Fonix Reports on Shareholder Conference Call.SALT LAKE CITY -- Fonix Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : FNIX), specializing in embedded speech interfaces for mobile devices, handheld electronic products, video game systems and processors, reports the results of today's shareholder conference call. Fonix management discussed: Company Overview * Through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Fonix Speech, Inc., the Company licenses embedded speech technologies to original equipment manufacturers (OEMs). * Fonix Speech's core technologies include automatic speech recognition (ASR (Automatic Speech Recognition) Using voice recognition to replace keypad entry for telephone voice menus. Typically used to speak the digits 0 through 9 insted of keying them, ASR systems may be able to recognize a limited vocabulary. See voice recognition and AVSR. ), text-to-speech (TTS (1) See text-to-speech. (2) (Transaction Tracking System) Software that monitors a transaction until completion. In the event of a hardware or software failure, it ensures that the database is brought back to its former state before the attempt to ) and voice compression (VC). Market Opportunities * Fonix Speech customers sell speech-enabled products in three primary markets: electronic dictionaries, video game consoles This is a list of video game consoles by the era they appeared in. Eras are named based on the dominant console type of the era (even though not all consoles of those eras are of the same type). Some eras are referred to based on how many bits a major console could process. and mobile phones. * E.dictionaries - ASR, TTS and VC available to handheld dictionary OEMs; number of OEMs with models in the market increasing; markets expanding to include Japan, China, Korea, Middle East and Europe; Fonix Speech receives NRE (Non-Recurring Engineering) Refers to the cost of creating a new product, which is paid up front. Contrast with "production cost," which is ongoing and based on the quantity of material produced. fees and unit royalties. * Video game consoles - Fonix speech technologies available for five gaming platforms (Xbox, Xbox 360, PlayStation2, PlayStation3 and PC); 20 retail games available featuring Fonix speech; Fonix Speech receives licensing fees for games (per game, per platform). * Mobile phones - Fonix speech-enabled dialing solutions available for Windows Mobile Smartphones and PocketPCs; add-on software available from Internet retailers; bundled solutions now available for OEMs; Fonix Speech receives unit royalties. 2007 Outlook * Yearly revenue for Fonix Speech, Inc. expected to increase 1.5Xs over 2006 based on current OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and contracts with products now shipping. * Company will manage current operations with recently acquired financing combined with revenue growth from product sales. * Operating costs have been reduced. "During today's shareholder conference call, Fonix management endeavored to explain Fonix Speech's current market position and business strategy going forward," says Thomas A. Murdock, Fonix Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We remain optimistic about future market opportunities based on the manufacturing relationships we have developed over the past 24 months. The results of this work are evident in the number of new Fonix speech-enabled products entering the market this year." About Fonix Fonix Corporation (OTCBB: FNIX), based in Salt Lake City, Utah For ships of the United States Navy of the same name, see . Salt Lake City is the capital and the most populous city of the U.S. state of Utah. The name of the city is often shortened to Salt Lake, or its initials, S.L.C. , currently operates through its wholly owned subsidiary, Fonix Speech, Inc., an innovative speech recognition and text-to-speech technology company that provides value-added speech solutions. Fonix Speech offers voice solutions for mobile/wireless devices; interactive video games, toys and appliances; computer telephony systems; the assistive market and automotive telematics. Fonix Speech provides developers and manufacturers with cost-effective speech solutions to enhance devices and systems. Visit www.fonix.com for more information, or call (801) 553-6600 and say "Sales." Statements released by Fonix that are not purely historical are forward looking within the meaning of the "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, including statements regarding the Company's expectations, hopes, intentions and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the Company's business prospects and performance. The Company's actual results could differ materially from those in such forward-looking statements. Risk factors include general economic, competitive, governmental and technological factors as discussed in the Company's filings with the SEC on Forms 10-K, 10-Q and 8-K. The Company does not undertake any responsibility to update the forward-looking statements contained in this release. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion