Fonix Speech Technology Embedded in New Electronic Dictionaries from Noah Education Technology.Fonix Text-to-Speech Available in New E-Dictionary Models in China SALT LAKE CITY -- Fonix Speech, Inc., a 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. of 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, announces Fonix 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 ) technology on a new electronic dictionary Noun 1. electronic dictionary - a machine-readable version of a standard dictionary; organized alphabetically machine readable dictionary, MRD lexical database - a database of information about words manufactured and sold by Noah Educational Technology Co., Ltd., the premier provider of educational electronic devices and software in China. Noah's newest e-dictionary, model NP600 embedded with Fonix DECEtalk TTS, is currently available in China, with another model debuting later this year. Noah projects a manufacturing rate of over 100K units per model for the year. Fonix receives unit royalties from the sale of each device. "We are delighted to introduce new Fonix-enabled electronic dictionaries into our line of educational devices and products for the Chinese market," says Benguo Tang, Senior VP of Noah Education Holdings Ltd. "China invests heavily in innovative educational tools and experiences for students and citizens, and Noah is committed to advancing educational technologies and initiatives throughout the country. These new electronic dictionary devices will help Chinese customers learn and speak correct English words and phrases Words and Phrases® A multivolume set of law books published by West Group containing thousands of judicial definitions of words and phrases, arranged alphabetically, from 1658 to the present. . Noah chose Fonix DECtalk text-to-speech because it is clear and easy for users to understand." "This contract with Noah marks the first large-scale agreement with China's leading educational electronics provider to develop and market speech-enabled learning devices," says Walt Nawrocki, Senior VP and GM, Fonix Speech. "Noah's considerable foothold in the Chinese educational market provides Fonix with a tremendous opportunity to partner with a reputable leader in their efforts to offer advanced, cutting-edge technology solutions to customers hoping to improve their language skills." Noah's e-dictionary device utilizes Fonix DECtalk[R] TTS, the industry-leading TTS technology for limited-memory applications. Fonix TTS is specifically designed for embedded devices with limited memory capacity. Fonix TTS "speaks" word definitions and phrases in understandable English. For more information about Fonix speech solutions, visit www.fonix.com, or call 801-553-6600 and say "Sales." About Noah Noah Education Technology Co., Ltd. is based in Shenzhen, China and is a wholly owned subsidiary of Noah Education Holdings, Ltd. Founded in 2004, Noah Education Holdings, Ltd. is a leader in the educational electronic market, developing and marketing electronic educational products, software and educational resource content. Noah Education Holdings, Ltd. has three wholly owned subsidiaries: Innovative Noah Electronic (Shenzhen) Co., Ltd., New Noah Technology (Shenzhen) Co., Ltd. and Noah Education Technology (Shenzhen) Co., Ltd. Please visit http://en.noahtech.com.cn and http://www.noahedu.com for more information. About Fonix Fonix Corporation, 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 See video game console. , toys and appliances; computer telephony See CTI, VoIP and IP telephony. Computer Telephony - Computer Telephone Integration systems; the assistive market and automotive telematics Originally coined to mean the convergence of telecommunications and information processing, the term later evolved to refer to automation in automobiles. GPS navigation, integrated hands-free cellphones, wireless communications and automatic driving assistance systems all come under the . 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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. |
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