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IBM Licenses Voxware's MetaSound Technology for Use in Multimedia Products.

PRINCETON, N.J.--(BUSINESS WIRE)--May 13, 1997

IBM licenses MetaSound, Voxware's low-bandwidth audio

compression technology, to add high quality audio to

multimedia products

Voxware, Inc. today announced that IBM has licensed Voxware's MetaSoundTM audio compression technologies (codecs). Voxware, Inc. (Nasdaq: VOXW) is a developer of speech and audio compression technologies for IP communications and multimedia solutions.

Voxware's MetaSound technology, built on core technology from Nippon Telegraph and Telephone, is designed to deliver high quality audio over bandwidth-constrained environments. Codecs in the MetaSound family are available in a range of bandwidths to enable customized audio streaming. MetaSound is used by developers of Internet or intranet applications, multimedia products, gaming, and interactive education applications.

"IBM is looking forward to incorporating Voxware's solution into our Internet technology portfolio," stated John Patrick, vice president, Internet technology at IBM. "We are helping our customers build e-business solutions which enable them to reach more constituencies by combining this new audio technology with our VideoCharger. In doing this, IBM can facilitate more natural human interaction on the Web."

IBM's VideoCharger Server for AIX is a software product providing real-time delivery of video and audio content to Internet and/or intranet clients. VideoCharger is a highly scalable system capable of delivering low bit-rate, mid-band, and high bit-rate (MPEG) audio/video streaming.

"We are delighted that IBM has chosen our MetaSound technology to use in their future multimedia products," said Michael Goldstein, president and chief executive officer of Voxware. "This licensing arrangement represents another endorsement by a leading technology provider. By licensing MetaSound IBM joins other industry leaders, such as Microsoft, who plan to use Voxware technology to help them meet customer expectations for the highest sound quality in their software solutions."

About Voxware, Inc.

Voxware, Inc. develops, markets, licenses and supports digital speech processing and audio technologies and solutions. Voxware's coding technologies, including MetaVoiceTM and MetaSoundTM, are designed to reproduce high quality speech and audio while requiring very low communications bandwidth and processing power. Voxware's technologies enable users to create a new generation of audio- enhanced communications and interactive products for the Internet and other bandwidth-constrained environments. The Company licenses its technologies to independent software vendors, and develops and distributes end-user application software. Voxware was founded in 1993 and is headquartered in Princeton, New Jersey. Additional information about Voxware, Inc. can be obtained on the Internet at http://www.voxware.com, by sending e-mail to vox@voxware.com or by calling (609) 514-4100.

This news release contains forward-looking statements. Such statements are subject to certain factors which may cause Voxware's plans to differ or results to vary from those expected including the risks associated with development of new products and the uncertainty of product acceptance, the uncertainty of adoption of the Internet as a medium for voice communications, the Company's reliance on third parties to generate recurring revenues, the competitive nature of the Company's industry, rapid technological changes, the Company's need to develop new and enhanced products, government regulations and legal uncertainties, the Company's dependence on key personnel, uncertainties regarding patents and proprietary rights, and a variety of risks set forth from time to time in Voxware's filings with the Securities and Exchange Commission. Voxware undertakes no obligation to publicly release results of any of these forward-looking statements which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected events.

Voxware is a registered trademark, and MetaVoice and MetaSound are trademarks of Voxware, Inc. MetaSound is a derivative of TwinVQ, whose original copyright is owned by Nippon Telegraph and Telephone Corporation. VideoCharger is a trademark of IBM Corporation. All other product names are trademarks of their respective owners.

CONTACT: Investor Relations Contacts:

Voxware, Inc.

Michael Goldstein

or

Technology Media Contacts: Kenneth H. Traub

Voxware, Inc. Executive Vice President & CFO

Joan Spindel 609-514-4100

609-514-4100

or Morgen-Walke Associates

Weber Group Michele Katz/Jessica Davis

Jim McManus Press: Lee Foley/Ann Travers

617-520-7109 212-850-5600
COPYRIGHT 1997 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:May 13, 1997
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