Optical Voice Input Solution Company, Phone-Or Receives Investment from Intel Capital.Business Editors/High-Tech Writers OR-YEHUDA, Israel--(BUSINESS WIRE)--Feb. 12, 2001 Phone-Or Ltd., supplier of optical voice input solutions, today announced it has received investment funding from Intel Capital. This investment is to provide Phone-Or Ltd. with additional funding to further develop its optical voice input technology. Phone-Or recently completed a financial fund raising round of $25M. Jafco America Venture Capital Fund led the round and was joined by DRW DRW Drawing(s) DRW Dual Rear Wheels (pickup truck) DRW Detroit Red Wings DRW Darwin, Northern Territory, Australia (Airport Code) DRW Dr Who Investment Bank, Global Technology Venture, Intel Capital, MC Silicon Valley, RHO Rho The rate at which the price of a derivative changes relative to a change in the risk-free rate of interest. Rho measures the sensitivity of an option or options portfolio to a change in interest rate. Management Fund and previous investors. Further financial details of the investment were not disclosed. Phone-Or developed a directional integrated optical microphone (IOM IOM See: Index and Option Market ) based on the concept of sensing changes in the characteristics of light reflected from an ultra thin membrane. The optical solution combines the IOM with real time processing and Background Noise Suppression (BNS Noun 1. BNS - a bachelor's degree in naval science Bachelor of Naval Science bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies ). Alexander Wong Wong Kin Ming (Chinese: 王建明), also known as Alexander Wong, was born in Hong Kong and was educated in St. Joan of Arc School, King’s College, University of Hong Kong and the Inns of Court School of Law in England. , Director of Technology Investments in Intel Capital, said, "Phone-Or's efforts are in line with our strategic goal of developing new technology solutions for the mobile market segment." "We're pleased to receive this financing from Intel Capital for the development of advanced manufacturing technologies and capabilities. This new technology will support our business objective of securing relationships with large 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 customers and will help facilitate the adoption of our optical voice input solution," said Oded Turbahn, President 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. of Phone-Or Ltd. About Phone-Or Phone-Or develops, markets and manufactures a patented revolutionary optical microphone system that incorporates its field-tested background noise suppression (BNS) technology for automotive telematics, cellular communications and PC environments. Easily adaptable to a variety of applications, Phone-Or's optical technology microphone & BNS system is an enabling solution for speech recognition based applications by providing excellent sound quality, clearer speech and unparalleled noise-free communications. Phone-Or has strategic partnerships with industry leaders such as Intel, Motorola, Kenwood and Mitsubishi. For more information about Phone-Or and its optical solutions visit www.phone-or.com. About Intel Capital Intel Capital, Intel's strategic investment program, focuses on making equity investments and acquisitions to grow the Internet economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. , including Internet infrastructure, content and services in support of Intel's strategic interests. In Israel Intel Capital (www.intel.com/capital) invests through Intel Atlantic Inc., a subsidiary of Intel Corporation. Visit our website at: www.intel.com/capital |
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