ScanSoft and UMAX Announce New OEM Agreement.Business/Technology Editors PEABODY, Mass.--(BUSINESS WIRE)--May 15, 2000 ScanSoft, Inc. (Nasdaq: SSFT SSFT Secure Socket File Transfer ), the leading developer of digital imaging software, and UMAX Technologies Inc., a worldwide leader in the manufacture of imaging and computer products, announced a new 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 licensing agreement. The agreement provides UMAX with rights to bundle ScanSoft's OmniPage(R) Limited Edition OCR OCR in full optical character recognition Scanning and comparison technique intended to identify printed text or numerical data. It avoids the need to retype already printed material for data entry. software with their flatbed scanners A scanner that provides a flat, glass surface to hold pages of paper, books and other objects for scanning. The scan head is moved under the glass across the page. Sheet feeders are usually optionally available that allow multiple sheets to be fed automatically. , including UMAX Astra, Mirage and PowerLook models for the Windows(R) and Macintosh(R) platforms on a worldwide basis over the course of the next year. "ScanSoft's OmniPage is the leader in recognition software and the combination of our award-winning technologies provides a real world scanning solution for our customers," said Lynn Lin, product marketing manager for UMAX Technologies, "It is important to our users because it dramatically enhances productivity and streamlines everyday data entry right out of the box." "We are certainly excited about our partnership with UMAX which holds a strong position in the scanner market," said ScanSoft's Wayne Crandall, senior vice president of sales and business development. "With our agreement, we will be able to expose hundreds of thousands of new scanner owners to the OmniPage brand while increasing the use of OCR to a wider audience." OmniPage Limited Edition (LE) is OCR that provides entry-level capabilities to meet the needs of users with basic OCR requirements. With OmniPage LE, users can scan paper documents such as memos, reports, contracts and resumes, for example, and convert them into editable text without having to retype. The features and functions included in OmniPage LE provide entry-level users with the necessary capabilities to convert and output paper documents to applications such as Microsoft Word A full-featured word processing program for Windows and the Macintosh from Microsoft. Included in the Microsoft application suite, it is a sophisticated program with rudimentary desktop publishing capabilities that has become the most widely used word processing application on the market. and Excel as well as other popular text-based applications. Users of OmniPage LE are eligible for an inexpensive upgrade to the full-featured OmniPage Pro(R) version. Advantages of the upgrade are: --Increased accuracy with interactive verification of OCR results --Page layout retention with the True Page(TM) technology, which enables users to maintain the look of the original document --Usability features with the AutoOCR Toolbar A row or column of on-screen buttons used to activate functions in the application. Many toolbars are customizable, letting you add and delete buttons as required. Toolbars may be fixed in position or may float, which means they can be dragged to a more convenient location in the (TM) --Recognition and output of color not of the white race; - commonly meaning, esp. in the United States, of negro blood, pure or mixed. See also: Color documents --True cell table output and much more "OmniPage Pro is considered the number 1 OCR product in the market on a world-wide basis, and we are wanting to bring this exciting technology to the masses and add to our already growing base of over 7 million users. This partnership helps us do just that," continued Crandall. About ScanSoft, Inc. Headquartered in Peabody, MA, ScanSoft, Inc. (NASDAQ: SSFT) is a leading developer of digital imaging software that enables users to leverage the power of their scanners, digital cameras and other electronic devices. ScanSoft's award-winning product line - Pagis Pro(TM), TextBridge Pro(TM), PaperPort Deluxe(TM), OmniPage Pro(R), OmniForm(R), OmniPage Pro Scan Suite(TM), ImageAXS(TM), Paper Converter(TM), PageKeeper(R), Kai's Photo Soap2(TM), Kai's SuperGoo(TM), Kai's PowerShow(TM), and PhotoFactory(TM) - enables users to capture, recognize, edit, manage and share documents and photos electronically by taking advantage of ScanSoft's cutting-edge technology. ScanSoft has established numerous strategic partnerships with the industry's leading scanner and multifunction vendors to deliver the most comprehensive and cost-effective solutions for its customers. Vendors who have chosen ScanSoft's cutting-edge technologies to incorporate into their own product offerings include Brother, Canon, Epson, Fujitsu, Hewlett-Packard, Lotus, Microtek, Mustek, Primax, Sharp, Symantec, Visioneer, Xerox and others. ScanSoft's leading OCR technology was recently licensed by Microsoft for use in future products. ScanSoft continues to cultivate and develop strategic partnerships to deliver the most comprehensive and cost-effective solutions for its customers. ScanSoft software is sold and marketed worldwide through retail, dealer and OEM channels and the Internet, capturing the consumer, small office/home office See SOHO. (SOHO Soho (sōhō`, sə–), district of Westminster, London, England, known for its continental restaurants. Once a fashionable quarter, it became popular among writers and artists in the 19th cent. ) and corporate markets. There are approximately 7 million registered users of ScanSoft products. ScanSoft can be found on the web at www.scansoft.com. About UMAX UMAX Technologies, Inc. is a technology leader in the design and distribution of a full line of imaging products. The company maintains its leadership position in the imaging market with a broad line of desktop scanners and digital cameras. UMAX is located at 3561 Gateway Boulevard Gateway Boulevard is a major one-way street in Edmonton, Alberta. It is part of the Alberta provincial highway 2. It's a northbound road and it runs parallel with Calgary Trail, which is the southbound part of Highway 2. , Fremont, California For the unincorporated community in Yolo County, California, see . Fremont (IPA: /ˈfriːmɒnt/) is a city in California that was incorporated on January 23, 1956, from the merger of five smaller communities: , 94538, and is on the Web at: http://www.umax.com. Except for the historical information contained herein, the matters set forth in this press release, including, but not limited to the perceived benefits of the OEM agreement, are 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. 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. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the impact of competitive products, and other risks detailed from time to time in ScanSoft's SEC reports. ScanSoft disclaims any intent or obligation to update these forward-looking statements. Pagis, TextBridge, PaperPort, PaperPort Deluxe, PhotoFactory, Kai's SuperGoo, Kai's Photo Soap 2, Kai's Power Show, Paper Converter, OmniPage, OmniPage Pro, OmniForm, PageKeeper, AutoOCR Toolbart and True Page are registered trademarks or trademarks of ScanSoft, Inc. ImageAXS is a trademark of Digital Arts & Sciences Corporation. All other trademarks and tradenames are hereby recognized and many be registered to their respective holders. (c) 2000 all rights reserved. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion