Xiox announces agreement with Lernout & Hauspie Speech Products.BURLINGAME, Calif.--(BUSINESS WIRE)--June 30, 1997--Xiox Flanders N.V., a subsidiary to be formed by Xiox Corp., has signed an agreement today to license Lernout & Hauspie Speech Products' automatic speech recognition and text-to-speech technology for $300,000 in prepaid pre·pay tr.v. pre·paid, pre·pay·ing, pre·pays To pay or pay for beforehand. pre·pay  ment n. royalties.
As a result of the agreement, Xiox will be able to incorporate Lernout & Hauspie's leading-edge technology in its existing products as well as future products to provide "user friendly" telecommunications management solutions. With the Lernout and Hauspie technology, Xiox will provide a natural speech-based user interface in support of these and other new telephony applications. Xiox currently sells a wide variety of PBX (Private Branch eXchange) An inhouse telephone switching system that interconnects telephone extensions to each other as well as to the outside telephone network (PSTN). support applications from Voice Mail to Telephony Information systems. Included in the Xiox product family are Windows-based Telephony management and security applications that provide users with Call Accounting, Traffic Engineering and Fraud Control. "We chose Lernout & Hauspie's speech technology for its reliability, adaptability a·dapt·a·ble adj. Capable of adapting or of being adapted. a·dapt  a·bil and support for multiple languages. Each
of these is important to us in serving small and medium-sized customers
with or without telephony support organizations. Moreover, Lernout
& Hauspie shares our philosophy of providing cutting-edge customer
solutions at attractive prices," said Wayne Benoit, vice president
of Business Development at Xiox.
"Xiox Telephony applications, coupled with the Lernout & Hauspie technology, is yet another example of how speech technology makes other technologies more useful," said Chris Force, senior director of Lernout & Hauspie. "It is our plan that small businesses with little or no telephony experience will be able to use complex systems utilizing the Xiox applications. This integration of Xiox and Lernout & Hauspie technologies means that powerful computer telephony See CTI, VoIP and IP telephony. Computer Telephony - Computer Telephone Integration information systems are no longer cost prohibitive pro·hib·i·tive also pro·hib·i·to·ry adj. 1. Prohibiting; forbidding: took prohibitive measures. 2. or limited to technologically savvy users," said William Welling, 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. of Xiox Corp. Xiox Corp. manufactures and distributes a complete line of telephone management support and control systems for the commercial and hospitality markets. Xiox products are available nationwide through telecommunication distribution channels. Lernout & Hauspie Speech Products is an international leader in the development of speech technology for commercial products in four markets: Telecommunications, Computers and Multimedia, Automotive Electronics and Consumer Electronics. Lernout & Hauspie licenses core automatic speech recognition, text-to-speech, and digital speech compression Encoding digital speech to take up less storage space and transmission bandwidth. The PCM, ADPCM, CELP and LD-CELP methods are commonly used for speech compression. See speech codec and data compression. technologies. The company's world wide headquarters is in Ieper, Belgium and its Asian sales offices are located in Taipei, Taiwan and Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. . The United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. headquarters is located at Burlington, Massachusetts Burlington is a town in Middlesex County, Massachusetts, United States. The population was 22,876 at the 2000 census. History Burlington was first settled in 1641 and was officially incorporated on February 28, 1799. . The company's common stock is traded on the NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol LHSPF. For more information on the company and its products, visit L&H on the Internet at its Website (http://www.lhs.com) or call 800/PRO-INFO at no cost. Except for the historical information contained herein, the matters discussed in this news release are forward looking statements. Such forward looking statements involve known and unknown risks, uncertainties and other factors such as the availability and market acceptance of new products and product reliability, which may cause the actual results, performance or achievements of Xiox Corp. to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. For further information, refer to the risk factors detailed from time to time in the company's filings with the Securities and Exchange Commission. CONTACT: XIOX Melanie Reid, 415/375-8188 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion