In a stock exchange agreement, Fonix, a speech technology software company providing speech recognition and text-to-speech technology interfaces for devices and systems, is purchasing a profitable Chinese software company GaozhiSoft, which provides Chinese mobile network service providers an operating platform and proprietary software.
The addition of Fonix’s speech technology to the mobile software platform in the emerging Chinese market, where the Chinese character set is already a hindrance, is significant. Roger D. Dudley, Fonix president and CEO, stated, “This acquisition is a bold, strategic move for Fonix and its shareholders. Fonix and GaozhiSoft will provide advanced communications solutions enabling cellular carriers, game developers, and language learning device providers to deliver real-life interaction between human and machine.”
Dr. Jiang further commented, “To date, there is little evidence of commercially viable voice recognition technology products in the China mobile market. We expect to leverage our market position and customer relationships to bundle Fonix technology into compelling, user friendly speech interface applications. As a proven earlier adopter of technology, the dynamic Chinese market is capable of explosive growth based on sound 3G network technology and the implementation and simple, easy to use Fonix speech technology.”
Let us hear your thoughts below: