Sales of Fonix Text-to-Speech Solution for Electronic Dictionaries Exceeding Company Forecasts; Handheld Dictionary Devices Hot Sellers in Asian Market
SALT LAKE CITY–(BUSINESS WIRE)–April 26, 2006–Fonix Speech Inc., a wholly owned subsidiary of Fonix Corp. (OTCBB: FNIX) specializing in embedded speech interfaces for mobile devices, handheld electronic products, and systems and processors, announces royalty sales in Asia from Fonix speech solutions for electronic dictionaries exceeded the company’s original forecasts.
Casio Computer Co. Ltd. manufactures and markets a line of electronic dictionaries in Asia that feature Fonix text-to-speech (TTS). Market reaction in the region for handheld dictionaries has exceeded expectations; increased sales can be attributed to additional device models in Japan and the introduction of three new models in Korea. Fonix anticipates supplying more than two million TTS solutions to Casio in 2006. The company receives unit royalties from each device sold.
“Casio has ramped up sales and marketing efforts of its electronic dictionaries to meet increased demand in Japan and Korea,” said Walt Nawrocki, senior VP and GM, Fonix Speech. “Fonix is more than pleased to continue to supply our TTS solution for handheld ‘talking’ dictionaries, a market niche that now provides a significant percentage of Fonix Speech revenue. If trends persist, we anticipate continued success in the region and the opening of new markets around the world.”
About Fonix Speech Inc.
Fonix Speech Inc. is a wholly owned subsidiary of Fonix Corp. that currently offers voice technology solutions for mobile/wireless devices; interactive videogames, toys and appliances; computer telephony systems; the assistive market and automotive telematics.
About Fonix
Fonix Corp., based in Salt Lake City, is an innovative communications and technology company that provides integrated telecommunications services and value-added speech technologies through Fonix Telecom Inc., LecStar Telecom Inc. and Fonix Speech Inc. The combination of interactive speech technology and integrated telecommunications services allows Fonix to provide customers with comprehensive cost-effective solutions to enhance and expand their communications needs. Visit www.fonix.com for more information, or call 801-553-6600 and say “Sales.”
Statements released by Fonix that are not purely historical are forward-looking within the meaning of the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company’s expectations, hopes, intentions and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company’s business prospects and performance. The company’s actual results could differ materially from those in such forward-looking statements. Risk factors include general economic, competitive, governmental and technological factors as discussed in the company’s filings with the SEC on Forms 10-K, 10-Q and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.