FORT WAYNE, Ind. and PRINCETON, N.J., July 8 /PRNewswire/ -- ITT
Industries (NYSE: IIN), a global engineering and industrial manufacturing
company with leading positions in communications, networking and tactical
voice control for the government market, announced today that it has signed a
joint development, marketing and licensing agreement with Voxware, Inc.
(Nasdaq: VOXW), a leading developer of speech recognition-based products for
industrial markets. Through the agreement, ITT Industries and Voxware will
cross-license their noise-robust speech recognition technology for use in
military and industrial applications.
"We chose Voxware as a strategic partner in order to leverage commercial
technology into our programs for military use." said Dr. Barry Abzug,
President and General Manager of ITT Industries' Aerospace/Communications
Division. "Combining Voxware's technologies and products expands our Command
Voice!(TM) product line with "noise robust" voice recognition technology.
This will address emerging military tactical voice recognition requirements
for medium to large vocabulary speaker adaptive applications".
"ITT Industries' partnership with Voxware for noise-robust speech
recognition technologies enhances our position as a leading provider of voice
solutions for industrial markets," added Dr. Bathsheba J. Malsheen, Voxware's
President and CEO. "Warehouses, manufacturing floors and package sorting
facilities are extremely noisy, and ITT Industries' selection of Voxware
certainly validates that our products provide the highest accuracy today for
these types of industrial applications."
In addition to licensing and joint development agreements, Voxware and ITT
have also agreed to jointly explore commercial product marketing opportunities
for radio frequency, modem, and other technology from ITT's personal
communications technology known as the Handheld Multimedia Terminal (HMT).
ITT Industries will also make available its SpeakerKey(R) commercial speaker
verification product to Voxware as part of the agreement.
"ITT Industries is a pioneer in developing and providing tactical voice
control systems for military applications," noted Dr. William Meisel, editor
of Speech Recognition Update based in Tarzana CA. "As digitization adds
technical features to weapons and battlefield communications systems, it is
imperative soldiers be able to control them with an intuitive interface that
leaves their eyes and hands free. The combination of ITT Industries Command
Voice!(TM) product and Voxware technology does just that."
Voxware will continue to focus its sales and marketing resources on its
targeted industrial markets, and will evaluate and potentially incorporate
technology and experience emerging from the ITT Industries relationship to
strengthen its product position in the warehousing, manufacturing and package
sorting market segments. Similarly, ITT Industries will continue to focus on
military applications for tactical speech recognition products and technology,
leveraging the Voxware relationship to provide commercial products and
technology to increase its presence in the military market.
About ITT Industries
ITT Industries, Inc. (http://www.ittind.com) is a global engineering and
industrial manufacturing company with leading positions in the markets that it
serves: pumps and complementary products; defense products and services;
connectors and switches; and specialty products. Based in White Plains, NY,
ITT Industries employs approximately 33,000 people around the world. In
addition to the New York Stock Exchange, ITT Industries' stock is traded on
the Midwest, Pacific, London, Frankfurt and Paris exchanges.
SOURCE ITT Industries, Inc.
Web site: http://www.ittind.com
Company News On-Call: http://www.prnewswire.com/comp/110006.html
or fax, 800-758-5804, ext. 110006
CONTACT: John Kirkwood of ITT Industries, Inc., 219-451-6384; or
Brad Schmitt of Voxware, Inc., 609-799-6000