ITT Corporation

ITT Industries and Voxware in Strategic Alliance for Speech Recognition Technology

    7/8/1999

        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

About ITT

ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and oil and gas markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in White Plains, N.Y., with employees in more than 35 countries and sales in a total of approximately 125 countries. The company generated 2016 revenues of $2.4 billion.

Investors

Jason Moss
tel +1 914-641-2030
jason.moss@itt.com

Media

Laurent Lawrence
tel +1 914-304-1809
laurent.lawrence@itt.com

MEDIA