IBM and Philips have announce they will work together to advance worldwide adoption of speech recognition technology.
According to an initial agreement, signed today, both companies will have the opportunity to review and license technology and cooperate on language development that will accelerate the adoption of speech recognition into the marketplace.
In addition, Philips will license IBM's text to speech technology for use in future products.
Ron Van den Bos, president and chief executive of Philips Speech Processing commented: "Our strategic relationship with IBM allows us to share technical resources and language resource development expertise to expand our global speech recognition offerings."
"Speech recognition is not only a compelling solution for the personal computer industry, but also for other leading Philips brand categories such as mobile computing, telecommunications and consumer electronics," he said.
According to industry analysts, speech recognition technology is one of the top technology trends to watch in the next two to five years.
William Meisel, president of US analyst firm TMA Associates, commented: "Speech recognition will drive innovation in user interfaces over the next decade. The Philips-IBM strategic relationship will accelerate market growth by making it easier to launch truly international products."
Earlier this week Intel completed its $30 million investment in Lernout&Hauspie for the development of voice recognition technology. (see Newswire 6 May)
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