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Loquendo Receives 2008 Frost & Sullivan European Telematics and Infotainment Emerging Company of the Year Award - The 2008 Frost & Sullivan European Telematics and Infotainment Emerging Company of the Year Award is presented to Loquendo
Loquendo Receives 2008 Frost & Sullivan European Telematics and Infotainment Emerging Company of the Year Award

 

PRZOOM - /newswire/ - London, United Kingdom, 2008/04/09 - The 2008 Frost & Sullivan European Telematics and Infotainment Emerging Company of the Year Award is presented to Loquendo.

   
 
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From being a key supplier of automatic speech recognition (ASR) and text to speech (TTS) solutions to the telephony market, Loquendo has emerged as a major participant in the car navigation and portable navigation devices (PND) market in Europe.

"With over 30 years of experience in voice and core expertise in this sector, Loquendo has introduced several innovative ASR and TTS solutions, which have enabled the company to gain a market leading position amongst ASR and TTS suppliers in the PND market," notes Frost & Sullivan Industry Manager, Praveen Chandrasekar. "The key to Loquendo's success in the European market has been its ability to scale down the speech engine used for telephony applications in the embedded space and also add innovations such as phonetic mapping and emotions to its synthetic voices."

The company's patented phonetic mapping technology enables voices to speak in any foreign language, in a way understandable to consumers. Other technical breakthroughs include the development of pre-recorded sounds with TTS, adding emotions in TTS, multi-language capability and designing the Speech Assessment Methods Phonetic Alphabet (SAMPA) compatibility module.

"Loquendo has developed a unique TTS module which can read the normal SAMPA and both the Teleatlas and NAVTEQ SAMPA," explains Chandrasekar. "This will enable the company to increase the quality of the speech rendered when reading addresses, sign posts and points of interest, in multiple languages, leveraging on its phonetic mapping patent and multi-language capabilities."

From a strategic perspective, the company has designed the same high quality speech engine created for the telephony market in a scaled down manner in embedded telematics applications, without sacrificing on quality. It has also moved to compress storage memory size by developing its own voice codec.

Loquendo also offers outstanding products; its TTS solutions support 23 languages. The company has been the first to offer South American languages other than Brazilian. It provides strong coverage of Japan, China and the Middle East as well.

"The company has excelled in terms of growth parameters: it is the market leader for TTS in the PND space," concludes Chandrasekar. "Loquendo experienced triple digit revenue growth in 2007 and has shown constant profitability increase since 2004, improving rapidly in terms of top line and bottom performances."

The Frost & Sullivan Award for Emerging Company of the Year is presented each year to the company that has emerged as a significant participant within its industry. This company is perceived to have exhibited outstanding management, superior market growth, exceptional customer service and the ability to combine technology and successful strategic initiatives. This company has the exceptional know-how to take advantage of market changes through the execution of innovative strategies within the existing competitive landscape.

Frost & Sullivan Best Practices Awards recognise companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.

About Loquendo
With over 30 years experience in speech technology, Loquendo (loquendo.com) is at the forefront of the global speech market. Loquendo TTS, Loquendo ASR, Technologies, and Loquendo Speaker Identification and Verification are high-quality, high-performance technologies that guarantee systems integrators the best solutions in 23 languages with 55 voices.

Loquendo voice technologies are also available on Loquendo MRCP, VoiceXML and CCXML platforms.

Loquendo is the only speech technology vendor that provides a complete product line for navigation and handheld devices, desktop PCs and telephony servers, guaranteeing the same portfolio of languages and the same core engine in all these environments.

Many enterprises and carriers worldwide have recognized the Loquendo difference, advanced technologies that power millions of calls every day in telecommunications and enterprise markets across the globe.

Loquendo is a Telecom Italia company headquartered in Turin, Italy, with offices in the US, Spain, Germany and France, and a worldwide network of partners.

Loquendo Contact Information:
Paolo Coppo - Vice President, Marketing & Business Development
P: +39 011 291 3111
E: paolo.coppo[.]loquendo.com

About Frost & Sullivan

Frost & Sullivan, the Global Growth Consulting Company, partners with clients to accelerate their growth. The company's Growth Partnership Services, Growth Consulting and Career Best Practices empower clients to create a growth focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents.

 
 
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Loquendo Receives 2008 Frost & Sullivan European Telematics and Infotainment Emerging Company of the Year Award

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