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Advanced Voice Recognition Systems, Inc. (AVOI) to Pursue License Agreements and Advantageous Relationships via Speech Recognition Patents

|Includes: Advanced Voice Recognition Systems, Inc. (AVOI)

Advanced Voice Recognition Systems, Inc. is a software development company headquartered in Scottsdale, Arizona, with an office in Mitchell, South Dakota. The company first introduced its speech recognition software and related firmware in 1994 at an industry trade show. Leveraging its portfolio of patents and patent-pending applications, Advanced Voice Recognition Systems intends to attempt to interest other companies in entering into license agreements or other strategic relationships, enforcing and defending its patents through infringement and interference proceedings, as appropriate.

Speech recognition technology allows the conversion of speech into written text. Advanced Voice Recognition Systems’ technology focuses on improving speech recognition technology by increasing speech conversion precision, with the goal of achieving near 100% accuracy and allowing the user to speak naturally. The company also focuses on improving user productivity and profitability by enabling the use of the text in multiple applications specific to the user’s objectives.

The company’s primary assets are U.S. Patent #5,960,447 and United States Patent #7,558,730. U.S. Patent #5,960,447 is for a word tagging and editing system for speech recognition filed on November 13, 1995 and issued on September 28, 1999. U.S. Patent #7,558,730 discloses a system for facilitating speech recognition and transcription among users employing incompatible protocols for generating, transcribing, and exchanging speech and was filed on November 27, 2001 and issued on July 7, 2009.

Earlier this year, Advanced Voice Recognition Systems received a Notice of Allowance from the U.S. Patent and Trademark Office for a third patent related to its speech recognition and transcription technology. The patent is an expansion of the coverage of U.S. Patent #5,960,447. According to CEO Walter Geldenhuys, this third patent will “improve the efforts of AVRS to monetize its assets in the rapidly growing voice recognition and transcription marketplace.”

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