LONDON, Oct. 27, 2006 (PRIMEZONE) -- Quantech Electronics Corp. (Pink Sheets:QTCE), software developer for marketing communications, announced that it expects to acquire rights to an innovative emotion-detection speech analysis application in the near future.
Quantech is currently completing its requirements toward acquiring the rights in a ground-breaking patent-protected development project evolving around the detection, analysis and classification of emotion in speech. The real time speech analysis will provide an immediate indication of the speaker's emotion, which is an enormous advantage over existing speech recognition programs. In addition to its tremendous potential for marketing and sales communications systems, emotion detection capabilities offer innovative applications in a virtually unlimited range of consumer products including dolls, toys, computer games, educational software programs, and edutainment.
"Emotion detection is a key phase in our ability to use customers' speech and communications as a source of important information on customers' needs, desires, preferences and intentions. By recognizing the emotional content of customers' communications, marketers can customize offerings to customers even more precisely than ever before," says Liat Matilsky, CEO of Quantech. "This is an exciting innovation that is destined to add an interesting dimension to the man-machine interface, with unlimited potential for marketing as well as consumer products, transportation, medical and therapeutic applications, and traffic control, to name only a few."
The cutting edge emotion-detection speech recognition software is in its final stage of development, and Quantech anticipates that it will acquire the rights to complete and market the software application in the very near future. The emotion detection application allows marketers to tap into customers' emotional state in real time, while viewing or discussing products and purchases, and immediately offer the environment, service or product that best matches customers' unspoken desires and wishes.
Quantech's development program includes three products to cover three major markets: a detection/generation engine for toys and dolls, a speech analysis generator, and generators licensed to manufacturers and product developers. "A demo version of the emotion-detection tool will be available for downloads from our website very shortly, so people can see for themselves just how sophisticated this new tool is," adds Liat Matilsky, CEO of Quantech.
About Quantech
Quantech Electronics Corp. is a web-based software development company based in the UK, that offers development services focusing on web-based desktop communication tools, call center support tools, and development packages designed to enhance the effectiveness of web-based advertising and instant messaging. The company's powerful, easy-to-use software enhances the effectiveness and efficiency of its customers' online and offline businesses. Driven to provide comprehensive solution packages for their clients' entire online business needs, Quantech focuses on customized developments for medium to large businesses, as well as start-ups, Quantech's unique technologies and rapid-response systems construct client infrastructure at competitive prices.
Forward-Looking Statements
Certain statements in this news release may contain 'forward-looking' information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.
To contact Quantech or access more information, please visit our web site at www.quan-tech.co.uk