PeerTV PLC Speech Modules Update (7184U)
31 Julho 2015 - 7:26AM
UK Regulatory
TIDMPTV
RNS Number : 7184U
PeerTV PLC
31 July 2015
31 July 2015
PeerTV PLC
("PeerTV" or the "Company")
Completion of Real Time Speech Recognition System Development by
Speech Modules
PeerTV plc (AIM:PTV), a provider of technology solutions for the
OTT (TV over the internet) market and PCB (printed circuit board)
production solutions, announces that Speech Modules Holdings
Limited (SMHL), a company in which PeerTV holds a 17.72% interest,
has reported to the Tel Aviv Stock Exchange that it has completed
the development of its real time online speech recognition system,
which it is now ready to commercialise.
The system forms an integral part of the product being developed
jointly by PTV and SMHL to provide automatic real time creation of
subtitles for TV content. Passing this milestone will enable PTV to
progress in its development towards a fully commercial product.
The online system transcribes the speech in real time and
transfers the results to the speaker in intervals of approximately
0.5 seconds. The quality of the speech recognition is marginally
short of the quality of offline recognition, which is conducted as
batch process following the completion of the recording.
SMHL's core technology of real-time speech recognition has been
implemented in an application for dictation, developed by SMHL, and
is running on the Android platform and other systems, which
demonstrates the ability of real-time speech recognition for
various applications. To date, SMHL has developed a real-time
recognition technology for English, Hebrew, Portuguese and
Serbian.
Further enquiries:
PeerTV Plc
Eitan Yanuv, Chairman
Tel: +972 974 07315
ZAI Corporate Finance Limited
Tim Cofman / Richard Morrison
Tel: +44 20 7060 2220
Daniel Stewart & Company plc
David Coffman
Tel: +44 207 7766550
This information is provided by RNS
The company news service from the London Stock Exchange
END
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