LONDON, Nov. 16, 2006 (PRIMEZONE) -- Quantech Electronics Corp. (Pink Sheets:QTCE), software developer for marketing communications, announced that it soon expects to complete its acquisition of rights to an innovative emotion-detection speech analysis application.
Quantech will soon finalize its acquisition of rights to a unique technological system that recognizes and responds to the emotion in speech. Emotional analysis of speech is a cutting-edge technological innovation with virtually unlimited areas of application. The company plans to market its innovation as a platform for several major product categories where the introduction of an emotion recognition component to speech activated systems will create a revolution in user's product interactions. Major potential applications for the new emotion-based speech-recognition system include: 1) biofeedback products which help the individual train and control their emotional and physiological state, combining biological functions and multi-media; 2) enhanced feedback in learning of various cognitive skills, 3) animation activation and manipulation, allowing games or educational software to respond to users' emotional state reflected in their speech.
One of the first directions of development will be directed to the multimedia game/edutainment market, which exhibits an explosive growth rate of 25% in the United States alone. According to recent research conducted by leading consumer and retail information company the NPD Group, total U.S. consumer spending on PC Games reached $1.4 billion in 2005, not taking into consideration multimedia games on consoles and hand-held devices.
Quantech's new Sky's-the-Limit is its first speech-based emotion-recognition system, where the user's emotion in speech modifies the audio-visual image displayed while playing a game or operating an edutainment program. The second system, called the Biofeedback system, incorporates biological and physiological variables.
"The sheer magnitude of the market offers a great opportunity for Quantech's innovation. Although this is highly competitive market, Quantech now has a unique advantage based on the innovativeness of our development. Using this platform, users' emotional reactions become an integral part of games and edutainment programs, giving an entirely new meaning to the man-machine interface. This emotional interaction with the computer 'humanizes' the game," explains 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