This Year's Best Practices Company of the Year
in the North American Automotive Connected Voice Assistance
Industry Award goes to SoundHound Inc.
SoundHound Inc., a global leader in voice artificial
intelligence, currently in the process of becoming a public company
through its expected merger with Archimedes Tech SPAC Partners Co.
(NASDAQ: ATSPU units, ATSPT subunits), today announced it has been
recognized by Frost & Sullivan for valuable achievements as a
leader in innovation and growth in the North American automotive
connected voice assistance industry and named Best Practices
Company of the Year, 2021.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20211207005360/en/
This Year's Best Practices Company of the
Year in the North American Automotive Connected Voice Assistance
Industry Award goes to SoundHound Inc. (Graphic: Business Wire)
According to Frost & Sullivan, the Best Practices Company of
the Year Award is reserved for companies at the forefront of
innovation and growth in their respective industries. These
companies consolidate their leadership positions by innovating and
creating new products, solutions, and services that meet
ever-evolving customer needs. By strategically broadening their
product portfolios, leading companies advance the overall
market.
"Driving innovation and growth is a difficult task made even
harder by the strategic imperatives forcing change today, such as
disruptive technologies, value chain compression, industry
convergence, and new business models. In this context, SoundHound
Inc.’s recognition signifies an even greater accomplishment," said
Darrell Huntsman, CEO, Frost & Sullivan.
With SoundHound as a partner, leading automakers are making a
significant leap forward in convenience and connectivity. Today,
SoundHound’s technology powers the voice experience in millions of
products from leading automotive brands, including Hyundai,
Mercedes-Benz, KIA, and Stellantis, and brands in other industries,
including Pandora, Snap, VIZIO, Deutsche Telekom, and more.
The company's breakthrough innovations include
Speech-to-Meaning® and Deep Meaning Understanding® technologies
that process speech in one step with speed and accuracy, allowing
people to interact with products and services the same way they do
with each other—by simply talking.
"With OEMs emphasizing branded voice assistants for in-car
customers, SoundHound's independent voice AI platform that supports
over 20 popular languages, accent efficiency, and 'in-trend'
capabilities—such as wake words and natural language
processing—make them a perfect partner,” said Ashwini Suvarna,
Research Analyst, Frost & Sullivan. “The constantly expanding
100+ content domains, AI integration, and the flexibility of voice
access with or without internet connection are add-on reasons for
OEMs to consider SoundHound's voice AI solutions."
Supporting 22 of the world's most popular languages, the ability
to understand accents, and unprecedented performance in noisy
environments are just a few of the reasons OEMs are turning to
SoundHound's voice AI solutions. The company's advanced voice AI
platform, including Active Arbitration technology and a hybrid
connectivity option allows drivers to continue using voice control
to access in-car functions, even when an internet connection is not
available.
"We're honored to be recognized for our achievements in the
automotive industry and for technological innovations that are
bringing the power of voice to more brands and their customers,"
said Keyvan Mohajer, Co-Founder and CEO, SoundHound Inc. "Our
recent advances in edge and hybrid voice technology options have
opened the doors to our automotive partners and other car
manufacturers who are already working toward a future when cars are
an integral part of the IoT."
SoundHound's library of hundreds of content domains, including
Parkopedia, iHeartRadio, Wcities, Radio.com, and those that contain
weather, news, sports scores, and stock market updates give
automakers access to a wide range of data sets to bring their
in-car infotainment systems to life. The SoundHound Voice AI
platform currently processes over 100 million queries per month
across the company’s ecosystem of product partnerships. In the
first half of 2021, the platform's query volume doubled and is
projected to exceed 1 billion by the end of the year.
About SoundHound Inc.
SoundHound Inc., a leading innovator of conversational
intelligence, offers an independent voice AI platform that enables
businesses across industries to deliver best-in-class
conversational experiences to their customers. The company is
currently in the process of going public through a definitive
merger agreement with Archimedes Tech SPAC Partners Co. (NASDAQ:
ATSPU units, ATSPT subunits) and expects to be publicly listed on
Nasdaq under the symbol SOUN following the closing of the
transaction. Built on proprietary Speech-to-Meaning® and Deep
Meaning Understanding® technologies, SoundHound’s advanced voice AI
platform provides exceptional speed and accuracy and enables humans
to interact with products and services like they interact with each
other—by speaking naturally. SoundHound is trusted by companies
around the globe, including Hyundai, Mercedes-Benz, Pandora,
Deutsche Telekom, Snap, VIZIO, KIA, and Stellantis.
www.soundhound.com
Important Information and Where to Find It
This press release refers to a proposed transaction between
Archimedes Tech SPAC Partners Co. and SoundHound. This press
release does not constitute an offer to sell or exchange, or the
solicitation of an offer to buy or exchange, any securities, nor
shall there be any sale of securities in any jurisdiction in which
such offer, sale or exchange would be unlawful prior to
registration or qualification under the securities laws of any such
jurisdiction. In connection with the transaction described herein,
Archimedes intends to file relevant materials with the SEC,
including a registration statement on Form S-4, which will include
a proxy statement/prospectus. Security holders are encouraged to
carefully review such information, including the risk factors and
other disclosures therein. The proxy statement/prospectus will be
sent to all Archimedes stockholders. Archimedes also will file
other documents regarding the proposed transaction with the SEC.
Before making any voting or investment decision, investors and
security holders of Archimedes are urged to read the registration
statement, the proxy statement/prospectus and all other relevant
documents filed or that will be filed with the SEC in connection
with the proposed transaction as they become available because they
will contain important information about the proposed
transaction.
Investors and security holders will be able to obtain free
copies of the proxy statement/prospectus and all other relevant
documents filed or that will be filed with the SEC by Archimedes
through the website maintained by the SEC at www.sec.gov or via the
website maintained by Archimedes at www.archimedesspac.com or by
emailing Info@ArchimedesSPAC.com.
Participants in the Solicitation
Archimedes and SoundHound and their respective directors and
executive officers may be deemed to be participants in the
solicitation of proxies from Archimedes's stockholders in
connection with the proposed transaction. Information about
Archimedes's directors and executive officers and their ownership
of Archimedes's securities is set forth in Archimedes's filings
with the SEC. Additional information regarding the interests of
those persons and other persons who may be deemed participants in
the proposed transaction may be obtained by reading the proxy
statement/prospectus regarding the proposed transaction when it
becomes available. You may obtain free copies of these documents as
described in the preceding paragraph.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211207005360/en/
SoundHound, Inc. Lisa Flattery (408) 441-3294
PR@SoundHound.com
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