Voxware.com Combined News Feed

WERC Annual Conference 2010

Sun, 16 May 2010 11:00:00 -0500

The WERC conference program focuses on exchanging knowledge about how to get the job done, as practitioners, subject matter experts, industry suppliers and academics freely share their experience and ideas. You’ll walk away with new insights on the best ways to optimize resources, maximize productivity and energize performance. May 16-19, 2010 - Anaheim, CA

The 2010 North American Material Handling and Logistics Show

Mon, 26 Apr 2010 00:00:00 -0500

Be sure to join us at one of our upcoming events to hear benefits of integrating WMS with voice. Peter Kok, Director of Supply Chain Process Development of Carter's, will discuss how they have acheived fast implementation at a low cost and their flexibility for the future. April 26-29, 2010 - Cleveland, OH I-X Center

National Conference on Operations & Fulfillment

Mon, 19 Apr 2010 10:09:00 -0500

NCOF 2010 is the premier event focused exclusively on operations and fulfillment education for direct commerce professionals such as yourself. In the past year, many companies faced ongoing challenges such as shorter lead times, increasing customer expectations and raising service levels without raising prices. At NCOF, learn the strategies and solutions to improve the efficiency of your operation, expand service levels while tightening service costs, and increase the productivity of your labor force. Hear what top companies are doing to their operations to be more responsive, knowledgeable, and cost-effective to capitalize revenue and improve customer experience. April 19-21, 2010 - Lake Buena Vista, FL The Walt Disney World Swan and Dolphin Resor

LXE and Voxware Warehouse Optimization Workshop

Wed, 31 Mar 2010 00:00:00 -0500

Be sure to join us at one of our upcoming event to meet with supply chain executives from leading companies and learn how to better leverage your IT and operations investments and understand how to use voice-based warehousing as a supply chain logistics best practice. Come for a day of learning first hand from Laura Venincasa, Director – Industrial Engineering, Finance, Quality Assurance, Packaging, and Training at Neiman Marcus Direct, how voice will optimize your Distribution Center operations with greater accuracy, increased productivity and improved workforce safety. You’ll gain insights on why voice is a best return on your operations investment, with the financial gains accruing straight to the bottom line and join us to enjoy an evening watching the Dallas Stars take on the San Jose Sharks.

March 31, 2010 3:30 PM - Dallas, TX American Airlines Center 1500 Victory Avenue, Dallas, TX 75219 Click here to register for the event.

ADC - Voxware Seminar 2010

Tue, 16 Mar 2010 00:00:00 -0500

Be sure to join us at one of our upcoming event to meet with supply chain executives from leading companies and learn how to better leverage your IT and operations investments and understand how to use voice-based warehousing as a supply chain logistics best practice. Come for a day of learning first hand from Angel Doyle, Manager of DC Information Systems at AutoZone how voice will optimize your Distribution Center operations with greater accuracy, increased productivity and improved workforce safety. You’ll gain insights on why voice is a best return on your operations investment, with the financial gains accruing straight to the bottom line.

March 16, 2010 11:00 AM - 2:00 PM -Memphis, TN Lunch will be provided. Hilton Memphis 939 Ridge Lake Boulevard, Memphis, TN 38120
Click here to register for this event.

Unipro Spring Purchasing Conference

Sun, 14 Mar 2010 00:00:00 -0600

Join us at the 2010 Unipro Spring Purchasing Conference. UniPro Foodservice, Inc.® is the largest foodservice distribution cooperative in the United States. Comprising over 650 shareholder companies with over 900 locations, each distributor is independently owned, marketing the products and services provided by UniPro Foodservice. With a collective sales volume of over $58 billion, the buying power of UniPro enables its members to receive enhanced purchasing opportunities, thereby providing better pricing and a vast array of products and services to their customers.
March 14-17, 2010 - Las Vegas, NV

Voxware Reports Second Quarter Results for Fiscal 2010

Fri, 12 Feb 2010 00:00:00 -0600

HAMILTON, NJ – February 12, 2010 – Voxware, Inc. (Nasdaq: VOXW), a leading supplier of software for voice-driven warehousing operations, reported results for the three and six months ended December 31, 2009. Overall revenues decreased 2% to $3.364 million for the quarter ended December 31, 2009 from $3.449 million during the comparable prior year period. Revenues decreased 9% to $6.111 million for the six months ended December 31, 2009 from $6.703 million during the comparable prior year period. Net loss on a Generally Accepted Accounting Principles (“GAAP”) basis was $528,000 for the quarter ended December 31, 2009, compared to $1.693 million for the comparable prior year period. Net loss on a GAAP basis was $1.743 million for the six months ended December 31, 2009, compared to a net loss of $3.663 million for the six months ended December 31, 2008. Voxware's financial statements for the quarter ended December 31, 2009, can be found in its Form 10-Q filed with the Securities and Exchange Commission on February 12, 2010.

“During our second fiscal quarter, we saw a revenue increase over our first quarter of 22% and only a small 2% decrease from the prior period,” said Scott Yetter, Voxware CEO. “This reporting period concludes the first half of fiscal 2010. As we have previously stated, we took steps to more closely align expenses with expected revenue, and the improvement in our bottom line reflects the initial impact of those steps. Our cash position remains strong at $2.8 million as we move into the second half of the year.”

“Large enterprises continue to seriously evaluate Voxware’s software, and we believe that cost containment projects such as implementing voice in distribution centers will be among the first to be funded as the economic climate improves.”

Net loss on a non-GAAP basis was $152,000 and $1.020 million, respectively, for the three and six months ended December 31, 2009. The difference between the GAAP and non-GAAP net loss is attributable to non-cash stock-based compensation, which was $376,000 and $723,000, respectively for the three and six months ended December 31, 2009. A reconciliation of GAAP measures with non-GAAP measures can be found at the end of this release. About Voxware
Voxware, Inc. (NASDAQ: VOXW), provides voice-driven software products that optimize the full spectrum of warehouse operations for greater accuracy, productivity and flexibility in supply chain execution. Voxware’s corporate headquarters are in Hamilton, New Jersey, with operating offices in Cambridge, Massachusetts, the United Kingdom, and France. Additional information about Voxware can be obtained at http://www.voxware.com. # # # For Additional Information: Voxware
Public Relations Contact:
PR@voxware.com Investor Relations Contact:
William Levering
IR@voxware.com Product/Sales Inquiries:
marketing@voxware.com
609-514-4100 ext. 4122 This news release contains forward-looking statements. Such statements are subject to certain factors that may cause Voxware’s plans to differ or results to vary from those expected including the risks associated with Voxware’s need to introduce new and enhanced products and services in order to increase market penetration and the risk of obsolescence of its products and services due to technological change; Voxware’s need to attract and retain key management and other personnel with experience in providing integrated voice-based solutions for e-logistics, specializing in the supply chain sector; the potential for substantial fluctuations in Voxware’s results of operations; competition from others; Voxware’s evolving distribution strategy and dependence on its distribution channels; the potential that speech products will not be widely accepted; Voxware’s need for additional capital; and a variety of risks set forth from time to time in Voxware’s filings with the Securities and Exchange Commission. Voxware undertakes no obligation to publicly release results of any of these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results. Download PDF Version

Carter’s Deploys Voxware 3 Software for Improved Warehouse Operations

Mon, 21 Dec 2009 00:00:00 -0600

Enterprise Solution Operates on New Motorola WT4090 Voice Only Wearable HAMILTON, NJ – December 21, 2009 – Voxware, Inc. (Nasdaq: VOXW), a leading supplier of software for voice-driven warehousing operations, announced that Carter’s, the world’s number one children’s brand, has selected and deployed its Voxware 3 software. Originally deployed with the Motorola WT4090, Carter’s also operates the Voxware voice solution using the new Motorola WT4090 Voice Only Wearable. “We chose Voxware because they are a software company with a flexible product. We were able to deploy the Motorola VOW without making any changes to either our Voxware or Manhattan Associates applications, and without retraining any employees,” said Peter Kok, Director of Supply Chain Process Development at Carter’s. “The new VOW works flawlessly and delivers excellent results for Carter’s. It’s a great addition to our fulfillment toolset.” “Portability of our solution is a key strategic commitment Voxware has made, and Carter’s has been able to validate our ability in that area,” said Scott Yetter, Voxware CEO. “We worked with Motorola as its new VOW was being readied for market, and were impressed with how well it performed from our initial internal testing right through to actual customer usage in the field.” “Motorola’s new WT4090 Voice Only Wearable computer enables enterprise customers to replace paper-based processes with voice-directed solutions to enable real-time processing, reduce errors and improve decision making,” said Gerald McNerney, vice president of mobile computing product management, Motorola Enterprise Mobility Solutions. “Working closely with Voxware, we are able to provide customers like Carter’s, with a reliable and proven voice solution to improve warehouse operations.” Voxware 3, the configurable voice software product for the warehouse, is expected to be available in the first quarter of 2010 with the Motorola WT4090 VOW. About Voxware Voxware, Inc. (NASDAQ: VOXW), provides voice-driven software products that optimize the full spectrum of warehouse operations for greater accuracy, productivity and flexibility in supply chain execution. Voxware’s corporate headquarters are in Hamilton, New Jersey, with operating offices in Cambridge, Massachusetts, the United Kingdom, Belgium and France. Additional information about Voxware can be obtained at http://www.voxware.com. # # # For Additional Information: Voxware
Public Relations Contact:
PR@voxware.com Investor Relations Contact:
William Levering
IR@voxware.com Product/Sales Inquiries:
marketing@voxware.com
609-514-4100 ext. 4122 This news release contains forward-looking statements. Such statements are subject to certain factors that may cause Voxware’s plans to differ or results to vary from those expected including the risks associated with Voxware’s need to introduce new and enhanced products and services in order to increase market penetration and the risk of obsolescence of its products and services due to technological change; Voxware’s need to attract and retain key management and other personnel with experience in providing integrated voice-based solutions for e-logistics, specializing in the supply chain sector; the potential for substantial fluctuations in Voxware’s results of operations; competition from others; Voxware’s evolving distribution strategy and dependence on its distribution channels; the potential that speech products will not be widely accepted; Voxware’s need for additional capital; and a variety of risks set forth from time to time in Voxware’s filings with the Securities and Exchange Commission. Voxware undertakes no obligation to publicly release results of any of these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results. Download PDF Version

Voxware Awarded AAFES Contract for Voice Software

Tue, 01 Dec 2009 00:00:00 -0600

Army & Air Force Exchange Service Deploys Voxware 3 Hamilton, NJ – December 1, 2009 – Voxware, Inc. (Nasdaq: VOXW), a leading supplier of software for voice-driven warehousing operations, announced that AAFES, the Army & Air Force Exchange Service, has awarded a five year contract to Voxware for the deployment of its Voxware 3 software product. Voxware was selected after a competitive evaluation process. The solution operates on Intermec CN3 voice-enabled wearable computers and is powered by Voxware 3, the configurable voice software product serving the warehousing market. To date the Voxware 3 software product has been deployed in 3 of the 11 AAFES distribution centers worldwide. Future Voxware 3 deployments will progress over the period of the contract. “AAFES is a very large organization with a huge mission to serve a very important community,” said Scott Yetter, Voxware CEO. “When an enterprise of that stature and importance chooses Voxware, it not only pleases us but makes us strive to fulfill the trust that has been placed in us.” About Voxware Voxware, Inc. (NASDAQ: VOXW), provides voice-driven software products that optimize the full spectrum of warehouse operations for greater accuracy, productivity and flexibility in supply chain execution. Voxware’s corporate headquarters are in Hamilton, New Jersey, with operating offices in Cambridge, Massachusetts, the United Kingdom, Belgium and France. Additional information about Voxware can be obtained at http://www.voxware.com. About AAFES The Army & Air Force Exchange Service (AAFES) is a joint command of the U.S. Army and U.S. Air Force, and is directed by a Board of Directors who is responsible to the Secretaries of the Army and the Air Force through the Service Chiefs of Staff. AAFES has the dual mission of providing authorized patrons with articles of merchandise and services and of generating non-appropriated fund earnings as a supplemental source of funding for military Morale, Welfare and Recreation (MWR) programs. To find out more about AAFES' history and mission or to view recent press releases please visit our Web site at http://www.aafes.com/pa/default.asp. # # # For Additional Information: Voxware
Public Relations Contact:
PR@voxware.com Investor Relations Contact:
William Levering
IR@voxware.com Product/Sales Inquiries:
marketing@voxware.com
609-514-4100 ext. 4122 This news release contains forward-looking statements. Such statements are subject to certain factors that may cause Voxware’s plans to differ or results to vary from those expected including the risks associated with Voxware’s need to introduce new and enhanced products and services in order to increase market penetration and the risk of obsolescence of its products and services due to technological change; Voxware’s need to attract and retain key management and other personnel with experience in providing integrated voice-based solutions for e-logistics, specializing in the supply chain sector; the potential for substantial fluctuations in Voxware’s results of operations; competition from others; Voxware’s evolving distribution strategy and dependence on its distribution channels; the potential that speech products will not be widely accepted; Voxware’s need for additional capital; and a variety of risks set forth from time to time in Voxware’s filings with the Securities and Exchange Commission. Voxware undertakes no obligation to publicly release results of any of these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results. Download PDF Version

Voxware Helps Food Banks Streamline Operating Cost

Mon, 23 Nov 2009 00:00:00 -0600

Regional Food Bank of Oklahoma and Harvesters in Kansas City Implement Voxware 3 for Voice Picking Hamilton, NJ – November 23, 2009 – Voxware, Inc. (Nasdaq: VOXW), a leading supplier of software for voice-driven warehousing operations, announced that Regional Food Bank of Oklahoma and Harvesters Community Food Network have implemented its Voxware 3 software product. Both non-profits are members of Feeding America, the nation’s leading hunger relief charity.

“We implemented Voxware to gain additional cost benefits,” said Bill McKnight, Director of Operations for the Regional Food Bank of Oklahoma. “Unlike a for-profit company with a product to sell, we are in the business of giving food to people who need it – all of our operating costs are donated and have to be raised each year – so we have very slim margins.”

“We’ve seen a 10% increase in productivity and think we can do even better,” said Norm Bowers, Chief Operating Officer of Harvesters. “We’re very happy with the system and believe it will help us to continue our tradition of keeping our costs as low as possible.”

Both McKnight and Bowers serve on the Operations and Technology Consortium, a group that identifies and recommends promising technologies for the Feeding America network. The Voxware 3 solution was deployed at the distribution facilities of both organizations in Oklahoma City and Kansas City. “We chose Voxware because we wanted a versatile software product with an open design and a roadmap for the future,” said McKnight.

“Hunger in the United States is a bigger problem than most people realize,” said Scott Yetter, Voxware CEO. “These two food banks serve over 120,000 people every week, and we’re proud that Voxware’s software is lowering cost so that more funds are available to give to people in need.” About Voxware Voxware, Inc. (NASDAQ: VOXW), provides voice-driven software products that optimize the full spectrum of warehouse operations for greater accuracy, productivity and flexibility in supply chain execution. Voxware’s corporate headquarters are in Hamilton, New Jersey, with operating offices in Cambridge, Massachusetts, the United Kingdom, Belgium and France. Additional information about Voxware can be obtained at http://www.voxware.com. About The Regional Food of Oklahoma The Regional Food Bank of Oklahoma is a private, 501(c) (3) nonprofit organization that acts as a link through which the food industry and community may donate food and other goods. The products are then distributed to nearly 700 schools and charitable feeding programs in 53 central and western Oklahoma counties. In the last fiscal year, the Food Bank distributed 28.5 million pounds of food and product to help the charitable community effectively feed people in need. Since its inception in 1980, the Food Bank has distributed more than 321 million pounds of food to feed Oklahoma’s hungry. About Harvesters – The Community Food Network Harvesters is this Kansas City’s only food bank. Covering a 26-county area of northeastern Kansas and northwestern Missouri, Harvesters provides food and related household products to more than 550 not-for-profit agencies including emergency food pantries, soup kitchens, homeless shelters, children’s homes, homes for the mentally disabled and shelters for battered persons. Agencies in Harvesters’ network provide food assistance to more than 60,000 different people each week. Harvesters, which was founded in 1979, is a certified member of Feeding America, a nationwide network of more than 200 food banks, serving all 50 states. For more information, visit www.harvesters.org. # # # For Additional Information: Voxware
Public Relations Contact:
PR@voxware.com Investor Relations Contact:
William Levering
IR@voxware.com Product/Sales Inquiries:
marketing@voxware.com
609-514-4100 ext. 4122 This news release contains forward-looking statements. Such statements are subject to certain factors that may cause Voxware’s plans to differ or results to vary from those expected including the risks associated with Voxware’s need to introduce new and enhanced products and services in order to increase market penetration and the risk of obsolescence of its products and services due to technological change; Voxware’s need to attract and retain key management and other personnel with experience in providing integrated voice-based solutions for e-logistics, specializing in the supply chain sector; the potential for substantial fluctuations in Voxware’s results of operations; competition from others; Voxware’s evolving distribution strategy and dependence on its distribution channels; the potential that speech products will not be widely accepted; Voxware’s need for additional capital; and a variety of risks set forth from time to time in Voxware’s filings with the Securities and Exchange Commission. Voxware undertakes no obligation to publicly release results of any of these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results. Download PDF Version

Voxware Reports First Quarter Results for Fiscal 2010

Fri, 13 Nov 2009 12:49:00 -0600

Worldwide Economic Conditions Contributed to Challenging Quarter

HAMILTON, NJ – November 13, 2009 – Voxware, Inc. (Nasdaq: VOXW), a leading supplier of software for voice-driven warehousing operations, reported results for the quarter ended September 30, 2009. Overall revenues decreased 16% to $2.747 million for the quarter ended September 30, 2009 from $3.254 million during the comparable prior year period. Net loss on a Generally Accepted Accounting Principles (“GAAP”) basis was $1.215 million for the quarter ended September 30, 2009, compared to a net loss of $1.970 million for the comparable prior year period. Voxware's financial statements for the quarter ended September 30, 2009, can be found in its Form 10-Q filed with the Securities and Exchange Commission on November 13, 2009.

“We previously stated that we expected challenging economic conditions to continue into Fiscal 2010, and that has been the case,” said Scott Yetter, Voxware CEO. “In addition to the slow summer months, the overall economy continues to influence spending decisions by current and prospective customers.”

“Our cash position remains strong at $3.8 million, and our debt is low. We have taken further steps to ensure that expenses will be more closely aligned with expected revenue during the second half of fiscal 2010.”

Net loss on a non-GAAP basis was $868,000 for the quarter ended September 30, 2009. The difference between the GAAP and non-GAAP net loss is attributable to non-cash stock-based compensation, which was $347,000 for the quarter ended September 30, 2009. A reconciliation of GAAP measures with non-GAAP measures can be found at the end of this release.

About Voxware

Voxware, Inc. (NASDAQ: VOXW), provides voice-driven software products that optimize the full spectrum of warehouse operations for greater accuracy, productivity and flexibility in supply chain execution. Voxware’s corporate headquarters are in Hamilton, New Jersey, with operating offices in Cambridge, Massachusetts, the United Kingdom, and France. Additional information about Voxware can be obtained at www.voxware.com.

About Non-GAAP Financial Measures

To supplement the consolidated financial statements presented in accordance with GAAP, this press release includes the following measure defined by the Securities and Exchange Commission as a non-GAAP financial measure: non-GAAP net loss. This non-GAAP measure is not based on any comprehensive set of accounting rules or principles and should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and may be different from non-GAAP measures used by other companies. In addition, this non-GAAP measure, the financial statements prepared in accordance with GAAP and reconciliations of Voxware’s GAAP financial statements to such non-GAAP measure should be carefully evaluated.

Management believes that the large amount of stock-based compensation charges incurred during the quarters ended September 30, 2009 and 2008 makes non-GAAP net loss an important metric for investors to value the Company. Non-cash stock-based compensation charges for the quarter ended September 30, 2009 were $347,000 compared to $309,000 in the quarter ended September 30, 2008, an increase of 12%. Accordingly, we believe that non-GAAP net loss, excluding non-cash stock-based compensation costs, are meaningful measures for investors to evaluate our financial performance. Moreover, because of varying available valuation methodologies and the variety of award types that companies can use under current accounting literature, we believe that providing non-GAAP financial measures that exclude non-cash stock-based compensation allows investors to make additional comparisons between our operating results to those of other companies. The presentation of non-GAAP net loss, when read in conjunction with our reported GAAP results, can provide useful supplemental information to our management and investors regarding financial and business trends relating to our financial condition and results of operations.

Stock-based compensation has been and will continue to be for the foreseeable future a significant recurring expense in our business. In addition, other companies may calculate non-GAAP financial measures differently than us, thereby limiting the usefulness of these non-GAAP financial measures as a comparative tool. We compensate for this limitation by providing specific information regarding the GAAP amounts excluded from the non-GAAP net profit and evaluating such non-GAAP financial measures with financial measure calculated in accordance with GAAP.

# # #

For Additional Information:

Voxware
Public Relations Contact:
PR@voxware.com

Investor Relations Contact:
William Levering
IR@voxware.com

Product/Sales Inquiries:
marketing@voxware.com
609-514-4100 ext. 4122

This news release contains forward-looking statements. Such statements are subject to certain factors that may cause Voxware’s plans to differ or results to vary from those expected including the risks associated with Voxware’s need to introduce new and enhanced products and services in order to increase market penetration and the risk of obsolescence of its products and services due to technological change; Voxware’s need to attract and retain key management and other personnel with experience in providing integrated voice-based solutions for e-logistics, specializing in the supply chain sector; the potential for substantial fluctuations in Voxware’s results of operations; competition from others; Voxware’s evolving distribution strategy and dependence on its distribution channels; the potential that speech products will not be widely accepted; Voxware’s need for additional capital; and a variety of risks set forth from time to time in Voxware’s filings with the Securities and Exchange Commission. Voxware undertakes no obligation to publicly release results of any of these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results.

Download PDF Version

Tawa Supermarket Implements Voxware 3 to Voice-Enable DC Operations

Fri, 13 Nov 2009 00:00:00 -0600

SAP Integration Results in Fast and Effective Deployment Hamilton, NJ – November 16, 2009 – Voxware, Inc. (Nasdaq: VOXW), a leading supplier of software for voice-driven warehousing operations, announced that Tawa Supermarket, Inc., has implemented its Voxware 3 software product.

“Continuous innovation is one of Tawa’s core business principles,” said Jonson Chen, Vice President of Real Estate. “We are active in implementing new technologies when they can make a positive, practical difference in our business. A second guiding principle is our commitment to invest in human resources, and to help every employee reach his or her full potential. Voxware 3 is a great example of how we put both of those principles into practice.”

The Voxware 3 solution was configured and deployed in four weeks. Originally used with Tawa’s legacy WMS, the Voxware 3 application was ported after just four months to SAP. Working in tandem with Tawa’s IT organization, Voxware accomplished the migration to SAP in less than three weeks. Workers continued to use the same processes and voice dialogs after the cutover to SAP. Voxware 3 works in real time with SAP, ensuring that store orders are fulfilled accurately.

“We were able to start using Voxware’s voice software right away, and then move to SAP at a later scheduled date,” said Chen. “We lost no operational time, workers did not need to be retrained, and we kept building our effectiveness in using the Voxware system.”

“Voxware is pleased with our SAP integration, but we are even more pleased in the non-disruptive way Tawa was able to put it into production,” said Scott Yetter, Voxware CEO. “Most voice solutions are so heavily connected to the WMS that reprogramming is nearly always needed when moving from one system or version to the next. We designed Voxware 3 to seamlessly integrate with SAP and other WMS packages, and Tawa’s experience is living proof that our approach works.”

VoxConnect is the integration software layer within the Voxware 3 product. It shields the voice applications from becoming inflexibly linked to the WMS. This gives Voxware customers greater operational agility, since many changes to voice business processes can be made without impacting the underlying WMS system. About Voxware Voxware, Inc. (NASDAQ: VOXW), provides voice-driven software products that optimize the full spectrum of warehouse operations for greater accuracy, productivity and flexibility in supply chain execution. Voxware’s corporate headquarters are in Hamilton, New Jersey, with operating offices in Cambridge, Massachusetts, the United Kingdom, Belgium and France. Additional information about Voxware can be obtained at http://www.voxware.com. About Tawa Supermarket Inc. Tawa Supermarket Inc. was established in 1984 with the opening of the first store in Westminster, California (Little Saigon). For more than 20 years, Tawa has satisfied the needs of Asian immigrants by providing them with their hometown flavors. Today, Tawa has twenty-four full-service stores in California and four in Washington, Nevada, Texas.

# # # For Additional Information: Voxware
Public Relations Contact:
PR@voxware.com Investor Relations Contact:
William Levering
IR@voxware.com Product/Sales Inquiries:
marketing@voxware.com
609-514-4100 ext. 4122 This news release contains forward-looking statements. Such statements are subject to certain factors that may cause Voxware’s plans to differ or results to vary from those expected including the risks associated with Voxware’s need to introduce new and enhanced products and services in order to increase market penetration and the risk of obsolescence of its products and services due to technological change; Voxware’s need to attract and retain key management and other personnel with experience in providing integrated voice-based solutions for e-logistics, specializing in the supply chain sector; the potential for substantial fluctuations in Voxware’s results of operations; competition from others; Voxware’s evolving distribution strategy and dependence on its distribution channels; the potential that speech products will not be widely accepted; Voxware’s need for additional capital; and a variety of risks set forth from time to time in Voxware’s filings with the Securities and Exchange Commission. Voxware undertakes no obligation to publicly release results of any of these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results. Download PDF Version

November 2009 Edition: The Cost of Doing Nothing

Sun, 01 Nov 2009 00:00:00 -0500

Today DC operations are challenged with meeting the high demands of customers while maintaining...

Voxware Selected by Canadian 3PL Progistix to Enhance Picking Process at SAP Location

Tue, 06 Oct 2009 00:00:00 -0500

Progistix Handles Distribution for Bell, Canada’s Largest Telephone and Communications Company. Hamilton, NJ – October 6, 2009 – Voxware, Inc. (Nasdaq: VOXW), a leading supplier of software for voice-driven warehousing operations, announced that Progistix, a member of SCI Group Inc. and one of Canada’s largest third party solutions providers has implemented the Voxware 3 voice directed picking solution at their customer site, Bell, Canada’s largest telephone and communications company. Voxware 3 is seamlessly integrated with SAP, the warehouse management system in use at the site. At Progistix, pickers select a variety of small electronic parts, small coils of wire, ladders and fuses, in a batched pick. SAP WM 6.0 clusters these orders together based on order profiles and the warehouse layout. The voice system then directs the picker to select items for the orders and where to place them on rolling carts to correctly fulfill the orders. Voxware 3 uses web services to facilitate this real-time integration with SAP. Exceptions, such as shorts, skips or over picks are handled by Voxware 3. The voice system can also validate handling units with SAP in real-time and send notifications back to the WMS once assignments are complete. “The implementation at Progistix is a great example of how Voxware can integrate directly with leading WMS vendors such as SAP,” said Scott Yetter, CEO of Voxware. We are certain that the market driven product which we have created will save our customers time and money.” Since their voice implementation, Progistix has seen an improvement in both productivity and accuracy levels. Current order accuracy rates are at 99.9 percent, which helps the field technicians to be more productive and, in turn, lowers supply chain costs and improves customer service for Bell. “We’re a company that focuses on developing innovative solutions for our clients that improve performance and eliminate costs. That sets us apart from our competitors,” explains Shari Pedersen, Director of Operations. “With voice, we see efficiency gains over people selecting with RF handheld units. It allows our workers to be more organized overall. Voice creates momentum for the pickers to continually keep them on track and productive,” adds Pedersen. “Employee feedback has also been very positive. Voice users like having their hands free throughout the entire picking process.” About Progistix Progistix, established in 1995, designs, implements and operates outsourced solutions for major corporations in Canada and for international companies expanding into the Canadian market. They are a leading third-party logistics partner for companies requiring field service logistics and critical parts network solutions. For more information on Progistix, visit www.progistix.com. About Voxware Voxware, Inc. (NASDAQ: VOXW), provides voice-driven software products that optimize the full spectrum of warehouse operations for greater accuracy, productivity and flexibility in supply chain execution. Voxware’s corporate headquarters are in Hamilton, New Jersey, with operating offices in Cambridge, Massachusetts, the United Kingdom, Belgium and France. Additional information about Voxware can be obtained at http://www.voxware.com. # # # For Additional Information: Voxware
Public Relations Contact:
PR@voxware.com Investor Relations Contact:
William Levering
IR@voxware.com Product/Sales Inquiries:
marketing@voxware.com
609-514-4100 ext. 4122 This news release contains forward-looking statements. Such statements are subject to certain factors that may cause Voxware’s plans to differ or results to vary from those expected including the risks associated with Voxware’s need to introduce new and enhanced products and services in order to increase market penetration and the risk of obsolescence of its products and services due to technological change; Voxware’s need to attract and retain key management and other personnel with experience in providing integrated voice-based solutions for e-logistics, specializing in the supply chain sector; the potential for substantial fluctuations in Voxware’s results of operations; competition from others; Voxware’s evolving distribution strategy and dependence on its distribution channels; the potential that speech products will not be widely accepted; Voxware’s need for additional capital; and a variety of risks set forth from time to time in Voxware’s filings with the Securities and Exchange Commission. Voxware undertakes no obligation to publicly release results of any of these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results. Download PDF Version

Voxware Reports Results for Fourth Quarter and Year Ended June 30,2009

Mon, 28 Sep 2009 14:10:00 -0500

Revenue Rebounds in Second Half, Cash Position Strengthened by June Equity Funding

Hamilton, NJ – September 28, 2009 – Voxware, Inc. (Nasdaq: VOXW), a leading supplier of software for voice-driven warehousing operations, reported results for the fourth quarter and year ended June 30, 2009. Total revenues decreased 39% to $3.803 million for the quarter ended June 30, 2009 from $6.207 million during the comparable prior year period. Revenues decreased 38% to $14.527 million for the year ended June 30, 2009 from $23.384 million during the comparable prior year period. Net loss on a Generally Accepted Accounting Principles (“GAAP”) basis was $603,000 for the quarter ended June 30, 2009, compared to a net profit of $66,000 for the comparable prior year period. Net loss on a GAAP basis was $4.826 million for the year ended June 30, 2009, compared to a net profit of $585,000 for the year ended June 30, 2008. Voxware's financial statements for the year ended June 30, 2009, can be found in its Form 10-K filed with the Securities and Exchange Commission on September 28, 2009.

Net profit (loss) on a non-GAAP basis was $97,000 and ($3.209) million, respectively, for the three months and year ended June 30, 2009. The difference between the GAAP and non-GAAP net loss is attributable to non-cash stock-based compensation, which was $700,000 and $1.617 million, respectively for the three months and year ended June 30, 2009. A reconciliation of GAAP measures with non-GAAP measures can be found at the end of this release.

“Revenue increased 17% during the second half of the fiscal year over the first half, which enabled us to operate cash flow positive for the past six months,” said Scott Yetter, Voxware CEO. “Furthermore, our cash balance is even stronger than it was a year ago, as we added $2.5 million in equity funding in June 2009. The Company had $4.3 million in cash at June 30, 2009.”

“We are confident that cost containment projects such as implementing voice in distribution centers will be among the first to be funded as the economic climate improves, and we believe that the steps we have taken position Voxware to better serve increased market demand as it occurs.”

About Voxware

# # #

For Additional Information:

Voxware
Public Relations Contact:
PR@voxware.com

Investor Relations Contact:
William Levering
IR@voxware.com

Product/Sales Inquiries:
marketing@voxware.com
609-514-4100 ext. 4122

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Voxware Releases First Voice Software Product for Pick and Pass Warehouse Operations

Fri, 24 Jul 2009 15:23:00 -0500

Release 3.1 of Voxware 3 also Extends Configurability, Scalability and Portability

Hamilton, NJ – July 27, 2009 – Voxware, Inc. (Nasdaq: VOXW), a leading supplier of software for voice-driven warehousing operations, announced that release 3.1 of its flagship Voxware 3 software product is now generally available.

Release 3.1 is a major upgrade that reinforces Voxware’s commitment to portability with support for new mobile devices, improves scalability, and extends voice applications with new advanced features.

One advanced feature is Variable Pick and Pass – a workflow with many choices for driving the process of passing containers when more than one worker is needed to complete order selection. The ability to configure various picking processes responds to a key need for many distributors of such diverse products as books, auto parts, and consumer packaged goods.

“We are continuing to do something unique in the voice industry – delivering successive releases of a packaged voice software product,” said Scott Yetter, Voxware CEO. “Plenty of vendors create customized solutions that are frozen in time and expensive to change. Voxware, on the other hand, has delivered a true software product with a release schedule and new capabilities customers can leverage over time.”

Beyond Variable Pick and Pass, Release 3.1 also delivers Dynamic Loading – an industry-unique adaptive workflow that gives supervisors unprecedented flexibility and control over the validation of loads, pallets, trailers, and doors that must be managed every day in shipping orders on time and error-free. Style-Color-Size voice-enables product handling for Voxware’s growing cadre of soft goods retailers, distributors, and manufacturers. Another enhancement is Advanced Container Management – an array of configurable options that supports the increasingly sophisticated container handling requirements of modern warehousing operations.

In all, Release 3.1 contains over 25 major enhancements, upgraded features, and improved workflow capabilities.

About Voxware

# # #

For Additional Information:

Voxware
Public Relations Contact:
PR@voxware.com

Investor Relations Contact:
William Levering
IR@voxware.com

Product/Sales Inquiries:
marketing@voxware.com
609-514-4100 ext. 4122

This news release contains forward-looking statements. Such statements are subject to certain factors that may cause Voxware’s plans to differ or results to vary from those expected including the risks associated with Voxware’s need to introduce new and enhanced products and services in order to increase market penetration and the risk of obsolescence of its products and services due to technological change; Voxware’s need to attract and retain key management and other personnel with experience in providing integrated voice-based solutions for e-logistics, specializing in the supply chain sector; the potential for substantial fluctuations in Voxware’s results of operations; competition from others; Voxware’s evolving distribution
strategy and dependence on its distribution channels; the potential that speech products will not be widely accepted; Voxware’s need for additional capital; and a variety of risks set forth from time to time in Voxware’s filings with the Securities and Exchange Commission. Voxware undertakes no obligation to publicly release results of any of these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results.

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July 2009 Edition: Voice in Action

Wed, 01 Jul 2009 00:00:00 -0500

In each newsletter, Voxware will invite readers to submit questions about Voice technology and then...

Voice Broadens Its Horizons

Wed, 01 Jul 2009 00:00:00 -0500

The verdict is in and there’s very little debate: Voice-directed picking has proven time and again that it can help companies make significant strides in productivity, accuracy, and safety improvement. By converting pick lists to voice commands and transmitting them to workers via headsets linked to wearable, mobile computers over wireless networks, voice allows workers to free their hands and eyes for the most important task at hand—the picking of product. And by all accounts, interest in voice, especially in grocery and retail verticals, is not expected to wane anytime soon.

Voxware Announces $2.5 Million Financing

Tue, 30 Jun 2009 00:00:00 -0500

Investment Led by Cross Atlantic Capital Partners with Participation by Edison Venture Fund Hamilton, NJ – June 30, 2009 – Voxware, Inc. (Nasdaq: VOXW), a leading supplier of software for voice-driven warehousing operations, announced it has executed transaction documents for a private placement of 1,428,571 shares of its common stock, $0.001 par value (the “Common Stock”), at $1.75 per share (the “Private Placement”). The Company anticipates closing on or about June 30, 2009. Aggregate gross proceeds to the Company will be approximately $2.5 million before expenses.

In connection with the Private Placement, the Company also issued warrants to purchase 142,857 shares of the Company’s Common Stock which will not be exercisable until the six (6) month anniversary of the date of issuance and shall expire three (3) years from the date of issuance, at an exercise price of $2.50 per share. “At Voxware we have a number of initiatives in process that continue our tradition of software innovation,” said Scott Yetter, CEO of Voxware. “This financing enables us to accelerate those initiatives as well as increase funding of our sales and marketing programs.”

“As a long-time investor in Voxware, we are pleased with the Company’s ability to deliver game-changing software to the market for voice-enabled distribution centers,” said Donald Caldwell, Chairman and Chief Executive Officer of Cross Atlantic Capital Partners Inc. “We are eager to help fund an acceleration of Voxware’s product strategy.” About Voxware Voxware, Inc. (NASDAQ: VOXW), provides voice-driven software products that optimize the full spectrum of warehouse operations for greater accuracy, productivity and flexibility in supply chain execution. Voxware’s corporate headquarters are in Hamilton, New Jersey, with operating offices in Cambridge, Massachusetts, the United Kingdom, and France. Additional information about Voxware can be obtained at www.voxware.com. # # # For Additional Information: Voxware
Public Relations Contact:
PR@voxware.com Investor Relations Contact:
William Levering
IR@voxware.com Product/Sales Inquiries:
marketing@voxware.com
609-514-4100 ext. 4122 This news release contains forward-looking statements. Such statements are subject to certain factors that may cause Voxware’s plans to differ or results to vary from those expected including the risks associated with Voxware’s need to introduce new and enhanced products and services in order to increase market penetration and the risk of obsolescence of its products and services due to technological change; Voxware’s need to attract and retain key management and other personnel with experience in providing integrated voice-based solutions for e-logistics, specializing in the supply chain sector; the potential for substantial fluctuations in Voxware’s results of operations; competition from others; Voxware’s evolving distribution
strategy and dependence on its distribution channels; the potential that speech products will not be widely accepted; Voxware’s need for additional capital; and a variety of risks set forth from time to time in Voxware’s filings with the Securities and Exchange Commission. Voxware undertakes no obligation to publicly release results of any of these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results. Download PDF Version

Royal 4 Systems Integrates Voxware's Voice Solution With W.I.S.E. Warehouse Management System

Mon, 22 Jun 2009 15:09:00 -0500

Voice Picking Solution Increases efficiency for Royal 4 Supply Chain Customers

Hamilton, NJ – June 22, 2009 – Voxware, Inc. (NASDAQ: VOXW), a leading supplier of software for voice-driven warehousing operations and Royal 4 Systems, a world leading Supply Chain software provider announced today the strategic integration of Voxware’s voice solution with Royal 4’s Warehouse Management System (WMS). Royal 4 Systems will resell Voxware’s open voice software product for the supply chain, thus providing a completely hands free picking environment for Royal 4 customers.

“Many of our clients have expressed the need to expand their options when it comes to managing the traditional picking process. They want to have options available for optimum system configuration,” says Jess Noguera, President of Royal 4 Systems. “Voxware is also easy to configure and as a result,” continues Noguera, “Royal 4 can rapidly adapt to changes in our customers’ environments and warehouse business processes and get voice solutions up and running in a much shorter time.”

“The strategic integration of Voxware’s open voice software solutions with Royal 4 Systems validates our standards-based approach in the industry,” said Scott Yetter, CEO of Voxware. “As we look to deploy our voice software solutions to more clients across distribution centers in a variety of industries, we are excited to partner with innovative WMS providers such as Royal 4 Systems.”

About Royal 4 Systems

Royal 4 is an international supply chain solution company. For over 25 years, Royal 4 Systems has been providing leading software solutions for the distribution, logistics, and manufacturing segments of the supply chain. These solutions service many mainstream vertical markets including automotive, medical, textiles, apparel, Industrial and consumer products. Their staff of seasoned professionals has spent decades of research and development in solving some of the most difficult challenges facing supply chain management. They know from years of cooperation and partnership exactly what their client’s requirements are, and they strive to fulfill those requirements in every aspect of their business. You can find them on the Internet at www.royal4.

About Voxware

# # #

For Additional Information:

Voxware
Public Relations Contact:
PR@voxware.com

Investor Relations Contact:
William Levering
IR@voxware.com

This news release contains forward-looking statements. Such statements are subject to certain factors that may cause Voxware’s plans to differ or results to vary from those expected including the risks associated with Voxware’s need to introduce new and enhanced products and services in order to increase market penetration and the risk of obsolescence of its products and services due to technological change; Voxware’s need to attract and retain key management and other personnel with experience in providing integrated voice-based solutions for e-logistics, specializing in the supply chain sector; the potential for substantial fluctuations in Voxware’s results of operations; competition from others; Voxware’s evolving distribution
strategy and dependence on its distribution channels; the potential that speech products will not be widely accepted; Voxware’s need for additional capital; and a variety of risks set forth from time to time in Voxware’s filings with the Securities and Exchange Commission. Voxware undertakes no obligation to publicly release results of any of these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results.

Download PDF Version

Somerfield Deploys Major Expansion of Voxware Voice

Tue, 16 Jun 2009 00:00:00 -0500

Solution Boosts Productivity in Fresh Distribution Centre Operations and Integrates with Infor WMS Reading, England – June 16, 2009 – Voxware, Inc. (NASDAQ: VOXW), a leading supplier of software for voice-driven warehousing operations, announced that Somerfield Stores, the UK high street supermarket company, has deployed a major expansion of voice picking technology based upon the company’s Voxware 3 software product. “We designed a way to significantly improve worker productivity using Voxware 3, and we are achieving what we set out to do,” said Andrew Hubbard, Head of Distribution Support and Service at Somerfield. “We’ve been Voxware customers for a long time, and took advantage of this project to move to their latest software platform, Voxware 3, which is now integrated with our Infor WMS and gives us the benefits of a packaged software product, openness, and flexibility for the future.” The new voice solution was first implemented in the fresh products area as a flow-through (pick-byline) operation, initially at the Somerfield site in Pitreavie, Scotland. Now approaching full deployment, the voice solution will operate in four large distribution centres, optimizing the work of 400 operatives. “Somerfield had a clear vision of what they wanted to accomplish, and what technology stack they wanted to use,” said Gareth Giles Knopp, Managing Director of Voxware UK. “We are pleased with the results being produced by our Voxware 3 software, and the benefits that are being realised by Somerfield.” About Somerfield Somerfield operates over 800 stores across the UK with nine out of 10 located in town centre or neighbourhood locations. The supermarket employs over 42,000 colleagues and has more than nine million customer visits every week. Somerfield was acquired in March ‘09 by the Co-op. About Voxware UK Ltd Voxware’s UK offices are located in Theale, near Reading. The office is a full-service operation, providing sales, delivery, and support services to customers in the UK and across the EMEA region. About Voxware Voxware, Inc. (NASDAQ: VOXW), provides voice-driven software products that optimize the full spectrum of warehouse operations for greater accuracy, productivity and flexibility in supply chain execution. Voxware’s corporate headquarters are in Hamilton, New Jersey, with operating offices in Cambridge, Massachusetts, the United Kingdom, and France. Additional information about Voxware can be obtained at www.voxware.com. # # # For Additional Information: Voxware
Public Relations Contact:
PR@voxware.com Investor Relations Contact:
William Levering
IR@voxware.com Product / Sales Inquiries
EMEA Sales Contact:
marketing-emea@voxware.com This news release contains forward-looking statements. Such statements are subject to certain factors that may cause Voxware’s plans to differ or results to vary from those expected including the risks associated with Voxware’s need to introduce new and enhanced products and services in order to increase market penetration and the risk of obsolescence of its products and services due to technological change; Voxware’s need to attract and retain key management and other personnel with experience in providing integrated voice-based solutions for e-logistics, specializing in the supply chain sector; the potential for substantial fluctuations in Voxware’s results of operations; competition from others; Voxware’s evolving distribution
strategy and dependence on its distribution channels; the potential that speech products will not be widely accepted; Voxware’s need for additional capital; and a variety of risks set forth from time to time in Voxware’s filings with the Securities and Exchange Commission. Voxware undertakes no obligation to publicly release results of any of these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results. Download PDF Version

Voxware Appoints UK Managing Director

Wed, 20 May 2009 15:13:00 -0500

Industry Veteran Tapped to Manage Growing Business

Reading, England – May 20, 2009 – Voxware, Inc. (Nasdaq: VOXW), a leading supplier of software for voice-driven warehousing operations, announced that Gareth Giles Knopp has been appointed Managing Director of its UK subsidiary. Mr. Giles Knopp will direct Voxware’s operation in the United Kingdom, as well as manage business development in targeted EMEA markets.

Mr. Giles Knopp is a veteran of the supply chain software industry; before joining Voxware he spent 7 years with Dallas Systems then EXE Technologies, working with many companies and implementing WMS best practices- throughout Europe and the Middle East. He then spent 3 years as General Manager of Software Professional Services for Swisslog (UK) Ltd where his responsibility focused on management of all projects and software development for Swisslog’s implementations. He has been with Voxware since 2004 when he established the UK business, most recently as Director of Business Development in EMEA.

“Some of the UK’s leading companies, including Waitrose, Argos and Somerfield depend on Voxware for their voice-directed warehousing operations,” said Scott Yetter, Voxware CEO. “Gareth has been instrumental in expanding our customer relationships and increasing our business. He is ideally suited to take our UK business to the next level.”

About Voxware UK Ltd

Voxware’s UK offices are located in Theale, near Reading. The office is a full-service operation, providing sales, delivery, and support services to customers in the UK and across the EMEA region.

About Voxware
Voxware, Inc. (NASDAQ: VOXW), provides voice-driven software products that optimize the full spectrum of warehouse operations for greater accuracy, productivity and flexibility in supply chain execution. Voxware’s corporate headquarters are in Hamilton, New Jersey, with operating offices in Cambridge, Massachusetts, the United Kingdom, and France. Additional information about Voxware can be obtained at www.voxware.com.

# # #

For Additional Information:

Voxware
Public Relations Contact:
PR@voxware.com

Investor Relations Contact:
William Levering
IR@voxware.com
609-514-4100

This news release contains forward-looking statements. Such statements are subject to certain factors that may cause Voxware’s plans to differ or results to vary from those expected including the risks associated with Voxware’s need to introduce new and enhanced products and services in order to increase market penetration and the risk of obsolescence of its products and services due to technological change; Voxware’s need to attract and retain key management and other personnel with experience in providing integrated voice-based solutions for e-logistics, specializing in the supply chain sector; the potential for substantial fluctuations in Voxware’s results of operations; competition from others; Voxware’s evolving distribution
strategy and dependence on its distribution channels; the potential that speech products will not be widely accepted; Voxware’s need for additional capital; and a variety of risks set forth from time to time in Voxware’s filings with the Securities and Exchange Commission. Voxware undertakes no obligation to publicly release results of any of these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unexpected results.

Download PDF Version