SVOX successfully concludes second financing round

Siemens Mobile Acceleration (smac) recognizes leadership and promise of SVOXs embedded text-to-speech technology

Zurich, 29 September 2003
SVOX AG, the Swiss specialist for embedded and server-based text-to-speech (TTS) technology, announced today the successful completion of the companys second round of funding. Siemens Mobile Acceleration (smac), a leading investor into wireless communication, as well as private investors have renewed their commitment in this growing Swiss company.
This additional strategic investment by smac represents an important validation of our strength in the market and our vision to continue to be the leaders in the embedded text-to-speech technology" said Volker Jantzen, CEO of SVOX AG. With this enhanced financial backing, SVOX will accelerate the expansion of its sales and marketing activities, bringing SVOX to a financial break-even by 2004."

Dr. Dietrich Ulmer, CEO and President of Siemens Mobile Acceleration, added: SVOX is an attractive investment - the latest customer wins demonstrate that clearly. Most importantly, SVOX is the premier vendor for text-to-speech, meeting the mobile device and automotive industrys demands. The company also fits perfectly into our mission of serving as strategic partner, developing early-stage companies in every business aspect".

SVOX develops products for embedded and server-based applications such as mobile devices, automotive, consumer electronics, call centers, and voice portals. The modular SVOX TTS engine covers the complete range of text-to-speech applications -- from highly scalable server-based systems to the lowest footprint solutions. Languages and voices initially developed for one product line are automatically available on all SVOX TTS systems. This scalability together with SVOXs unique voice conversion technology allows customers to brand their products with their own individual voice on a variety of platforms.

SVOX -- A Brief Company Profile
SVOX AG was founded in April 2000 as a spin-off of the Swiss Federal Institute of Technology in Zurich (ETH Zurich). Its core product is text-to-speech software. The multiple award-winning SVOX technology is used in fields such as telecommunications, automotive technology, mobile devices and call centers. SVOX already belongs to an elite group of global technology leaders. SVOX differentiates itself by offering customized text-to-speech. With SVOXs software architecture customers are offered a text-to-speech engine adaptable to their technical and market needs. SVOX collaborates closely with partners such as Harman-Becker, VoiceGenie, Telisma, Siemens, Code-Factory, Asahi-KASEI and A.R.T.
SVOX is a Swiss-based company, with representation in Germany, Austria and USA. Next to European markets, SVOX is also active in US and Asian markets.

About Siemens Mobile Acceleration
Siemens Mobile Acceleration GmbH (smac) is a wholly owned subsidiary of the Siemens Information and Communication Mobile Group of Siemens AG. Siemens Mobile Acceleration fosters early stage start-ups that focus on wireless applications and technologies for mobile communication by providing funding and strategic counsel. Headquartered in Munich, Germany, Siemens Mobile Acceleration is globally present in Europe, Asia and North America. For more information on smac please visit www.siemensmobileacceleration.com