August 25, 2014 (www.investorideas.com newswire) With over a decade of advanced R&D, WordLogic is a global leader in predictive text input technology. The Vancouver-based company is also the innovative force behind a cutting-edge predictive text technology for touchscreen devices ranging from smartphones and tablets to even keyboard-enabled phones and PCs. By predicting entire phrases or sentences and retrieving contextual data from multiple source-points, WordLogic’s technology greatly accelerates mobile communications and information-access.
This innovation comes at a time when mobile device use in consumer and business settings is exploding. According to the The Radicati Group, there are about 5.6 billion users—both consumers and businesses— worldwide, and the research firm projects this global user base will climb to 6.2 billion in 2018. As more companies continue to adopt mobile devices in their workplace operations and processes, the value of technologies that enable more rapid data entry grows.
Two of WordLogic's patented predictive input solutions, its Wordchunking™ and Gesturing™ technologies, meet this growing demand. The Wordchunking™ technology predicts entire phrases or sentences while other predictive text solutions only offer single-word predictions. The Gesturing™ technology offers value by enabling workers to more rapidly enter industry-particular or even company-specific phrases and sentences into their devices, whether they are in an office location or out in the field.
A cloud-based company dictionary powers the predictive input and can easily be centrally managed and updated. This dictionary can be customized for the needs of organizations ranging from small-to-medium enterprises to specific departments within large-scale corporations. With these rapid input capabilities at their disposal, companies can markedly enhance their workforce productivity and efficiency. WordLogic is capable of integrating its technologies into existing information technology infrastructures and deploying them across an entire workforce with ease.
WordLogic 's technologies are especially suited for the specific needs of organizations in four industry sectors: healthcare, utilities, legal services, and consumer electronics. In a recent development, WordLogic sold the exclusive rights of its text input solutions for legal enterprises to a Virginia-based private equity group for a one-time payment of $1 million. According to the agreement, the group will pay WordLogic a 10% royalty on all sales and 15% annual software maintenance fees on all sales. WordLogic will be obliged to provide a commercial product incorporating its iKnowU® and REACH™ technologies to enhance the efforts of small-to-medium-sized law firms in creating and researching legal documents.
WordLogic's well-known iKnowU® technology is an award-winning innovation, as it recently won acclaim from Frost & Sullivan and at the CTIA Las Vegas 2013 for its application value across multiple sectors and its strong market potential. WordLogic has also adapted its REACH™ technology for opportunities for marketers and advertisers, as it enables the timely delivery of money-saving deals or helpful information relating to specific content within a user's emails or texts.
More information about WordLogic and its technologies can be found at www.wordlogic.com
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