Adobe Renews Long Standing License for Franklin’s Spelling, Hyphenation, and Thesaurus Technology
BURLINGTON, New Jersey – August 6, 2008 – Franklin Electronic Publishers, Inc. (AMEX:FEP), through its Proximity Technology Division, today announced that Adobe Systems, Inc., the leading provider of graphic design and publishing software worldwide, has extended the term of its long standing license for four years beginning October 1, 2008 for Proximity’s spelling error detection and correction, hyphenation, and thesaurus software .
Through its Proximity Technology Division, Franklin designs and licenses to third parties easy to implement, modular software solutions that run in all architectures to provide spelling error detection and correction, hyphenation, dictionary and thesaurus functionality, in addition to recently implemented word translation assistance across a range of languages. Proximity technology was selected for the products of Adobe as far back as 1988 and these and other Adobe products have used Proximity technology continuously for the past twenty years.
“Adobe Systems has once again recognized the power and the value of our linguistic solutions,” said Barry Lipsky, President and CEO. “With this latest renewal we approach a quarter of a century of providing the best in class spell correction, hyphenation and thesaurus function to the preeminent leader in design, multimedia and desktop publishing applications. Adobe’s selection of our Proximity linguistic solutions once again underscores that we are really the only choice for serious application software providers and web services companies that wish to make their products available on a truly global basis.”
Franklin will recognize revenues of approximately $6.9 million over the newly extended four year term of the license beginning in its quarter ending December 31, 2008.
About Proximity Technology
Proximity Technology develops and licenses linguistic solution software that performs spelling error detection and correction, hyphenation, thesaurus, translation and dictionary functions, in conjunction with databases of words in thirty six languages and dialects. Proximity Technology software is used in mobile, desktop, server and web-based computer applications and can be ported to work with any operating system. Proximity’s customers include preeminent companies such as Sun Microsystems, Inc. and HCA Information Technology and Services Inc. More information is available at www.proximitytechnology.com.
Franklin Electronic Publishers Incorporated (AMEX:FEP) is a world leader in electronic handheld information, having sold approximately 40,000,000 electronic books since 1986. Current titles available directly or through partners number more than 52,000 in sixteen languages under license from world class publishers, such as Merriam-Webster and HarperCollins, focused in five genres: Learning, Language Learning, Travel, Spiritual, and Leisure. The Company also licenses its underlying technology to an array of partners including Adobe, Sun Microsystems and Ademco (a division of Honeywell). Franklin distributes ROLODEX(R) Electronics branded organisers worldwide and SEIKO branded reference products in North and South America, Australia and the European Community. Franklin’s products are available at 49,000 retail outlets worldwide, through catalogues, and online at www.franklin.com/au.
ROLODEX® is a registered trademark of Berol Corporation, a subsidiary of Newell Rubbermaid Inc. SEIKO is a registered trademark of SEIKO Corporation.
Except for the historical information contained herein, the matters discussed throughout this release, including, but not limited to, those that are stated as Franklin’s belief or expectation or preceded by the word “should” are forward looking statements that involve risks to and uncertainties in Franklin’s business, including those that may be detailed from time to time in Franklin’s reports filed with the Securities and Exchange Commission.
07 August 2008