Cairo & Abu Dhabi, May 10th  2004: PACC Electronic Engineering & Emerging Technologies announced today the signing of a joint venture agreement whereby a new company will be formed and named SPEAKATEL. The new company will focus on the delivery of Arabic and multilingual speech recognition solutions and services to the local and international markets with initial launch from offices in Dubai, UAE and Cairo, Egypt as well as Kuwait city, Kuwait.
 
“With over 30 years in developing and growing businesses in the technology sector, speech recognition was just the icing on the cake” said Mr. Ahmed Khalil, Chairman of Univest Group. He then added “Emerging Technologies is the right launching pad and foundation for the success of SPEAKATEL.”
 
“With Emerging Technologies our vision was to create a world class company with international outlook from Abu Dhabi, UAE that will innovate and deliver the latest in Arabic and multilingual speech solutions” said Mr. Saeed Al-Romaithi, Chairman of Emerging Technologies. He then added “With PACC Electronic Engineering our vision will be achieved through SPEAKATEL”.
 
“We are quite excited about this new venture” said Mr. Mohammed Gad, Managing Director of PACC Electronic Engineering.

“SPEAKATEL will be the provider of multilingual speech products and services to the local and international market, thus enabling people to become e-citizens and access a multitude of government and private services using their own natural voice and a telephone” Mr. Gad Added.
 
“Emerging Technologies’ team continuous innovation, persistence and perseverance just paid off” said Mr. Sassine Mazraani, Managing Director, Emerging Technologies. “While Emerging Technologies remains the innovator, SPEAKATEL will be the driver.”
 
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About PACC Electronic Engineering
PACC Engineering Co. is one of the leading communication systems integrators and telecommunication supplier in the Egyptian market and a member of Univest Group. PACC is fully equipped with an extensive product portfolio and all the necessary technical skills that allow for an integrated and comprehensive solution offering. This offering ranges from designing, supplying, installing, maintaining, and finally testing and commissioning any kind of telecommunication access solutions for Telecom and Datacom applications. For more information, visit: www.pacceng.com – Contact: Mr. Mohamed Gad, Managing Director, PACC Electronic Engineering: + 20 10 11 16 423.
 
About Emerging Technologies: 
Established as a software application developer of voice recognition solutions and a member company of the Cassells Group.  Emerging Technologies develops & deploys powerful speech recognition solutions, enabling customization of voice recognition applications for specific business needs and enhancing options of voice portal solutions; thus becoming the Speech Recognition Partner.
 
For more information, visit www.em-t.com

Contact:
Sassine Mazraani,
Managing Director,
Emerging Technologies:
+ 971 50 55 11 469.
 

© Press Release 2004