VoiceBox and Toyota Form Strategic Relationship to Deliver In-car Voice Technology Innovations

LAS VEGAS--January 9, 2012: VoiceBox^Ž Technologies Inc., the award winning innovator of Personal Assistant Voice technology today announced that it has entered into a strategic agreement with Toyota Motor Sales (TMS) U.S.A., Inc. to develop innovative in-car voice products and capabilities.

“We are excited to work with Toyota to develop innovative in-car voice products and capabilities. Our new presence in Japan will allow us to more effectively serve these efforts”

Toyota is an industry-pioneering adopter of voice technology and began to deploy VoiceBox for advanced voice capabilities in the 2009 Lexus RX and more recently in Toyota's award winning Entune^TM multimedia system.

Under the terms of this multi-year agreement, Toyota and VoiceBox will deliver in-car voice innovations exclusive to Toyota and Lexus brands. In addition, VoiceBox is opening an office in Japan to catalyze these initiatives, and expanding its engineering effort dedicated to research, prototyping, as well as market validation and user studies.

VoiceBox's patented technology determines context and intent from free form speech to dynamically accommodate a request. These capabilities allow VoiceBox to develop compelling Personal Assistant applications for its customers in automotive, personal navigation, computer/tablets and smart TV markets.

"We are excited to work with Toyota to develop innovative in-car voice products and capabilities. Our new presence in Japan will allow us to more effectively serve these efforts," said Mike Kennewick, VoiceBox Technologies CEO.

"At Toyota we feel advanced voice technology, that uses not just words but context, is key to helping our customers enjoy their vehicles in fun and intuitive ways," said Jim Pisz, Corporate Manager, Toyota Motor Sales, U.S.A. Inc.

About VoiceBox Technologies

VoiceBox is a pioneer in Natural Language Understanding and Conversational Voice Technology used to help people find content and control their devices using everyday speech. VoiceBox applications can run on in-car systems, smartphones, 'smart TVs', computers, tablets,

e-readers, and personal navigation devices; all are powered by VoiceBox's award-winning Contextual Speech, protected by 14 issued patents, 6 notice of allowances, with 11 patents pending. The Company's new Personal Assistant product line combines its advantaged technology with advanced, patented personalization and advertising capabilities. VoiceBox's is used in products and autos from Toyota, TomTom, Pioneer, Chrysler, Dodge, and Magellan in North America, Europe and Asia.

For more information, go to Voicebox or our YouTube channel, vboxtechnologies.

About Toyota

Toyota Motor Sales (TMS), U.S.A, Inc. is the marketing, sales, distribution and customer service arm of Toyota, Lexus and Scion. Established in 1957, TMS markets products and services through a network of nearly 1,500 Toyota, Lexus and Scion dealers which sold more than 1.6 million vehicles in 2010. Toyota directly employs nearly 30,000 people in the U.S.