News Release: Fonix and Seiko Epson Offer Speech Solution on Powerful Processor Chips; Partner

For Immediate Release:
October 29, 2003


Fonix and Seiko Epson Offer Speech Solution on Powerful Processor Chips; Partnership Provides for First Multimedia Camera-Phones Powered by Speech

SALT LAKE CITY & TOKYO, Oct 29, 2003 - Fonix(R) Corp. (FNIX), a global provider of leading speech solutions, announces the availability of our speech interface technologies on two new semiconductor chips in the Seiko Epson S1C33 family. Fonix and Epson showcased the combined software and chip speech solution this week at the NE Embedded Processor Symposium in Yokohama, Japan. “Fonix speech solutions on the Epson S1C33L11 and S1C33301 chips provide a powerful platform to develop mobile phones and other devices that are safer and more convenient," said Yasuhisa Hirabayashi, general manager of Seiko Epson IC Marketing Department. "The power of Epson chips gives developers and OEMs the opportunity to integrate and bundle speech solutions on highly efficient mobile devices."

The Fonix/Epson embedded speech solution enables users to interact with feature-rich devices such as camera-equipped multimedia mobile phones, with functionality including audio, video, gaming, e-mail, instant messaging and personal management applications. Fonix speech solutions allow users to access functions and applications simply by speaking -- a natural, easy and safe interface.

"Epson is a proven leader in developing semiconductors for multimedia-enabled mobile electronic devices," said Lynn Shepherd, vice president, Fonix Product Development. "These new chips expand market opportunities for mobile phones and other products incorporating Fonix/Epson solutions. With the Fonix/Epson solution, we are collaborating with several multinational OEMs integrating and bundling applications, including mobile communication and consumer electronic device manufacturers, toy makers and automotive integrators. During the next six months, we expect the Fonix/Epson solution to generate technology license fees and unit royalty fees from mass-market devices."

About Epson

The Epson Group increases its corporate value through its innovative and creative culture. Dedicated to providing its customers with digital image innovation, its main product lines comprise information-related equipment such as printers and projectors, electronic devices including displays, semiconductors and quartz devices, and precision products such as watches. Epson products are known throughout the world for their superior quality, functionality, compactness and energy efficiency.

About Fonix

Fonix Corp. provides speech interface solutions for mobile/wireless devices, computer telephony systems, the assistive market, automobiles and everyday consumer devices. Manufacturers and developers incorporate Fonix technology to provide their customers with an easy, convenient, reliable user experience. Visit www.fonix.com for an introduction to Fonix's suite of speech solutions, or contact a representative at 801-553-6600 and say "Sales."


Statements released by Fonix that are not purely historical are forward looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include general economic, competitive, governmental and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.

SOURCE: Fonix Corp.

Media Contact:
Fonix Corporation
Elizabeth Sweeten
1-801-553-6600
This email address is being protected from spambots. You need JavaScript enabled to view it.

Investor contact:
ECON Investor Relations, Inc.
1-866-894-3913
Dawn Van Zant
This email address is being protected from spambots. You need JavaScript enabled to view it.
or
Trevor Ruehs
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.investorideas.com

For full details, click here:
http://www.investorideas.com/Companies/FNIX/NewsReleases.asp