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Cerence Inc. (CRNC)

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124.71+3.36 (+2.77%)
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Previous Close121.35
Open118.23
Bid122.51 x 800
Ask129.00 x 1000
Day's Range118.15 - 125.11
52 Week Range11.39 - 126.12
Volume416,570
Avg. Volume694,337
Market Cap4.7B
Beta (5Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateNov 16, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est106.70
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  • GlobeNewswire

    Toyota Motor Corporation Signs on as First User of Cerence’s New Cloud Service Center in Japan

    Localized hosting facility to deliver faster AI-powered experiences for Japanese driversBURLINGTON, Mass., Jan. 21, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that it has installed a new cloud service center in Japan, with Toyota Motor Corporation (TMC) signing on as its first user. The new cloud center provides AI-powered innovation, products and technologies such as speech recognition, text-to-speech, and natural language understanding. With this new facility, Cerence delivers even faster response times, enabling a smoother experience for automakers and mobility OEMs that have deployed Cerence’s AI products in Japan. Toyota, one of the pioneer users of cloud service from Cerence prior to its spin out, began leveraging the service in 2014 for cloud-based speech recognition technology for the Agent function of Toyota's Connected Services. Agent is an interactive voice service that allows drivers to search and set destinations, check the weather, and search for other information. When drivers speak to Toyota's Connected Services-compatible in-car navigation system, such as "Find a restaurant with a parking lot nearby,” the Agent searches for information and responds verbally, creating a natural, human-like exchange in the car. By now utilizing the cloud hosting site in Japan, the Agent’s response time will be improved, enabling Toyota to provide a smoother and more advanced driver experience to its connected service users in the future. “As expectations for AI-powered automotive assistants continue to expand for Japanese drivers and around the world, we are committed to growing and enhancing our offerings to meet their needs,” said Shojiro Kimura, Regional Vice President, Japan, Cerence. “The installation of our new cloud service center in Japan demonstrates our constant dedication to bringing a state-of-the-art experience to our Japanese OEM customers like Toyota Motor Corporation and their drivers.” To learn more about Cerence, visit www.cerence.com, and follow the company on LinkedIn and Twitter. About Cerence Inc.Cerence (NASDAQ: CRNC) is the global industry leader in creating unique, moving experiences for the mobility world. As an innovation partner to the world’s leading automakers and mobility OEMs, it is helping advance the future of connected mobility through intuitive, powerful interaction between humans and their cars, two-wheelers, and even elevators, connecting consumers’ digital lives to their daily journeys no matter where they are. Cerence’s track record is built on more than 20 years of knowledge and more than 350 million cars shipped with Cerence technology. Whether it’s connected cars, autonomous driving, e-vehicles, or buildings, Cerence is mapping the road ahead. For more information, visit www.cerence.com. Contact InformationKate HickmanCerence Inc.Tel: 339-215-4583Email: kate.hickman@cerence.com

  • Cerence Launches Cerence Cloud Services; Brings Drivers’ Digital Lives into Their Cars
    GlobeNewswire

    Cerence Launches Cerence Cloud Services; Brings Drivers’ Digital Lives into Their Cars

    New products deliver enhanced capability and connectivity between mobile apps, smart homes, IoT and the in-car assistant Cerence Extend Cerence Extend gives drivers safe, voice-enabled access to Android and iOS smartphone apps directly from their car’s infotainment system. Cerence Connect Cerence Connect seamlessly unites the car with the smart home and IoT. Cerence Browse Cerence Browse is an AI-powered content domain that brings the intelligence of internet search engines directly into the car. BURLINGTON, Mass., Jan. 19, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today introduced Cerence Cloud Services, a suite of connected products that integrate the smartphone, smart home, and everything in between directly into the car. Leveraging the enhanced cloud fluency of the new, next-gen Cerence Drive platform, Cerence Cloud Services deliver first-of-its-kind, seamless interaction between the myriad of connected devices that permeate consumers’ day-to-day lives and the mobility platforms that move them. “Today’s consumer has a broad and ever-widening digital ecosystem that spans a vast array of devices, services and assistants. It’s our firm belief that in this growing and expanding digital landscape, the car cannot be a separate island and needs to grow and evolve in its capabilities, just as our digital lives do,” said Prateek Kathpal, CTO, Cerence. “With Cerence Cloud Services, we’ve set out to turn the car into an extension of drivers’ digital lives, with safe, intuitive access to everything they need and want while on the go.” Photos accompanying this announcement are available at:https://www.globenewswire.com/NewsRoom/AttachmentNg/faa8457d-0be6-4215-9ba5-a9c041dbcce6 https://www.globenewswire.com/NewsRoom/AttachmentNg/856c69a0-1745-4862-ba1c-f682b90d3b91 https://www.globenewswire.com/NewsRoom/AttachmentNg/ad3ccadf-8415-4c07-b0f7-e6a25ccdb4f7 Videos accompanying this announcement are available at:https://www.globenewswire.com/NewsRoom/AttachmentNg/f9e7d33f-5cf2-4e7d-8004-9eabc28c4c2d https://www.globenewswire.com/NewsRoom/AttachmentNg/10c541ce-fae6-486d-aba2-8785cb6e2843 The new Cerence Cloud Services products introduced today include: Cerence Extend gives drivers safe, voice-enabled access to Android and iOS smartphone apps directly from their car’s infotainment system. Current smartphone-to-car solutions like Android Auto and Apple CarPlay offer a limited user experience with only a finite, pre-defined set of content and apps accessible from the car’s headunit. Further, for OEMs, these products separate the in-car assistant and the smartphone, creating a barrier when it comes to OEM visibility into driver actions and data. Cerence Extend not only enables users to access their apps directly from the headunit through a simple, voice-based interface, but also keeps OEMs in control of the in-car user experience. With Cerence Extend, drivers can access native phone apps like calendaring, alarms and reminders, and phone calling, as well as third-party apps like Zoom, Microsoft Teams, WhatsApp, Amazon, and Starbucks, all through simple, natural voice commands. This removes the boundaries and limitations prevalent in today’s projection-based solutions, bridging the gap between drivers’ personal lives on their phones and their cars, enabling OEMs to maintain their ownership over the cockpit, and ultimately creating a safer, more connected, and more enjoyable experience. For more on Cerence Extend, view this video.Cerence Connect seamlessly unites the car with the smart home and IoT, delivering conversational AI-powered access to smart home devices directly from the car’s assistant. Where drivers were previously forced to pull out their phones to control their smart home devices, Cerence Connect makes it easy to do everything from setting the security system to initiating a more complex evening routine inclusive of lighting, temperature, and music – all through voice. Cerence Connect is the industry’s first product that enables drivers to easily create custom smart home routines and rules – across multiple IoT and big tech ecosystems – that are linked with and triggered by their car’s sensors and data (for example, turning on the lights and heat when the driver is one mile from home or auto-enabling the home security system when the driver turns on the car to leave home). For automakers, Cerence Connect simplifies the smart home integration process, eliminating the complexities associated with developing, operating or maintaining multiple IoT connection points and providing them with a single, unified solution for integration and interoperability with the most popular smart home and IoT services. To see Cerence Connect in action, check out this video.Cerence Browse is an AI-powered content domain that brings the intelligence of internet search engines directly into the car, enabling drivers to ask general information and real-time event questions (“How tall is the Empire State Building?” or “How many calories in a cup of coffee?” for example) and receive spoken, natural language answers. Cerence Browse connects to multiple sources in real time, indexes continuously updated information from internet sources, and uses Machine Reading Comprehension (MRC) to deliver the best possible answer. For more information about Cerence Cloud Services, visit www.cerence.com/cerence-products/cloud-services. To learn more about Cerence, visit www.cerence.com, and follow the company on LinkedIn and Twitter. About Cerence Inc.Cerence (NASDAQ: CRNC) is the global industry leader in creating unique, moving experiences for the mobility world. As an innovation partner to the world’s leading automakers and mobility OEMs, it is helping advance the future of connected mobility through intuitive, powerful interaction between humans and their cars, two-wheelers, and even elevators, connecting consumers’ digital lives to their daily journeys no matter where they are. Cerence’s track record is built on more than 20 years of knowledge and more than 350 million cars shipped with Cerence technology. Whether it’s connected cars, autonomous driving, e-vehicles, or buildings, Cerence is mapping the road ahead. For more information, visit www.cerence.com. Contact InformationKate HickmanCerence Inc.Tel: 339-215-4583Email: kate.hickman@cerence.com

  • Cerence Introduces Cerence Mobility Platforms; Delivers Voice and AI Experiences to New Areas of Mobility
    GlobeNewswire

    Cerence Introduces Cerence Mobility Platforms; Delivers Voice and AI Experiences to New Areas of Mobility

    Strategic expansion into building mobility and accelerating two-wheeler market builds on decades of automotive expertise and success Cerence Automotive Platform The Cerence Automotive Platform is the world’s leading OS-agnostic, hybrid conversational AI platform to accelerate innovation for automakers and tier one suppliers. Cerence 2-Wheeler Mobility Platform The Cerence 2-Wheeler Mobility Platform delivers connected technology that transforms the riding experience in the rapidly growing two-wheeler category, including motorcycles, e-bikes and scooters. Cerence Building Mobility Platform Built to be quickly and seamlessly integrated with an elevator’s native operating system, the Cerence Building Mobility Platform enables passengers to control the elevator without pressing the button. BURLINGTON, Mass., Jan. 19, 2021 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced its Cerence Mobility Platforms for Automotive, 2-Wheelers and Building Mobility. A focused, strategic approach to the company’s growth, Cerence Mobility Platforms deliver industry-leading innovation to three core areas of mobility – automotive, two-wheelers, and buildings – bringing voice-first, AI-centric experiences to consumers’ daily lives throughout their journeys. “Cerence is making the world of mobility connected, bridging the digital and analog worlds with the most advanced AI,” said Charles Kuai, SVP & GM, Mobility Solutions, Cerence. “Today’s innovations are backed by modern business models and accelerated by our AI-powered, out-of-the-box thinking. Whether driving it, riding it, or standing in it, the needs and demands of conversational AI interaction for mobility are only increasing for consumers that want intelligent assistants and services on their daily journeys.” This announcement follows the unveiling of Cerence Drive 2.0, the company’s core AI and deep learning technology portfolio, and Cerence Cloud Services, a suite of connected cloud products that extend drivers’ digital lives into their mobility ecosystem, which serve as the foundation of Cerence Mobility Platforms. With a unified hybrid embedded-cloud architecture and increased cloud fluency that gives way to enhanced capabilities and services, Cerence Drive and Cerence Cloud Services enable the company to leverage its decades of automotive expertise to expand into a broader set of key mobility markets. Photos accompanying this announcement are available at:https://www.globenewswire.com/NewsRoom/AttachmentNg/ac6c8b59-7757-48ff-8ad7-67acc6699e03 https://www.globenewswire.com/NewsRoom/AttachmentNg/5ac6da98-ed36-410d-a358-dcadf6cce9a4 https://www.globenewswire.com/NewsRoom/AttachmentNg/c4a835e5-65c4-4f46-a77c-f45d36b10cf6 Videos accompanying this announcement are available at:https://www.globenewswire.com/NewsRoom/AttachmentNg/ea062e08-1768-42c2-a466-7a30a7ff021c https://www.globenewswire.com/NewsRoom/AttachmentNg/e75c4f50-67e4-4c5d-aef9-0abb6e9fea89 Cerence Mobility Platforms include: Cerence Automotive Platform – the world’s leading OS-agnostic, hybrid conversational AI ​platform to accelerate innovation for automakers and tier one suppliers. The Cerence Automotive Platform delivers a humanized, personalized experience with a multi-modal approach inclusive of voice, gesture, and gaze that enables seamless connection to drivers’ digital worlds, both inside and outside the car.Cerence 2-Wheeler Mobility Platform – connected technology that transforms the riding experience in the rapidly growing two-wheeler category, including motorcycles, e-bikes and scooters​. The Cerence 2-Wheeler Mobility Platform offers a complete, connected two-wheeler solution with an enhanced HMI experience, including smartphone integration and projection of the phone onto the headunit, as well as conversational AI-powered assistant capabilities, setting a new standard in digital connectivity. The platform supports both iOS and Android phones and comes with out-of-the-box integration with Bluetooth headsets and helmets. With the Cerence 2-Wheeler Mobility Platform, riders not only have distraction-free navigation, ride planning, vehicle tracking, and service reminders at their fingertips, but also the use of their mobile phone as an extended headunit dashboard. To see the Cerence 2-Wheeler Mobility Platform in action, check out this video.Cerence Building Mobility Platform​ – AI- and voice-enabled interaction for elevators and smart buildings, especially critical in the age of Covid-19 and increasing consumer demand for touchless interaction. Built to be quickly and seamlessly integrated with an elevator’s native operating system, the Cerence Building Mobility Platform enables passengers to control the elevator without pressing the button. Using Cerence speech recognition technology, passengers can simply tell the elevator their desired floor, or even the name of the company or person they are visiting in the building. The Cerence Building Mobility Platform offers global language coverage with the capability for simultaneous, multilingual conversation as well as cloud connectivity for directory service and additional in-elevator content. For more about the Cerence Building Mobility Platform, view this video. Cerence Mobility Platforms are available now to automakers and tier one suppliers; two-wheeler manufacturers; and elevator and building mobility OEMs. ​For more information on Cerence Mobility Platforms, visit www.cerence.com/cerence-products/mobility-platforms. To learn more about Cerence, visit www.cerence.com, and follow the company on LinkedIn and Twitter. About Cerence Inc.Cerence (NASDAQ: CRNC) is the global industry leader in creating unique, moving experiences for the mobility world. As an innovation partner to the world’s leading automakers and mobility OEMs, it is helping advance the future of connected mobility through intuitive, powerful interaction between humans and their cars, two-wheelers, and even elevators, connecting consumers’ digital lives to their daily journeys no matter where they are. Cerence’s track record is built on more than 20 years of knowledge and more than 350 million cars shipped with Cerence technology. Whether it’s connected cars, autonomous driving, e-vehicles, or buildings, Cerence is mapping the road ahead. For more information, visit www.cerence.com. Contact InformationKate HickmanCerence Inc.Tel: 339-215-4583Email: kate.hickman@cerence.com