SOURCE: AudioEye, Inc.

AudioEye, Inc.

October 01, 2014 09:59 ET

Global Biotechnology and Mobile Telecommunication Companies Tap AudioEye for Patented Audio Technology

Two Globally Recognized Brands Contract With AudioEye Driving Record Q3 Revenues and Highly Anticipated Adoption of Audio Internet® Technology

TUCSON, AZ--(Marketwired - Oct 1, 2014) - AudioEye®, Inc. (OTCQB: AEYE) ("AudioEye" or "the Company"), creator of the Audio Internet® patented audio browsing and automated publishing technology platform, today announced that it has contracted with two of the largest global brands in the fields of biotechnology and telecommunications. With a combined market capitalization within their respective markets currently in excess of 250 billion dollars, the companies present large commercial expansion opportunities for AudioEye. AudioEye anticipates that the relationships will drive significant cash revenues and product innovations currently and into the future. The company has developed a scope of work and workflow with both companies and has completed technology implementations and efficacy studies leading to technology adoption and contracting for the procurement, engineering and customization of its technology products and services. Due to the breakthrough nature of the implementations and the underlying competitive advantages achieved through the exclusive AudioEye functionality, the companies will remain anonymous until agreed upon announcements and details will be provided.

"We're breaking through to the largest companies in World, and the most respected brands have begun to adopt both our accessibility compliance platform that normalizes and remediates websites along with mobile content for the disabled," stated Nathaniel Bradley, Chief Executive Officer of AudioEye, Inc. "In addition to completing a pilot program implementing our technology to a telecommunications company with over 60 million unique visitors to their website, our eyes-free and hands-free content consumption technology is being harnessed for laboratories and within scientific workflows within a leading research and bio-banking operation. These agreements should significantly accelerate the adoption of our Audio Internet services by others. We're making better than expected progress in the commercial field. These agreements and projects upon completion will allow AudioEye to acquire new customers across industries that are target rich and among the fastest growing within our global economy. We're turning heads and our team is focused on capitalizing on these opportunities to the maximum potential. Our progress within state, local and federal contracts combined with these new contracts makes for an exciting mix of opportunities currently being addressed by our growing AudioEye team. We anticipate being able to discuss this progress in greater detail in the coming weeks and months."

About AudioEye, Inc.

Incorporated in 2005, AudioEye focuses on working to improve the mobility, usability and accessibility of all Internet-based content through the development, sale, licensing and use of its proprietary accessibility technologies. Audio Internet® is a technology that utilizes patented architecture to deliver a fully accessible audio equivalent of a visual or mobile website in a compliant format that can be navigated, utilized, interacted with and transacted from, without the use of a monitor or mouse, by individuals with visual impairments. For individuals with hearing impairments, the Audio Internet® provides captioning for websites, and the challenges of reaching those with other impairments are also addressed by the technology platform.

Complete with an ever-growing suite of utilities tailored to the needs of different disabled users, the AudioEye® Audio Internet® Accessibility Platform is a fully scalable cloud-based solution designed and developed to meet the needs and compliance mandates for an ever-growing demographic.

AudioEye's common stock trades on the OTCQB under the symbol "AEYE". Please visit http://www.audioeye.com for more information.

Forward-Looking Statements 

This release includes forward-looking statements contained within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding AudioEye's expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions, are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond AudioEye's control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in AudioEye's Form 10-K and other report filings with the SEC. AudioEye is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • For further information, please contact:

    Nathaniel Bradley
    CEO
    AudioEye, Inc.
    (866) 331-5324

    or

    RJ Falkner & Company, Inc.
    Investor Relations Counsel
    (830) 693-4400
    Email Contact