If you can see this message, your browser does not support canvas and needs an update. Sorry. :(
Tuesday, May 18, 2021 
Market Status: Closed
About us and Governance Investor Relations Contact
Advanced search

Market News


ASCENDIA SA - ASC

TIMLOGO.ro receives an AI for Accessibility grant from Microsoft

Release Date: 12/14/2018 1:07:01 PM

IRIS Code: 75D47

To: Bucharest Stock Exchange

ASC 3996/14.12.2018

 CURRENT RAPORT

 

TIMLOGO receives an AI for Accessibility grant

from Microsoft

 

Current report according to

 BVB Regulations for AeRO , Law 24/2017, ASF Regulations 5/2018, UE Regulations no. 596/2014

Report date

14.12.2018

Name of the company

ASCENDIA S.A.

Registration office

Eufrosin Poteca St. No.40, 1’st floor, Sector 2, Bucharest

Phone/fax/email

phone/fax: 021 312.42.26, Email: office@ascendia.ro

Unique registration number

RO 21482859

Number of registration at the Registry of Commerce

J40/6604/30.03.2007

Subscribed and paid-up share capital

144.444,40 RON for 1.444.444 shares with face value of 0,1 RON

The regulated market on which it is traded

Bucharest Stock Exchange – ATS, AeRO - Premium

LEI Code

315700DLIITW8APMVF93

  

Important event to report

 

Bucharest, Romania – 14th of December 2018: Timlogo.ro has been awarded an AI for Accessibility grant from Microsoft to help further our efforts in helping children and adults have easier access to improved speech therapy. By using cognitive tools, the platform will be able to tailor itself to the individual needs of the users.

 

”Timlogo proposes an AI driven, highly interactive, speech development platform (which can be used both during therapy sessions - at the cabinet as well as at home), that is based on the linguistic specificity of the languages, adapted to the age of the patient and, last but not least, accessible to any budget.”, said Alex Malureanu, CMO & Co-Founder Ascendia.

 

“At Microsoft Romania, we started the partnership with Ascendia 4 years ago by supporting them with cloud resources in Microsoft Azure in order to enable their start-up ideas in education. We are so proud that Ascendia developed since then products designed not only for K12 learning, but also a special platform for children with speech problems, called Timlogo. This innovative solution is actually showing that AI leveraged in Azure, with practically unlimited cloud power and intelligence, can really make our lives better. Congratulations, Ascendia, for being among the top digital transformation start-ups in the world, as proven by the Azure grant received from AI for Accessibility division of Microsoft Corp!” said Marilena Ionascu, Education Director at Microsoft Romania.

 
AI for Accessibility is Microsoft’s $25 million 5-year program aimed at harnessing the power of AI to amplify human capability for the more than one billion people around the world with disabilities. It’s a call to action for developers, NGO’s, academics, researchers and inventors to accelerate their work for people with disabilities, focusing on three challenges: Employment, Daily Life and Communication and Connection. Through grants, technology, and AI expertise, the program aims to accelerate the development of accessible and intelligent AI solutions and build on recent advancements in Microsoft Cognitive Services to help developers create intelligent apps that can see, hear, speak, understand and interpret people’s needs.

 

More info can be found in the attached press release.

 

CEO

ASCENDIA S.A.

Cosmin Malureanu

 



 Print

Information provided by IRIS, the news platform of the Bucharest Stock Exchange.

______________________

Bucharest Stock Exchange ("BVB") is not responsible for the content of this News item. Issuers whose financial instruments are traded on markets operated by BVB are required to report in accordance with current legal and regulatory provisions. BVB publishes these Reports as market administrator, appointed by ASF. When, for investors’ information, Reports are published, either signed by different persons, or with conflicting information, legal liability lies fully with the signatories. BVB disclaims any obligation or responsibility towards issuers or third parties, regarding the reality, completeness and accuracy of information provided by them and distributed by BVB. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.


©2016 Bucharest Stock Exchange. All rights reserved