Cerence Joins MIH Consortium to Advance Future of Mobility

Rhea-AI Summary

Cerence Inc. (NASDAQ: CRNC) has joined the MIH Consortium, aiming to enhance in-vehicle experiences for electric and autonomous vehicles. The Consortium, with over 2,300 members, focuses on creating an open EV ecosystem that fosters innovation and collaboration within the mobility industry. Cerence's expertise in conversational AI will contribute to developing key technologies and standards in the sector. CEO Stefan Ortmanns emphasized their commitment to improving driver and passenger safety, productivity, and comfort.

Positive

• Cerence joined the MIH Consortium, enhancing collaboration in the EV sector.
• The Consortium's goal is to lower barriers to entry and accelerate innovation.
• Cerence's leadership in conversational AI will drive innovation for electric and autonomous vehicles.

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• None.

Cerence’s global leadership in conversational AI will accelerate in-vehicle experiences for connected, autonomous, and electric vehicles

BURLINGTON, Mass., July 06, 2022 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that it has joined the MIH Consortium, a group of strategic mobility industry leaders that is creating an open electric vehicle ecosystem that promotes collaboration in the mobility industry. As a member of the Consortium, Cerence will bring its extensive knowledge and leadership in conversational AI and the in-cabin experience, further advancing the future of electric and autonomous vehicles.

The mission of the MIH Consortium is to realize key technologies and develop reference designs and standards while bridging the gap between members in the ecosystem, resulting in a lower barrier to entry, accelerated innovation, and shorter development cycles. Its goal is to bring together its more than 2,300 members to create innovative solutions for the next generation of EVs, autonomous driving, and mobility service applications.

The MIH Consortium welcomes Cerence as the global industry leader in creating unique, moving experiences across all aspects of mobility. Driving innovation across voice technology and in-cabin experience, Cerence brings a unique perspective that will further the Consortium’s strategic mission and drive innovation in partnership with its global base of members.

“With Cerence’s leadership in creating incredible in-car experiences for the world’s leading automakers and its focus on advancing the future of mobility, we look forward to its contributions to the MIH Consortium,” said Jack Cheng, CEO, MIH Consortium. “As we work to advance our mission, partners like Cerence are critical in driving meaningful innovation that will enable the next generation of electric and autonomous vehicles.”

“The MIH Consortium is an important network of automotive and mobility leaders that is pushing the industry forward,” said Stefan Ortmanns, CEO, Cerence. “By collaborating closely with the Consortium’s members, we look forward to playing a key role in advancing next-generation technology for the future of EVs and autonomous cars that puts drivers and passengers at the forefront and enhances their safety, productivity, and comfort.”

For more information about the MIH Consortium, visit www.mih-ev.org. 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 450 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 Information

Kate Hickman | Tel: 339-215-4583 | Email: kate.hickman@cerence.com

FAQ

What does Cerence's membership in the MIH Consortium mean for CRNC?

Cerence's membership aims to enhance innovation in the electric vehicle market, potentially benefiting shareholders through increased collaboration and technological advancements.

What is the MIH Consortium?

The MIH Consortium is a group of over 2,300 mobility industry leaders focused on creating an open electric vehicle ecosystem that promotes collaboration and innovation.

How will Cerence's technology influence the future of EVs?

Cerence's expertise in conversational AI is expected to advance in-vehicle experiences, improving safety and comfort for drivers and passengers.

When was Cerence's partnership with the MIH Consortium announced?

The partnership was announced on July 6, 2022.