Cerence Transforms Any Car Into a Smart, Connected Car with Cerence Link

Rhea-AI Summary

Cerence Inc. (NASDAQ: CRNC) has launched Cerence Link, a new AI-driven solution designed to enhance vehicle connectivity and safety for both modern and older cars. This offering, which has already been adopted by a major automaker in India, bridges the technological gap between connected and non-connected vehicles. Cerence Link provides features such as driver monitoring, emergency alerts, and vehicle diagnostics. With over 40 million cars produced without connectivity yearly, Cerence aims to improve safety and convenience for a broader range of drivers.

Positive

• Cerence Link enhances vehicle safety and convenience with features like driver behavior monitoring and geofencing.
• The solution has been adopted by a substantial multinational automaker, indicating strong market acceptance.
• Cerence Link addresses a significant market gap, as over 600 million cars lack any connectivity today.

Negative

• The dependence on the adoption rate among OEMs could pose a risk to the company’s growth trajectory.
• The market for connected vehicle solutions is highly competitive, which may impact market share.

New AI-powered offering brings connectivity and intelligence to enhance safety, convenience, security, and peace of mind for drivers

BURLINGTON, Mass., Sept. 01, 2022 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today introduced Cerence Link, a new solution that delivers the power of connectivity and AI to both new cars and cars currently on the road. With Cerence Connected Vehicle Digital Twin (CVDT) as its foundation, Cerence Link brings Cerence’s industry-leading, AI-powered technologies together with cloud-based intelligence to enhance drivers’ safety, security, comfort, and convenience. Cerence Link has been adopted by a large, multinational automaker and has begun shipping in India.

Of all passenger cars produced globally, in recent years only half have built-in connectivity. This means that approximately 40 million cars are produced that are not connected and therefore not equipped with the latest safety-, security- and comfort-enhancing innovations. An additional 600 million cars on the road today do not have any level of connectivity.

Cerence Link is a comprehensive software and hardware offering that bridges the technology gap between connected and non-connected cars, working with vehicle systems to capture diagnostics, sensor data, car location and other useful information. It includes a mobile app, which is a critical piece of the experience, providing a rich interface for voice-powered notifications, location-based services, and trip history and insights. Combined, Cerence Link delivers an extensive suite of features and benefits including:

• Safety: Driver behavior monitoring, impact detection, car location, and geofencing
• Security: Tow alerts and emergency calling
• Peace of mind: Push notifications for events such as warnings for low fuel or battery and remote monitoring of multiple cars
• Convenience: Vehicle status information, trip history, roadside assistance and maintenance reminders

“As modern cars become increasingly connected, the gap between new and old models widens. Drivers who don’t have the latest and greatest built into their cars are left without smart and connected features. We’re bringing new innovations that enhance safety, productivity and comfort on the road and deliver relevant information to drivers and their loved ones,” said Siva Subramanian, SVP, Connected AI & Mobility, Cerence. “With Cerence Link, we bring the newest innovations in vehicle connectivity, data analytics and AI together to enable a safer and more convenient driving and ownership experience for all drivers.”

Beyond the consumer applications, Cerence Link serves a variety of automotive enterprises, including fleet operators of all kinds, telcos, and more who benefit from leveraging vehicle data to better monitor their vehicles, serve their customers, and increase the value of their cars and services.

For more information about Cerence Link, visit www.cerence.com/cerence-products/beyond-voice. 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 vehicles, 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 two-wheelers, Cerence is mapping the road ahead. For more information, visit www.cerence.com.  

Contact Information

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

FAQ

What is Cerence Link by Cerence Inc. (CRNC)?

Cerence Link is an AI-powered solution that enhances vehicle connectivity and safety for both new and older cars.

When was Cerence Link launched?

Cerence Link was launched on September 1, 2022.

Which automaker has adopted Cerence Link?

Cerence Link has been adopted by a large multinational automaker and is currently shipping in India.

How does Cerence Link improve driver safety?

Cerence Link offers features like driver behavior monitoring, impact detection, and geofencing to enhance driver safety.

What is the significance of Cerence Link in the automotive market?

Cerence Link addresses a critical gap, as a significant number of cars produced globally do not have built-in connectivity.