Andrea Electronics Corp. Enters into Procurement Agreement with IBM for Active Noise Cancellation Products

Strategic Insights -

Andrea Electronics Corp. has announced that it has entered into a procurement agreement with IBM for its Andrea Anti-Noise(TM) Active Noise Cancellation (ANC) products. This agreement grants IBM certain exclusive worldwide rights to market, sell, distribute, and support Andrea Anti-Noise(TM) products in the personal computer (PC) market. The agreement contains a non-obligatory procurement schedule for approximately $14 million of Andrea Anti-Noise(TM) headsets over the next two years, with an initial purchase order already received by Andrea.

Key Takeaways:

  • Andrea Electronics Corp. has entered into a procurement agreement with IBM for its Andrea Anti-Noise(TM) Active Noise Cancellation (ANC) products.
  • The agreement grants IBM exclusive worldwide rights to market, sell, distribute, and support Andrea Anti-Noise(TM) products in the personal computer (PC) market.
  • The agreement contains a non-obligatory procurement schedule for approximately $14 million of Andrea Anti-Noise(TM) headsets over the next two years.
  • An initial purchase order has been received by Andrea Electronics under the agreement.
  • Andrea Anti-Noise(TM) technology significantly enhances speech intelligibility for voice command, speech recognition, computer telephony, and multimedia applications.
  • The technology effectively cancels background noises to enable clear communications by users of headsets, handsets, and wireless products.
  • Andrea Electronics has developed customized applications of its patented and patent-pending technology for the PC, telecommunications, military, and commercial markets.
  • IBM will demonstrate its VoiceType(TM) products with Andrea Anti-Noise(TM) headsets at the upcoming PC Expo.
  • Andrea Electronics is a developer and manufacturer of audio communications equipment for military electronics, personal computers, telecommunications, and commercial markets.
  • The company was established in 1934 and has a proven track record of developing innovative communications equipment.

Statistics:

  • $14 million: the approximate non-obligatory procurement schedule for Andrea Anti-Noise(TM) headsets over the next two years.
  • 2 years: the timeframe for the non-obligatory procurement schedule.
  • 1992: the year Andrea Electronics demonstrated its first self-contained, ANC (active noise cancellation) product.
  • 1934: the year Andrea Electronics was established.

Sources:

  • PRNewswire - Andrea Electronics Corp. Enters into Procurement Agreement with IBM for Active Noise Cancellation Products
  • Andrea Electronics Corp. press release