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  • Norwood has issued the latest release of its World Voicemail platform today, designed for easier and more effective voicemail management
  • The tech introduces higher voicemail transcript quality and a huge improvement in word recognition rates for names and numbers of contacts
  • World Voicemail Release 3 has full iOS 13 support for Apple devices, with Android development currently underway
  • Norwood shares are up 33.33 per cent after today’s announcement and currently, trade for 0.4 cents each in an $8.39 million market cap at 2:15pm AEST.

Mobile communications company Norwood has issued the latest release of its World Voicemail platform today.

According to the company, this platform targets the voicemail market and hits it with higher voicemail transcript quality and a huge improvement in word recognition rates for names and numbers of contacts.

Voicemail might seem outdated, but Norwood says this isn’t so. According to the company, the telco voicemail market is worth $1 billion.

The Norwood World Voicemail Release 3 has full iOS 13 support for Apple devices and boasts automatic voicemail forward features to other numbers and even emails, and support for 16 languages. It’s designed to make the management of voicemails easier.

The Android version of World Voicemail Release 3 is currently under development and set to follow the iOS version in the near future.

Norwood Founder and CEO Paul Ostergaard touted strong confidence in both the capabilities and necessity of the company’s tech platform.

“World Voicemail is indisputably the world’s most advanced visual voicemail service available for telcos as they consider upgrading their existing, ageing voicemail platforms,” Paul said in an announcement to the Australian Securities Exchange today.

“The advanced new features, added to an already class-leading feature set, coupled with vast improvements to deployment configuration options, platform scalability and system availability, have led to great traction in the market, both with telcos and prospective telco partners,” he said.

The company said it is in the process of developing go-to-market distribution partnerships for World Voicemail, and currently has several prospective telco vendors.

However, Norwood previously said it expected such a partnership to be formalised in the September quarter of 2019, but locking in an agreement has been slower than expected. It now says it believes it will have an agreement signed in the current December 2019 quarter.

Norwood shares are up 33.33 per cent after today’s announcement and currently, trade for 0.4 cents each in an $8.39 million market cap at 2:15pm AEST.

NOR by the numbers
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