September 29, 2014
DOCOMO, SYSTRAN and FueTrek Form Joint Venture to Develop Translation Services
TOKYO, JAPAN, September 29, 2014 --- NTT DOCOMO, INC., SYSTRAN INTERNATIONAL Co., Ltd. and FueTrek Co., Ltd. announced today a three-way agreement on September 29 to set up Mirai Translate, Inc., a joint venture to develop and market machine translation technology and services with the highest accuracy in the industry. DOCOMO, SYSTRAN INTERNATIONAL and FueTrek will recruit engineers. The joint venture will be established in October.
Together, the three companies' strengths will enable the development of highly accurate machine translation software capable of satisfying diverse needs, from the translation of business documents to conversation-level communication required by tourists. Leading up to the Tokyo 2020 Summer Olympic and Paralympic Games, the number of foreign visitors to Japan, as well as the number of Japanese going overseas, is expected to increase dramatically. The joint venture will initially develop technologies to translate between Japanese and three other languages—English, Chinese and Korean—with future plans to translate between Japanese and other widely used Asian languages such as Vietnamese and Indonesian.
DOCOMO has a track record of providing top-tier translation services, including the Hanashite Hon'yaku automatic voice translation service. SYSTRAN is a world-leading translation software developer, while FueTrek has a proven track record of developing speech recognition and translation systems.
The joint venture aims to achieve the world's highest level of accuracy for machine translation, leveraging multi-language translation engines developed by the National Institute of Information and Communications Technology (NICT) and machine translation technology based on natural Japanese-language processing technology developed by Nippon Telegraph and Telephone Corporation (NTT).
1. Ownership Share by Company
|Name:||Mirai Translate, Inc.|
|Date of Foundation:||October, 2014|
|Representative:||Minoru Etoh, President|
|Business:||Development and marketing of machine translation technology and services|
|Capital:||990 million yen|
|Number of Employees:||approximately 15|
About NTT DOCOMO
NTT DOCOMO provides innovative, convenient and secure mobile services that enable smarter living for each customer. The company serves over 63 million mobile customers in Japan via advanced wireless networks, including a nationwide 3G network and one of the world's first commercial LTE networks. Leveraging its unique capabilities as a mobile operator, DOCOMO is a leading developer of cutting-edge technologies for NFC mobile payments, mobile GPS, mobile TV, intuitive mobile assistance, environmental monitoring, smart grids and much more. Overseas, the company provides technical and operational expertise to eight mobile operators and other partner companies. NTT DOCOMO is listed on the Tokyo (9437) and New York (DCM) stock exchanges. Please visit https://www.docomo.ne.jp/english/ for more information.
About SYSTRAN INTERNATIONAL
Since the foundation in 1968, SYSTRAN has been providing automatic translation, voice recognition, sentimental analysis, and various solutions to US Government, French Treasure Department, and global enterprises based on the natural language processing technology that supports 128 translation language pairs. On the foundation of our acknowledged technologies, SYSTRAN have provided S-translator on Samsung Galaxy series, and currently, we are on the process of preparing products for Asian Game, Summer Universidad and Pyeong-Chang Winter Olympic Games. SYSTRAN holds Hybrid Machine Translation (HMT) technology, which combines the best attributes of rule-based and statistical machine translation, and based on our higher translation accuracy, SYSTRAN is currently the Global No.1 enterprise among the automatic machine translation field.
FueTrek Co., Ltd. is a leading one-stop-shop provider of speech recognition, speech synthesis, dialog and automatic translation, serving consumers and global businesses. By leveraging technologies by NICT (National Institute of Information and Communications Technology) & ATR (Advanced Telecommunications Research Institute International), most advanced speech-related research institutes in Japan, FueTrek has been making speech-related technologies accessible in both everyday life and enterprise usage. FueTrek is listed on the Tokyo (2468) stock exchanges. Please visit (Page will open in a new window.)http://www.fuetrek.co.jp/en/company/outline.html for more information.