Company stock
Sumoto
+ 7.33%
Base:246.9
opening:264.6
High:277
low:257.2
change:3,926,420
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Jumps about 8.5% in trading after reporting that it launched a new product and contracted with a large customer in the US to use it.
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Sumoto’s audio division, Trinity Audio, launches a player called Octopus for instant translation and playback of text content. The product will allow content sites to create custom audio content easily and quickly using the company’s platform, according to Sumoto. The company also says that Octopus will make it possible to distribute this video content on platforms such as Alexa from Amazon, Spotify, Apple News and more.
The first customer of the product will be the American company McClatchy, which is one of the largest local media groups in the US, which owns 30 media companies operating in 14 countries.
Alongside this, Sumoto began collaborating with Spanish AudioEmotion to serve as its distributor in the country. The company also announced that it has successfully completed the integration of its monetization solutions into Google’s audio worlds, and that it has implemented its audio solutions in the Technology, Innovation Stories site, Lenovo, India Today and Indian Jargan New Media as well as Jpost, the news site. In English called in Israel, according to Sumoto.
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