The TJX Companies Acquire VoiceLogistics; Decision Follows Extensive Pilot Program At Woburn Distribution Center

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Voxware, Inc. (OTC: VOXW), a leading supplier of voice-based solutions for the logistics workforce, announced that The TJX Companies, Inc. (NYSE: TJX), the parent company of T.J. Maxx and Marshalls stores, has acquired its VoiceLogistics solution.

"We are very pleased that an industry leader like The TJX Companies has chosen Voxware," said Tom Drury, Voxware CEO. "They really put our VoiceLogistics software through its paces, conducting an extensive pilot program that focused on logistics challenges unique to the retail and garment industry sectors. They also have a multilingual workforce, and the pilot program had to validate that workers who speak different languages can simultaneously interact with the same application."

"We insisted on quantifiable results," said Peter Lindenmeyer, Senior Vice President and Director of Distribution Services for TJX. "Our audits of the VoiceLogistics system showed substantial increases in accuracy and productivity."

The initial deployment site for Voxware's VoiceLogistics technology is the TJX distribution center in Woburn, MA. In operation today, the system interacts with workers and coordinates a conveyor system to optimize the picking and distribution of products to stores. By eliminating paper pick lists and verifying each activity as it occurs, VoiceLogistics produces greater throughput and higher accuracy.

About TJX
The TJX Companies is the parent corporation that operates T.J. Maxx, Marshalls, HomeGoods and A.J. Wright stores in the United States, Winners and HomeSense in Canada, and T.K. Maxx in Europe. It is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide.

About Voxware
Voxware's corporate headquarters are in Princeton, New Jersey, with operating offices in Cambridge, Massachusetts and the United Kingdom. Additional information about Voxware can be obtained on the Internet at www.voxware.com.