Simulations Plus Subsidiary, Words+, Inc., Releases Major New Product
Words+, Inc., a wholly owned subsidiary of Simulations Plus, Inc.(NASDAQ: SLP – News), today announced the launch of a major new augmentative communication product called Conversa™. Words+, Inc. has been in business since September 1981 as one of the early pioneers in assistive technologies for those who experience various disabilities. Simulations Plus is the leading supplier of simulation and modeling software for preclinical and early clinical pharmaceutical research and development.
Mr. Ponder continued: “Sales of some of our larger systems have been down while our small PDA-based Say-it! SAM systems have been shipping very well. We expect the Conversa to restore the level of large system sales we had and to exceed the former level. Although our previous unit was one of the most rugged units ever made, it was also one of the most expensive, and it did not fit within the Medicare/Medicaid price constraints. So only those who were able to pay for the system outside of these funding agencies were able to obtain them. We believe that the physical attractiveness and superb functionality of the new Conversa, combined with a price point fitting within Medicare/Medicaid guidelines, will result in a nice recovery of the revenues in this part of the augmentative communication market.”