FOR IMMEDIATE RELEASE
Cognition to Power Grabbit’s Online Recommendation Engine
Grabbit Helps Recommend Products, Content, and People Using Cognition’s
Semantic Natural Language Processing in a Ground-Breaking “Web 3.0” Semantic Web Application
SAN MATEO, CALIFORNIA – September 1, 2010 – Grabbit, the developer of a new suite of cloud-hosted web services for social media and other content providers is pleased to announce a strategic partnership with Cognition Technologies, a Los Angeles based company that is a leader in semantic analysis and language processing. The exclusive partnership will focus on combining Cognition’s revolutionary Semantic Natural Language Processing technology with Grabbit’s patent-pending system for making online recommendations of products, content, and people.
By using Cognition’s state-of-the-art semantic technology to analyze Tweets, Facebook updates, blog posts, friends, locations, product purchases, brand preferences, and other data, Grabbit will be able to intelligently recommend products, content, and people that a Grabbit user might find interesting.
“Grabbit has developed a ground-breaking, patent-pending system for helping social media and other content providers improve the quality of their services and open up new revenue streams,” says Peter Karnig, Grabbit’s CEO. “Grabbit’s system is one of the first large-scale “Web 3.0” or semantic web products to be developed for the consumer market.”
Cognition provides a powerful set of semantic tools to power Grabbit’s new web services. The scope of Cognition’s Semantic Map is more than double the size of any other computational linguistic dictionary for English, and includes more than ten million semantic connections that are comprised of semantic contexts, meaning representations, taxonomy and word meaning distinctions. The Map encompasses over 540,000 word senses (word and phrase meanings); 75,000 concept classes (or synonym classes of word meanings); 8,000 nodes in the technology’s ontology or classification scheme; and 510,000 word stems (roots of words) for the English language. Cognition’s lexical resources encode a wealth of semantic, morphological and syntactic information about the words contained within documents and their relationships to each other. These resources were created, codified and reviewed by lexicographers and linguists over a span of more than 25 years.
“We are excited that Grabbit has recognized the significant value of Cognition’s semantic technologies, and created a major new application for them” said Bill Collins, Cognition’s CEO. “Grabbit joins Microsoft and a list of other companies in the legal litigation support, publishing and life sciences industries who have also recognized Cognition’s ability to bring meaning and understanding to vast amounts of information.”
About Grabbit, Inc.
The patent-pending Grabbit™ platform enables social media and other content publishers to easily leverage semantic technology to improve the user experience of their sites, while also providing a significant new revenue opportunity. Grabbit’s modular, cloud-hosted platform has created a new standard for online information distribution and consumption, and offers a new type of relationship with people, content, and the products, services, and brands they want, leveraging the power of “word of mouth” and semantic matching. Grabbit runs on mobile devices (iPhone, iPad, Android), the web, and TV (via Wii, Xbox, and PS3 gaming consoles) allowing users people to view, send/receive, publish/subscribe, and manage ongoing real-time updates and alerts across a wide range of social networks, information, media, and commerce.
Cognition Technologies, based in Los Angeles, has developed a revolutionary Semantic Natural Language Processing (NLP) technology which adds word and phrase meaning and “understanding” to computer applications, enabling them to be more human-like in their processing of information. Cognition’s Semantic Map, the underlying technology developed over the past 24 years, is the largest and most extensive in existence. Applications and technologies which utilize Cognition’s Semantic NLP™ technology are positioned to take full advantage of Web 3.0 (the Semantic Web).
For further information contact: Lisa Padilla, CMO of Grabbit at firstname.lastname@example.org or (415) 637-9456