DynaVox
DynaVox Mayer-Johnson is a U.S.-based developer, manufacturer and distributor of speech generating devices headquartered in Pittsburgh, Pennsylvania. The company was formed in 1983 and has since become the leading provider of speech communication devices and symbol-adapted special education software used to assist individuals in overcoming speech, language and learning challenges. DynaVox Mayer-Johnson's stated mission is to enable children and adults to reach their educational potential and experience a greater quality of life by maximizing each person’s ability to communicate and learn. The company's best-known products include the Maestro and EyeMax System communication solutions, and the Boardmaker Software Family, a suite of tools that allow educational curriculum and activities to be adapted to meet a range of student learning, cognitive and physical needs.
Founded as Sentient Systems Technology, Inc. in 1983, the company’s first product was the EyeTyper. Created as a student project at Carnegie Mellon University to help a young woman with cerebral palsy to communicate, the EyeTyper allowed individuals spell messages with their eyes. These messages were then “spoken” by a computerized voice.
The EyeTyper made it possible for some people with cerebral palsy to communicate effectively. Killiany formed the company with CMU professor Mark Friedman and business partner Tilden Bennett. The patent for this technology was sold to the US Navy and all revenue went back into further development of communication applications that could be used by more people with significant speech disabilities. In 1991 the first DynaVox branded product was released. The DynaVox was the first speech-generating device to feature touchscreen technology.
The company changed its name to DynaVox Systems Inc. when was acquired by Sunrise Medical Inc. in 1998., before being spun out again several years later. In 2004 DynaVox acquired Enkidu Research Inc. and Mayer-Johnson. In 2009 DynaVox Mayer-Johnson acquired BlinkTwice, and incorporated that company's product, the Tango AAC device, into the DynaVox product line. DynaVox acquired Eye Response Technologies in January 2010.
The company floated on the stock market in 2010, although as of September 2011, its stock had fallen by 29.8% year in the last year In 2012, after continued falling stock prices, Dynavox was warned by Nasdaq that if shares continued to be valued below $1 the company would be dropped from the exchange. "The company intends to consider available options to resolve the noncompliance with the minimum bid price requirement," DynaVox said in a recent SEC filing. "No determination regarding the Company's response has been made at this time." In a separate and unrelated matter, DynaVox said in a separate SEC filing that JoAnn A. Reed would not seek re-election to the company's Board of Directors when her term expires on Dec. 5, 2012. On April 10, 2013, Dynavox announced that it received notification on April 5, 2013 that The NASDAQ Stock Market LLC ("NASDAQ") had determined to delist the Company's Class A common stock from the NASDAQ Global Select Market, effective with the open of business on April 16, 2013. As previously disclosed, on October 2, 2012, the Company received a notice from NASDAQ indicating it was not in compliance with NASDAQ's $1.00 minimum bid price requirement. The delisting is the result of the Company's failure to regain compliance with this requirement. The Company did not appeal the NASDAQ staff's determination. The Company has been advised by OTC Markets Group Inc. that its Class A common stock will be immediately eligible for trading on the OTCQB marketplace effective with the open of business on April 16, 2013. The Company's Class A common stock will continue to trade under the symbol DVOX.
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