BEIJING, Feb. 26, 2019 /PRNewswire/ -- Sogou Inc. (NYSE: SOGO) ("Sogou" or "the Company"), an innovator in search and a leader in China's internet industry, announced that it has been named one of Fast Company's 2019 Most Innovative Companies, an award which recognizes organizations that are transforming their industries and broader society.
Fast Company selected Sogou as one of the most innovative companies in China due to the company's AI-powered portable translation devices that feature industry-leading image and speech recognition capabilities, as well as the ability to operate offline and simultaneously translate speech into different languages. In addition, Fast Company noted that Sogou's smart translation devices have tapped into significant consumer demand, as evidenced by the Sogou Travel Translator selling out on the day of its launch with sales exceeding $1.6 million.
"We are very pleased that Sogou has been recognized as an innovative leader in China," said Xiaochuan Wang, CEO of Sogou. "Sogou's AI-powered smart translation devices are just one example of how AI technology is unlocking a world of possibilities. Seamless human-machine interaction is one of the next frontiers in the tech industry, and we are committed to driving innovation in this area by enhancing machine comprehension and understanding through the development of highly accurate voice and image recognition capabilities to smart translation, Q&A and direct answer technologies. As we continue to advance our AI technology and develop new user applications, I am confident that Sogou will remain at the forefront of innovation in China."
This year's edition of Fast Company's Most Innovative Companies also included other Chinese internet companies such as Meituan Dianping, Alibaba Group and Ant Financial. The full list of China honorees can be found at: https://www.fastcompany.com/most-innovative-companies/2019/sectors/china
Safe Harbor Statement
This announcement contains forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. These statements are based on current plans, estimates, and projections, which involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, intense competition in the market for search and search-related services; our need to continually innovate and adapt in order to grow our business; our reliance on Tencent platforms for a significant portion of our user traffic; and uncertainty regarding the extent and reach of PRC governmental regulation of sponsored search. Further information regarding these and other risks is included in Sogou's Annual Report on Form 20-F for the year ended December 31, 2017 filed with the Securities and Exchange Commission on February 28, 2018, and other documents Sogou files with or submits to the Securities and Exchange Commission.
Sogou Inc. (NYSE: SOGO) is an innovator in search and a leader in China's internet industry. With a mission to make it easy to communicate and get information, Sogou has grown to become the second largest search engine by mobile queries and the fourth largest internet company by MAU in China. Sogou has a wide range of innovative products and services including the Sogou Input Method, which is the largest Chinese language input software for both mobile and PC. Sogou is also at the forefront of AI development and has made significant breakthroughs in voice and image technologies, machine translation, and Q&A, which have been successfully integrated into our products and services.
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SOURCE Sogou Inc.