Exhibit 99.1 Cerence Announces Third Quarter Fiscal Year 2024 Results Headlines • Q3 revenue in-line with guidance; positive cash flow from operations of $12.9 million • Five generative AI customer programs released to production • Transformation plans estimated to deliver net annualized cost savings of $35-40 million, predominantly realized in FY25 BURLINGTON, Mass., August 8, 2024 – Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today reported its third quarter fiscal year 2024 results for the qua ...

Cerence (NASDAQ: CRNC) is the global industry leader in creating unique, moving experiences for the mobility world. As an innovation partner to the world's leading automakers and mobility OEMs, it is helping advance the future of connected mobility through intuitive, AI-powered interaction between humans and their vehicles, connecting consumers' digital lives to their daily journeys no matter where they are. Cerence's track record is built on more than 20 years of knowledge and 500 million cars shipped with ...

To learn more about Cerence, visit www.cerence.com, and follow the company on LinkedIn and Twitter. across multiple markets in China and Europe and continued expansion into high-potential markets in Southeast Asia and the Middle East. From 2022 to 2025, smart will bring an all-new model to customers each year, further enriching the new generation all-electric product portfolio. For its next-gen platform, smart has prioritized leveraging AI to enhance the user experience, turning to Cerence and its industry- ...

"It is a privilege to take on this additional responsibility at an important time for the company," said Nils Schanz, Chief Product Officer, Cerence. "Bringing our product and technology teams together reflects how we've already been operating as a company to seamlessly deliver for our customers. We have a strong team in place, and I look forward to continuing to advance our strategy and execute on our generative AI roadmap." Mr. Schanz joined Cerence in October 2022 following a 15-year tenure at Mercedes-B ...

"As Chief Product Officer, Nils has been a driving force behind our continued innovation across our core products and new generative AI portfolio. He was instrumental to launching Cerence Chat Pro, our uniquely intelligent, automotive-grade ChatGPT integration that has quickly been adopted by Volkswagen, Audi, and others, as well as generative AI-powered Cerence Car Knowledge," said Stefan Ortmanns, CEO, Cerence. "Our product and technology teams already work closely together to create immersive, AI-powered ...

Core Insights - Cerence Inc. announced a partnership with Audi to enhance its in-car assistant using generative AI technology [1][2] - Audi will implement Cerence Chat Pro in vehicles equipped with the MIB 3 infotainment platform, starting with model year 2021 and future models [2][3] - The collaboration aims to improve the user experience by providing automotive-grade generative AI applications for safer and more enjoyable driving [3][4] Company Overview - Cerence is a leader in AI-powered interaction for the automotive industry, with over 20 years of experience and 475 million cars equipped with its technology [5] - The company focuses on creating intuitive, AI-driven experiences that connect consumers' digital lives with their mobility needs [5] - Cerence's solutions are designed to enhance safety, comfort, and productivity for drivers and passengers [4][5]

With a dual focus on creating added value for cars already on the road as well as advancing its in-car assistant capabilities for the future, Audi will first deploy Cerence Chat Pro in Audi vehicles equipped with the MIB 3 infotainment platform, beginning with model year 2021 via back-end activation as well as upcoming models. In addition, Cerence Chat Pro will be integrated as part of Audi's in-car assistant, extending its capabilities within HCP3, the new, high-performance computing and infotainment platf ...

Cerence (CRNC) is expanding its footprint in the automotive industry with the deployment of Cerence Chat Pro, an advanced, automotive-grade ChatGPT integration, across Volkswagen Group's (VWAGY) European lineup. The collaboration, initially announced at CES 2024, brings generative AI-powered enhancements to drivers — enabling engaging and conversational interactions through the IDA voice assistant. Strong Partner Base Aids Cerence's Prospects The company recently announced BMW Group's integration of Cerence ...

BURLINGTON, Mass., June 24, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ:CRNC), AI for a world in motion, today announced that Volkswagen Group has deployed Cerence Chat Pro, the company's uniquely intelligent, automotive-grade ChatGPT integration, to models across Volkswagen's European lineup via cloud update, marking the first time the solution is available to drivers. Cerence and Volkswagen first announced their collaboration to launch these new, generative AI-powered enhancements to the IDA in-car assi ...

BURLINGTON, Mass., June 12, 2024 (GLOBE NEWSWIRE) -- Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, today announced that Jennifer Salinas, Senior Vice President & General Counsel, has been promoted to the newly created role of Executive Vice President & Chief Administrative Officer, effective June 7, 2024. In her expanded role, Ms. Salinas will oversee the company's day-to-day administrative activities and corporate operations, including facilitating strategic planning, partnering with the leadershi ...