Erich Blum has TextExtractor – Optical Character Recognition Scanner has (iTunes Link) for the iPhone and iPod Touch in the iTunes App Store for FREE (regularly 99-cents) for a limited time.

TextExtractor will help you recognize scanned text with high degree of accuracy and also edit, copy, and send it via email. Our company has created an easy-to-use, intuitive,and powerful app that deserves to be placed on the home screen of your iPhone or iPad.