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Last updated on April 18, 2014 at 17:24 EDT

ObjectVideo and VIVOTEK Enter Into Global, Portfolio-Wide Patent License Agreement

June 6, 2012

RESTON, Va., June 6, 2012 /PRNewswire/ — ObjectVideo, Inc. announced today the signing of a global patent license agreement with VIVOTEK, a leading provider of IP (Internet protocol)-based surveillance solutions.

“We are pleased to have reached this global agreement with VIVOTEK. It covers our complete portfolio of intellectual property and is applicable to a wide range of products, including network cameras, encoders and servers,” said Raul Fernandez, CEO of ObjectVideo. “We are fully committed to continued innovation, the licensing of our patents and software, and the protection of our inventions.”

Owen Chen, chairman of VIVOTEK, believes that the application of intelligent devices in IP surveillance industry is critical. “We have been planning to implement video analysis on various models from each product line,” said Chen. “With these innovative algorithms available on our cameras, VIVOTEK would be able to provide even more complete and effective surveillance solutions to benefit all members of the security industry.”

Earlier this year, ObjectVideo entered into portfolio-wide global patent licensing agreements with Tyco Security Products’ American Dynamics business unit and Sony Corporation. ObjectVideo holds 47 United States Patent & Trademark Office (USPTO) and International patents, along with 49 USPTO and International patents pending in the field of computer vision.

About ObjectVideo, Inc.
ObjectVideo is the world’s leading innovator of intelligent video software, utilized by organizations worldwide to enhance security, streamline operations and provide business intelligence. ObjectVideo’s patented technology can be effectively deployed anywhere within a video system and is available to market through leading providers as a high-value component of the surveillance solution. For more information, please visit www.objectvideo.com.

About VIVOTEK
VIVOTEK, established in 2000, has quickly taken its place as a leading brand in the security industry. Known for delivering world-class IP surveillance solutions, VIVOTEK specializes in system applications and integrations. With the innovative R&D teams adopting ground-breaking codec technologies, VIVOTEK provides a wide range of products, including network cameras, video servers, video receivers and central management systems. VIVOTEK (TAIEX: 3454) was listed on the Taiwan Stock Exchange in 2006. In 2008, a branch office was set up in California, USA. VIVOTEK currently has relationships with more than 150 authorized distributors in over 80 countries. For more information, please visit www.vivotek.com.

SOURCE ObjectVideo, Inc.


Source: PR Newswire