IntelliVision and ObjectVideo Enter Into Global, Portfolio-Wide Patent License Agreement
RESTON, Va., Feb. 25, 2013 /PRNewswire/ — ObjectVideo, Inc., announced today that IntelliVision of San Jose, CA has joined the growing number of video analytics leaders as licensees of ObjectVideo’s patent-portfolio.
The agreement gives IntelliVision a global, portfolio-wide license to the full portfolio of ObjectVideo patents and ensures IntelliVision complete freedom to expand and grow its already broad portfolio of Video Intelligence and Automated Monitoring solutions for the life of the agreement.
“We are pleased to have entered into a global, portfolio-wide license agreement with IntelliVision, one of the early pioneers in the video analytics arena. They are a strong partner for OV and for the many IP Camera, encoder and VMS providers they serve,” said Raul Fernandez, chairman of ObjectVideo.
“This agreement provides certainty for our partners and customers and gives IntelliVision greater flexibility to continue to innovate and grow as an analytics leader,” said Vaidhi Nathan, CEO, IntelliVision Corp.
IntelliVision is the ninth licensee to join ObjectVideo’s patent licensing program; other licensees include Panasonic, Sony Corporation, Pelco by Schneider Electric, Bosch Security Systems, Tyco Security Products’ American Dynamics business unit and VIVOTEK. ObjectVideo holds 52 U.S. and international patents and has 40 U.S. and international patents pending.
About ObjectVideo, Inc.
ObjectVideo is a leading innovator in 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. To stay up-to-date on ObjectVideo news, please click HERE.
IntelliVision is one of the pioneers in the video analytics with a wide variety of solutions for security, surveillance and retail markets. IntelliVision products are used with security and monitoring systems, IP Cameras, VMS and DVR systems. For more information: www.Intelli-Vision.com
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