BEDFORD, Mass. and RESTON, Va., Aug. 20, 2013 /PRNewswire/ -- VideoIQ, the recognized leader in advanced video analytic surveillance solutions, today jointly announced the signing of a patent license agreement with ObjectVideo, a leading innovator in intelligent video solutions with patented video analytics. ObjectVideo has provided VideoIQ a worldwide, nonexclusive, royalty-bearing license to its patent portfolio.
"VideoIQ has a strong history for innovation and this agreement gives us freedom to continue to pursue our forward-thinking video analytics roadmap. This partnership expands the boundaries in our development of intelligent analytics to help prevent crime." said Ed Bednarcik, CEO of VideoIQ.
"VideoIQ was one of the early pioneers in intelligent video and continues to be a leader in the market for HD adaptive analytics and integrated recording," said Raul Fernandez, Chairman of ObjectVideo. "We were very pleased when VideoIQ approached us about licensing ObjectVideo's intellectual property and are very pleased to add VideoIQ's intelligent ICVR IP Cameras, Rialto Encoders and software to the growing list of "risk-free" analytics solutions in the market."
ObjectVideo holds 54 US and international patents in the field of video analytics. Other ObjectVideo licensees include Panasonic, Sony, Pelco, Bosch Security Systems, Tyco Security Products, IntelliVision, Aimetis, 3VR, UDP Technology and VIVOTEK.
Imagine if video could see and think the way we do. VideoIQ's patented technologies enable cameras to do just that. VideoIQ watches constantly and filters out 99.9% of the noise—focusing on the 0.1% of video events that you need to know about. VideoIQ is the leader in the application of intelligent analytics to video surveillance. We are the brains behind real-time video analysis systems that learn—so you know before bad things happen. Protect what matters to you anywhere, all the time with VideoIQ. Learn more
About ObjectVideo, Inc.
ObjectVideo is a leading innovator in intelligent video solutions with patented video analytics technologies that are licensed and employed by leading IP video manufacturers around the world. ObjectVideo continues to advance the science of intelligent video with ongoing research and development in areas including: intelligent tagging of consumer and commercial video; machine learning and mobile video intelligence. To stay up-to-date on ObjectVideo news, please click HERE
SOURCE ObjectVideo, Inc.