Looxcie And IQT Enter Into Strategic Partnership To Develop New Wearable Videocams

SUNNYVALE, Calif., June 28, 2012 /PRNewswire/ -- Looxcie, Inc., makers of the first ever "wear and share" video cam today announced a Strategic Partnership and Technology Development Agreement with In-Q-Tel (IQT), the non-profit, strategic investment firm that identifies innovative technology solutions to support the missions of the U.S. Intelligence Community. The agreement will enable the design and development of next generation videocams utilizing Looxcie's intellectual property. The technology is being developed for the Department of Homeland Security Science and Technology Directorate (DHS S&T), an IQT customer agency.

"We are delighted to partner with an organization like In-Q-Tel to build the next generation of high powered, low footprint videocams," said Looxcie CEO Romulus Pereira. "Fusing Looxcie's intellectual property with IQT'S support will result in a powerful tool with capabilities beneficial for both the commercial and government markets."

"Looxcie has broken new ground in giving consumers and businesses a convenient and powerful tool for capturing and sharing or preserving events. We're eager to expand our product offerings into the security market."

"Looxcie has established itself as a market leader in wearable videocam technology and we are impressed with the unique capabilities offered by the company," said Steve Bowsher, Managing Partner at IQT. "Our partnership with Looxcie will provide our government customers with an opportunity to utilize and build upon this innovative product."

About Looxcie, Inc.
Looxcie, Inc. is the creator of the first mobile-connected, handsfree, wearable video cam that frees people to be active participants in the moment, while recording and sharing on the go. The company recently launched the first group-cast live video streaming solution, LooxcieLive, in November 2011.Founded in 2008, Looxcie is headquartered in Sunnyvale, CA.

For more information, visit www.looxcie.com.
Become a fan on Facebook: www.facebook.com/Looxcie or follow us at ww.twitter.com/LooxcieCam

About IQT
In-Q-Tel is the not-for-profit, strategic investment firm that works to identify, adapt, and deliver innovative technology solutions to support the missions of the U.S. Intelligence Community. Launched in 1999 as a private, independent organization, IQT's mission is to identify and partner with companies developing cutting-edge technologies that serve the national security interests of the United States. Working from an evolving strategic blueprint defining the Intelligence Community's critical technology needs, IQT engages with entrepreneurs, startups, researchers, and investors to deliver technologies that provide superior capabilities for the CIA and broader Intelligence Community. For more information, visit www.iqt.org.

SOURCE Looxcie, Inc.