ObjectVideo Wins IARPA Finder Program Contract for $15.6M

RESTON, Va., July 23, 2012 /PRNewswire/ -- ObjectVideo®, Inc., the Leader in Intelligent Video, announced today that it has been awarded a $15.6 million contract by the Intelligence Advanced Research Projects Activity (IARPA), Incisive Analysis Office to develop a technology that, with the aid of an analyst, can geolocate an outdoor image or video from anywhere on the land surface of the world, via the use of publicly-available information. Phase 1 of the effort is expected to be completed by June 2014. ObjectVideo is one of four offerors selected to participate in this program.

The Finder Program aims to build on existing research systems to develop technology that augments the analyst's abilities to address the geolocation task. Technical innovations of the system will include the integration of analysts' abilities and automated geolocation technologies to solve geolocation problems; the fusion of diverse, publicly-available, but often imperfect data sources; and expansion of current automated geolocation technologies to work more efficiently and accurately over all terrains and large search areas.

If successful, Finder system will deliver a rigorously-tested technology solution for image and video geolocation tasks in any outdoor terrestrial location.

"We are pleased to be awarded this important contract to help address the challenges analysts face geolocating images and videos of interest," said Raul Fernandez, chairman and CEO of ObjectVideo. "Our R&D Services group is made up more than 30 of the top international experts in the field of computer vision, so they are well qualified to take on this work."

About ObjectVideo's R&D Services
ObjectVideo's R&D Services group is one of the premier computer vision research organizations in the world. The group's mission is to research, prototype and develop novel automated image and video analysis solutions that continue to advance the state-of-the-art. With more than 30 researchers and scientists with highly distinguished track records of consistent innovation and achievement in their specific fields of expertise, the group will continue delivering innovative system solutions across a variety of practice disciplines.

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.

SOURCE ObjectVideo, Inc.