BEIJING, Jan. 5, 2011 /PRNewswire-Asia-FirstCall/ -- Vimicro International Corporation (Nasdaq: VIMC) ("Vimicro") a leading multimedia semiconductor and solution provider, today announced that the digital surveillance standard -Surveillance Video and Audio Coding (SVAC), was officially released from the Standardization Administration of China on Dec. 31, 2010.
The new national standard for China was co-founded by Vimicro and the first Research Institute of Ministry of Public Security, along with contributions from more than 40 scientific research institutes, universities and security industry companies. SVAC is the first technology standard designed to solve the unique needs of the surveillance industry. It has special significance for the establishment of China public security and criminal prevention system. SVAC will be implemented on May 1, 2011 and be the preferred protocol in government contracts and available to all suppliers participating in the surveillance industry.
"We are very pleased to receive the approval of the SVAC surveillance standard, an important breakthrough for Vimicro," said John Deng, Chairman and CEO of Vimicro, "The surveillance market is very huge in China. SVAC will promote the orderly development of the surveillance industry in China and help drive Vimicro's surveillance business growth."
About Vimicro International Corporation
Vimicro International Corporation is a leading multimedia semiconductor and solution provider that designs, develops and markets mixed-signal semiconductor products and system-level solutions that enable multimedia capabilities in a variety of products for the consumer electronics and communications markets. Vimicro is also expanding business into the surveillance market with system-level solutions and semiconductor products. Vimicro's ADSs, each of which represents four ordinary shares, are currently trading on the NASDAQ Global Market under the ticker symbol "VIMC."
SOURCE Vimicro International Corporation