ObjectVideo Enters into Global Patent License Agreement with Panasonic System Networks
RESTON, Virginia, Jan. 9, 2013
RESTON, Virginia, Jan. 9, 2013 /PRNewswire/ -- ObjectVideo, Inc. announced today the signing of its eighth patent licensee, Panasonic System Networks Co., Ltd. of Tokyo, Japan. ObjectVideo has granted Panasonic System Networks a worldwide, nonexclusive, royalty-bearing license to its entire intellectual property portfolio, which includes access to patents relating to broader video and image manipulation, segmentation, video meta data, indexing, search, tripwire and next generation intelligent occupancy sensors.
"We continue to see an increased demand for accurate, easy-to-use analytics in the video surveillance sector," said Raul Fernandez, chairman of ObjectVideo. "As an early inventor of such fundamental technologies, ObjectVideo is pleased to offer our partners access to our intellectual property through our licensing program."
In 2012, ObjectVideo signed portfolio-wide, global patent licensing agreements with Bosch, Pelco by Schneider Electric, Sony Corporation, Tyco Security Products' American Dynamics business unit and VIVOTEK. Seven of the top ten worldwide manufacturers of video surveillance cameras and devices are ObjectVideo licensees.
About ObjectVideo, Inc.
ObjectVideo is a 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.
Edward Troha, Managing Director