Objectvideo, announced that 3VR, the video intelligence company has joined the growing number of video analytics leaders as licensees of Objectvideo's patent-portfolio. The agreement gives 3VR a global, portfolio-wide license to the full portfolio of Objectvideo video analytics patents and ensures 3VR complete freedom to expand and grow its already broad portfolio of video intelligence and automated monitoring solutions for the life of the agreement.
Objectvideo, announced that 3VR, the video intelligence company has joined the growing number of video analytics leaders as licensees of Objectvideo's patent-portfolio. The agreement gives 3VR a global, portfolio-wide license to the full portfolio of Objectvideo video analytics patents and ensures 3VR complete freedom to expand and grow its already broad portfolio of video intelligence and automated monitoring solutions for the life of the agreement.
"We are pleased to have entered into a global, portfolio-wide license agreement with 3VR, one of the early pioneers in the video analytics arena,” said Raul Fernandez, Chairman of Objectvideo. “They are a strong partner for Objectvideo."
"This agreement provides certainty for our partners and customers and gives 3VR greater flexibility to continue to innovate and grow our video intelligence platform, with an ever expanding plug-in library," said Al Shipp, CEO, 3VR.
3VR is the twelfth licensee to join Objectvideo's patent licensing program; other licensees include Panasonic, Sony Corporation, Pelco by Schneider Electric, Bosch Security Systems, Tyco Security Products' American Dynamics business unit, Intellivision, Aimetis, VIVOTEK and UDP. Objectvideo holds 53 U.S. and international patents and has 44 U.S. and international patents pending.