VideoIQ, the recognized in advanced video analytic surveillance solutions, jointly announced the signing of a patent license agreement with ObjectVideo, an innovator in intelligent video solutions with patented video analytics.
VideoIQ, the recognized in advanced video analytic surveillance solutions, jointly announced the signing of a patent license agreement with ObjectVideo, an innovator in intelligent video solutions with patented video analytics. ObjectVideo has provided VideoIQ a worldwide, nonexclusive, royalty-bearing license to its patent portfolio.
"VideoIQ has a strong history for innovation and this agreement gives us freedom to continue to pursue our forward-thinking video analytics roadmap. This partnership expands the boundaries in our development of intelligent analytics to help prevent crime." said Ed Bednarcik, CEO of VideoIQ.
"VideoIQ was one of the early pioneers in intelligent video and continues to be a leader in the market for HD adaptive analytics and integrated recording," said Raul Fernandez, Chairman of ObjectVideo. "We were very pleased when VideoIQ approached us about licensing ObjectVideo's intellectual property and are very pleased to add VideoIQ's intelligent ICVR IP Cameras, Rialto Encoders and software to the growing list of "risk-free" analytics solutions in the market."
ObjectVideo holds 54 US and international patents in the field of video analytics. Other ObjectVideo licensees include Panasonic, Sony, Pelco, Bosch Security Systems, Tyco Security Products, IntelliVision, Aimetis, 3VR, UDP Technology and VIVOTEK.