Pelco and ObjectVideo Enter Into Global, Portfolio-Wide Patent License
RESTON, Virginia, Nov. 12, 2012
RESTON, Virginia, Nov. 12, 2012 /PRNewswire/ -- ObjectVideo, Inc. announced
today the signing of a global, portfolio-wide patent license agreement with
Pelco of Clovis, Ca., USA. The agreement also settles a patent infringement
lawsuit between the companies in the Eastern District of Virginia. ObjectVideo
and Pelco have asked the United States International Trade Commission (USITC)
to terminate its investigation involving Pelco's newly licensed products.
"We are pleased to have entered into a global, portfolio-wide license
agreement with Pelco and to have the benefit of a cross license to Pelco's
intellectual property," said Raul Fernandez, chairman of ObjectVideo.
Pelco is the sixth licensee to join ObjectVideo's patent licensing program;
other licensees include Sony Corporation, Tyco Security Products' American
Dynamics business unit and VIVOTEK. ObjectVideo holds 47 US and international
patents and has 45 US and international patents pending.
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
media contact: Edward Troha, Managing Director ObjectVideo, Inc.
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