3VR and ObjectVideo Enter Into Global Video Analytics Patent License Agreement
RESTON, Virginia, April 11, 2013
RESTON, Virginia, April 11, 2013 /PRNewswire/ --ObjectVideo, Inc., announced
today that 3VR, the video intelligence company has joined the growing number
of video analytics leaders as licensees of ObjectVideo's patent-portfolio.
(Logo: http://photos.prnewswire.com/prnh/20130109/PH39430LOGO )
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.
They are a strong partner for OV, a pioneer in Video Intelligence, and a
strong player in the intelligent VMS and Hybrid NVR marketplace," said Raul
Fernandez, chairman of 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 Inc.
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
About ObjectVideo, Inc. ObjectVideo is a leading innovator in 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. To stay up-to-date on ObjectVideo news, please
click HERE .
About 3VR 3VR , the video intelligence company, enables organizations to
search, mine and leverage video to bolster security, identify and mitigate
fraud and better serves customers. 3VR's Video Management Software , Network
Video Recorders , and Video Analytics allow video surveillance systems to
reach their true potential, and deliver a measurable and sustainable return on
investment. 3VR is the video intelligence standard for hundreds of global
customers, including leading banks, retailers, governments and law enforcement
agencies and owns CrimeDex , an online community of thousands of fraud, loss
prevention and law enforcement professionals dedicated to stopping crime.
Visit http://www.3vr.com for more information.
CONTACT: Victoria Palley, Analyst, ObjectVideo, Inc., +1-703-654-9394,
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