Avigilon Corporation (“Avigilon”) (TSX:AVO), a leading global provider of end-to-end security solutions, announced that it has completed the acquisition of the entire patent portfolio and the patent licensing program of ObjectVideo, Inc., for cash consideration of US$80.3 million. Founded in 1998, ObjectVideo is an innovator in the intelligent video solutions market. ObjectVideo’s video analytics patents, now acquired by Avigilon, are licensed and deployed by leading IP video manufacturers around the world.
ObjectVideo received a USPTO Ex Parte Reexamination Certificate ("Certificate") for U.S. Patent Number 7,932,923 (the ‘923 Patent). Issuance of the Certificate signifies the end of the reexamination. Forty-one claims issued as a result of the reexamination proceeding. ObjectVideo previously sued several companies for patent infringement in the United States International Trade Commission and the U.S. […]
Video surveillance products and solutions provider Hikvision, Hangzhou, China, has signed a global patent license agreement with video analytics provider ObjectVideo, based in Reston, Va. “Hikvision has a rich intelligent video analytics product line. This line plays an important role in both data mining and data services,” said Yangzhong Hu, Hikvision’s president. "With this agreement […]
HANGZHOU, China and RESTON, Virginia, March 3, 2014 /PRNewswire/ — Hikvision ( SHE: 002415 ), the global leader of video surveillance products and solutions, is pleased to announce the signing of a worldwide patent license agreement with video analytics provider ObjectVideo, Inc. "Hikvision has a rich intelligent video analytics product line. This line plays an important role in both data mining and data services," said Yangzhong Hu, President of Hikvision. "With this agreement with ObjectVideo, Hikvision is able to accelerate the promotion of intelligent video analytics products and solutions in the global market to better serve our customers and partners." "We are very pleased to have Hikvision join our patent licensing program," noted Raul Fernandez, Chairman and CEO of ObjectVideo. "Hikvision is our first partner from China. We believe Hikvision’s continuous investment in the video analytics field will reinforce its already impressive market position." "Hikvision intelligent video analytics product lines include network cameras, PTZ dome cameras, NVRs and video servers. These products have been successfully applied worldwide in city surveillance, transportation, financial institutions, commercial, and industrial vertical markets," said Shiliang Pu, R&D Director of Hikvision. "We will continue to dedicate ourselves to the development of cutting-edge technology for richer solutions." "As the IP security market continues its rapid growth, video analytics stands out as an important piece of the global solution," said Chris Capuano, General Counsel of ObjectVideo. "Hikvision’s ongoing investment in intelligent products with video analytics is further evidence of the importance of this technology." Hikvision is one […]
Agent Vi provides flexible video analytics solutions, with powerful options for both edge and server based solutions News | CIOL Bureau ROSH HA’AYIN, ISRAEL & RESTON, USA: Agent Vi, a global leader in open architecture video analytics software solutions, jointly announced the signing of a patent license agreement with ObjectVideo. The worldwide, non-exclusive, royalty-bearing license to ObjectVideo’s portfolio of 55 patents provides Agent Vi, its customers and partners, protection for current and future Agent Vi products. Itsik Kattan, CEO of Agent Vi, said: "Agent Vi has been a leading provider of video analytics solutions for the past 10 years, maintaining this leading position through continued innovation and significant global expansion. Our commitment to our ecosystem of product users, sales channels and integration partners has always been our highest priority, and we are happy to have reached this agreement which allows us to shield our ecosystem through a stronger intellectual property foundation." "Agent Vi provides flexible video analytics solutions, with powerful options for both edge and server based solutions," said Raul Fernandez, chairman of ObjectVideo. "We are very pleased to add Agent Vi’s complete product portfolio to the growing list of ‘risk-free’ analytics solutions on the market. Adding Agent Vi to the global roster of licensed video analytics manufacturers further demonstrates the value of ObjectVideo’s patent portfolio to manufacturers regardless of their location and the markets they serve. ObjectVideo’s patent licensees include the leading global developers of video analytics from Israel, Asia, Europe and North America." ObjectVideo holds 55 US […]