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ObjectVideo Enters Into Patent Licensing Agreement With Tyco Security Products' American Dynamics Business Unit(February 01, 2012)
RESTON, VA -- (Marketwire) -- 02/01/12 -- ObjectVideo®, Inc., the Leader in Intelligent Video, announced today the signing of a global patent licensing agreement with Tyco Security Products' American Dynamics business unit. This agreement provides American Dynamics access to ObjectVideo's portfolio of video analytics patents as American Dynamics develops and launches a wide-range of its own video analytics software and hardware products.
"ObjectVideo has been at the forefront of the innovation and invention surrounding video analytics," said Raul Fernandez, CEO of ObjectVideo. "We have developed a highly regarded software product that is in the market today, and for more than a decade, we have invested heavily in R&D. We proactively protected our investment and innovation by filing and being granted a large and growing set of patents around video analytics. We are very pleased to enter into this global IP licensing agreement with an industry leader in the field of video surveillance."
"IP video products and solutions are experiencing significant growth on a global scale. Video analytic capabilities are becoming a larger part of those products and solutions," continued Fernandez. "As manufacturers scale their video analytics offerings, OV can partner with them for software product or IP licensing to provide critical and value-added video analytics capabilities."
"Our American Dynamics business is developing a broad range of video analytics-enabled products," said Warren Brown, vice president of product management for Tyco Security Products. "As part of our pre-launch process, it was important to ensure that the growth we expect from these products would not be negatively affected by legal issues," continued Mr. Brown. "This agreement with ObjectVideo gives us that certainty, allowing us to focus on the more important tasks of building great products that delight our customers."
About Tyco Security Products
Tyco Security Products, a business unit of Tyco International, is a unified group of world-leading access control, video and intrusion brands. Operating in more than 40 offices with over 2000 employees, these brands -- American Dynamics, Bentel, CEM Systems, DSC, Kantech, Software House, CONNECT24 and Sur-Gard -- have more combined years of experience in the security industry than any other group in the world. Our security integration platforms, built by our developers from across all product disciplines allow our customers to see more, do more, and save more. Our solutions today are designed to be compatible with the technology of tomorrow. For more information visit www.americandynamics.net
About ObjectVideo, Inc.
ObjectVideo is the world's leading innovator and practitioner 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. The Company is well-resourced, has an experienced leadership team and maintains a strong partner sales network of manufacturers and technology providers around the world. To stay up-to-date on ObjectVideo news, please visit www.objectvideo.com/news/
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