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ObjectVideo and Sony Enter Into Patent License Agreement(February 08, 2012)
RESTON, VA -- (Marketwire) -- 02/08/12 -- ObjectVideo®, Inc., the Leader in Intelligent Video, announced today that with the signing of a patent license agreement with Sony Corporation, it has asked the United States International Trade Commission (USITC) to terminate its investigation with respect to Sony's video-based surveillance products, and the two companies have settled all outstanding claims.
"We are pleased to have reached this patent licensing agreement and settlement with Sony," said Raul Fernandez, CEO of ObjectVideo. "We are fully committed to continuing the development of innovative video analytics technology, protecting those inventions and helping our software and patent licensing partners deliver great products to the market."
About ObjectVideo, Inc.
ObjectVideo is the world's 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. 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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