HANGZHOU, China and RESTON, Va., March 3, 2014 /PRNewswire/ -- Hikvision, 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 of 18 companies joining ObjectVideo's patent licensing program. Others include Panasonic, Sony, Pelco, Bosch, Tyco/American Dynamics, Flir etc. ObjectVideo holds 55 U.S. and international patents in the field of video analytics and also has 40 additional U.S. and international patents pending.