Patent Licensing Agreement for Tyco, Intelligent Video Software Provider
ObjectVideo Inc., Reston, Va., a developer of intelligent video software, signed 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, chief executive officer 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.