Hikvision, ObjectVideo Sign Patent Licensing Agreement
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 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.”
Hikvision is now one of 18 companies that have joined ObjectVideo’s patent licensing program.
“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.”
"As the IP security market continues its rapid growth, video analytics stands out as an important piece of the global solution," said Chris Capuano, ObjectVideo’s general counsel. "Hikvision's ongoing investment in intelligent products with video analytics is further evidence of the importance of this technology.”