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Hikvision, ObjectVideo sign agreement

The Chinese CCTV manufacturer Hikvision has signed a world-wide patent licensing agreement with the US video analytics product firm ObjectVideo, Inc.

Yangzhong Hu, President of Hikvision, said: “Hikvision has a rich intelligent video analytics product line. This line plays an important role in both data mining and data service. With this cooperation 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.”

Raul Fernandez, Chairman and CEO of ObjectVideo, said: “We are very pleased to have Hikvision join our patent licensing program. 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.”

Shiliang Pu, R&D Director of Hikvision, said: “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. We will continue to dedicate ourselves to the development of cutting-edge technology for richer solutions.”

And Chris Capuano, General Counsel of ObjectVideo, said: “As the IP security market continues its rapid growth, video analytics stands out as an important piece of this global solution. 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. Others include Panasonic, Sony, Pelco, Bosch, Tyco / American Dynamics and Flir. ObjectVideo holds 55 US and other patents in the field of video analytics and has 40 other patents pending.


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