Hikvision and ObjectVideo Sign Noteworthy Patent Licensing Agreement

Hikvision is pleased to announce the signing of a world-wide patent licensing 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 service," said Yangzhong Hu, President of Hikvision. "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."

"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 this global solution," noted 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."