ObjectVideo Announces Limited Time Global, Portfolio-Wide IP Amnesty Program
Reston, Virginia, USA (March 22, 2012) – ObjectVideo®, the Leader in Intelligent Video, today announced the launch of an IP amnesty program, which is intended to give qualified video analytic providers a 60-day window to enter into a global, portfolio-wide patent licensing agreement with OV. Participation in the program entails a one-time fee and a pay-as-you-go patent licensing agreement. ObjectVideo will waive past damages for amnesty program participants.
Sony and Tyco recently entered into global portfolio wide patent licenses with ObjectVideo. "With over 45 domestic and international patents awarded and more than 40 pending, this is an opportunity for industry partners to license our patent portfolio without the risk and cost of litigation," said Raul Fernandez, chairman and CEO of ObjectVideo. "We have an established rate card and a proven process that facilitates a streamlined transaction. We previewed this program with several companies, received good feedback and are currently working towards finalizing those agreements."
About ObjectVideo, Inc.
ObjectVideo is the world's leading innovator and practitioner in intelligent video software, utilized by organizations worldwide to enhance security, streamline operations and provide business intelligence. ObjectVideo's patented technology can be effectively deployed anywhere within a video system and is available to market through leading providers as a high-value component of the surveillance solution. The Company has an experienced leadership team and maintains a strong partner sales network of manufacturers and technology providers around the world. To stay up-to-date on ObjectVideo news, visit www.objectvideo.com/news/.