Patent licensing program:
Building in the cost of innovation
Timeline
In the fall of 2008, ObjectVideo was approached by a leading global manufacturer in the IP video market about entering into a patent licensing agreement. Those discussions resulted in the first patent licensing agreement in the summer of 2009. The experience encouraged ObjectVideo management and R&D Services leadership to begin a thorough assessment of the value of its intellectual property portfolio.
In 2009, ObjectVideo officially launched a patent licensing program in order to give companies who are not ObjectVideo software customers the opportunity to legally incorporate the innovative features of its intellectual property portfolio, the result of significant R&D investment.
In early 2011, after retaining Robins, Kaplan, Miller, & Ciresi LLP as legal counsel, ObjectVideo filed two legal actions against Bosch, Samsung and Sony: a VA District Court case and a complaint at the United States International Trade Commission (USITC.)
In February 2012, Sony decided to settle these actions and enter into a global patent licensing agreement with ObjectVideo. Since the 2011 public announcement of legal activities, a number of companies have proactively reached out to ObjectVideo to express interest in a licensing agreement. Two of these, Mirasys and Tyco Security, have also signed patent license agreements.
Rationale
Not only does this program enable companies to utilize OV's seminal inventions in their own product offerings, but ObjectVideo continues to reinvest dollars in further innovation of video analytics technology. ObjectVideo currently holds 47 United States Patent & Trademark Office (USPTO) and international patents in the fields of computer vision and analytics, and has 49 USPTO and international patents pending. Our scientists and engineers continue to lead innovation in computer vision technology and in further developing and improving our core software product, ObjectVideo.
ObjectVideo's patent licensing program:
- Is market-tested
- Is fair and reasonable
- Encourages further video analytics innovation
ObjectVideo encourages frank, constructive business discussions with all interested parties. Additionally, we are happy to explore software licensing opportunities. Please contact us in confidence at
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.
for more information and specifics.