March Networks Enters Into Patent License Agreement with ObjectVideo
RESTON, Virginia, Aug. 7, 2014 /PRNewswire/ — ObjectVideo, Inc., a technology and solutions company, announced today the signing of a global patent license with March Networks®, a global provider of intelligent IP video solutions. This multi-year, global royalty-bearing agreement applies to March Networks’ video analytics-enabled IP cameras, encoders and high performance 8000 Series hybrid network video recorders.
"March Networks has a well-recognized reputation for bringing to market innovative intelligent video products that solve business needs," said Peter Strom, CEO of March Networks. "This license agreement with ObjectVideo will provide us with the flexibility to continue to provide the best video solutions for retail, financial and other organizations worldwide."
"We are very pleased to welcome March Networks to our growing patent licensing program," said Raul Fernandez, CEO and Chairman of ObjectVideo. "Having an industry leader like March Networks join our program reflects the value and importance of our growing intellectual property."
March Networks is one of nineteen companies to join ObjectVideo’s patent licensing program. Others include Hikvision, Panasonic, Sony, Pelco, Bosch, Tyco/American Dynamics, FLIR, Vivotek, UDP, VideoIQ, 3VR and AgentVi. ObjectVideo holds 57 US and international patents in the field of video analytics and has over 40 US and international patents pending.