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March Networks Enters Into Patent License Agreement with ObjectVideo

Companies mentioned in this article: ObjectVideo, Inc.

RESTON, Va., 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.

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"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.

About March Networks
March Networks(®), an independent subsidiary of Infinova(®), is a leading provider of intelligent IP video solutions. For more than a decade, the company has helped some of the world's largest commercial and government organizations transition from traditional CCTV to advanced surveillance technologies used for security, loss prevention, risk mitigation and operational efficiency. Its highly scalable and easy to use Command video management platform incorporates a web-based client interface to enable rapid system deployment and complete system control. It is complemented by the company's portfolio of high-definition IP cameras, encoders, video analytics and hybrid recorders, as well as outstanding professional and managed services. March Networks systems are delivered through an extensive distribution and partner network in more than 50 countries. For more information, please visit www.marchnetworks.com.

About ObjectVideo, Inc.
ObjectVideo is a leading innovator in intelligent video solutions with patented video analytics technologies that are licensed and deployed by leading IP video manufacturers around the world. ObjectVideo continues to advance the science of intelligent video with ongoing research and development in areas including intelligent tagging of consumer and commercial video; machine learning; and mobile video intelligence. To stay up-to-date on ObjectVideo news, please click HERE.

Media contacts:
For ObjectVideo, Inc.: Anna Jensen; +1 202 263 5864; ajensen@objectvideo.com
For March Networks: Minu Seshasayee; +1 425 868 3829; minu_seshasayee@interprosepr.com

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SOURCE ObjectVideo, Inc.