RESTON, Virginia, Nov. 12, 2012 /PRNewswire/ -- ObjectVideo, Inc. announced today the signing of a global, portfolio-wide patent license agreement with Pelco of Clovis, Ca., USA. The agreement also settles a patent infringement lawsuit between the companies in the Eastern District of Virginia. ObjectVideo and Pelco have asked the United States International Trade Commission (USITC) to terminate its investigation involving Pelco's newly licensed products.
"We are pleased to have entered into a global, portfolio-wide license agreement with Pelco and to have the benefit of a cross license to Pelco's intellectual property," said Raul Fernandez, chairman of ObjectVideo.
Pelco is the sixth licensee to join ObjectVideo's patent licensing program; other licensees include Sony Corporation, Tyco Security Products' American Dynamics business unit and VIVOTEK. ObjectVideo holds 47 US and international patents and has 45 US and international patents pending.
About ObjectVideo, Inc.
ObjectVideo is a leading innovator of 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. For more information, please visit www.objectvideo.com
Edward Troha, Managing Director