3VR and ObjectVideo Enter Into Global Video Analytics Patent License Agreement

RESTON, Virginia, April 11, 2013 /PRNewswire/ -- ObjectVideo, Inc., announced today that 3VR, the video intelligence company has joined the growing number of video analytics leaders as licensees of ObjectVideo's patent-portfolio.

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The agreement gives 3VR a global, portfolio-wide license to the full portfolio of ObjectVideo video analytics patents and ensures 3VR complete freedom to expand and grow its already broad portfolio of Video Intelligence and Automated Monitoring solutions for the life of the agreement.

"We are pleased to have entered into a global, portfolio-wide license agreement with 3VR, one of the early pioneers in the video analytics arena.  They are a strong partner for OV, a pioneer in Video Intelligence, and a strong player in the intelligent VMS and Hybrid NVR marketplace," said Raul Fernandez, chairman of ObjectVideo.

"This agreement provides certainty for our partners and customers and gives 3VR greater flexibility to continue to innovate and grow our Video Intelligence Platform, with an ever expanding plug-in library," said Al Shipp, CEO, 3VR Inc.

3VR is the twelfth licensee to join ObjectVideo's patent licensing program; other licensees include Panasonic, Sony Corporation, Pelco by Schneider Electric, Bosch Security Systems, Tyco Security Products' American Dynamics business unit, IntelliVision, Aimetis, VIVOTEK and UDP.  ObjectVideo holds 53 U.S. and international patents and has 44 U.S. and international patents pending.

About ObjectVideo, Inc.
ObjectVideo is a leading innovator 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. To stay up-to-date on ObjectVideo news, please click HERE.

About 3VR
3VR, the video intelligence company, enables organizations to search, mine and leverage video to bolster security, identify and mitigate fraud and better serves customers. 3VR's Video Management Software, Network Video Recorders, and Video Analytics allow video surveillance systems to reach their true potential, and deliver a measurable and sustainable return on investment. 3VR is the video intelligence standard for hundreds of global customers, including leading banks, retailers, governments and law enforcement agencies and owns CrimeDex, an online community of thousands of fraud, loss prevention and law enforcement professionals dedicated to stopping crime. Visit http://www.3vr.com for more information.

CONTACT: Victoria Palley, Analyst, ObjectVideo, Inc., +1-703-654-9394, vblack@objectvideo.com

SOURCE ObjectVideo, Inc.