RESTON, Virgina, April 9, 2013 /PRNewswire/ -- ObjectVideo, Inc. announced today the signing of a patent license agreement with UDP Technology Ltd. of Seoul, Korea, a leading global provider of digital video solutions for the security and IP surveillance industries. ObjectVideo has provided UDP a worldwide, non-exclusive, royalty-bearing license to its patent portfolio.
"UDP Technology is the first ODM to join our growing list of patent licensees," said Chris Capuano, General Counsel of ObjectVideo. "The patent license covers UDP's customers for the many UDP-provided products that contain video analytics, such as IP Cameras, IP encoders, and VCA analytics software for both IP and PC server applications. We are pleased to welcome UDP to our patent license program."
"This agreement gives our customers and partners a competitive advantage over unlicensed suppliers in the marketplace," said Mr. James Ahn, President and CEO of UDP Technology. "UDP has a strong reputation for innovation, and this agreement allows us to build upon our already significant portfolio of analytics products developed by our subsidiary, VCA Technology."
UDP Technology is the eleventh 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, and VIVOTEK. ObjectVideo holds 52 US and international patents and has 40 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 the 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 UDP Technology Ltd. UDP is a leading OEM and ODM supplier of both hardware and analytics software renowned for its product quality, performance, support and innovation. Its products are used by some of the world's leading suppliers in security and business intelligence. UDP's products utilize analytics developed by its subsidiary, VCA Technology. For more information on UDP products and services, please visit www.udptechnology.com or www.vcatechnology.com.