SSI logo

ObjectVideo Launches IP Amnesty Program for Limited Time

ObjectVideo (OV) announced today it has launched an IP amnesty program that will give qualified video analytic providers a 60-day window to enter into a global, portfolio-wide patent licensing agreement with OV.




RESTON, Va.ObjectVideo (OV) announced today it has launched an IP amnesty program that will give qualified video analytic providers a 60-day window to enter into a global, portfolio-wide patent licensing agreement with OV.

The announcement comes weeks after Sony and Tyco Security Products signed patent license agreements with the firm. In July 2011, OV filed a complaint with the U.S. International Trade Commission (ITC) against Sony, Samsung and Bosch, citing that the companies infringed upon OV’s patent technologies. OV has yet to reach an agreement with Samsung and Bosch.

Participation in the program requires a one-time fee and a pay-as-you-go patent licensing agreement. OV will waive past damages for amnesty program participants.

OV is working toward finalizing agreements with several companies after it provided a preview of the accord, OV CEO Raul Fernandez says.

“With over 45 domestic and international patents awarded and more than 40 pending, this is an opportunity for industry partners to license our patent portfolio without the risk and cost of litigation,” he says. “We have an established rate card and a proven process that facilitates a streamlined transaction.”

OV has set June 1 deadline to apply for the licensing agreement.

 


Article Topics
Business Management · Video Surveillance · News · Industry News · ObjectVideo · Patent Agreements · All Topics

Security Is Our Business, Too

For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add sales to your bottom line.
A free subscription to the #1 resource for the residential and commercial security industry will prove to be invaluable. Subscribe today!

Industry News, ObjectVideo, Patent Agreements


Commenting is not available in this channel entry.
Latest Download!
Guidelines to Understanding the Benefits of Security Camera Illumination


LATEST SECURITY RESOURCES


View all security resources & downloads

EDITOR'S CHOICE