MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Avigilon Acquires ObjectVideo’s Entire Patent Portfolio and Licensing Program - Avigilon acquires strategic intellectual property and continues to build video analytics patent portfolio - Avigilon.com
Avigilon Acquires ObjectVideo’s Entire Patent Portfolio and Licensing Program

 

NewswireToday - /newswire/ - Vancouver, British Columbia, Canada, 2014/12/18 - Avigilon acquires strategic intellectual property and continues to build video analytics patent portfolio - Avigilon.com. TSX: AVO NYSE: MSI

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Audio / Video Equip. / Surveillance Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Avigilon Corporation (“Avigilon”), a leading global provider of end-to-end security solutions, today announced that it has completed the acquisition of the entire patent portfolio and the patent licensing program of ObjectVideo, Inc. (“ObjectVideo”) for cash consideration of US$80.3 million (the “Acquisition”).

Founded in 1998, ObjectVideo is an innovator in the intelligent video solutions market. ObjectVideo’s video analytics patents, now acquired by Avigilon, are licensed and deployed by leading IP video manufacturers around the world. Under the Acquisition, Avigilon has acquired all of ObjectVideo’s 76 US and international patents and over 50 US and international patent applications. In addition to the foregoing, until January 31, 2015 ObjectVideo will continue to generate additional US patent applications, and has agreed to transfer any and all such applications to Avigilon for no additional consideration.

With the completion of the Acquisition, Avigilon now holds 124 US and international patents, and 202 US and international patent applications.

“The future of the video surveillance industry is in video analytics,” said Alexander Fernandes, founder, president, CEO and chairman of the board, Avigilon. “The Acquisition not only bolsters Avigilon’s portfolio of intellectual property, but it also brings with it a recurring royalty revenue stream.”

The patent licensing program provides companies with the opportunity to leverage the innovative features of industry-leading video analytics patents. Nineteen royalty-paying licensees have joined the program, including global corporations such as Sony Corporation, Panasonic System Networks Co., Ltd., Bosch Security Systems, Inc., Hangzhou Hikvision Digital Technology Co., Ltd., Pelco, Inc., FLIR Systems, Inc., and Sensormatic Electronics, LLC (Tyco), and more.

“The Acquisition opens new doors for Avigilon, provides us with additional freedom to operate, and greatly strengthens our intellectual property portfolio,” said Fernandes. “It positions Avigilon to continue leading the way into the future of the video surveillance industry.”

GMP Securities L.P. acted as the exclusive financial advisor to Avigilon on the Acquisition.

Avigilon (avigilon.com) expects to file a Business Acquisition Report, as such term is defined in National Instrument 51-102 Continuous Disclosure Obligations, respecting the Acquisition in due course.

CONFERENCE CALL DETAILS
Avigilon will hold a conference call to discuss the Acquisition on Thursday, December 18, 2014 at 8:30 am. ET; 5:30 am. PT. The call will be hosted by Alexander Fernandes, founder, president, CEO and chairman of the board, and may be accessed as follows:

DATE: Thursday, December 18, 2014
TIME: 8:30 am. ET; 5:30 am. PT
DIAL IN NUMBER: 647-427-7450 or 1- 888-231-8191
TAPED REPLAY: 416-849-0833 or 1- 855-859-2056
Available until 12:00 midnight (ET) Thursday, December 25, 2014
Reference number: 56479543

LIVE WEBCAST: ir.avigilon.com/.
Webcast will be archived for one year

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Audio / Video Equip. / Surveillance Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Avigilon Corporation | Motorola Solutions

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Audio / Video Equip. / Surveillance articles,
CATCH Visitors via Your Competitors Announcements!


Avigilon Acquires ObjectVideo’s Entire Patent Portfolio and Licensing Program

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Press Office - Avigilon.com 
604-630-3410 media[.]avigilon.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Avigilon Corporation | Motorola Solutions securities in any jurisdiction including any other companies listed or named in this release.

Audio / Video Equip. / Surveillance via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Avigilon Corporation | Motorola Solutions / Company Profile


Read Audio / Video Equip. / Surveillance Most Recent Related Newswires:

MOBOTIX Offers Industry-optimized Video Surveillance Solutions for Safer and More Effective Industrial and Production Processes
Motorola Solutions Previews Latest Additions to its Video Security Portfolio At Intersec Trade Show in Dubai
MOBOTIX Receives 'Secure by Default' Certification
Hall Research Introduces The FXT-460 - HDMI 2.0 Fiber Optic Extender
Motorola Solutions and Avigilon Video Systems Selected to Safeguard Alabama Supermarkets
Avigilon Adds Appearance Alerts to Commercial Video Management Software
Barcelona-El Prat Airport Enhances Safety and Efficiency in Radio Communications with New Digital Radio System from Motorola Solutions
Motorola Solutions Ensures Reliable and Secure Operation of Police TETRA Radios at German Federal State of Berlin
MOBOTIX’s New M73 Wins 2019 IoT Integration Award for Video Surveillance Innovations
Frost & Sullivan Names Lytx '2019 Video Safety Solutions Company of the Year'
Offutt Air Force Base Addresses Flight Monitoring Challenges with Motorola Solutions’ Advanced Video Security Capabilities
The Dallas Police Department, Safer Dallas and Motorola Solutions Launch Pilot Program to Increase Community and Officer Safety
Avigilon Announces Latest Access Control System with Enhanced Video Security Unification
Avigilon Combines Value and Versatility with New H5SL Camera Line
MOBOTIX and Intercoax Enable Cost-Effective IP Video Solutions Over Copper Infrastructures

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  La Bella Bakery Artisan Bakery Arizona

Visit  BizJobs.com





 
  ©2020 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)