OV signs licensing agreement with FLIR

OV CEO says recent Avigilon/VideoIQ deal validates importance of analytics
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Wednesday, January 8, 2014

RESTON, Va.—Video analytics provider ObjectVideo today signed its 17th licensing agreement, this time with thermal camera provider FLIR, Raul Fernandez, OV CEO, told Security Systems News. 

“It’s a global agreement, for the whole portfolio of patents that we have,” Fernandez said. “It covers the intelligent thermal cameras for traditional security; it also covers [analytics used in cameras] in the traffic monitoring cameras that became part of the FLIR portfolio through its acquisition of Traficon.”

Asked about Avigilon’s recent acquisition of VideoIQ, Fernandez mentioned that Video IQ is a licensee of OV. He said the deal “further validates the importance of intelligent video analytics and the trend toward deeply embedding those analytics in cameras.” The fact that Avigilon intends to embed analytics into its own products “raises the bar for everyone in terms of what the minimal expectation is for video analytic capabilities included with cameras,” Fernandez said.

But is the VideoIQ acquisition an indication that standalone video analytics companies can’t remain standalone? 

“[The Avigilon/VideoIQ deal] is not a negative for standalone analytics at all,” he said. “The major manufacturers are already licensed with us [so the reality is] the more products they sell, the more IP licensing revenue we get.”

Fernandez said OV is “nowhere near done” in terms of licensing agreements.