Hikvision has announced plans to establish an R&D Centre in Montreal and a Research Institute in California’s Silicon Valley.
“These two major investments underscore Hikvision’s R&D ‘glocalization’ (being global thinking local) strategy and the commitment to providing innovative, cutting-edge technology products tailored to the needs of our worldwide partners and customers,” said Yangzhong Hu, CEO of Hikvision.
Expected to open later in 2017, the Montreal Hikvision R&D Centre and will focus on engineering development while the Silicon Valley Hikvision Research Institute will focus on broad technology research.
Jeffrey He, president of Hikvision USA and Hikvision Canada, called Montreal the “ideal location for the new R&D Centre,” lauding the city’s “excellent talent pool and business-friendly environment.”
The headquarters for Hikvision Canada is also located in Montreal.
“The new R&D team will augment the services provided by the national enterprise solutions team,” said Eagle Ying, director of technology for Hikvision USA. “Hikvision appreciates that solution requirements are different from region to region. The new Hikvision R&D team will be dedicated to furthering Hikvision innovation on the global scale.”
Based in Hangzhou, China, Hikvision states it has more than 8,000 R&D engineers, is one of the largest in the video surveillance industry and it dedicates about 7 to 8 percent of its revenues to R&D. The North American R&D Centre and Research Institute will be the first established outside of China.