ObjectVideo enters patent licence agreement with Mirasys
ObjectVideo Inc. and Mirasys Ltd. announced that they have entered into a patent licence agreement. According to the company, the licensee, Mirasys, is now able to sell network video recorders (NVRs) that include functionality covered by ObjectVideo patents, as well as certain video management software applications which are sold alongside NVRs as a part of an end-to-end surveillance solution.
“We see this as a multi-faceted relationship which is set to evolve throughout 2011, both through this patent licensing agreement, and through future product announcements,” said Jukka Riivari, chief executive officer at Mirasys, in a statement.
“We are very pleased to work with Mirasys as a new licensee of our intellectual property portfolio,” said Raul Fernandez, CEO and chairman of ObjectVideo, in a statement.
“With the signing of this agreement, we continue the build-out of the patent licensing program we launched 18 months ago to protect the inventions and innovations in which ObjectVideo has invested for more than 10 years. Mirasys recognises the value of this portfolio, and will be able to provide full technology and patent licensing to all of their valued customers.”
ObjectVideo last month filed suit against a number of large security equipment manufacturers “for the sale of products that contain software features and functions which infringe certain ObjectVideo patents.” Bosch, Sony and Samsung were all named in the allegations.
The company’s chief intellectual property officer Bill Marino said in a statement, “We need to ensure our existing IP and software partners are not unfairly disadvantaged in the marketplace by competitors whose products use the same or similar functionality to innovations that are ours.”