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ObjectVideo signs licence agreement with Pelco
ObjectVideo Inc. announced that it has signed a global, portfolio-wide patent licence agreement with Pelco, settling its earlier lawsuit with the company over alleged patent infringement.
November 13, 2012 By Staff
The suit alleging patent infringement was first filed in the U.S. District Court of Virginia in May 2012 and a complaint was made to the United States International Trade Commission the following month. ObjectVideo has now asked the ITC to halt its investigation. “We are pleased to have entered into a global, portfolio-wide license agreement with Pelco and to have the benefit of a cross license to Pelco’s intellectual property,” said Raul Fernandez, chairman of ObjectVideo, in a statement.
ObjectVideo says that Pelco is the sixth licensee to join its patent licensing program which also includes Sony Corp., Tyco Security Products’ American Dynamics business unit and VIVOTEK. ObjectVideo says it holds 47 U.S. and international patents and has 45 U.S. and international patents pending.
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