Hauppauge, NY, February 9, 2007: Vicon Industries Inc., a leading designer and producer of video surveillance systems, today announced an agreement with Agent Vi to license their video analytics software and provide it as an option for ViconNet. Agent Vi is the global leader in enterprise-grade video analytics with the only enterprise-grade solution in Video Intelligence and Video Content Analysis Technology with its patented Image Processing over IP (IPoIP)™ family of video surveillance software. Founded in 2003, Agent Vi is the first company to provide embedded and distributed artificial-intelligence video analytics software with the low bandwidth required by video surveillance networks to support extremely large numbers of distributed cameras at the lowest industry cost. The agreement allows Vicon to sell and integrate Agent Vi’s full analytics suite into ViconNet as an optional module named ViconNet Video Intelligence.
The ViconNet Video Intelligence Module (ViconNet VI) is a video intelligence system used for detection of unusual and abnormal events or behavior. By applying rule-based algorithms to behavior captured on video, the ViconNet Video Intelligence module enables a user to monitor and analyze events, set event detection criteria and control different parameters. This enables a single operator to review and automatically analyze detected, suspicious activity collected from thousands of cameras operating in the field. By utilizing the analytics data provided to ViconNet VI, the operator can provide the appropriate response in a timely and cost-effective manner. ViconNet VI offers the following types of video analytic data detection as options: Motion Detection, Non-Motion Detection, Theft Detection, Behavior Detection, Crowd Detection and Counter Detection.
“Agent Vi is a best-of-breed video analytics solution and we are very excited about the additional capabilities that it brings to ViconNet. We looked at many solutions and after careful analysis, came to the conclusion that Agent Vi offers the most value in terms of cost, ease of installation and setup and accuracy.” states Bret McGowan, Vice President of US Sales and Marketing at Vicon.
Vicon Industries Inc., listed on the American Stock Exchange under the symbol "VII," designs, manufactures and markets a broad line of products used in integrated video surveillance systems. Vicon's marketing and development efforts focus on today’s leading edge security technologies including digital recording and IP video solutions, matrix controls, cameras, monitors, mounting accessories, remote positioning devices and fiber optic equipment. The company's products are used in a variety of surveillance, security, safety, and control applications, in banks, gaming casinos, traffic control, hospitals, retailing, multiple commercial and industrial installations, etc. For more information regarding Vicon, visit us at www.vicon-cctv.com.
This news release contains forward-looking statements that involve risks and uncertainties. Statements that are not historical facts, including statements about the adequacy of reserves, estimated costs, Company intentions, probabilities, beliefs, prospects and strategies and its expectations about expansion into new markets, growth in existing markets, enhanced operating margins or growth in its business, are forward-looking statements that involve risks and uncertainties. Actual results and events may differ significantly from those discussed in the forward-looking statements and the Company undertakes no obligation to publicly update or revise any forward-looking statements.