ObjectVideo, Inc., announced today that it has reached an amicable
settlement with Bosch Security Systems, Inc., of Fairport, New York,
which includes, among other mutual obligations, a global, portfolio-wide
patent license agreement with Bosch. The agreement settles patent
infringement litigation in the Eastern District of Virginia. ObjectVideo
and Bosch have also asked the United States International Trade
Commission (USITC) to terminate its proceedings related to the matter.
“We are pleased to have entered into a global, portfolio-wide license agreement with Bosch, a leader in the video security market,” said Raul Fernandez, chairman of ObjectVideo.
“The agreement amicably settles the matter and allows us to focus our full attention on our customers,” said Christopher Gerace, president, Bosch Security Systems, Inc.
Bosch is the seventh licensee to join ObjectVideo’s patent licensing program; other licensees include Sony Corporation, Pelco by Schneider Electric, Tyco Security Products’ American Dynamics business unit and VIVOTEK. The company holds 47 U.S. and international patents and has 45 U.S. and international patents pending.
ObjectVideo Enters into Global, Portfolio-Wide Patent License Agreement with Bosch
“We are pleased to have entered into a global, portfolio-wide license agreement with Bosch, a leader in the video security market,” said Raul Fernandez, chairman of ObjectVideo.
“The agreement amicably settles the matter and allows us to focus our full attention on our customers,” said Christopher Gerace, president, Bosch Security Systems, Inc.
Bosch is the seventh licensee to join ObjectVideo’s patent licensing program; other licensees include Sony Corporation, Pelco by Schneider Electric, Tyco Security Products’ American Dynamics business unit and VIVOTEK. The company holds 47 U.S. and international patents and has 45 U.S. and international patents pending.
ObjectVideo Enters into Global, Portfolio-Wide Patent License Agreement with Bosch
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