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Hikvision reports 60% growth in 2014
Hangzhou, China
Hikvision
, a global leader in inno-
vative video surveillance solutions,
has reported revenues of US$2.82
billion for the financial year 2014.
This corresponds to a 60.37%
growth rate year on yearand a
compound annual growth rate
over the last decade of 53%.
"Hikvision's continued growth
is attribut-
able to our
product
innovation
capability
and complete product and inte-
grated vertical solution offerings,
as well as the expanding global
service network. Keeping in touch
with market trends, Hikvision
has made stupendous achieve-
ments in both domestic and
overseas markets in the last year,"
says Cynthia He, vice president at
Hikvision.
"In 2014, Hikvision invested
8% of its annual revenue into
research and development. Look-
ing to the future, we will continue
to devote our R&D efforts into
delivering innovative products and
vertical solutions that fulfill the
ever-changing needs of the security
industry, in the belief that we are
ideally placed to provide a com-
plete video surveillance solution to
the market globally."
Avigilon acquires video analytics patents
Vancouver, Canada
Avigilon Corporation
has
completed the acquisition of 96
US and international patents and
25 US and international pat-
ent applications (the "Patents")
from four unrelated vendors for
aggregate cash consideration of
US$13,375,000.
Avigilon acquired the patents
in separate transactions with
each of the following entities:
Behavioral Recognition Systems,
Inc., Facedouble Incorporated,
ITS7 Pty Ltd., and Videomin-
ing Corporation. The Patents
relate to various video analytics
capabilities, including emotional
and attentional response measure-
ment, in-store object tracking
and behavioural analysis, object
tracking and anomaly detection,
video segmentation and metadata
generation, user interfaces, and
image classification and retrieval
over wireless networks. Other no-
table fields covered by the Patents
include network camera system-
on-a-chip and remote security
camera programming.
With the acquisition of the
Patents, and following Avigilon's
recent acquisition of Objectvideo,
Inc.'s entire patent portfolio and
patent licensing programme,
Avigilon holds 213 US and inter-
national patents and 215 US and
international patent applications.
"The future of the video
surveillance industry is in video
analytics and the Patents cover
sophisticated technologies in this
area," said Alexander Fernandes,
Avigilon's founder, president,
CEO and chairman of the board.
"These strategic purchases open
up great opportunities for our
business, give us freedom to oper-
ate, and expand the scope of our
new patent licensing programme.
It is yet another proof point that
Avigilon is leading the way into
the future of the video surveillance
industry."
Alexander Fernandes, Avigilon's founder,
president, CEO and chairman of the
board.
Euralarm calls for heightened security in tourism
Zug, Switzerland
Europe is the number one tourism
destination in the world for inter-
national travellers. These tourists
expect maximum safety and
security of their accommodations.
Euralarm
proposes an EU Direc-
tive on fire safety and security for
all tourism accommodation. They
believe that this is the only way to
guarantee a unified level of safety
across Europe for all types of ac-
commodation.
To ensure safety in tourism
accommodation is regulated more
consistently, more effectively, and
is properly enforced by horizontal
legislations at European level is
absolutely necessary. These legisla-
tions should not only establish
minimum requirements for
safety and security, but should
also standardise the definition of
the accommodation. These are
also currently inconsistent which
makes synchronisation of stand-
ards extremely difficult and hard
to implement.
In addition to fire risks, the
regulations should also address
CO-related risks. This invisible
and odourless gas cannot be
detected by guests and is a deadly
poison at very low concentra-
tions. The same alarms which
should be used for fire can also be
used for Carbon Monoxide and
that is why this should be incor-
porated in the EU Directive. It
should also give special attention
focused on the elderly, children,
and the physically impaired. They
are a large part of the popula-
tion and require specific alarms.
Euralarm believes that Intelligent
evacuation systems using both
visual and voice alarm could
save lives of the most vulnerable
people.
To assess the current level of
safety of tourism accommoda-
tion across Europe, sufficient and
harmonised measurement tools
and statistics are required. This
factual information is lacking and
in the countries where data exists,
the sources are not harmonised
and cannot be aggregated. These
statistical requirements and
measures should also be integrated
into the EU Directive according to
Euralarm.
Euralarm's position is clearly
in favour of an EU-wide binding
instrument. Not adopting strong
measures would constitute a
missed opportunity to put an end
to what in many cases are prevent-
able deaths and injuries.
Bosch acquires IoT middleware specialist
Berlin and Stuttgart, Germany
Bosch Software Innova-
tions GmbH
, a wholly-owned
subsidiary of the Bosch Group,
intends to acquire the company
Prosyst.
Agreements to this
effect were signed on February
13, 2015.
Prosyst employs some 110
associates in Cologne, Germany,
and Sofia, Bulgaria. The com-
pany specialises in the develop-
ment of gateway software and
middleware for the internet of
things (IoT). These facilitate the
interaction between connected
devices in the smart home, con-
nected industry, and mobility
segments.
The company's custom-
ers include leading appliance
manufacturers, automakers,
and chip vendors, as well as
telecommunications and energy
service providers. The acquisi-
tion is subject to approval by
the antitrust authorities. It has
been agreed that the purchase
price will not be disclosed.