Honeywell gains Access to leading-edge Live Networked Video technology
29 August 2002 - IndigoVision Group plc (LSE: IND), the leader in Live Networked Video technologies, today announced that it has signed a licensing agreement with Honeywell (NYSE: HON) Automation and Control Solutions (ACS).
Under the agreement, Honeywell ACS gains access to IndigoVision's VideoBridge® technology, which can be used in a range of security-based video solutions for residential, commercial and industrial applications. VideoBridge is IndigoVision's protocol for communicating between devices that view, record, retrieve and analyze video.
"This technology will enable us to provide our customers with greater picture quality at a lower cost than traditional analog and hybrid analog/digital solutions, " said Roger Fradin, president of Automation and Control Products.
"Honeywell ACS's decision to license VideoBridge is a further significant endorsement of our technology and will enable us to increase our presence in the North American market. The signing of the market leader in security alarms further confirms the establishment of VideoBridge as the de facto standard for Live Networked Video," said Oliver Vellacott, CEO of IndigoVision.
About IndigoVision Group plc
Founded in 1994, IndigoVision is the leading developer of Live Networked Video technology. The company develops Live Networked Video technology around its VideoBridge protocol, which communicates between networked video devices that view, record, retrieve and analyze video from networked cameras anywhere. Focusing initially on surveillance and monitoring, the company has licensed its technology to leading vendors including Ultrak, Baxall and Panasonic. Floated on the London Stock Exchange in August 2000 (symbol IND.L) the company is headquartered in Edinburgh, UK, with offices in London, Tokyo, San Jose and Boston.
For further information please visit www.indigovision.com