Agilence, Inc. acquires global development and marketing rights for InPlay Technologies' License plate recognition software
Agilence, Inc. the leading provider of Event-based Video Analytics (eVA) has executed a license agreement with InPlay Technologies (NASDAQ: NPLA) for its license plate recognition (LPR) software, developed by Active Recognition Technologies (ART). Agilence will expand its eVision digital video surveillance suite to include LPR capabilities under the new video content analytics product platform, eVMetrics.
"The addition of license plate recognition goes beyond just the ability to provide greater intelligence within our eVision suite," said John Sullivan, president and CEO of Agilence, Inc. "We are excited about how we can provide our customers comprehensive Event-based Video Analytics packages that will substantially contribute to combating organized retail crime, automating Amber Alert monitoring, providing transportation interdiction solutions and more."
"Partnering with Agilence provides InPlay with another top licensee, furthers our technology licensing model and positioning us to capitalize on the growing opportunities in the license plate recognition marketplace," said Tim Kuhn, vice president, business development, InPlay Technologies.
Agilence has a number of projects already underway, validating the need and demand in the marketplace. The partnership is providing measurable results on several large gaming, hospital and university projects.
Unlike typical LPR software, the eVMetrics technology additionally offers total vehicle identification through a unique shape map. eVMetrics LPR technology is the first product to identify vehicles by a combination of color, shape, texture and license plate. Additionally eVMetrics offers superior operating performance worldwide and is particularly suited to the North American market where there is a wide range of license plate templates, fonts and colors.
As part of the agreement, the former ART LPR software development staff will join the Agilence team full time. Agilence will also provide on-going support services to the existing LPR software resellers and customers.
"Agilence welcomes the added strength to our development team and added depth to our competence in image extraction, image search and image processing," Sullivan added.
About InPlay Technologies, Inc.
InPlay markets and licenses proprietary emerging technologies. InPlay was founded to commercialize its internally developed Duraswitch® electronic switch technologies. The company has expanded through the acquisition of its license plate recognition software and FinePoint Innovations, a developer of digital computing pens and digitizers for tablet PCs. InPlay Technologies is focused on further commercialization of these technologies and leveraging its licensing model with additional, innovative technologies. Visit www.inplaytechnologies.com for more information.
About Agilence, Inc. (Agilence)
Agilence, a privately held company headquartered in Mount Laurel, NJ, is the leading provider of Event-based Video Analytics (eVA). In Q3 of 2006, Agilence, Inc. acquired the assets of CA Technology as well as the rights for Active Recognition Technology to further extend the Agilence Event-based Video Analytic (eVA) capabilities. Today, Agilence Inc. provides solutions to the Retail, Transportation and Gaming industries. These solutions provide a measurable return on investment through the synchronization of transaction data (point-of-sale, toll plaza lane controller data, player tracking systems, etc.) and CCTV video streams. By doing so, it enhances context and auditing capability for the protection of corporate assets as well as its customers and constituents. Agilence and its global network of partners have helped numerous customers worldwide manage their business assets more efficiently. For more information about Agilence, please visit www.agilenceinc.com.
Source: Agilence, Inc.
