Tuesday, February 27, 2007

IntelliVid Initiates Proof-of-Value Video Analytics Program for Retailers

IntelliVid Corporation today announced its Proof-of-Value Program, created to benchmark the effectiveness of video analytics systems in the retail industry.

As the leader in intelligent video analysis software for retail loss prevention and store intelligence, IntelliVid is committed to helping the retail community learn the impact that its video analytics-enabled workflow has on a retailer's bottom line. Based on IntelliVid's experience with retailers, program participants will see a decrease in shrink on the average of 25 percent, resulting in an increase in operating income of approximately nine percent.

Shrink is estimated at 1.59 percent of retail sales, according to the University of Florida's 2005 National Retail Security Survey. This percentage translates to an astounding $37.4 billion in annual losses to retailers. For an average department store chain with $14 billion in annual sales, shrink erodes $222.6 million off of the bottom line.

Shrink is a significant drain on a retailers' performance, creating a "domino effect" of mitigation costs and multiple losses. For example, when merchandise is stolen, it is no longer available for customers to purchase. These so-called "silent out-of-stocks" mean ongoing lost sales opportunities. In addition, dishonest employees harm the store's image, environment, and perception of quality, and present a liability risk to the company. Finally, given the high cost of theft, retailers are forced to charge higher prices or accept lower margins, further impacting the bottom line. Thus, the real cost of total losses is actually significantly higher than $37.4 billion.

Proof-of-Value Program
IntelliVid is offering retailers the opportunity to participate in a controlled test program which demonstrates the value of its shrink-reducing solution. This is a unique opportunity for a select group of retailers to work with a company that is focused on quantifying the return on a loss prevention investment.

"Research shows that 90% of retailers are planning to invest in video analytics over the next 12 months," said Alan Sherman, IntelliVid's director of marketing. "By participating in our Proof-of-Value Program and using our video-based analytics and workflow, retailers will be able to make their purchase decisions armed with proven results."

Fred Edling, IntelliVid's chief financial officer added, "This is a compelling opportunity for leading retailers to experience how significant an impact intelligent video analytics can have on their operating margins. As a CFO, I appreciate the financial pressures retailers face, and I'm pleased to offer them our Proof-of-Value Program, so they can see first-hand how strategic an imperative video analytics truly is."

Proof of Value Elements
For each Proof-of-Value program participant, IntelliVid will:
· Provide video analytic test systems for a defined time period (estimated at 3-6 months)
· Work with CFO to set business objectives, including ROI
· Train loss prevention personnel on best practices for video analytics
· Provide customer and technical support to ensure all aspects of the test are carried out successfully
· Work with retailer to optimize and monitor test environment and interpret results
· Provide a detailed report summarizing the results of the test including:
- pre-and post-test shrink measurements
- ROI calculations
- workflow analysis
- best practices

For additional information regarding IntelliVid's Proof-of -Value Program, retailers are invited to contact Fred Edling at 617-497-8400.

About IntelliVid (www.intellivid.com)
IntelliVid provides intelligent video analysis solutions for the retail industry. Its open platform Video Investigator software unleashes the full potential of existing surveillance systems, transforming them from passive recording devices into proactive theft prevention and store intelligence solutions. Video Investigator delivers bottom-line benefits to forward-thinking retailers. It automatically monitors store activities, and reveals important events to personnel, eliminating the time-consuming tasks of manually monitoring and searching surveillance video. It will also serve as a platform providing unprecedented insights into customer traffic, stock-outs, merchandising effectiveness and more.

Headquartered in Cambridge, Massachusetts, IntelliVid is backed by Intel Capital, Flagship Ventures, Egan-Managed Capital, and DFJ New England. Its customers include leaders in the department store, mass merchandise, and chain drug store segments.

Thursday, February 22, 2007

Cernium Launches First in New Series of Advanced Video Security Applications With S.R. Smith

Cernium Corporation, a pioneer and leading developer in the field of advanced video analytics, announced today the first in a series of vertical market applications to embed its P-Core(TM) analytics engine. Pool safety equipment market leader S.R. Smith has adopted P-Core as the foundation for PoolOptix(TM), a management tool that improves the capabilities of businesses and consumers to mitigate the risks associated with unattended swimming pools. PoolOptix utilizes advanced video detection technology and video analytics software to provide event of interest detection and early warning for commercial and residential swimming pool environments. P-Core makes the powerful video analysis and behavioral recognition technology of Cernium's flagship Perceptrak(R) system accessible to a wide range of platforms and industry-specific solutions, and offers the same 8x-10x processing advantage that enables real-time analysis of up to 16 video inputs on a single general purpose processor.

S.R. Smith is the world leader in manufacturing innovative, safe and reliable pool deck equipment for both residential and commercial swimming pools. The PoolOptix system is comprised of layered detection zones that, when activated, trigger an audible and visual alarm. Cernium's P-Core engine will give the PoolOptix system the power to immediately recognize and report problem scenarios as they arise at an affordable cost.

PoolOptix continues Cernium's heritage of using video analytics to meet real-world challenges that began with the ExitSentry(TM) system for protecting airport security checkpoints. Today ExitSentry is installed in more than fifty airports across North America.

"Cernium is pleased to provide the behavioral recognition solution that S.R. Smith required," said Craig Chambers, chief executive officer of Cernium. "The flexibility and 10X processing advantage of P-Core allows advanced analytics technology to be incorporated into complete, cost-effective solutions, such as PoolOptix. This is just one first-rate example of how analytics technology has moved beyond the laboratory to practical products that make video cameras into more effective tools for safety and security."

About Cernium Corporation
Cernium Corporation is the leading developer and provider of real-time video analytics and behavior recognition software for the security industry. Cernium's unique software employs a patented technique that analyzes multiple, concurrent behavioral criteria in real-time with order-of-magnitude greater efficiency than previous approaches. The company's advanced video security systems safeguard facilities in a range of industry sectors that include government, critical infrastructure, healthcare, transportation, hospitality, education and cultural institutions. Cernium's powerful, patented security products include Perceptrak(R) and ExitSentry(R). Newly launched CheckVideo(TM) won the 2006 New Product Showcase for Peripherals at ISC West. For more information, call 877-968-8383 or visit http://www.cernium.com/.

About S.R. Smith
S.R. Smith is the world leader in swimming pool deck equipment; offering an array of focused solutions for the recreation, leisure, safety and competition needs of swimming pools and aquatic facilities worldwide. Headquartered in Canby, Ore., with additional manufacturing in Portland, Tenn., and founded in 1932; today S.R. Smith employees over 125 workers and utilizes a dynamic network of channel partners worldwide to meet the diverse needs of the swimming pool construction, service and remodel industry. For more information, visit http://www.srsmith.com/ or call (800) 824-4387.

Website: http://www.cernium.com/

Saturday, February 10, 2007

Pure Technologies' Video Analytics Subsidiary Announces New Projects

Pure Technologies today announced the following news from its video analytics subsidiary, PureTech Systems Inc. (PureTech):
On January 16th, 2007 the Minneapolis-St. Paul International Airport's
Metropolitan Airports Commission unanimously approved selection of PureTech
Systems Inc. to provide the airport with its PureActiv (R) Intelligent Video
solution.

This project is the first use of intelligent video surveillance
technology to improve the airport's security. Proposals were received from,
and demonstrations were given by, several companies, including PureTech.
According to the commission, "...the proposal from PureTech Systems met or
exceeded the detailed requirements and ranked first in the evaluation criteria
established by the RFP." Full minutes of the commissions meeting and their
decision can be found at http://www.mspairport.com/mac/meetings/fc.aspx.

PureActiv(R) has also been selected as the video analytics & alarm
management solution on a water-side protection project for the Port of
Seattle.

In addition, PureTech has recently been invited to join the ESRI Business
Partner Program. ESRI (www.esri.com), the world's leading supplier of
geographic information system (GIS) technologies, has integrated their ArcGIS
9.2 software with PureActiv(R) to provide a seamless wide-area surveillance
solution. ESRI recently demonstrated the integrated solution at their Federal
User Conference in Washington DC. ESRI and PureTech will jointly promote the
complementary solution to existing and potential ESRI clients.

PureTech's President, Larry Bowe, said: "These developments emphasize the
technological and commercial progress made by PureTech over the past year. The
Seattle and Minneapolis projects are prime examples of the types of wide-area
surveillance applications where we believe PureActiv(R) has a technology lead
over our competitors."

About Pure Technologies Ltd.
Pure Technologies is an international technology company which has
developed patented and proprietary technologies for management and
surveillance of critical infrastructure around the world. Applications for
these technologies include water and wastewater pipelines, bridges, oil and
gas pipelines, transportation infrastructure, nuclear power plants, high-rise
buildings, parking and other critical structures. Pure provides its
technologies from its headquarters in Calgary, Canada and subsidiaries in
Maryland, Arizona, and New Jersey.

Forward-Looking Statements
This release contains forward-looking statements. Forward-looking
statements, without limitation, may contain the words "believes", "expects",
"anticipates", "estimates", "intends", "plans", or similar expressions.
Forward-looking statements are not guarantees of future performance. They
involve risks, uncertainties and assumptions and the Company's actual results
could differ materially from those anticipated. Forward-looking statements are
based on the opinions and estimates of Management at the date the statements
are made, and are subject to a variety of risks and uncertainties and other
factors that could cause actual events or results to differ materially from
those projected in the forward-looking statements. In the context of any
forward-looking information please refer to risk factors detailed in, as well
as other information contained in, the Company's filings with Securities
Regulators (www.sedar.com).

Monday, February 5, 2007

Frost & Sullivan selected Agent Video Intelligence as the recipient of the 2006 Frost & Sullivan Award for Product Innovation in the video analytics

Frost & Sullivan selected Agent Video Intelligence as the recipient of the 2006 Frost & Sullivan Award for Product Innovation in the video analytics market.

Agent Vi's patented Image Processing over IP (IPoIP(TM)) technology features a revolutionary approach to video intelligence that delivers radical functionalities and significantly lowers costs through multiple efficiency gains.

Some advantages of the IPoIP(TM) include lower bandwidth, which is achieved by having routine data sent in low bandwidth XML and transmitting only the occasional event in video; a complete library of algorithms to offer the most advanced functionality to each camera at any moment; and easy updates of software by sending software remotely to on-the-edge devices.

The algorithm sub-sets at the IPoIP(TM) server constantly gather information regarding the scene even when no events are occurring. This information can be stored as meta-data along with the video recording and can be used to enable rapid and efficient searches of large amounts of recorded video content.

"The processing that IPoIP(TM) technology does on the edge of the network is called the Universal Feature Extraction (UFE)," says Frost & Sullivan Research Analyst Jason Halverson. "This process is performed by the part of the algorithm that extracts information from the image pixels of incoming images when they are at their highest quality and no data has been lost due to image compression."

Its distributed image processing architecture enables IPoIP(TM) to retain the strengths of both the "local" and "server" architectures, but without their limitations.

The IPoIP(TM) feature that differentiates it from the competition in operational cost savings is its ability to update algorithms to all the devices on the network with a single download. Other systems typically require massive upgrades involving manual updates at each device, making this feature a significant cost saver.

Agent Vi's video analytics solution has been widely accepted since its commercial launch three years ago. The technology has been successfully deployed all over the world in leading enterprise and governmental organizations.

"The company's distribution strategy is a two-tiered approach that focuses on both OEM and integrator customers," notes Halverson. "Agent Vi is lining up integrators in the verticals and focusing on supporting the top two to three dozen resellers per country with the best in the industry customer service."

Agent Vi has based its video analysis technology on open standards architecture so that it is easy to integrate with other supplier's technology, enabling it to strategically collaborate with other suppliers and maximize market penetration. This strategy has been paying off, with Agent Vi successfully developing partnerships with camera and device manufacturers that are including the IPoIP(TM) smart technology in their video equipment.

Each year Frost & Sullivan presents this Award to the company that has demonstrated excellence in new products and technologies within its industry. The recipient has shown innovation by launching a broad line of emerging products and technologies.

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.

About Agent Video Intelligence
Agent Video Intelligence, Inc., with its patented IPoIP technology has set a new standard for innovation in the Video Analytics and Intelligence market. As a forerunner in next generation video analytics, Agent Vi's IPoIP distributed image processing architecture partitions detection algorithms so that it can process video data in both the camera and the central server, retaining the strengths of both platforms while avoiding their limitations. Agent Vi's groundbreaking technology minimizes hardware and network bandwidth requirements and dramatically reduces deployment and operational costs for enterprise-class video analytics systems, both public and private. With headquarters in New York, regional sales offices in Pleasanton, CA; Atlanta, GA, and Madrid, Spain, and its R&D facility in Tel Aviv, Israel, the company has more than four years of successful field deployments worldwide. For more information, visit: http://www.agentvi.com.

About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit http://www.awards.frost.com.