IRVINE, CA--(Marketwired - Mar 4, 2014) - Irvine-based Ubiquity Corp. (
"Having seen and reviewed Ubiquity's analytics and technology, their unique approach and versatility in product offering sets a new bar for video analytics while propelling them ahead of the curve in a very competitive and fast growing industry," said Gregory Lynch, J.D., Senior Director Global Sales, Security Solutions for Cisco Systems, Inc.
Co-Chairman Nick Mitsakos said, "This specific application highlights the robust and groundbreaking technology that Ubiquity has developed. We believe that the ability to identify objects, logos, and other challenging video-based images is one of the greatest economic opportunities Ubiquity can pursue with its formidable IP portfolio."
The software package will provide customers with a user-friendly interface that can be used for independently verifying the robustness of the algorithm, and testing reading capabilities on both images and video. The WEAV software platform is ideal for reading license plates under difficult imaging conditions, such as low-resolution footage, video recorded in difficult weather conditions and heavily compressed footage.
Ubiquity assembled a specialized team of engineers and PhD's to complete the Beta test for Cisco headed up by Kristian Sandberg PhD and Sengan Baring-Gould, PhD.
"Ubiquity has been working with CISCO for the last 12 months and per Cisco's request we are delivering a beta test of our WEAV platform. I think our product will fit very nicely within Cisco's framework," said Ubiquity's CTO Kristian Sandberg.
"Leveraging the WEAV platform capability, Ubiquity intends to follow its license plate identification application with a unique and powerful application for detecting guns in surveillance footage. The software application being delivered allows for easy and convenient verification." Sengan Baring Gould, PhD.
Chris Carmichael, CEO of Ubiquity, said that "Moving into beta testing for this important application on our WEAV platform is an important milestone for our company. Our WEAV Object and Logo detection and our Automated License Plate Recognition technology within that effort, is a significant tool in the arsenal of law enforcement and public safety agencies, and we are committed to moving this technology forward to drive more effective results. We are excited to be delivering our application to Cisco for testing and believe our technology and analytics are a great fit because they can be easily integrated into Cisco's existing technology."
About Ubiquity Broadcasting Corp.
Based in Irvine, CA. Ubiquity is a vertically integrated, technology-focused media company. Ubiquity is focused in five specific areas with a robust portfolio of patents and intellectual property. First, the Company has developed an intuitive user interface making access to all content from any device in a simple, consistent format. Second, Ubiquity enables the search and identification of any object and image in all video and digital media. Third, it has developed a platform for mobile transaction including the integration of payments, money transfers, coupons and gifts. Ubiquity has also developed an industry-leading, intuitive, immersive consumer experience for all web-based activity. Finally, the company allows for the personalization of all content, whether public or private, in a unique accessible way.
Through Ubiquity Labs we are leveraging an extensive portfolio of intellectual property spanning Web 3.0, immersive advertising, video compression, content distribution, eCommerce, and mobile applications to support the commercialization of new technologies. In addition, we intend to pursue strategic licensing opportunities. Through Ubiquity Studios, we provide we engage in the commercial production, distribution and exploitation of entertainment products including but not limited to television, commercials and film. For more information, visit www.ubiquitycorp.com.
This news release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology, are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the risk that the Company is not able to successfully move its ALPR application to market, the failure of the business strategy, the integrity of the Company's patents and proprietary intellectual property and competition. The Company cautions that the foregoing list of risk factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events, including the risk factors set out in the Company's 10K for the year ended December 31, 2014. See the sections entitled "Risk Factors" in Ubiquity's quarterly and annual reports as filed by Ubiquity from time to time with the Securities and Exchange Commission. The Company has assumed that the material factors referred to above will not cause such forward-looking statements and information to differ materially from actual results or events.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.
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