Friday, April 27, 2012

Vimicro and Samsung form strategic partnership to develop products for China security surveillance market

BEIJING, CHINA: Vimicro International Corp., a leading multimedia semiconductor and IP-based surveillance solution provider, announced the signing of a strategic cooperative agreement with Tianjin Samsung Techwin Opto-Electronic Co. Ltd outlining broad-based cooperation in the areas of technology, products, and business development.

Tianjin Samsung Techwin Opto-Electronics is a joint venture that was founded by Samsung Techwin and Tianjin Zhonghuan Electronic Information Group in 2008.

Through this strategic partnership, Vimicro and Samsung will engage in comprehensive co-operation, collaborating both domestically and internationally on technology, products, and business practices, as well as jointly developing products for the China security surveillance market.

For example, the companies will jointly focus on improving sales of Samsung's front-end surveillance equipment and Vimicro's ViSS large-scale video surveillance platform and NVR bulk-storage network video storage and management platform.

According to the Agreement, Samsung and Vimicro will improve the compatibility of their respective existing network-based surveillance products and jointly develop new functions with broader compatibility. In terms of technology and product development, Samsung will primarily focus on front-end surveillance equipment and Vimicro will primarily focus on security surveillance system platform development.

"We are pleased to have established this important strategic partnership with Samsung," said Jiaowei (Kevin) Jin, Vimicro's president and COO. "By leveraging Samsung's world-class technology and R&D capabilities along with our domestic leading market position, we look forward to developing even more-advanced security surveillance products and integrated solutions for our industry clients, as well as expanding the Chinese security surveillance market."

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