Avigilon patent licenses available on preferred terms for a limited time
VANCOUVER, CANADA, February 16, 2016 /CNW/ - Avigilon Corporation ("Avigilon" or the "Company") (TSX: AVO), trusted provider of business intelligence and security solutions, today announced the launch of the Early Adopter Plan for the Avigilon Patent License Program (the "License Program"). The Early Adopter Plan offers preferred license rates and terms to companies that enter into a Patent License Agreement with Avigilon prior to April 30, 2016.
"The Early Adopter Plan further enhances the value of joining the License Program," said Chris Capuano, Avigilon's Vice President of Licensing. "The License Program makes fundamental patents available to industry participants, providing them with greater freedom to operate. We encourage all interested companies to join the License Program by taking advantage of the Early Adopter Plan."
For more information on the Early Adopter Plan and the License Program, please visit www.avigilon.com/IPlicensing.
Avigilon Corporation, trusted provider of business intelligence and security solutions, develops, manufactures, and sells video analytics, network video management software and hardware, surveillance cameras, and access control solutions.
© 2016, Avigilon Corporation. AVIGILON, and the AVIGILON logo are trademarks of Avigilon Corporation.
For further information:
Dennis Fong, Avigilon Corporation
T: (604) 629-5182, Ext 2515
For Licensing Opportunities:
Certain information and statements in this news release contain and constitute forward-looking information or forward-looking statements as defined under applicable securities laws (collectively, "forward-looking statements"). Forward-looking statements normally contain words like 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing' and similar expressions, and within this news release include any statements (express or implied) respecting Avigilon's ability to enter into new patent licensing arrangements (whether as a result of the Early Adopter Plan or otherwise), or Avigilon's ability to generate new revenues from licensing its intellectual property to other parties.
Forward-looking statements are not guarantees of future performance, actions, or developments and are based on expectations, assumptions and other factors that management currently believes are relevant, reasonable and appropriate in the circumstances, including, without limitation, assumptions that: Avigilon will continue to own and maintain its patent portfolio with the ability to license the same to other parties; other parties will recognize the benefits of entering into patent licensing arrangement with Avigilon and will pursue the same; Avigilon will be able to negotiate and finalize patent licensing arrangements with other parties on favorable terms or at all; and Avigilon will be able to operate its patent licensing program on an economically viable basis.
Although management believes that the forward-looking statements are reasonable, actual results could be substantially different due to the risks and uncertainties associated with and inherent to Avigilon's business, as more particularly described in the "Risk Factors" section of Avigilon's Annual Information Form dated March 3, 2015, which is available under Avigilon's profile on SEDAR at www.sedar.com. Material risks and uncertainties applicable to the forward looking statements set out herein include, but are not limited to, unforeseen events, developments or factors causing any of the aforesaid expectations, assumptions, and other factors ultimately being inaccurate or irrelevant. Although Avigilon has attempted to identify factors that may cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, predicted, estimated or intended. Also, many of the factors are beyond the control of Avigilon. Accordingly, readers should not place undue reliance on forward-looking statements.
Avigilon undertakes no obligation to reissue or update any forward-looking statements as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements contained in this news release are qualified by this cautionary statement.
SOURCE Avigilon Corporation