Hikvision to Establish R&D Centre in Montreal and Research Institute in Silicon Valley Investments Underscore Hikvision's Commitment to North American Integrator Partners, Will Support the Company's Presence in the Enterprise Market

CITY OF INDUSTRY, Calif., Feb. 15, 2017 /CNW/ -- Hikvision USA Inc., and Hikvision Canada Inc., the North American leaders in innovative, award-winning video surveillance products and solutions, today announced that Hikvision plans to establish an R&D Centre in Montreal and a Research Institute in California's Silicon Valley.

"These two major investments underscore Hikvision's R&D 'glocalization' (being global thinking local) strategy and the commitment to providing innovative, cutting-edge technology products tailored to the needs of our worldwide partners and customers," Yangzhong Hu, CEO of Hikvision said.

Expected to open in 2017, the Montreal Hikvision R&D Centre and will focus on engineering development. The Silicon Valley Hikvision Research Institute will focus on broad technology research.

Jeffrey He, president of Hikvision USA Inc., and Hikvision Canada Inc., called Montreal the "ideal location for the new R&D Centre," lauding the city's "excellent talent pool and business-friendly environment." The headquarters for Hikvision Canada is also located in Montreal. Likewise, He said, the high tech hub of Silicon Valley is the logical location for the Hikvision Research Institute.  

Hikvision is well established in the SMB market in North America. In the past couple of years, the company has focused on expanding into the enterprise market, putting in place a national enterprise solutions team with knowledgeable engineering, technical, and sales support in regions across the US and Canada.

"The new R&D team will augment the services provided by the national enterprise solutions team," Eagle Ying, director of technology for Hikvision USA Inc., said. "Hikvision appreciates that solution requirements are different from region to region. The new Hikvision R&D team will be dedicated to furthering Hikvision innovation on the global scale."

Based in Hangzhou, China, Hikvision has more than 8,000 R&D engineers, one of the largest in the video surveillance industry, and it dedicates about 7 to 8 percent of its revenues to R&D. The North American R&D Centre and Research Institute will be the first established outside of China.

Hikvision will exhibit its enterprise-level security solutions at ISC West, Booth 18037, in Las Vegas, April 5-7, 2017.

About Hikvision

Hikvision is the world's leading supplier of video surveillance solutions. Featuring the industry's strongest R&D workforce, Hikvision designs, develops, and manufactures standard- and high-definition cameras, including a variety of IP cameras, analog cameras, and cameras featuring the latest in high-definition analog technology. Hikvision's product suite also includes digital video servers, hybrid and standalone DVRs, NVRs, and other elements of sophisticated security systems for both indoor and outdoor use. 

SOURCE Hikvision USA

For further information: Hikvision USA Inc., Martha Entwistle, Senior Manager Strategic Communications, +1-207-232-9787, Martha.entwistle@hikvision.com


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