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May 02, 2012

Vimicro Signs Strategic Agreement with Tianjin Samsung Techwin Opto-Electronic


By SIP Trunking Report Contributor



Vimicro International Corporation, a multimedia semiconductor and IP-based surveillance solution provider, and Tianjin Samsung Techwin Opto-Electronic Co., Ltd., have formed strategic partnership to develop products for the China security surveillance market.


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

As part of this strategic partnership, Vimicro and Samsung will engage in comprehensive cooperation, collaborating both domestically and internationally on technology, products, and business practices, as well as jointly developing products for the Chinese security surveillance market.

Officials with Vimicro International said that Samsung and the company will also improve the compatibility of their respective existing network-based surveillance products and jointly develop new functions with broader compatibility.

Company officials said that 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, president and chief operating officer of Vimicro, in a statement.

Jin said that by leveraging Samsung's world-class technology and R&D capabilities along with the company’s domestic leading market position, the company looks forward to developing even more advanced security surveillance products and integrated solutions for the industry clients, as well as expanding the Chinese security surveillance market.

Back in August 2010, Vimicro International Corporation had announced that its Intelligent Video Surveillance Solutions have been officially adopted by the Management Commission of the Tianjin Economic-Technological Development Area (TEDA) as part of the Safe Campus Project.

Vimicro's surveillance solutions will be installed in all of the 15 kindergarten, primary and middle schools under TEDA administration. The TEDA campus security monitoring project is designed to expand the development of the Safe Campus Project and provide a more secure and orderly educational environment for students.




Edited by Brooke Neuman