VideoIQ

Sep 25, 2014

Saptharishi brings deep domain expertise in intelligent video analytics and experience launching innovative products to Avigilon leadership team VANCOUVER, Sept. 25, 2014 /CNW/ - Avigilon Corporation ("Avigilon") (TSX:AVO), a leading global provider of end-to-end security solutions, today announced the appointment of Dr. Mahesh Saptharishi to chief technology officer (CTO), effective immediately. Dr. Saptharishi most recently served as senior vice president, analytics and data science at Avigilon and has been with the company since its acquisition of VideoIQ Inc. in January 2014. He brings a deep understanding of intelligent video analytics technologies as well as experience creating new products and leading successful teams. The appointment is effective immediately; Dr. Saptharishi will continue to report directly to Bryan Schmode, Avigilon's chief operating officer. Dr. Saptharishi has over 17 years of experience developing intelligent video analytics technology as well as software and camera hardware specifically for the security industry. Prior to joining Avigilon earlier this year, Dr. Saptharishi was president, chief technology officer and co-founder of VideoIQ, Inc. Dr. Saptharishi also co-founded and led the core analytics team at Broad Reach Technologies, Inc., where he was vice president of research & development. A highly respected thought leader in the surveillance industry, Dr. Saptharishi received his doctorate in machine learning from Carnegie Mellon University, where he was involved in research on autonomously navigating vehicles at the Robotics Institute and the Institute for Complex Engineering Systems. He has also authored multiple peer reviewed scientific publications, articles and patents. "As Avigilon continues to push the boundaries in the video surveillance market to enable global customers to improve security, efficiency and decision-making, we depend on visionary leaders like Mahesh to develop innovative new products that leverage the most cutting-edge technologies. I am very excited that Mahesh will serve as Avigilon's CTO. He is a pioneer with a proven track record of developing innovative new products and solutions," said Bryan Schmode, chief operating officer, Avigilon. "In the security industry, we need to stay 10 steps ahead so we are constantly delivering the innovation our customers need to keep their assets and people secure and to make better business decisions. The future of Avigilon is bright and we will continue to lead the security industry with our forward-thinking technology and products. " As CTO, Dr. Saptharishi will be responsible for driving innovation in Avigilon's product and intellectual property portfolios, identifying strategic technology capabilities, and exploring new business opportunities. His primary focus will be to strengthen and extend Avigilon's end-to-end solutions by developing advanced technologies that will continue to digitize the physical world, enabling customers to make sophisticated, informed decisions about their surroundings. About Avigilon Avigilon Corporation is defining the future of protection through innovative end-to-end security solutions. Avigilon's industry-leading HD network video management software, megapixel cameras, access control and video analytics products are reinventing the security market. Information about Avigilon can be found at avigilon.com . AVIGILON and other marks used herein are the registered and/or unregistered trademarks of Avigilon Corporation and/or its subsidiaries in Canada and other jurisdictions worldwide. Other product names mentioned herein may be the registered and/or unregistered trademarks of their respective owners. Forward Looking Statements Certain statements contained in this news release, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Often, but not always, forward-looking statements or information can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. With respect to forward-looking statements and information contained herein, we have made numerous assumptions. Although our management believes that the assumptions made and the expectations represented by such statement or information are reasonable, there can be no assurance that any forward-looking statement or information referenced herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Such risks, uncertainties and other factors include, among other things those risks identified in Avigilon's most recent Annual Information Form and prospectus, each of which is filed on SEDAR at www.sedar.com . Although we have attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking statements or information, there may be other factors that cause actions, events or results not to be as anticipated, 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 or information. Avigilon undertakes no obligation to reissue or update any forward-looking statements or information as a result of new information or events after the date hereof except as may be required by law. All forward-looking statements and information herein are qualified by this cautionary statement. SOURCE Avigilon Corporation