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VideoIQ's Next-Generation Analytics Helps School System Reduce Costs by 90 Percent
Five Schools in Municipality of Malmö Using VideoIQ's HD Analyzer to Protect Students, Staff and Property
| Source: VideoIQ, Inc.
BEDFORD, MA--(Marketwire - April 21, 2009) - VideoIQ, the inventor of the world's first and
only intelligent surveillance cameras and encoders with a built-in DVR,
today announced that five schools in the municipality of Malmö, Sweden*
have reduced their security-related expenses by 90 percent with the help of
VideoIQ's HD Smart Video Analyzer. The product provides a real-time system
for early warning and security protection so that crime can be prevented
before it takes place, creating a safe environment for staff and students
and dramatically cutting down on security-related costs.
The municipality of Malmö decided that something needed to be done to
increase security at its schools and protect them from the rising number of
vandalism and arson attacks. In the five years between 2001-2006, school
property damage cost the city more than 60 million Swedish Krona (SEK), the
equivalent of nearly $6.5 million USD.
The Malmö municipality hired systems integrator TAC Säkerhet to install a
state-of-the-art security system, including video surveillance cameras
placed across the five schools and an advanced video analytics system.
Marcus Djerf, business area manager at TAC Säkerhet, said, "It was critical
that the solution in place didn't just consist of 'dumb' cameras that
passively record events while acts of crime go undetected. While recording
events could help provide forensic evidence after an incident had taken
place, Malmo wanted to be proactive and address potential security issues
before they happened. We looked for an intelligent analytics system that
would serve as the 'front line' for the schools since they did not have any
security guards on-site."
TAC installed VideoIQ's HD Smart Video Analyzer, which continuously watches
for security threats across all of the cameras at all of the schools. When
an intruder comes onto the property and tries to set a fire or is breaking
panes of glass, the system instantly captures a video clip and sends it to
remote guards and security personnel at the Malmö City Alarm Center. The
guards then contact the police or fire department, nipping crime in the
bud.
TAC also chose the VideoIQ HD Analyzer for its self-learning capabilities
which enable it to learn and get smarter with each incident detected. The
analyzer watches and learns its environment, as well as patterns of motion,
so that it can instantly distinguish between a person, automobile, cat,
tree, or any other object that may enter school property.
"VideoIQ's self-learning technology is a huge asset because the system
recognizes viable threats instantly and accurately, which reduces the
number of false alarms generated. This enables security personnel to
respond only when needed, saving the city of Malmö considerable time,
energy and money," said Djerf.
"The combination of VideoIQ's next-generation analytics and remote guards
is the ideal approach to minimize costs while maximizing security
protection," said Scott Schnell, president and CEO of VideoIQ. "Our
technology works accurately and reliably in any weather, is simple to
install and has proven itself for years at schools, chemical sites, water
facilities, border crossings, and many other kinds of commercial and
government enterprises that want to keep their most prized assets safe."
After just one year of having the security system in place, the
municipality of Malmö reduced costs by an astounding 90 percent and the
city saved 3 million SEK -- the equivalent of almost $400,000 -- on a
reduction in smashed panes and broken glass alone. Djerf said, "Malmö's
expenses were improved within a very short space of time. They now have
more money which can be used to make other needed improvements at the
schools. The security system is seen as an investment and one that will
help reduce crime for years to come."
About VideoIQ
VideoIQ is the inventor of the world's first and only intelligent
surveillance camera with a built-in DVR. The VideoIQ iCVR combines
automated event detection, a built-in DVR and integrated video management
into a single solution -- all driven by next-generation analytics. The
result is the simplest, most proactive video surveillance solution -- with
a low TCO -- to keep your organization and its most important assets safe,
whether you need one camera or 1,000. Additionally, the VideoIQ HD family
of video analyzers delivers the industry's best detection accuracy for
conventional analog cameras of all types, requiring human response only
when a real event takes place. The company is backed by top-tier investors
Atlas Venture, Matrix Partners, and Tenaya Capital. Learn more at
www.videoiq.net.
* Editor's Note: The schools in Malmö referenced in this announcement are
Stenkulaskolan, Örtagårdsskolan, Kryddgårdsskolan, Värner Rydénskolan and
Rosengårdsskolan.