Continued support from the Technology Strategy Board with £0.5m funding

 

 

 

Ipsotek continues investment in Tag and Track with substantial funding from UK’s innovation agency, the Technology Strategy Board 

London, July 24, 2014 – Ipsotek, the world leader in scenario based Video Analytics, today announced that it has been awarded funding from the UK’s innovation agency, the Technology Strategy Board. The funding is to support the continuing investment in Ipsotek’s ground breaking Tag and Track software. The award for £0.5m of eligible costs will bring the total investment in Tag and Track to £2m.

In a recently outlined blueprint for growth, the Technology Strategy Board earmarked £400 million for investments in British innovation. Small businesses remain a key focus through a variety of programmes.

“We are delighted that Ipsotek has once again been recognised for its innovative work. This funding will enable us to continue the research and development of our Tag and Track technology so that we will soon be able to deploy in to much more challenging environments” says Bill Flind, CEO, Ipsotek.
Tag and Track enables the highly complex function of tracking multiple individuals or objects inside a multi-camera network in real-time, or retrospectively to understand the movements of a ‘tracked’ individual in forensic investigations. Tagging can be performed manually by operators, or automatically when certain conditions are met, eg. an intrusion alert, or from a face recognition watch list alert.

About Ipsotek

Ipsotek is the world leader in Scenario-based Video Analytics and expert across a wide range of applications in both the commercial and public sectors. Deployments include: perimeter protection, intrusion detection, investigation & forensics and the management of traffic, crowds and operations. The patented scenario-based approach allows multiple behaviour descriptions to be applied simultaneously or in predefined sequences; and it is these scenario combinations that create an exact description of the target behaviour, thereby giving dependable real alerts and dramatically reduced false alarms.
 
Established in 2001 with headquarters in the United Kingdom and offices in the Middle East, Ipsotek's solutions are delivered to end-user clients globally, through a network of trained System Integrator partners.

For more information please visit http://www.ipsotek.com.

About Technology Strategy Board

The Technology Strategy Board is the UK’s innovation agency. Its goal is to accelerate economic growth by stimulating and supporting business-led innovation. Sponsored by the Department for Business, Innovation and Skills (BIS), the Technology Strategy Board brings together business, research and the public sector, supporting and accelerating the development of innovative products and services to meet market needs, tackle major societal challenges and help build the future economy. For more information please visit www.innovateuk.org.

 

 

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