BEIJING, Feb. 24, 2014 /PRNewswire/ -- Guangdong
province has officially been selected as the first province to lead
a demonstration of China's
national SVAC video-surveillance standard, receiving approval from
China's Ministry of Public
Security. The projects outlined in this demonstration will
employ SVAC cameras and be managed by the Guangdong Province Public
Security Bureau and the Guangdong Province Security Association.
Please follow this link to the original Chinese-language
announcement.
The announcement mentions that continuous advances in the
performance of video-surveillance equipment and applications,
including devices and systems, have been accompanied by a variety
of formats and standards, which have reduced government's ability
to protect public safety and share, transmit, and store image data
in networks. Therefore, an urgent need has arisen for
networking and image coding techniques that follow a unified
national standard. At the same time, China has sought to develop its domestic
security industry, supported by domestically owned intellectual
property rights, which follow uniform national standards that
support higher image coding and video encryption. To achieve these
goals, the Ministry of Public Security selected Guangdong province as the first province for a
demonstration of the SVAC video-surveillance standard.
As of the end of 2013, Guangdong province had already completed
installed a total 1.81 million image-acquisition sites, comprised
of two different types, which have played an important role in the
administration of public security.
About Guangdong
Province
Guangdong Province possesses
the largest economy in terms of GDP and some of the strongest
scientific and technological capabilities and the most developed
foreign trade in China. As the
pioneer in China's economic reform
and opening, Guangdong province
maintains rapid and sustainable development of its economy, marks
constant improvement in its degree of openness, and ranks first in
China according to many economic
indicators. The province's GDP contributes about one-eighth of
national GDP, and has ranked the largest for many years. The value
of Guangdong's total import and
export trade represents approximately one fourth of national trade,
and has ranked number-one for the past 31 years. Moreover,
Guangdong has attracted USD
$233.2 billion in foreign investment,
also representing one quarter of the national total.
About SVAC
The Surveillance Video and Audio Coding (SVAC) is the first
national standard for the Chinese security and surveillance
industry and is considered crucial for the establishment of the
public security and criminal prevention system in China. SVAC has been approved and officially
released by the Standardization Administration of China and the first Research Institute of the
Ministry of Public Security of China. SVAC was initiated and co-developed by
Vimicro and the Ministry of Public Security, along with
contributions from more than 40 scientific research institutes,
universities, and security industry companies. SVAC aims to promote
the orderly development of the surveillance industry in
China, while enabling greater
interconnectivity and providing more intelligent data analysis
through the use of digital technologies and rules-based processes.
SVAC is also the first fundamental technology that will enable
surveillance's transition from the analog world to a fully digital,
high definition, open and intelligent surveillance network. SVAC is
the preferred protocol in Chinese government contracts and
available to all companies participating in the surveillance
industry in China.
About Vimicro International Corporation
Vimicro International Corporation is a leading video processing
IC and video surveillance solution provider that designs, develops
and markets mixed-signal semiconductor products and system-level
solutions that enable multimedia capabilities in a variety of
products for PC/notebook, consumer electronics and surveillance
applications. Vimicro has aggressively entered the surveillance
market with system-level solutions and semiconductor products to
capitalize on China's domestic
demand. Vimicro's ADSs each represent four ordinary shares and are
traded on the NASDAQ Global Market exchange under the ticker symbol
"VIMC."
Company
Contact:
Vimicro International
Corporation
Mr. David Zhang,
Legal Manager
Phone: +86 (10) 6894
8888 ext. 7563
E-mail:
zhangxiaowei@vimicro.com
www.vimicro.com
|
Investor
Contact:
Vimicro International
Corporation
Mr. John Harmon, CFA,
VP of Finance
Phone: +86 186 1151
1730 (Beijing)
E-mail:
john.harmon@vimicro.com
|
SOURCE Vimicro International Corporation