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SOURCE Vimicro International Corporation
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.
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."
Vimicro International Corporation
Mr. David Zhang, Legal Manager
Phone: +86 (10) 6894 8888 ext. 7563
Vimicro International Corporation
Mr. John Harmon, CFA, VP of Finance
Phone: +86 186 1151 1730 (Beijing)
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