TMCnet News
Looxcie Partners with IQT to Develop Wearable VideocamsJul 03, 2012 (Close-Up Media via COMTEX) -- Looxcie, Inc., makers of "wear and share" video cam has announced a Strategic Partnership and Technology Development Agreement with In-Q-Tel (IQT), a non-profit, strategic investment firm that identifies technology solutions to support the missions of the U.S. Intelligence Community. The Company said that the agreement will enable the design and development of next generation videocams utilizing Looxcie's intellectual property. The technology is being developed for the Department of Homeland Security Science and Technology Directorate (DHS S&T), an IQT customer agency. "We are delighted to partner with an organization like In-Q-Tel to build the next generation of high powered, low footprint videocams," said Looxcie CEO Romulus Pereira. "Fusing Looxcie's intellectual property with IQT'S support will result in a powerful tool with capabilities beneficial for both the commercial and government markets." "Looxcie has broken new ground in giving consumers and businesses a convenient and powerful tool for capturing and sharing or preserving events. We're eager to expand our product offerings into the security market." "Looxcie has established itself as a market leader in wearable videocam technology and we are impressed with the unique capabilities offered by the company," said Steve Bowsher, Managing Partner at IQT. "Our partnership with Looxcie will provide our government customers with an opportunity to utilize and build upon this innovative product." More Information: In-Q-Tel is a not-for-profit, strategic investment firm that works to identify, adapt, and deliver technology solutions to support the missions of the U.S. Intelligence Community. More Information: www.iqt.org ((Comments on this story may be sent to [email protected])) |