Cernium, Inc. Receives Nod of Approval from Venture Capital Groups; Company's Intelligent Video Surveillance Systems at the Forefront of Technology Security Innovations.Business Editors ST. LOUIS, Mo.--(BUSINESS WIRE)--July 30, 2003 Cernium, Inc., today announced that an investment of $2.8 million was secured on behalf of the company. The round of funding was led by Lurie Investments from Chicago, Illinois with participation from Open Prairie prairie Level or rolling grassland, especially that found in central North America. Decreasing amounts of rainfall, from 40 in. (100 cm) at the forested eastern edge to less than 12 in. Ventures from Champaign, Illinois “Champaign” redirects here. For topics with similar names, see Champagne. Champaign is a city in Champaign County, Illinois, in the United States. As reported in the 2000 U.S. Census, the city was home to 67,518 people. and other leading technology investors. The company will use the funds for working capital and to continue building its market presence in the rapidly expanding security industry. "The financial markets are now validating the demand for intelligent video security products," commented James R. Brigham, Jr., Cernium board member and financial advisor." Prior to joining the board of directors for the company Mr. Brigham was the former Chairman of the New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. Public Development Corporation and the Budget Director for New York City. Cernium is a leading developer and provider of behavior recognition software and services for the security industry. The company's surveillance systems have been adopted in several key markets including government and institutions and private sector commercial enterprises. Cernium technologies are developed to offer industry-specific products that provide intelligent image and human behavior recognition via closed circuit television monitoring systems. "Cernium is at the forefront of a vital technology area," said Dennis Spice, founding partner and managing member of Open Prairie Ventures. "Their industry-specific electronic security solutions help ensure the safety of airports, parking structures, and criminal justice facilities. We're pleased to support their continued success." ABOUT THE PRODUCTS Cernium has developed and launched two stand-alone products, ExitSentry(TM) and Perceptrak(TM). FAA approved ExitSentry is a software-driven video surveillance system that has been deployed in thirty-nine North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. airports. The system is intalled at exit checkpoints to guard against wrong-way motion in the concourse exit lane. ExitSentry has provided improved security and offered savings in personnel costs. Cernium's most recent product, Perceptrak, is designed to be integrated into existing closed-circuit television closed-circuit television Noun a television system used within a limited area such as a building Noun 1. closed-circuit television (CCTV CCTV abbr. closed-circuit television CCTV closed-circuit television ) systems. It is deployed within parking garages and other "quiet" areas including stairwells, elevator elevator, in machinery elevator, in machinery, device for transporting people or goods from one level to another. The term is applied to the enclosed structures as well as the open platforms used to provide vertical transportation in buildings, large ships, lobbies, low-traffic corridors. Perceptrak detects and immediately alerts security staff to suspicious behavior such as erratic er·rat·ic adj. 1. Having no fixed or regular course; wandering. 2. Lacking consistency, regularity, or uniformity: an erratic heartbeat. 3. motion, a fallen person, a lurking See lurk. (messaging, jargon) lurking - The activity of one of the "silent majority" in a electronic forum such as Usenet; posting occasionally or not at all but reading the group's postings regularly. person and/or the convergence of more than one individual. Perceptrak's proprietary software simultaneously monitors and analyzes an entire network of CCTV camera views, filtering out mundane or unwanted surveillance footage, and allows a single security officer to effectively monitor hundreds of cameras. The product is made available as a cost-efficient, enhanced security solution for both public and private facilities including hospitals, airports, hotels, shopping centers shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into , schools, and office buildings. ABOUT THE COMPANY Cernium, Inc. (www.cernium.com), based in St. Louis, Missouri is a leading developer and provider of behavior-recognition software and systems for the security industry, focusing on intelligent surveillance video analysis. The company develops proprietary security systems for government and industry, helping meet their safety and fiscal objectives. For further information, contact Cernium at 314-968-5454. Note: All trademarks are owned or registered to Cernium,Inc. Other names or trademarks belong their respective companies. |
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