Marketwired.com 28 May 2013
REDWOOD CITY, CA XcelMobility, Inc., a leading developer of mobile internet products and services, announced today that it has acquired the video encoding and compression group of Shenzhen Jifu Communication Technology, a professional manufacturer specializing in video surveillance system, software platforms and fiber optic solutions.
Shenzhen Jifu develops video encoding and compression technology for Geospatial Multimedia applications. The group has over 50 engineers working on algorithms and applications including the merging of real-time video with location-based technology. The technology enables video, imagery & audio streams to be recorded together with navigation (e.g. GPS), as well as, orientation (e.g. Digital Compass) sensor information. The team has filed and received numerous patents related to video and image encoding.
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XcelMobility Announces Acquisition of Shenzhen Jifu Communication Technology
