Ocucon won the top prize at the 2019 RTech Asset Protection Innovation Awards. The world’s first Video Surveillance as a Service (VSaaS) system – Ocucon – was the only UK company to be shortlisted in the highly competitive awards organised by The Retail Industry Leaders Association (RILA). The awards recognise game-changing technologies from around the globe that are helping to transform retail loss prevention efforts.
Ocucon Chief Technology Officer, Stephen Purvis competed alongside other award finalists from around the world to pitch Ocucon’s ground-breaking technology to judges and attendees at this year’s RILA Retail Asset Protection Conference. The conference, which took place from 5th – 8th May 2019 in Denver, Colorado, brought together top executives from the world’s leading retailers.
Commenting on the awards finalists, Lisa LaBruno, Executive Vice President, Retail Operations & Innovation, Retail Industry Leaders Association said: “These Awards are such a special opportunity for RILA and the entire retail asset protection community to witness first-hand the future of our industry. In front of hundreds of retail asset protection practitioners, these companies dramatically showcased why their technology is considered ‘game-changing,’ and we’re honoured to be able to recognize them.”
Ocucon Chief Technology Officer, Stephen Purvis commented after the ceremony: “We’re honoured to have been awarded first place in the RILA 2019 (R)Tech Asset Protection Innovation Awards. It’s a tremendous accolade and one that is testament to the work of our highly-talented team and industry partners. We are so grateful to all of the retail leaders who over the last 18 months have given their time to help us shape the product, encourage us and share their vision of the future of tech in retail.”
During the awards presentation, judges were impressed with demonstrations of Ocucon’s powerful, cloud-based storage and retrieval platform, as well as its intelligent video analytics platform. Ocucon’s awards presentation also had backing from two key figures in the US retail industry, featuring powerful endorsements from both Brand Elverston, former Director of Asset Protection at Walmart Inc. and Jeff Powers, former Vice President at Sensormatic and Verint.
Breaking new ground in surveillance technology, Ocucon is the first technology of its kind to offer unlimited cloud-based storage as a service. Combining intelligent data analytics with the facility to store, analyse and retrieve unlimited amounts of HD video surveillance footage from within the Ocucon portal, revolutionizes the way in which retailers defend against crime, combat fraudulent insurance clams, and utilize post-recording video analytics for enhanced loss prevention and business insights. Ocucon recently announced that it will provide free upgrades of all CCTV hardware to customers of its standard cloud-based storage package, as it launched a first-of-its-kind zero capital expenditure model in the surveillance industry.
RTech Asset Protection Innovation Awards
For more information on the RTech Asset Protection Innovation Awards and details of other shortlisted companies, please visit: Ocucon Takes Top Prize at 2019 RTech Asset Protection Innovation Awards
Alongside Ocucon, the other finalists, included:
- Second place: German Signatrix brings AI and machine video understanding to the retail store enabling surveillance cameras to independently recognise, measure and provide customer numbers, theft or conversions to the staff in real time
- Third Place & Retailers’ Choice: US-based Detective Analytics offers multiple patent-pending AI-Powered crime linking and investigative software
Retail Industry Leaders Association
RILA is the US trade association for leading retailers. Its members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs, and more than 100,000 stores, manufacturing facilities, and distribution centres domestically and abroad.
For more information on The Retail Industry Leaders Association (RILA) and the Retail Asset Protection conference, please visit: RILA