US innovation award | Eurasia Diary -

18 July, Thursday

US innovation award

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UK company Ocucon has taken a US retail award; it took first prize in the (R)Tech Asset Protection (AP) Innovation Awards.

The Video Surveillance as a Service (VSaaS) system from Ocucon was the only UK company to be shortlisted in the awards organised by the US trade association, the Retail Industry Leaders Association (RILA). Ocucon Chief Technology Officer, Stephen Purvis alongside other award finalists pitched Ocucon’s technology to judges and attendees at this year’s RILA Retail Asset Protection Conference. The conference, from May 5 to 8 in Denver, brought together executives from such retailers as Walmart, IKEA, Starbucks and Gap.

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 recognise them.”

Ocucon Chief Technology Officer Stephen Purvis said 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.”

It offers unlimited cloud-based storage as a service. Combining data analytics with the facility to store, analyse and retrieve unlimited amounts of HD video surveillance footage from within the portal, it lets retailers defend against crime, combat fraudulent insurance clams, and use post-recording video analytics for loss prevention and business insight. 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.

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