"This acquisition is a significant step in our strategy of strengthening our artificial intelligence and deep learning capabilities and, whilst Vaxtor will continue to operate as a standalone company, is based on compelling commercial and development synergies and clear strategic benefits for both parties," said Mobotix CEO Thomas Lausten. Based in Spain, Vaxtor has a global customer base across 50 countries, delivering camera agnostic and at the edge video analytics in various sectors. Its vide analytics technology allows the automated capture of letters, numbers or other machine and human readable data, and enables such information to be recorded and processed cost-effectively at high-speed so as to trigger related processes. According to Mobotix, this is a facilitator and accelerator for Mobotix's vertical market strategy, as the use of these technologies can be applied in areas such as government, retail and transportation sectors such as tracking of containers, vehicles and aircraft, as well as in logistics and manufacturing applications. In addition, Vaxtor's products are tailor made for the Mobotix 7 high performance camera platform, meaning its analytics apps can be run decentralized onboard the camera, removing the need for peripheral hardware.

The new MOBOTIX camera platform, jointly developed with Konica Minolta, is based on the distributed intelligence in our camera system and is crucial for artificial intelligence and at the same time the key for the communication of our products with other sensors and devices in the network to enable "Beyond Human Vision" solutions. The state-of-the-art analysis methods located on the camera itself helps users increase process efficiency and develop new business and revenue models. Future software updates will enable completely new functions based on deep learning methods, such as the recognition of human behavior, moods or voices. In order to make this possible, a so-called "plug-in concept" is being further developed that goes far beyond what is available on competing products. This allows customers to easily create new features similar to developing apps for mobile devices while taking full advantage of the system's performance, including full CPU and GPU power and programmable logic.