Member Article

North East-based Ocucon sees off global competition to be named most innovative retail asset protection company by US retail chiefs

North East-based surveillance technology company Ocucon has been named the most innovative global asset protection company by US retail chiefs in The Retail Industry Leaders Association (RILA).

The world’s first Video Surveillance as a Service (VSaaS) system – Ocucon – scooped first prize in the organisation’s prestigious (R)Tech Asset Protection (AP) Innovation Awards recognising 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 companies 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 announcement, 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 company 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 the backing of 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, it revolutionises 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.

This was posted in Bdaily's Members' News section by John Rodgers .