Option unveils the VIU2, a plug 'n play 3G camera that streams live high quality video and audio to a smart phone, tablet or laptop. Volume shipments are scheduled for 2H11.
As they are focusing on developing end-to-end wireless solutions, Option today announced the VIU2, a plug & play stand-alone security solution that can stream live video and audio from anywhere to any device that has a connection to the internet.
The user puts the 3G camera in the location he wants to monitor. He then activates and manages the surveillance camera through his personalized VIU2 webpage. When movement or sound is detected, the system automatically sends out a warning message through either SMS or e-mail to notify the user of the event. Additional services such as cloud storage of the most important motion detections clips or recordings for increased reliability are available as well.
The VIU2 is currently sampling to mobile operators with volume shipments scheduled for 2H11. The security solution can be customised to fit the needs of a mobile operator.
The VIU2 is an example of combining software, hardware and Option’s core technology expertise of mobile broadband into a wireless solution that provides mobile operators an additional way to commercialise mobile data services. So, the VIU2 is a proof of Option’s ability to put new products on the market, but in terms of the underlying business, the lack of new contract announcements and the rapid decline in sales is still very worrisome. We have a HOLD rating and € 0.50 target price