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Iveda Awarded $3.2M Contract for Confidential Application by Taiwanese Government Agency
"This achievement underscores Iveda Taiwan's commitment to delivering comprehensive network equipment solutions to enhance AI-powered technology capabilities in the region," added Ing-Hang Shiau, president of Iveda Taiwan. "As Iveda continues to expand its footprint in the global AI market, this contract reinforces our reputation for delivering high-quality products and services to clients around the world." This news follows closely behind additional global contract wins--including expansions in Egypt and deals in the Philippines and Vietnam--worth millions of dollars of revenues and gross profits to Iveda in 2024 and recurring revenue for years to come. With new cutting-edge smart city solutions to be announced throughout the year, Iveda remains dedicated to leveraging its expertise in AI-powered technology to provide customers around the world with solutions to keep citizens safe. About Iveda Solutions® Iveda (NASDAQ:IVDA) is the provider of global solutions for cloud-based, video AI search and surveillance technologies that protect the people, places, and things that matter the most. Iveda's technology has the power to provide instant intelligence to existing infrastructure, enabling cities and organizations around the world to seamlessly enter the fifth industrial revolution. Iveda operates at the forefront of digital transformation of cities across the world, using IoT platforms with smart sensors and devices developed to aid with use cases surrounding public safety, security, elderly care, energy efficiency, and environment preservation. Headquartered in Mesa, Arizona, with a subsidiary in Taiwan, Iveda is publicly traded under the ticker symbol "IVDA". View source version on businesswire.com: https://www.businesswire.com/news/home/20240226101267/en/
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