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Iveda Signs Australian Reseller; Projects Over $5M for 2024 with Opportunity for Significant Recurring Revenue
"At Iveda, we continue to focus on creating a network of uniquely positioned resellers and distribution partners globally for our AI technology deployment and revenue growth," said David Ly, Iveda CEO and founder. "We're thrilled to bring Auzpack into the fold and are eager to work with our Australian partner to bring next-generation, AI-powered technologies to the continent and the surrounding regions." As part of this ongoing partnership, Auzpack will deploy IvedaAI across several different use cases, including:
"A major selling point of IvedaAI is that it leverages existing IP cameras and video infrastructure to achieve the desired results without the cost of replacing equipment -- in other words, this state-of-the-art AI technology is incredibly budget friendly," said Rakesh Takoo, Managing Director of Auzpack. "Our customers are long-time relationships that count on us to deliver solutions that work for them; becoming a reseller of Iveda was a no brainer." This news comes at a time of major global growth for Iveda, having recently announced multi-million dollar partnerships for AI-powered security across Vietnam, a Latin American exclusive partner which anticipates $5M for 2024, and a $3.2M contract with the Taiwanese government for AI video search and surveillance among other major international expansions. 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/20240306874611/en/
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