Iveda Solutions Inc

Iveda Solutions, Inc. enables cloud video surveillance via its Sentir data and video management platform, utilizing proprietary video streaming and big data storage technology. The firm provides services for telecommunications companies, datacenter operators, ISPs, and cable companies. Its products include IP Video products, IOT Devices & LAN Switches. The company was founded by David Ly in 2003 and is headquartered in Mesa, AZ.

MESA, Ariz., March 21, 2023 (GLOBE NEWSWIRE) -- Iveda ® (NASDAQ:IVDA), the global solution for cloud-based AI video and sensor technologies, proudly announces an update following the October launch of Iveda Philippines JV (joint venture), anticipating initial 2023 deployments to be a minimum of $3 million. Each initial smart city deployment across the region will range from $250,000 to $500,000 with recurring revenue for annual fees covering software maintenance and upgrades.

Iveda Philippines Targets $3M from Municipalities for Smart City Technology

Mesa, Arizona, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Iveda® (NASDAQ:IVDA), the global solution for cloud-based AI video and sensor technologies, today announced a 20-year, exclusive distribution agreement, creating a physical security partnership with Logistica Corporativa Agua Azul––part of the Grupo Desson portfolio––effectively bringing innovative AI video search and IoT technology to the Latin American market. Upon successful in-country implementation of Iveda technology, training, and launch, this contract aims to bring in 100 new customer locations every year, to be implemented with recurring revenue streams. In doing so, our partner will maintain the exclusive nature of the partnership, and Iveda expects to generate a minimum of $44M throughout the first 20 years of the collaboration.

Iveda Executes Exclusive $44M Distribution Agreement With Premier Latin American Security Firm

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Mesa, Arizona, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Iveda® (NASDAQ:IVDA), the global solution for cloud-based AI video and sensor technologies, today announced the launch of a $1.5 million project for Utilus Smart Pole technology in Kaohsiung, Taiwan, equipping the country's largest harbor city with critical IoT infrastructure for smart city deployments. Utilus brings Iveda technology––including video surveillance, AI-based video analytics, IvedaSPS (smart power system), and IvedaPinpoint (location-based trackers and smart sensors) ––together in a centralized platform, which is integrated into existing infrastructure for true smart city implementations. Utilus' smart, multi-purpose poles will help Kaohsiung solve a myriad of urban challenges, from improving parking and traffic management and charging electric vehicles, to detecting and notifying officials about street flooding, all through real-time data and alerts.

Iveda Announces $1.5 Million Utilus Smart Pole Deployment in Kaohsiung, Taiwan, Enabling A True Smart City Infrastructure [Updated]

Mesa, Arizona, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Iveda® (NASDAQ:IVDA), the global solution for cloud-based AI video and sensor technologies, today announced the launch of a $1.5 million project for Utilis Smart Pole technology in Kaohsiung, Taiwan, equipping the country's largest harbor city with critical IoT infrastructure for smart city deployments. Utilus brings Iveda technology––including video surveillance, AI-based video analytics, IvedaSPS (smart power system), and IvedaPinpoint (location-based trackers and smart sensors)––together in a centralized platform, which is integrated into existing infrastructure for true smart city implementations.

Iveda Announces $1.5 Million Utilis Smart Pole Deployment in Kaohsiung, Taiwan, Enabling A True Smart City Infrastructure

The collaboration aims to transform elderly care through cloud-based, wireless sensor technology

Iveda® and Care Daily Partner to Advance Aging-in-Place Technology

MESA, Ariz.--( BUSINESS WIRE )--Iveda® (NASDAQ:IVDA), the global solution for cloud-based AI technology, today announced the launch of IvedaCare, an AI-assistant that enables users to effectively care for the people, places, and things that matter most. IvedaCare is the first scientifically validated at-home AI Caregiver service. The patented AI-driven, predictive software learns users' lifestyle preferences in order to make informed decisions around health and security, effectively reducing false alarms and providing unparalleled peace of mind to caregivers using the technology.

Iveda® Launches IvedaCare, an AI-driven Assistant for Safety, Security, and Elderly Care

MESA, Ariz.--( BUSINESS WIRE )--Iveda Solutions® (NASDAQ:IVDA), the global solution for cloud-based AI technology, today announced Dotted Line Communications, a leading communications firm for technology professionals and businesses, and Automations Solutions Agency, online marketing experts for industries spanning AI, retail, and personal brands, as the brand's public relations and social media agencies of record. Partnering with both agencies serves as a major proof point of Iveda's anticipated exponential growth and momentum as the organization continues to innovate in AI, smart automation language, smart cities, IoT, and security technologies.

Iveda Solutions® Selects Dotted Line Communications and Automations Solutions Agency as North American PR and Social Media Agencies

MESA, Ariz., Oct. 07, 2022 (GLOBE NEWSWIRE) -- Iveda (NASDAQ: IVDA), a worldwide provider of artificial intelligence (AI) video search, Internet of Things (IoT), video surveillance and Smart City digital transformation technologies announced today that it has established Iveda Philippines JV (joint venture), giving the company a presence in a new and quickly emerging market for Smart City technology.

Iveda's Joint Venture in the Philippines Targets Municipalities for Smart City Technology

Mesa, AZ., Aug. 09, 2022 (GLOBE NEWSWIRE) -- Iveda Solutions, Inc. (“Iveda” or the “Company”) (Nasdaq: IVDA), the worldwide provider of IvedaAITM intelligent video search technology, Sentir® video surveillance products, IvedaPinpointTM and IvedaCareTM IoT (Internet of Things) platforms with smart devices, announced today that it has entered into a securities purchase agreement with institutional investors to raise approximately $5 million in gross proceeds through the private placement of 3,289,474 shares of common stock (or pre-funded warrants in lieu thereof), and 3,289,474 Warrants. Each share of common stock (or pre-funded warrant in lieu thereof) is being sold together with accompanying warrants at a combined effective purchase price of $1.52. The Warrants will be exercisable immediately from the date of issuance at an exercise price of $1.40 per share and will expire five and half years from the date of issuance. The closing of the private placement is expected to occur on August 11, 2022, subject to the satisfaction of certain customary closing conditions set forth in the securities purchase agreement.

Iveda Solutions (Nasdaq:IVDA) Announces $5 Million Private Placement

MESA, Ariz., Aug. 08, 2022 (GLOBE NEWSWIRE) -- Iveda (NASDAQ: IVDA), a worldwide provider of artificial intelligence (AI) video search, Internet of Things (IoT), video surveillance and smart city digital transformation technologies, today announces four signed contracts in Taiwan worth approximately $3 million gross revenues. These projects are in process and are slated to be completed by the end of 2022 calendar year. Iveda Taiwan will manage and see the projects to completion.

Iveda Awarded $3 Million in Taiwan Projects

MESA, Ariz., May 16, 2022 (GLOBE NEWSWIRE) -- Iveda (NASDAQ: IVDA), a worldwide provider of smart city digital transformation technologies, Artificial Intelligence (AI)-based video search technology and Internet of Things (IoT) devices and management platforms, announced that it has hired Mo Bakheit as the company's Vice President of Business Development.

Iveda Appoints Smart City and AI Visionary Mo Bakheit as VP of Business Development

MESA, Ariz., April 18, 2022 (GLOBE NEWSWIRE) -- Iveda (NASDAQ: IVDA), a worldwide provider of AI video search, Internet of Things (IoT), video surveillance and smart city digital transformation technologies, today announced the signing of a strategic partnership agreement with IP Dream, Inc. A $1.3 million purchase order for 50 units of Iveda's Utilus smart pole is IP Dream's initial order. IP Dream is a worldwide provider of IT and communications technology in Japan since 2004, whose customers include Hitachi, Canon, Toyota, Secom, NTT Group and Softbank.

Iveda Receives $1.3M Smart Pole Purchase Order from New Strategic Partner for Agricultural and Solar Farms in Japan

Iveda Solutions Inc (NASDAQ: IVDA) shares are trading lower by 21.24% at $2.41 as the stock pulls back after surging Monday following the launch of Utilus. Iveda Monday said Utilus brings together all of Iveda's smart city technologies including video surveillance, AI-based video.

Here's Why Iveda Solutions Shares Are Falling

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Iveda Solutions Inc (NASDAQ: IVDA) shares are trading higher by 41.7% at $3.09 after the company announced the launch of Utilus. Iveda says Utilus brings together all of Iveda's smart city technologies including video surveillance, AI-based video analytics, IvedaSPS (smart power system).

Here's Why Iveda Solutions Shares Are Rising

MESA, Ariz., April 11, 2022 (GLOBE NEWSWIRE) -- Iveda (NASDAQ: IVDA), the worldwide provider of AI video search, Internet of Things (IoT), video surveillance and smart city digital transformation technologies, announced the launch of Utilus. Utilus brings together all of Iveda's smart city technologies including video surveillance, AI-based video analytics, IvedaSPS (smart power system) and IvedaPinpoint's location-based trackers and smart sensors, into a centralized management platform.

Iveda Unveils Utilus Smart Pole Technology, Sets the Standard for a True Smart City

MESA, Ariz, April 06, 2022 (GLOBE NEWSWIRE) -- Iveda (NASDAQ: IVDA), the worldwide provider of AI video search, Internet of Things (IoT), video surveillance and smart city digital transformation technologies, today announced that its products have been spec'd into the Taoyuan Aerotropolis Project.

Iveda Products Spec'd into $20 Billion Taoyuan Aerotropolis Project, Taiwan's Largest-Ever Urban Development Plan

MESA, AZ., April 05, 2022 (GLOBE NEWSWIRE) -- Iveda Solutions, Inc . (NASDAQ: IVDA, IVDAW) (“Iveda” or the “Company”), the worldwide provider of IvedaAI™ intelligent video search technology, Sentir® video surveillance products, IvedaPinpoint™ and IvedaHome™ IoT (Internet of Things) platforms with smart devices, today announced the closing of its previously announced underwritten public offering of 1,885,000 shares of common stock, and accompanying warrants to purchase 1,885,000 shares of common stock, at an aggregate offering price of $4.25 per share of common stock and accompanying Warrant. The Warrants are immediately exercisable at a price of $4.25 per share of common stock and will expire five years from the date of issuance. The shares of common stock and the accompanying Warrants were purchased together in the offering, but were issued separately and were immediately separable upon issuance. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 279,700 shares of common stock and/or up to an additional 279,700 Warrants at a price of $4.24 per share of common stock and $0.01 per warrant to cover over-allotments. The underwriter has partially exercised its option to purchase 279,700 additional Warrants. The common stock and Warrants began trading on the Nasdaq Capital Market on April 1, 2022, under the symbols “IVDA” & “IVDAW,” respectively. Iveda received gross proceeds of approximately $8.0 million, before deducting underwriting discounts and commissions and other estimated offering expenses. In connection with the offering and to qualify for Nasdaq listing, the Company effectuated a previously announced reverse split of its issued and outstanding common stock at a ratio of 1-for-8. The reverse stock split became effective at 6:00 P.M., Eastern Time, on Thursday, March 31, 2022. The share numbers and pricing information in this release are adjusted to reflect the impact of the reverse stock split. The new CUSIP number for the common stock following the reverse split is 46583A204.

Iveda Announces Closing of $8.0 Million Public Offering Uplisting to Nasdaq and Reverse Stock Split

MESA, AZ., March 31, 2022 (GLOBE NEWSWIRE) -- Iveda Solutions, Inc (OTCQB: IVDA) (“Iveda” or the “Company”), the worldwide provider of IvedaAI™ intelligent video search technology, Sentir® video surveillance products, IvedaPinpoint™ and IvedaHome™ IoT (Internet of Things) platforms with smart devices, today announced the pricing of its underwritten public offering of 1,885,000 shares of common stock, and accompanying warrants to purchase 1,885,000 shares of common stock, at an aggregate offering price of $4.25 per share of common stock and accompanying Warrant. The Warrants will be immediately exercisable at a price of $4.25 per share of common stock and will expire five years from the date of issuance. The shares of common stock and the accompanying Warrants can only be purchased together in the offering, but will be issued separately and will be immediately separable upon issuance. The common stock and Warrants are expected to begin trading on the Nasdaq Capital Market on April 1, 2022, under the symbols “IVDA” & “IVDAW,” respectively. Iveda expects to receive gross proceeds of $8.0 million, before deducting underwriting discounts and commissions and other estimated offering expenses. In connection with the offering and to qualify for Nasdaq listing, the Company effectuated a reverse split of its issued and outstanding common stock at a ratio of 1-for-8. The reverse stock split became effective at 6:00 P.M., Eastern Time, on Thursday, March 31, 2022. The share numbers and pricing information in this release are adjusted to reflect the impact of the reverse stock split. The new CUSIP number for the common stock following the reverse split is 46583A204.

Iveda Announces Pricing of $8.0 Million Public Offering, Uplisting to Nasdaq and Reverse Stock Split

MESA, Ariz., Jan. 21, 2022 (GLOBE NEWSWIRE) -- Iveda (OTCQB: IVDA), the worldwide provider of IvedaAI ™ intelligent video search technology, Sentir® video surveillance products, IvedaPinpoint ™ and IvedaHome ™ IoT (Internet of Things) platforms with smart devices, today announced the launch of its commercial-grade, AI-driven Ultraviolet Germicidal Irradiation (UVGI) product. This product is the newest addition to Iveda's smart city portfolio.

Iveda Launches UVC Germicidal Irradiation Solution to Combat COVID-19 Widespread

MESA, Ariz., Jan. 05, 2022 (GLOBE NEWSWIRE) -- Iveda (OTCQB: IVDA), the worldwide provider of IvedaAI ™ intelligent video search technology, Sentir® video surveillance products, IvedaPinpoint ™ and IvedaHome ™ IoT (Internet of Things) platforms with smart devices, today announced its application to NASDAQ and the filing of a Form S-1 Registration Statement with the U.S. Securities and Exchange Commission (SEC). The Registration Statement relates to a potential $10 million offering of common stock and warrants to purchase shares of common stock with up to a potential $1.5 million overallotment option.

Iveda Files Form S-1 Registration Statement and Applies for NASDAQ Listing

MESA, Ariz., Nov. 16, 2021 (GLOBE NEWSWIRE) -- Iveda (OTCQB: IVDA), the worldwide provider of IvedaAI ™ intelligent video search technology, Sentir® video surveillance products, IvedaPinpoint ™ and IvedaHome ™ IoT (Internet of Things) platforms with smart devices, today announced that OTC Markets approved its application for uplisting from OTC Pink to OTCQB® Venture Markets (OTCQB).

News for Iveda Solutions Inc Stock (IVDA)