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Iveda awarded $1.7M contract expansion

Iveda awarded $1.7M contract expansion

Iveda Awarded $1.7M Contract Expansion

MESA, Ariz. – Cloud-based AI video search and sensor technology solutions provider Iveda has announced a new contract with a Taiwanese government agency worth roughly $1.7 million in gross revenues.

With this contract Iveda said it will provide networking equipment and interprocess communication (IPC) computers to 45 new locations nationwide, which will assist the agency in designing and installing a state-of-the-art video command, communication, and control system. The remaining locations are scheduled to be completed by the end of the year (overseen and managed by Iveda Taiwan). Iveda also said that this project deployment has the potential for an another 194 locations to be put under contract in the future.

“As the need for robust, AI-powered video surveillance continues to expand worldwide, Iveda’s technology is keeping citizens, communities, and government personnel safe,” said David Ly, Iveda CEO and founder. “The company is poised to continue its momentum for the second half of 2023, all while effectively improving security operations and quality of life for the people of Taiwan. We’re eager to continue strengthening our partnerships in the region through this contract and beyond.”

This contract is in line with several other Taiwan-based smart city deals worth more than $1 million that have been inked by Iveda this year. Iveda Taiwan said that it will continue to work with local organizations and government municipalities to expand the company’s AI, IoT, and smart city offerings across the nation.

“Iveda Taiwan has experienced impressive growth in the past year from new and returning, long-term, clients,” said Ing-Hang Shiau, president of Iveda Taiwan. “The Taiwan government agency client understands the need for state-of-the-art, comprehensive AI security solutions and this strategic contract expansion is the proof of that mindset.”

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