Iveda Solutions - IVDA STOCK NEWS

Iveda (NASDAQ: IVDA), an AI video surveillance and smart infrastructure company, reported continued growth in Taiwan through multiple long-term government and infrastructure contracts. The company's Taiwan office maintains strong relationships with key clients including:

• Taiwan Stock Exchange - Expanding 2022 contract with AI-powered surveillance upgrades
• Taipei City Public Works Bureau - Over $1 million in construction projects initiated in 2023
• Taiwan Power Company - Ongoing integration in 30-year DREAMS renewable energy initiative
• Undisclosed Government Agency - Recently awarded $1.7 million contract for networking equipment and video command systems across 45 locations, with plans to expand to 300 sites

These partnerships span energy, finance, transportation, and public infrastructure sectors, demonstrating Iveda's growing presence in Taiwan's critical systems ecosystem.

Iveda (NASDAQ: IVDA) has launched an enhanced version of IvedaAI™, its AI video analytics platform, featuring significant improvements in deployment efficiency and cost-effectiveness. The update introduces automated camera discovery, seamless scene configuration, and improved compute efficiency, reducing setup time for thousand-camera networks from weeks to hours.

The company has introduced a new Flexible Software License model with two tiers: Signature (allowing two analytics functions) and Premier (full analytics access). This development comes as the global smart cities market is projected to reach US$80 billion by 2025, with a 9.60% CAGR through 2029.

The platform's improvements include instant camera recognition, automated mapping, identification of regions of interest, and AI-driven analytics recommendations. Iveda's 2025 platform roadmap, previewed in November 2024, showcases proprietary Large Language Models (LLMs) integration and enhanced object detection capabilities.

Iveda (NASDAQ: IVDA), a leader in AI-driven video surveillance and smart city solutions, has achieved ISO 27001 certification, placing it among the top 1% of technology businesses worldwide with this prestigious security standard. Out of approximately seven million technology companies, fewer than 70,000 hold this certification.

The certification validates Iveda's commitment to risk management, data protection, compliance, and continuous improvement. The company has demonstrated its capabilities through major deployments with the New Taipei City Government in Taiwan and the Arab Organization of Industrialization in Cairo, Egypt. Notable data centers, including Banqiao by Chunghwa Telecom and ColoBarn, have chosen Iveda's technology based on these cybersecurity standards.

This achievement positions Iveda as a trusted partner in advanced surveillance technology, particularly important for government agencies, high-security enterprises, and critical infrastructure operators requiring stringent data protection measures.

Iveda (NASDAQ: IVDA) has launched an enhanced version of Iveda Pinpoint, an AI-powered Real-Time Location System (RTLS) designed to solve asset tracking challenges in healthcare and industrial settings. The system has been successfully deployed at Changhua Christian Hospital (CCH) in Taiwan, where it addresses the critical issue of hospitals losing up to 20% of mobile assets like wheelchairs and medical equipment, with each item costing around $3,000.

The upgraded system features proprietary AI technology that improves tracking accuracy by filtering RF noise, complemented by new tracking accessories including the Pinpoint E-Badge, Smart Watch, and Smart Tag. At CCH, which has over 4,000 beds, the system's Geo-Fencing feature alerts staff when wheelchairs move beyond designated areas, significantly reducing equipment loss.

According to Markets and Markets, the global RTLS market, valued at $6.03 billion in 2024, is projected to reach nearly $16 billion by 2029.

Iveda (NASDAQ: IVDA) has successfully deployed LevelNOW, its AI-driven liquid storage management solution, for Gulf Western Oil in Australia. The system provides real-time monitoring of liquid levels and automates refill scheduling, enhancing operational efficiency across Gulf Western's facilities.

LevelNOW features two patented sensor types: a standard cap valve for 200-liter drums and an external sensor for various container sizes. The solution enables Gulf Western to receive instant low-level notifications and proactively schedule refills, optimizing inventory management and improving customer service.

The global tank level monitoring system market is projected to reach $1.5 Billion by 2031. Gulf Western, which operates across Australia, New Zealand, Asia, and Russia, is leveraging LevelNOW to streamline distribution channels and enhance customer engagement across its extensive market footprint.

Iveda (NASDAQ: IVDA) concludes a significant year with five major product launches in AI and IoT technology. The company introduced LevelNOW™, a liquid storage management solution deployed with a major Australian oil company; IvedaAI™ Cloud, a cloud-based AI video analytics service starting at $100/month; IvedaAI™ Forensics Desk for law enforcement in Philippines; IvedaESS, a portable surveillance system; and VEMO, a wearable body camera solution priced at $450 per unit.

The company has secured early adoptions across various regions, including deployments in the United States, Asia, and Egypt. Notably, VEMO received endorsement from Egypt's Visual Monitoring Committee for government projects. Iveda has entered beta testing for an enhanced IvedaAI™ platform featuring LLMs and VLMs, scheduled for full rollout in Spring 2025.

Iveda (NASDAQ: IVDA), a cloud-based AI technology company, endorses the U.S. Department of Homeland Security's new Roles and Responsibilities Framework for Artificial Intelligence in Critical Infrastructure. As a DHS SAFETY Act designated company since 2009, Iveda supports this initiative aimed at advancing safe and ethical AI deployment. The framework represents a collaborative effort between industry, academia, civil society, and government stakeholders to develop guidelines for responsible AI use in critical infrastructure. DHS Secretary Mayorkas highlighted AI's potential to enhance U.S. critical infrastructure resilience while addressing potential risks.

Iveda (NASDAQ: IVDA) announces significant updates to IvedaAI, its video analytics technology platform. The enhanced system combines object recognition models with proprietary Large Language and Vision Language Models to deliver advanced video detection, search, and alerts. The next version will be available in beta in January 2025, with full rollout in Spring 2025.

Key features include a conversational virtual assistant, automated camera discovery, and smart scene scanning for large-scale deployments. The platform targets applications in smart cities, educational campuses, and retail sectors, offering capabilities like traffic monitoring, security enhancement, and retail operations tracking.

Iveda (NASDAQ:IVDA) announced that the Interstate Land Management and Philadelphia Parking Authority (PPA) has approved a trial of IvedaAI™ and ClearView Asset Protection's Smart Tower technology to enhance parking security across Philadelphia. The project will implement IvedaAI's advanced features including facial recognition, weapon detection, and license plate reading through ClearView's security trailers equipped with four cameras each. The deployment targets high-crime areas including Jackson Street, Front Street, and parking areas under the I-95 overpass. The system will also monitor parking duration and vehicle loitering, aiming to improve operational efficiency. This trial is expected to lead to broader implementation across Philadelphia and other U.S. cities.