Iveda Solutions Stock Price, News & Analysis

Iveda (IVDA) announced an initial purchase order for its IvedaPinpoint wristwatches from B-Lab, a Japanese technology provider. These IoT devices will monitor seniors living alone in Japan as part of an elderly care study. The watch tracks movement, with alerts for inactivity, and can include a body temperature sensor. This project follows a prior study funded by the National Institute on Aging. The initiative highlights the growing demand for technology in senior care, particularly in Japan, which has a significant aging population. CEO David Ly emphasizes the potential for future growth.

Iveda (OTC: IVDA) has partnered with Farnsworth Realty and Management Co. to deploy IvedaAI technology in Home Owner Associations (HOAs) and gated communities, starting with The Wells, a 55+ community in Mesa, Arizona. This initiative aims to enhance security by addressing property crimes, such as burglaries and gate damages. IvedaAI distinguishes itself from traditional license plate readers by providing quicker vehicle identification. With a market size of $33 billion for HOAs in the U.S., Iveda's technology is expected to generate a quick return on investment for communities.

Iveda (OTC: IVDA) announced the closure of a strategic investment from Bell Limited Partnership, a Malaysian private equity fund focused on technology-driven growth companies. Bell's investment highlights Iveda's significant global revenue potential, especially in Japan, where IvedaAI's video analytics are being integrated into a major retail chain. This partnership marks a critical step for Iveda to penetrate the lucrative Japanese market, supported by Bell's expertise in market expansion.

Iveda (OTC: IVDA) has completed the audit of its financials for 2020 and 2019, performed by BF Borgers CPA PC. This allows Iveda to resume filing financial reports via Forms 10-Q and 10-K and apply for uplisting to OTCQB, achieving a significant milestone in its strategic plan. CEO David Ly expressed commitment to transparency and growth, mentioning ongoing engagements with partners to enhance revenue. Iveda specializes in IoT platforms, offering solutions like IvedaAI and Sentir video surveillance products.

Iveda (OTC: IVDA) announced the engagement of BF Borgers CPA PC for audits under PCAOB Standards to prepare for its uplisting with the SEC. This move follows Iveda's achievement of Current Pink Sheet status and aims to boost its visibility among investors. BF Borgers CPA PC has a strong reputation with extensive experience serving publicly traded companies. Iveda's financials already comply with U.S. GAAP, and the audit aims to finalize its reporting status. The company emphasizes its commitment to transparency and accountability to shareholders in its growth strategy.

Iveda (OTC: IVDA) has announced the launch of its second-generation IvedaMobile app, which allows smartphones or tablets to function as video surveillance cameras, integrated with IvedaAI. This app enables real-time searches for faces and license plates without complicated setups, enhancing security measures in various environments such as schools and public events. IvedaAI’s facial recognition capabilities are now accessible on mobile devices. The growth of smartphone usage and video streaming markets supports Iveda's strategic positioning.

Iveda (OTC: IVDA) announces the appointment of Greg Omi as Chief Technology Officer to drive its technology roadmap. Greg's extensive experience includes being a senior engineer at Tesla, where he greatly improved load times in Zynga's FarmVille. His background encompasses developing software for iconic games at Naughty Dog and expertise in data compression and video processing. Omi, who is also an early investor in Iveda, expressed excitement about his new role in shaping the company's innovative technology.

Iveda Solutions, Inc. (OTC: IVDA) announced a contract worth approximately US $1.5 million with Taiwan Taoyuan International Airport. The project will enhance the airport's facility management and power monitoring systems, scheduled to begin this month. Iveda will collaborate with Siemens to create a SCADA system for improved anomaly alerting and to integrate various energy sources. The project includes the establishment of a comprehensive facility management system utilizing GIS. This contract highlights Iveda's continued partnership with the airport and its commitment to developing smart city solutions.