Iveda Solutions - IVDA STOCK NEWS

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.

Iveda (NASDAQ:IVDA) announced that the Interstate Land Management has approved a trial of IvedaAI™ and ClearView Asset Protection's Smart Tower to enhance parking security in 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 zones under the I-95 overpass. The technology aims to address parking lot safety concerns, as FBI data shows parking lots are the third most common location for violent crimes, accounting for over 25% of violent crimes in America. The system can also monitor parking duration and vehicle loitering, streamlining parking operations.

Iveda (NASDAQ: IVDA) has expanded its presence in Egypt through a strategic partnership with the Arab Organization for Industrialization (AOI) and ZeroTech. The collaboration includes technology transfer for local manufacturing of VEMO Body Cam in Egypt. The partnership enables integration of VEMO with IvedaAI, described as the world's fastest AI video analytics solution. ZeroTech Egypt, which produces half a million surveillance cameras annually, will help manufacture and distribute the technology. Iveda has also appointed an Egyptian Market Manager and opened Innovation Offices in AOI's new building in Cairo.

Iveda (NASDAQ: IVDA) announces major updates to its VEMO Body Cam, now integrated with IvedaAI's real-time analytics, making it the first wearable body camera with direct streaming to AI video analytics. The solution includes the new VEMO Command Center, a back-end platform for device management, live video streaming, GPS tracking, and SOS alerts. The camera features up to 15 hours of battery life, 4G connectivity, Wi-Fi, GPS, and infrared capabilities. Priced at $450 MSRP per unit with optional IvedaAI Cloud service starting at $99 monthly, VEMO targets the body-worn camera market projected to grow by $1.26 billion over four years.

Iveda (NASDAQ: IVDA), a leader in cloud-based AI technology, has partnered with Data Management, a disaster recovery services provider, to implement IvedaEMS for minimizing carbon emissions and maximizing energy savings. IvedaEMS uses smart meters to track CO2 output, identify energy inefficiencies, and ensure ESG compliance. The global energy management system market is projected to reach $84.34 billion by 2029, highlighting significant growth opportunities.

Data Management, with facilities in Arizona and Florida, will use IvedaEMS to optimize energy consumption and maintain ESG compliance. Iveda CEO David Ly emphasized the effectiveness of IvedaEMS for data management facilities. The system integrates with existing IoT devices, offering potential for major cost savings. Data Management's President, Mike Everette, expressed excitement about adopting ESG solutions and reducing carbon emissions while improving operational performance.

Iveda, a global leader in cloud-based AI technology, is partnering with major cities across the Philippines and Asia to establish specifications and standards for Smart City deployments. Iveda Philippines is leading efforts to provide direction and industry benchmarks for efficient implementation of smart technologies like IvedaAI, Utilus Smart Pole, IvedaEMS, and Cerbero.

With over 20 years of industry experience, Iveda offers AI, IoT, and smart city solutions that integrate seamlessly with existing infrastructure, minimizing costs for cities. The company is developing a comprehensive framework for Smart City specifications, including AI-powered technologies, IoT systems, and advanced data analytics.

This initiative aims to improve safety, operational efficiency, and sustainability in urban areas. The global smart cities market is projected to reach $318.8 billion by 2025, highlighting the growing demand for technological innovation in urban development.

Iveda (NASDAQ: IVDA), a global leader in cloud-based AI, has announced its compliance with Nasdaq's minimum bid price requirement. The company's stock traded above $1.00 per share for 10 consecutive business days, meeting the criteria set in Nasdaq Listing Rule 5550(a)(2). As a result, Nasdaq has confirmed that the matter is now closed.

David Ly, CEO of Iveda, expressed satisfaction with regaining full compliance with Nasdaq's listing requirements. He emphasized the company's ongoing commitment to advancing its innovative AI and IoT technologies for smart city initiatives and global safety applications. Ly also highlighted the importance of maintaining Nasdaq listing for creating value for Iveda's shareholders.