Iveda Expands Business with Loyal Government and Infrastructure Clients in Taiwan

Rhea-AI Summary

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.

Positive

• Secured $1.7M government contract with expansion potential to 300 sites
• Generated over $1M in Taipei City construction projects in 2023
• Expanded Taiwan Stock Exchange contract from 2022
• Maintained long-term contracts with multiple government entities ensuring consistent revenue

Negative

• None.

Insights

Financial Analyst

Iveda's Taiwan business update represents meaningful revenue continuity rather than a breakthrough announcement. The company highlights several ongoing contracts that provide sustained income in critical infrastructure sectors:

The $1 million in Taipei City construction projects initiated in 2023 and a $1.7 million government contract from late 2023 represent significant revenue streams for a company with just a $6.8 million market capitalization. These contracts effectively support Iveda's current valuation.

While the announcement lacks specific growth metrics or precise revenue contributions from these contracts, it indicates Iveda has established strong client relationships in Taiwan's government and infrastructure sectors. Contract renewals and expansions with entities like Taiwan Stock Exchange and Taiwan Power Company demonstrate product stickiness and potential for incremental revenue growth.

The recurring nature of these contracts provides an important foundation for predictable cash flow, though investors should note the company hasn't quantified what percentage of total revenue comes from these Taiwan operations. Revenue visibility remains somewhat without more detailed financial disclosures.

These government and infrastructure contracts typically offer stable, long-term revenue but with potentially compressed margins due to competitive bidding processes. The 30-year DREAMS renewable energy initiative represents particularly valuable long-term positioning if Iveda can maintain its involvement throughout the project lifecycle.

Iveda’s Taiwan office reports sustained revenue from repeat contracts in energy, transportation, and government security.

MESA, Ariz.--(BUSINESS WIRE)-- Iveda® (NASDAQ: IVDA), a global leader in AI video surveillance and smart infrastructure, today announced continued momentum across its major contracts in Taiwan, demonstrating the company’s ability to drive long-term value and deepen relationships with some of the region’s most critical government and infrastructure clients. As demand for intelligent infrastructure grows, Iveda’s Taiwan-based team continues to deliver high-impact technology deployments that support national-scale operations—ensuring consistent revenue growth and reinforcing Iveda’s position as a trusted innovation partner.

“Iveda has become the trusted name for security and smart infrastructure technology in Taiwan,” said Ing-Hang Shiau, President of Iveda Taiwan. “These projects are not only large in scope—they’re built for longevity, scalability, and measurable impact. Our sustained relationships with Taiwan's key infrastructure sectors demonstrate that when reliability is essential, decision-makers repeatedly choose Iveda's technology to safeguard their most valuable assets and operations.”

Ongoing Success Across High-Impact Sectors

Iveda Taiwan reported the following updates on long-held contracts, many of which span multiple years and government entities, include:

• Taiwan Stock Exchange – Iveda Taiwan has expanded their initial contract with the TSE from 2022. This past year, they’ve continued executing AI-powered upgrades to the Exchange’s surveillance, access control, and facial-recognition systems.
• Taipei City Public Works Bureau – Iveda Taiwan announced that over $1 million in Taipei City construction projects were initiated in 2023. Involved cities have maintained and renewed work every year with Iveda for continued modernization of video infrastructure for city road and construction management.
• Taiwan Power Company (TPC) – Iveda Taiwan has continued their integration into the 30-year DREAMS renewable energy initiative, enabling remote inverter access and data routing for Taiwan’s national power grid, which expands annually.
• Undisclosed Government Agency – Iveda Taiwan was awarded a $1.7 million government contract at the end of 2023, to deliver networking equipment, IPC computers, and a secure video command system across 45 locations. The team has executed that and is now preparing to scale to over 300 sites nationwide.

These long-term projects continue to drive business growth for Iveda’s Taiwan team, expanding the company’s presence across key sectors like energy, finance, transportation, and public infrastructure—making Iveda a well-known and trusted partner throughout Taiwan’s critical systems ecosystem. The continuation and expansion of these initiatives underscore Iveda’s credibility and staying power in complex, high-stakes environments. With the flexibility to scale and the expertise to execute, Iveda delivers smart technology solutions that evolve with the needs of national clients.

“We’re proud to deliver for customers who demand excellence at scale,” added David Ly, CEO and Founder of Iveda. “These enduring partnerships demonstrate our unique position at the intersection of security, AI, and critical infrastructure. With our recent IvedaAI update introducing smart auto-configuration and automatic discovery, we're not just maintaining these relationships—we're transforming how national systems evolve and scale. These contracts reflect both our technological capabilities and our unwavering commitment to building the secure, intelligent infrastructure of tomorrow.”

To learn more about Iveda’s global AI and IoT solutions, visit www.iveda.com.

About Iveda Solutions®

Iveda (NASDAQ:IVDA) is the provider of global solutions for cloud-based, video AI search and surveillance technologies that protect the people, places, and things that matter the most. Iveda’s technology has the power to provide instant intelligence to existing infrastructure, enabling cities and organizations around the world to seamlessly enter the fifth industrial revolution. Iveda operates at the forefront of digital transformation of cities across the world, using IoT platforms with smart sensors and devices developed to aid with use cases surrounding public safety, security, elderly care, energy efficiency, and environment preservation. Headquartered in Mesa, Arizona, with a subsidiary in Taiwan, Iveda is publicly traded under the ticker symbol “IVDA”.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250414680939/en/

Media Contact

Olivia Civiletto Erwin

olivia@dottedlinecomm.com

716.785.1108

Source: Iveda

FAQ

What major contracts did Iveda (IVDA) secure in Taiwan for 2023-2024?

Iveda secured multiple contracts including a $1.7M government project for 45 locations, $1M+ in Taipei City construction projects, ongoing Taiwan Stock Exchange surveillance upgrades, and continued integration with Taiwan Power Company's DREAMS initiative.

How much is Iveda's (IVDA) contract with Taipei City Public Works Bureau worth?

Iveda initiated over $1 million in Taipei City construction projects in 2023 for video infrastructure modernization in city road and construction management.

What is the scope of Iveda's (IVDA) undisclosed government contract in Taiwan?

The $1.7 million contract involves delivering networking equipment, IPC computers, and secure video command systems across 45 locations, with plans to expand to over 300 sites nationwide.

What services is Iveda (IVDA) providing to the Taiwan Stock Exchange?

Iveda is providing AI-powered upgrades to the Exchange's surveillance, access control, and facial-recognition systems, expanding upon their initial 2022 contract.