Iveda Launches IvedaESS––A Portable, Plug-and-Play Security Solution for the Power of IvedaAI On the Go

Rhea-AI Summary

Iveda (NASDAQ: IVDA) has launched IvedaESS, a portable, plug-and-play security solution that brings IvedaAI capabilities to various environments. The system combines an IvedaXpress Camera with a weatherproof enclosure, 4G router, dual SIM slots, and a rechargeable battery. It's designed for construction sites, traffic monitoring, and event security, offering real-time alerts and remote monitoring through a web portal or mobile app.

IvedaESS aims to reduce losses in industries like construction, where equipment theft and vandalism cost over $1 billion annually. With subscriptions starting at $99 per month, users can access AI analytics including license plate recognition, facial recognition, and intrusion detection. The system is now available at an introductory price of $1,299.

Positive

• Launch of IvedaESS, a portable and versatile security solution
• Potential to reduce losses in construction industry, which faces over $1 billion annual losses due to theft and vandalism
• Subscription-based model starting at $99 per month for AI analytics
• Introductory price of $1,299 for the IvedaESS system

Negative

• None.

Insights

Tech Expert

IvedaESS represents a significant advancement in portable security solutions, leveraging AI capabilities for real-time monitoring. The system's plug-and-play nature, combined with IvedaAI integration, addresses a important market need for flexible, high-tech security in temporary or remote locations. Key features like 4G connectivity, weatherproof design and extended battery life make it particularly suitable for construction sites and event security.

The $99 monthly subscription model for AI analytics is competitively priced, potentially opening up advanced security features to a broader market. However, the $1,299 introductory price for the hardware may limit initial adoption to larger businesses or those with significant security concerns. The system's ability to reduce the need for on-site security personnel could lead to substantial cost savings for users, especially in the construction industry where theft-related losses are significant.

While innovative, Iveda will face competition from established security firms and may need to prove the reliability and effectiveness of IvedaESS in various real-world scenarios to gain market share. The product's success could positively impact Iveda's revenue stream, but given the company's small market cap of $3.77 million, significant sales growth would be needed to materially affect the stock price.

MESA, Ariz.--(BUSINESS WIRE)-- Iveda (NASDAQ: IVDA),the global leader in cloud-based AI, today announces the launch of IvedaESS, a portable, plug-and-play security solution that enables users to tap into the power of IvedaAI from anywhere. IvedaESS is designed for use cases including construction sites, traffic monitoring, event security, and other dynamic environments that require reliable, mobile surveillance. With IvedaESS, users can instantly receive alerts when suspicious activity is detected, allowing them to take immediate measures informed by actionable intelligence.

The IvedaESS system combines the high-quality IvedaXpress Camera with a weatherproof enclosure that includes a wireless 4G router, dual SIM slots, and a rechargeable battery that supports a full shift of continuous use. Custom setups, including a solar power option, are available upon request. This innovative configuration provides flexibility and durability, making it ideal for environments where quick deployment and robust security are crucial.

The construction industry alone loses over $1 billion annually due to equipment theft and vandalism, according to the National Equipment Register (NER). With IvedaESS, construction companies can significantly reduce losses through proactive monitoring and real-time alerts, minimizing the need for additional security guards and decreasing downtime caused by ongoing incidents.

IvedaESS enables users to remotely harness the power of IvedaAI by streaming video directly to the cloud, accessible through IvedaXpress’s intuitive web portal. Unlike traditional security systems that require costly permanent fixtures, extensive cabling, and lengthy installation times, IvedaESS offers a versatile, plug-and-play solution that can be deployed anywhere. The entire system is easily managed through a user-friendly web application or mobile app, allowing users to monitor alerts, control activity, and adjust settings remotely, from any device. With subscriptions starting as low as $99 per month, video feed can be streamed to the IvedaAI Cloud, where powerful AI analytics––around things like license plate recognition, facial recognition, object counting, intrusion detection, and more––are applied in real time.

“Our new IvedaESS unit allows users to deploy a powerful and portable security solution across multiple industries,” said David Ly, Iveda’s CEO and founder. “From remotely monitoring construction sites and managing traffic flow to securing theme parks, or concert venues, the use cases are endless. IvedaESS can also be used for HOAs in neighborhoods that need a quick, easy-to-set-up solution to manage and monitor community gates and entrances.”

Arthur VanHouten, Black Box’s Solutions Architect, has first-hand experience deploying IvedaESS. He commented, “Our team was interested in IvedaESS for its flexibility and ease of deployment to track and protect materials and human capital. We found it to be a perfect fit for our large-scale projects in collaboration with general contractors.” He continued, “This system enables us to safeguard our assets, expedite deployments, and achieve precise, on-target performance measures. The versatility of IvedaESS makes it a powerful tool for hyper-scale data centers, smart city assessments, and community safety initiatives, ensuring we protect the environments where we work, play, and live.”

IvedaESS is now available for order at an introductory price of $1,299. For more information or to schedule a demo, please contact sales@iveda.com.

About Iveda Solutions®

Iveda (NASDAQ: IVDA) provides global solutions for cloud-based video AI search and surveillance technologies that protect the people, places, and things that matter most. Iveda’s technology delivers instant intelligence to existing infrastructure, enabling cities and organizations worldwide to seamlessly enter the fifth industrial revolution. Iveda operates at the forefront of the digital transformation of cities across the globe, using IoT platforms with smart sensors and devices to support public safety, security, elderly care, energy efficiency, and environmental 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/20241001325445/en/

Olivia Civiletto Erwin

iveda@dottedlinecomm.com

Source: Iveda

FAQ

What is IvedaESS and what does it offer?

IvedaESS is a portable, plug-and-play security solution launched by Iveda (NASDAQ: IVDA). It offers real-time AI-powered surveillance capabilities, including license plate recognition, facial recognition, and intrusion detection, for various environments such as construction sites and event security.

How much does IvedaESS cost and what are the subscription options?

IvedaESS is available at an introductory price of $1,299. Subscriptions for AI analytics start at $99 per month, allowing users to stream video to the IvedaAI Cloud for real-time analysis.

What industries can benefit from using IvedaESS?

IvedaESS is designed for various industries, including construction, traffic monitoring, event security, theme parks, concert venues, and homeowners associations (HOAs) for monitoring community gates and entrances.

What are the key features of the IvedaESS system?

IvedaESS features an IvedaXpress Camera, weatherproof enclosure, 4G router, dual SIM slots, and a rechargeable battery. It offers remote monitoring, real-time alerts, and AI analytics through a user-friendly web application or mobile app.