Iveda Solutions - IVDA STOCK NEWS

Iveda (NASDAQ: IVDA) has formed a strategic partnership with the Arab Organization for Industrialization (AOI) and ZeroTech to enhance AI-powered security solutions in Egypt. This collaboration leverages IvedaAI’s intelligent video search technology to upgrade ZeroTech’s security offerings, positioning the company strongly in the Egyptian market. The AI market in Egypt is projected to reach $877M by 2024, driven by the government's plan to introduce 38 new smart cities by 2050. The partnership aims to integrate AI into video surveillance, fire and intrusion detection, fingerprint and access control, and home automation systems, creating smarter security solutions. This alliance is expected to benefit communities with immediate safety improvements and represents a significant step in Iveda’s regional expansion, which began with a partnership with AOI in August 2023.

Iveda (NASDAQ: IVDA) has launched LevelNOW, a cutting-edge tracking and monitoring solution for efficient liquid storage management. The LevelNOW solution targets oil and gas companies, industrial organizations, and government agencies, offering advanced fluid monitoring, GPS tracking, and real-time alerts to enhance operational efficiency and ensure environmental compliance. Iveda has already received an initial order of 1,000 LevelNOW units from a leading Australian oil company. The global tank level monitoring system market is projected to reach $1,057 million by 2025, positioning Iveda as a key player in the industry.

Iveda (IVDA) collaborates with ClearView Asset Protection to enhance public safety systems using AI-powered surveillance technology. The partnership aims to improve AMBER Alert systems, interstate highways, sports stadiums, and more, aiding in locating missing persons and threats in real-time. The global AI video surveillance market is projected to reach $16.3 billion by 2028.

Iveda (IVDA) and Solomon to co-host two presentations at ISC West 2024 showcasing AI-powered technology for enhanced safety, productivity, and operational efficiency. Attendees will learn how AI can detect anomalies and threats in real-time, improving decision-making and minimizing errors. Iveda's vumastAR solution offers advanced AI vision software to digitize workflows and boost operational efficiency, creating a work environment that's easier and more productive. The technology leverages pre-existing hardware to support human staff in precision and safety-critical tasks, enhancing site security and accuracy. ISC West attendees can experience firsthand the benefits of AI vision technology and explore the possibilities of vumastAR to enhance their business operations.

Iveda (IVDA) releases data showing 84% of Americans are concerned about AI security, with over half having a positive view of AI's impact on security and daily life.

Iveda (IVDA) expands partnership with Evergreen Aviation Technologies Corp. to develop military-grade smart drones for surveillance and security in multiple countries. The partnership has a potential value exceeding $2.5 million, with one significant RFP valued at $1.8 million. Fortune Business Insights predicts the commercial smart drone market to reach $54.81 billion by 2030.

Iveda® (IVDA) launches IvedaAI Cloud Subscription, a service offering AI video search & surveillance capabilities for consumers and businesses. The service transforms existing IP cameras into smart cameras, providing enhanced security features. With the global IP camera market projected to reach $55.22 billion by 2030, Iveda aims to be a key player in the AI video category growth. The subscription service, starting at $99.99 a month, offers affordable plans for various users, from homeowners to small businesses, with easy setup and real-time alerts for intrusion detection and more.

Iveda partners with Auzpack to enhance safety and security through AI technology deployment, projecting $5M in business by 2024. Auzpack will utilize IvedaAI to improve worker safety, building security, and overall site safety, leveraging existing IP cameras and video infrastructure. The partnership aims to bring next-generation AI-powered technologies to Australia and surrounding regions.

Iveda (IVDA) partners with Piñon Unified School District to enhance on-campus surveillance using AI-powered technology, aiming to protect Navajo youth. The agreement enables intelligent monitoring for intruders, fire, traffic flow issues, facial, and license plate recognition, enhancing security and response time.