Iveda Solutions - IVDA STOCK NEWS

Iveda has announced a strategic partnership with Care Daily to enhance elderly care through cloud-based, wireless sensor technology. This collaboration aims to support the growing number of seniors aged 65 and older, who make up 16.9% of the U.S. population. The AARP reports that 77% of older adults prefer to age in their homes. Their joint product, IvedaCare, utilizes AI to provide real-time data and analytics, easing the burden on caregivers while promoting health and security for users. Both companies are focused on innovating solutions to improve the aging-in-place experience.

Iveda (NASDAQ:IVDA) has initiated a national investor awareness program in collaboration with Acorn Management Partners LLC. The initiative aims to enhance public knowledge about Iveda's financial achievements and to attract long-term investors via financial professionals. Monthly outreach to over 6,000 contacts will facilitate better connections between Iveda's management and the investment community. This launch aligns with several upcoming operational milestones and follows Iveda’s recent official debut of IvedaCare, an AI-driven assistant for security and elder care.

Iveda (NASDAQ:IVDA) has launched IvedaCare, an AI-driven at-home caregiving service that enhances elderly care through advanced technology. The system provides features like ambient fall detection, medication monitoring, and real-time alerts via a mobile app. With over 56 million seniors in the U.S., IvedaCare aims to support caregivers by reducing their workload. The technology promotes safety while allowing for customizable options suited to different environments, from homes to medical facilities. Pricing starts at approximately $250 for starter kits.

Iveda Solutions (NASDAQ:IVDA) has announced partnerships with Dotted Line Communications and Automations Solutions Agency to enhance their public relations and marketing efforts. This collaboration is expected to facilitate significant growth and innovation in Iveda's AI technology, IoT, and security solutions.

CEO David Ly emphasized the importance of these partnerships in promoting Iveda's consumer and enterprise AI products. Iveda's current offerings include advanced AI video search technology and IoT tracking devices, enhancing their role in the digital transformation landscape.

Iveda (NASDAQ: IVDA) has launched a joint venture, Iveda Philippines, expanding its footprint in the Smart City technology market. The company anticipates revenues of $1 to $3 million from each Smart City deployment, with ongoing software maintenance fees. IvedaAI technology will enhance existing surveillance systems, aiding in public safety and traffic management. Iveda aims to leverage local partnerships to secure contracts, responding positively to the demand for modernization following natural disasters in the Philippines. The Smart City market is projected to grow significantly, reaching $873.7 billion by 2026.

Iveda Solutions, Inc. (Nasdaq: IVDA) has announced a private placement agreement with institutional investors to raise approximately $5 million. The deal includes the sale of 3,289,474 shares of common stock and equivalent warrants, priced at $1.52 each. The warrants, with an exercise price of $1.40, are exercisable immediately and expire in five and a half years. The closing of this placement is anticipated by August 11, 2022, pending customary conditions. Maxim Group LLC is the sole placement agent for this offering.

Iveda (NASDAQ: IVDA) appointed Mo Bakheit as Vice President of Business Development, enhancing its leadership in smart city technologies. Bakheit's experience includes leading roles in security and risk consultancy, and extensive involvement with the U.S. Department of Homeland Security's Smart Cities initiatives. His expertise in AI and IoT will drive Iveda's growth in digital transformation initiatives. CEO David Ly highlighted Bakheit's unique blend of financial and technological knowledge as a key asset for the company’s future.

Iveda (NASDAQ: IVDA) has signed a strategic partnership with IP Dream, Inc., marking a significant step in its expansion. The agreement includes a purchase order worth $1.3 million for 50 units of Iveda's Utilus smart pole, designed for IoT applications. Utilus incorporates AI video surveillance and wireless communication, aiding agriculture and solar farms in Japan. The system will help prevent theft, particularly of copper, and is projected to address security issues for high-end crop producers, enhancing operational efficiency.

Iveda (NASDAQ: IVDA) has launched Utilus, an innovative platform integrating various smart city technologies, including AI video analytics and a smart power management system. This solution utilizes existing light poles to establish a communications network, enhancing video surveillance and remote device management. Utilus is equipped with a backup energy storage system and supports electric vehicle charging. Market research indicates the Smart City technology sector is projected to reach $1.1B, with a 24% growth rate through 2030. A pilot project deploying Utilus in Johannesburg, South Africa, is estimated to cost over $1.5 million.