Iveda Solutions, Inc. - IVDA STOCK NEWS

Iveda (OTC: IVDA) announced the engagement of BF Borgers CPA PC for audits under PCAOB Standards to prepare for its uplisting with the SEC. This move follows Iveda's achievement of Current Pink Sheet status and aims to boost its visibility among investors. BF Borgers CPA PC has a strong reputation with extensive experience serving publicly traded companies. Iveda's financials already comply with U.S. GAAP, and the audit aims to finalize its reporting status. The company emphasizes its commitment to transparency and accountability to shareholders in its growth strategy.

Iveda (OTC: IVDA) has announced the launch of its second-generation IvedaMobile app, which allows smartphones or tablets to function as video surveillance cameras, integrated with IvedaAI. This app enables real-time searches for faces and license plates without complicated setups, enhancing security measures in various environments such as schools and public events. IvedaAI’s facial recognition capabilities are now accessible on mobile devices. The growth of smartphone usage and video streaming markets supports Iveda's strategic positioning.

Iveda (OTC: IVDA) announces the appointment of Greg Omi as Chief Technology Officer to drive its technology roadmap. Greg's extensive experience includes being a senior engineer at Tesla, where he greatly improved load times in Zynga's FarmVille. His background encompasses developing software for iconic games at Naughty Dog and expertise in data compression and video processing. Omi, who is also an early investor in Iveda, expressed excitement about his new role in shaping the company's innovative technology.

Iveda Solutions, Inc. (OTC: IVDA) announced a contract worth approximately US $1.5 million with Taiwan Taoyuan International Airport. The project will enhance the airport's facility management and power monitoring systems, scheduled to begin this month. Iveda will collaborate with Siemens to create a SCADA system for improved anomaly alerting and to integrate various energy sources. The project includes the establishment of a comprehensive facility management system utilizing GIS. This contract highlights Iveda's continued partnership with the airport and its commitment to developing smart city solutions.

Iveda (OTCMKTS: IVDA) announced the resumption of the NTD 47 million (~US $1.7 million) Farglory Dome project in Taipei, expected to complete by March 2022. Partner Chunghwa Telecom requested Iveda's return to finalize the project, which includes deploying a cloud video surveillance system. The Farglory Dome, a multi-purpose complex with a 40,000-seat indoor stadium, aims to centralize video management using Iveda's Sentir technology. This collaboration reinforces Iveda's credibility in the growing video surveillance market, projected to reach $33.6 billion by 2026.

Iveda (OTCMKTS:IVDA) has been selected by Taiwan Power Co. for a 30-year renewable energy initiative, marking a significant step in their expansion into the solar energy market. The initial order will generate new revenue for Iveda. This project aligns with Taiwan's efforts to enhance solar deployment amidst energy shortages caused by closing nuclear facilities. Iveda will provide innovative technology and solutions for power management, impacting both local and global smart city implementations. The green energy sector in Taiwan expects investments of NT$1 trillion and the creation of 20,000 jobs.

Iveda (OTCMKTS:IVDA) has launched its Smart Utility Cabinet, a next-generation demarcation point tailored for worldwide utilities. This innovative product integrates advanced environmental control and smart edge computing with multi-RF communication protocols. It aims to enhance utility management through IoT capabilities, addressing safety, efficiency, and user experience. The global smart cities market is projected to grow significantly, with Iveda positioning itself to benefit from these advancements in smart utility solutions.