For Immediate Release

Iveda Announces Sid Sung as New President  

 

MESA, Ariz. (January 7, 2020) – Iveda® (OTCMKTS:IVDA), worldwide provider of IvedaAI^™ intelligent video search technology, IoT (Internet of Things) platform with smart devices and the Sentir^® cloud-based video surveillance platform, today announced the appointment of Sid Sung as the Company’s new president.

 

“I welcome the New Year with Sid at my side as we embark on a new era for Iveda, facilitating the digital transformation of cities and organizations worldwide,” said David Ly, founder and CEO of Iveda. “I’ve been working with Sid for the past year aligning suppliers and cultivating IoT opportunities. His decision to officially join Iveda as part of our executive team couldn’t have come at a better time.”

 

Sung’s expertise spans high-growth verticals such as home automation, security products, energy management, Machine to Machine (M2M), industrial IoT (IIoT), smart cities and broadband access technologies that include ACS (Auto Configuration Systems). For more than 25 years, Sung has been leading successful, high-visibility technology projects for telecommunications companies and emerging service providers. He has been an advocate and a leader in the IoT revolution.

 

“I’ve admired the worldwide relationships and robust sales channels that Iveda has built over the years,” said Sid Sung. “My roots are in the development and delivery of intelligent interconnected technologies and my core expertise is in Smart City and digital transformation. Iveda has given me the opportunity to lead their outstanding team for successful deployments of these next-generation technologies.”

 

Sung was president at People Power China from 2017 until joining Iveda. He has also been on the board of directors of People Power China since 2015 and will continue to serve as a board advisor. Under Sung’s guidance, Iveda recently announced an IoT collaboration with People Power for senior care monitoring solutions.

 

Since 2014, Sung has also been board advisor of Twoway Communications, focusing on the development and deployment of IoT, M2M, smart city/community and connected home solutions. He will continue to serve in this capacity.  Late last year, Sung facilitated Iveda’s signing of a memo of understanding with Twoway Communications. The company will distribute IvedaAI to its sales channels and expand its presence in Iveda’s existing markets.

 

Sung cofounded Connected IO in 2013 and served as COO until 2017. The company specializes in M2M applications and has partnered with leading telecommunications companies including Verizon Wireless.

 

Previously, Sung was Vice President at Lite-On Technology from 2012 to 2013, where he managed IoT solutions for connected home and M2M for IIoT. Sung participated in global utility smart grid trial programs with next-generation energy products including multiple radio frequency gateways and sensors, guiding them to successful development and deployment.

 

From 2007 to 2010, Sung was general manager for SMC Networks. As general manager, he spearheaded many initiatives in North America’s telecommunications broadband expansion with ACS TR69 deployment. Starting with delivering his first cloud-based solution for Sprint Canada in 2003, Sung continued to succeed in delivering broadband-enabled applications (BBEA) for home security service providers, including 4Home (acquired by Motorola) and uControl (merged with iControl). During his tenure, Sung led revenue growth from $24M to $100M.

 

In 1994, Sung founded a telecommunications equipment design and manufacturing company Alpha Telecom to focus on ISDN CPE solutions. As chief executive officer, he forged partnerships and developed solutions for global telecommunications equipment manufacturing (TEM) companies including Alcatel-Lucent, Nortel and Siemens.

 

“I look forward to working with Iveda’s executive team to drive our digital transformation and Smart City initiatives across all of Iveda’s domestic and international markets,” said Sung.

 

Sung earned a bachelor’s degree in Atmospheric Science at National Taiwan University and a master’s degree in Electrical Engineering at the University of Alabama Huntsville.

 

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Iveda and Sentir are registered trademarks of Iveda Solutions, Inc. IvedaAI is a trademark of Iveda Solutions, Inc. All other trademarks are property of their respective owners.

 

About Iveda

Iveda® (OTCMKTS:IVDA) specializes in IoT platforms that offer service providers a turn-key cloud video surveillance system, smart sensors and intelligent video search technology. Iveda utilizes proprietary command center, big data storage and deep-learning algorithms. Iveda has a SAFETY Act Certification from the U.S. Department of Homeland Security as a Qualified Anti-Terrorism Technology Provider. Headquartered in Mesa, Arizona, with a subsidiary in Taiwan, Iveda is publicly traded under the ticker symbol “IVDA.” For more information call (480) 307-8700 or visit www.iveda.com. To follow Iveda visit www.facebook.com/ivedasolutions, www.twitter.com/ivedasolutions or www.linkedin.com/company/iveda-solutions.

 

 

This release includes forward-looking statements. Actual results may vary materially from those expected. All forward-looking statements made herein are qualified by such risk factors, and readers are advised to consider such factors carefully. Iveda undertakes no obligation to revise these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

 

Contact:

Iveda

Luz A. Berg

Chief Marketing Officer & GM

480 307-8700

lberg@iveda.com

 

Iveda and People Power Announce IoT Collaboration for Senior Care

MESA, Ariz. (December 23, 2019) – Iveda® (OTCMKTS:IVDA), worldwide provider of IvedaAI™ video analytics, IoT platform, smart devices and the Sentir® cloud-based video surveillance platform, today announced collaboration with People Power, a leading IoT (Internet of Things) software company specializing in senior care, security and energy management. Iveda will supply the company with devices for an important senior care research project. The hardware componentry will enable research led by People Power, funded by the National Institute on Aging (NIA), part of the National Institutes of Health (NIH), and in collaboration with the University of California, Berkeley, Psychophysiology Laboratory.

Iveda will enable People Power’s advanced senior care solutions with an IoT gateway, entry, motion and water leak sensors, and a wirelessly connected one-touch button for system control and emergency notifications. The senior care device portfolio also includes a bed sensor and a wearable device that together track and monitor rest and activity cycles. Iveda’s gateway, acting as a geographic area hub, features an IoT Cluster Controller that links all IoT devices to maintain a single point of failure allowing the gateway to control and communicate with many IoT devices. People Power’s initial order for hundreds of IoT gateways and thousands of smart sensors and devices to support the program will be shipped in January 2020.

“People Power is a new sales channel for Iveda. Every new and existing senior care customer potentially needs our gateway, smart sensors and devices. We are fortunate to partner with People Power who truly understands the needs of the growing senior care market,” said David Ly, CEO of Iveda. “Combining Iveda’s smart home devices with People Power’s IoT System delivers a powerful combination that could deliver exponential growth in the coming year.”

Iveda’s entry into the consumer and institutional senior care markets through People Power could be lucrative.

“Every day, 10,000 Americans turn 65 and 90% of them will prefer to age at home. Baby boomers are projected to have 70% of all U.S. disposable income over the next five years, and will inherit about $15 trillion in the next 20 years,” said Gene Wang, CEO and cofounder of People Power Co. “With Iveda’s industry-leading IoT devices and People Power’s advanced AI technology, we will deliver valuable senior care services that send alerts when emergency situations such as falls are detected, with the ability to monitor sleep quality and medication adherence, and to connect seniors with family and friends to reduce loneliness and improve quality of life.”

With the world’s aging population, new technology is a crucial element in senior care where growing demand may outstrip the availability of full-time caregivers. Illustrating industry adoption of People Power’s advanced solutions featuring Iveda’s devices, People Power recently announced a partnership with TheraCare, Inc., a leading caregiving agency focused on safe home environments and customized care for seniors and persons with disabilities.

“Senior care is a new technology application for Iveda. Current collaboration with People Power also includes utilizing our IvedaAI intelligent video search technology for real-time alerts and decision-making support for smart buildings and smart city projects,” said Ly.

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Iveda and Sentir are registered trademarks of Iveda Solutions, Inc. IvedaAI is a trademark of Iveda Solutions, Inc. All other trademarks are property of their respective owners.

About Iveda

Iveda® (OTCMKTS:IVDA) specializes in IoT platforms that offer service providers a turn-key cloud video surveillance system, smart sensors and intelligent video search technology. Iveda utilizes proprietary command center, big data storage and deep-learning algorithms. Iveda has a SAFETY Act Certification from the U.S. Department of Homeland Security as a Qualified Anti-Terrorism Technology Provider. Headquartered in Mesa, Arizona, with a subsidiary in Taiwan, Iveda is publicly traded under the ticker symbol “IVDA.” For more information call (480) 307-8700 or visit www.iveda.com. To follow Iveda visit www.facebook.com/ivedasolutions, www.twitter.com/ivedasolutions or www.linkedin.com/company/iveda-solutions.

About People Power

An IoT software company specializing in the development of consumer and institutional services for senior care, energy management and home security, People Power leads the industry with advanced AI-powered connected home solutions delivered through brands seeking recurring revenue business growth. For more information visit http://www.peoplepowerco.com

This release includes forward-looking statements. Actual results may vary materially from those expected. All forward-looking statements made herein are qualified by such risk factors, and readers are advised to consider such factors carefully. Iveda undertakes no obligation to revise these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact:

Iveda

Luz A. Berg

Chief Marketing Officer & GM

480 307-8700 lberg@iveda.com

People Power

Tim Nelson

Chief Marketing Officer

855 712-9833 tim@peoplepowerco.com

For Immediate Release

Iveda Introduces Vemo, 4G Mobile Camera Communications Device

MESA, Ariz. (October 10, 2019) – Iveda® (OTCMKTS:IVDA), worldwide provider of IvedaAI^™ video analytics, IoT platform for smart devices and the Sentir^® cloud-based video surveillance platform, today announced the introduction of Vemo™, the next-generation multi-purpose mobile camera communications device.

Using 4G, Vemo streams live video to headquarters and doubles as a walkie talkie with a push-to-talk feature. With its multi-mode audio, it can also be used for broadcasting and hands-free audio conferencing for group talk. Vemo has WiFi capability which is ideal for city-wide deployments. This saves the city cellular data cost where WiFi infrastructure exists.  

“Vemo came at a perfect time as we are actively engaged in multiple smart city projects that can definitely use it,” said David Ly, CEO of Iveda. “We plan to announce these projects in the very near future.”

Vemo can be used for AI vehicular telematics in smart city deployments with multi-modal transportation hubs for improved mobility throughout the city. It has built-in GPS that plots on a map the exact location of the person or vehicle with the Vemo device, indoor or outdoor.

Iveda is positioning Vemo as more than just a typical body-worn camera for police officers. It has many practical applications beyond law enforcement. For instance, it may be used for remote site surveys and medical, health and safety applications. It may also be used as in-vehicle surveillance for taxi and rideshare services. Vemo is compatible with all GoPro accessories, which is ideal for leisure and extreme sports. Sports enthusiasts can now stream their adventures in real time. Vemo is also waterproof.  

Unlike other bodycams, Vemo records video directly to the cloud. Should a Vemo unit gets damaged or lost before the user can return to headquarters, Iveda’s cloud platform ensures the video is preserved. Most bodycams on the market today require the user to return to headquarters to download video to a docking station before it can be uploaded to the cloud for viewing. A small number can stream live video, but they require a Wi-Fi connection to a router or smart phone.  

Vemo transmits live streaming video instantaneously to the cloud without additional software or hardware. Vemo’s cloud management platform can centrally manage an unlimited number of devices and video can be accessed on a PC, Android and iOS client.

Vemo uses H.264 compression, which is twice as efficient as other video formats. Image quality is also significantly better, playback is smoother and requires lower bandwidth. Instead of traditional black and white IR at night, Vemo has full color night vision capabilities.

Vemo can function as a body-worn camera or can be mounted to talk to headquarters hands free, without having to reach for a phone or another radio. If necessary, the user can also connect an external camera for simultaneous live streaming and recording.

Vemo improves security, safety and decision making, allowing supervisors to coordinate tactical or emergency response in real time. It can act as virtual partner to the individual wearing it.

Moreover, Vemo can stream directly into the IvedaAI platform for real-time video analytics to search for faces, objects or license plates in real time.

“There is no other body-worn camera on the market today that can match Vemo’s unique capabilities,” said Ly.

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Iveda and Sentir are registered trademarks of Iveda Solutions, Inc. Vemo and IvedaAI are trademarks of Iveda Solutions, Inc.  All other trademarks are property of their respective owners.

About Iveda

Iveda® (OTCMKTS:IVDA) specializes in IoT platforms that offer service providers a turn-key cloud video surveillance system, smart sensors and intelligent video search technology. Iveda utilizes proprietary command center, big data storage and deep-learning algorithms. Iveda has a SAFETY Act Certification from the U.S. Department of Homeland Security as a Qualified Anti-Terrorism Technology Provider. Headquartered in Mesa, Arizona, with a subsidiary in Taiwan, Iveda is publicly traded under the ticker symbol “IVDA.” For more information call (480) 307-8700 or visit www.iveda.com. To follow Iveda visit www.facebook.com/ivedasolutions, www.twitter.com/ivedasolutions or www.linkedin.com/company/iveda-solutions.


This release includes forward-looking statements. Actual results may vary materially from those expected.  All forward-looking statements made herein are qualified by such risk factors, and readers are advised to consider such factors carefully. Iveda undertakes no obligation to revise these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact:
Iveda
Luz A. Berg
Chief Marketing Officer & GM
480 307-8700
lberg@iveda.com

For Immediate Release

Iveda Launches New Website MESA, Ariz. (October 7, 2019) – Iveda® (OTCMKTS:IVDA), worldwide provider of IvedaAI^™ video analytics, IoT platform for smart devices and the Sentir^® cloud-based video surveillance platform, today announced the launch of its new website www.iveda.com. The company’s technologies evolved and the new website now features Iveda’s next-generation technologies.

“With our focus on technology development to fulfill the ever-increasing demand of our customers, our website was left trailing behind,” said David Ly, CEO of Iveda. “Today, I’m excited to share our new website, which now aligns with what we have been advocating in the field.”

In the last two years, Iveda has been busy launching innovative technologies to respond to the needs of communities around the world for their digital transformation. To this end, Iveda has been actively engaging with current and new customers on massive projects here in the U.S. and abroad.

“We will continue to add content to our website reflecting practical applications in every segment of society, and we anticipate launching exciting new technologies in the very near future,” added Ly

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Iveda and Sentir are registered trademarks of Iveda Solutions, Inc. IvedaAI is a trademark of Iveda Solutions, Inc.

About Iveda

Iveda® (OTCMKTS:IVDA) specializes in IoT platforms that offer service providers a turn-key cloud video surveillance system, smart sensors and intelligent video search technology. Iveda utilizes proprietary command center, big data storage and deep-learning algorithms. Iveda has a SAFETY Act Certification from the U.S. Department of Homeland Security as a Qualified Anti-Terrorism Technology Provider. Headquartered in Mesa, Arizona, with a subsidiary in Taiwan, Iveda is publicly traded under the ticker symbol “IVDA.” For more information call (480) 307-8700 or visit www.iveda.com. To follow Iveda visit www.facebook.com/ivedasolutions, www.twitter.com/ivedasolutions or www.linkedin.com/company/iveda-solutions

This release includes forward-looking statements. Actual results may vary materially from those expected. All forward-looking statements made herein are qualified by such risk factors, and readers are advised to consider such factors carefully. Iveda undertakes no obligation to revise these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Contact:

Iveda

Luz A. Berg

Chief Marketing Officer & GM

480 307-8700 lberg@iveda.com

MESA, Ariz. (October 24, 2017) – Iveda® (OTCQB: IVDA), worldwide enabler of cloud-based video surveillance and data management through the licensing of its Sentir® platform, today announced receipt of a follow-on order from Vietnam Posts and Telecommunications Group (VNPT) to supply Intelligent Traffic Solutions and video surveillance systems hardware and software that VNPT will install at another intersection in Phu Quoc City. In April, Iveda announced its selection by VNPT for the implementation of a nationwide Safe City initiative. The first two major cities of the Safe City initiative for the deployment of Intelligent Traffic Solutions and video surveillance systems have already contracted with VNPT. Iveda and its reseller in Vietnam have established a financing program with VNPT, to scale up the execution of the deployment in an expeditious and efficient manner, circumventing the long process of government funding. The program provides a vehicle for financial institutions to fund the purchase of Intelligent Traffic Solutions and video surveillance systems. Iveda will get paid upfront and the cities will pay a monthly lease for the life of each contract. “With increasing demand for Intelligent Traffic Solutions in many provinces and financing established, we can deploy in multiple provinces through the end of the year and throughout 2018,” said David Ly, CEO of Iveda. In the immediate future, Iveda has identified Intelligent Traffic Solutions deployment to a total of 713 districts. With an initial, single 4-way intersection pilot deployment alone for each district across the country generating an average of $70,000 per intersection, it would equate to $50MM in revenue in the next year. After the success of the initial pilots, VNPT has received dozens of requests of similar scale from the following provinces to deploy Intelligent Traffic Solutions in many intersections throughout the districts: Bac Giang with 14 districts, Can Tho with 9 Districts, Da Nang with 8 Districts, Hai Noi with 30 Districts, Hai Phoung with 15 Districts, Ho Chi Minh City with 24 Districts. “The Safe City projects implemented by VNPT are moving from the consultancy phase to the construction and implementation phase,” said Đặng Thanh Hưng, a representative from the Smart City Lab of VNPT. “Therefore, we will have many opportunities to deploy solutions for the provinces.” VNPT identified the following provinces: Phu Quoc Island, Kien Giang, Dong Nai, Tay Ninh, Can Tho, Ca Mau and Ho Chi Minh. This initiative gives VNPT the opportunity to supply telecommunications infrastructure including cable and fiber network for provisioning bandwidth and cloud services for data distribution and storage.  Iveda and its exclusive reseller in Vietnam are responsible for the delivery of hardware, as well as custom system design of the Intelligent Traffic Solutions and video surveillance systems. Vietnam is one of the fastest growing economic markets in the world and the government is motivated to improve traffic congestion and safety in the country to attract more tourists and international business. “Vietnam opportunities have reached critical mass for Iveda and we expect to have a prosperous 2018. We are excited to partner with our exclusive reseller in Vietnam and VNPT to improve safety and security to meet the needs of its growing economy,” said Ly.

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Iveda and Sentir are registered trademarks of Iveda Solutions, Inc. All other trademarks are property of their respective owners. About Iveda Iveda® (OTCQB:IVDA) licenses its Sentir® cloud video surveillance and data management platform. This enables service providers a plug-and-play cloud video surveillance offering for a monthly recurring revenue. Sentir utilizes a proprietary video streaming and Big Data storage technology. Iveda has a SAFETY Act Certification from the Department of Homeland Security as a Qualified Anti-Terrorism Technology Provider. Headquartered in Mesa, Arizona with a subsidiary in Taiwan, Iveda is publicly traded under the ticker symbol “IVDA.” For more information call (480) 307-8700 or visit www.iveda.com. To follow Iveda visit www.facebook.com/ivedasolutions, www.twitter.com/ivedasolutions or www.linkedin.com/company/iveda-solutions. This release includes forward-looking statements. Actual results may vary materially from those expected. Iveda’s business is subject to significant risks and uncertainties described more thoroughly in the Company’s SEC filings, including but not limited to its report on Form 10-K for the year ended December 31, 2015 and its subsequently filed quarterly reports on Form 10-Q. All forward-looking statements made herein are qualified by such risk factors, and readers are advised to consider such factors carefully. Iveda undertakes no obligation to revise these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Contact: Iveda Luz A. Berg 480 307-8700 irlist@iveda.com