MESA, Ariz., May 16, 2022 – Iveda (NASDAQ: IVDA), a worldwide provider of smart city digital transformation technologies, Artificial Intelligence (AI)-based video search technology and Internet of Things (IoT) devices and management platforms, announced that it has hired Mo Bakheit as the company’s Vice President of Business Development.
Most recently, Bakheit was a principal partner and infrastructure lead for MMGI, a security and risk consultancy focused on business intelligence and capture management. The company engaged clients focused on the $1 trillion U.S. Infrastructure Upgrade Fund.
When ethereal concepts like Smart Cities, AI and machine learning were merely ideas, Bakheit was already well-established in the fledging industry that we know today. He served as Commercial Lead for the first Department of Homeland Security (DHS) Accredited Safe Smart Cities Reference Architecture and Consortium, an initiative developed to provide defense, security and sustainability of global Smart Cities. The company he co-founded, Alacera International developed SENTRIX, the security master plan reference architecture created as an overlay for DHS’s National Infrastructure Protection Plan (NIPP) and was a precursor to today’s U.S. DHS SAFETY Act and Qualified Anti-Terrorism Technologies (QATT) certifications.
In his role as Alacera commercial lead and V.P. of Strategic Alliances, Bakheit oversaw the creation of the Alacera International Consortium – Saudi (AICS), a group of defense and intelligence firms, which included Ridge Global, Lockheed Martin Transportation and Security Solutions, PWC, Schneider Electric and Cisco Systems. In 2008, this led to the security master plan contract award for King Abdullah Economic City, a $55 billion, 67 square-mile Smart City project in Saudi Arabia. The city plan served as the template for five additional Economic Smart Cities built in Saudi Arabia.
“Having been privileged to be mentored by the pioneers of the very first Smart City initiatives, I was fortunate to have teamed up with the leading global providers in this industry since 2006,” Bakheit said. “However, when I started engaging with Iveda’s management team in 2016, I realized how critical the role of AI and IoT are in the digital transformation of cities around the world.”
While at Comstor/GE ITD as Director of Engineering in the late 1990s, he established one of the very first customer and partner labs showcasing Internet Protocol (IP) Telephony. IP Telephony soon became the communication norm, replacing the legacy PBXs and circuit switched networks relied upon for decades.
Iveda CEO David Ly said “It’s rare to find somebody who knows Smart City development from both the financial and technological side. Mo’s international business prowess and acute knowledge and experience with Smart Cities from every level adds another catalyst to Iveda’s growth. His stellar reputation in the EMEA (Europe, Middle East, Africa) market makes this a perfect fit for Iveda’s future goals.”
Bakheit earned a BA in Communications and Media Studies from The American University in Washington DC and later attended a postgraduate program in International Communications.
Iveda® (NASDAQ: IVDA) is the worldwide provider of IvedaAI™ intelligent video search technology, Sentir™ and IvedaXpress™ video monitoring products, IvedaPinpoint™ and IvedaHome™ IoT (Internet of Things) platforms. Iveda offers digital transformation technologies for smart city applications. Iveda is headquartered in Mesa, Arizona. Iveda Taiwan (fka MEGAsys) is its wholly-owned subsidiary.
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 Registration Statement on Form S-1 and Form 10-12g with audited financials for the year ended December 31, 2021 and December 31, 2020 and its subsequently filed quarterly reports on Form 10-Q. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors that are, in some cases, beyond Iveda’s control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. 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.