Iveda Sells Cloud Home Security and Automation System in Vietnam
MESA, Ariz. (February 10, 2016) – Iveda® (OTCQB: IVDA), worldwide enabler of cloud-based video surveillance and data management through licensing its Sentir® platform, today announced the sale of 500 IvedaHome (Cloud Home Security and Automation) systems to its exclusive reseller in Vietnam. This specific product is slated for just two luxury multi-tenant residential complexes within the reseller’s vast customer portfolio of real estate developers. The builders plan to make IvedaHome a buyer option for all current and new apartment homes. “Our excitement stems from each residential property developer having an average of 20,000 homes throughout their portfolio,” said David Ly, CEO of Iveda. “Whether IvedaHome is marketed to developers to ‘plug’ into new homes or a telecom bundles it with new Internet service, the immediate market potential for simple and affordable wireless home security system is abundant.” According to Global Property Guide, Vietnam’s property market is heating up because of strong economic growth and a growing middle-class. The immediate growth can also be attributed to housing laws instituted in July 2015 that allow foreigners and overseas Vietnamese to legally own, sell and transfer real properties. IvedaHome is a simple to install, easy to use, wireless home automation system accessed by a free app on smartphones and tablets. The system is customizable and can include IP cameras, smart plugs to remotely control appliances and lights, sensors for motion, smoke, and water detection, sirens and panic remote controls. The system is plug and play, consisting of wireless sensors and devices eliminating the need of cables and cumbersome installation. “IvedaHome is unique among other SmartHome systems because it has proprietary Sentir-enabled features allowing it to be managed by the large telecoms of the region wishing to sell this offering at a low monthly service fee versus the burden of upfront equipment purchase and installation hassles,” said Bob Brilon, president and CFO of Iveda. IvedaHome is enabled for Sentir cloud video and data management platform.