Mesa, Ariz. (August 22, 2013) – Iveda Solutions® (OTCBB:IVDA), the pioneer in cloud video hosting technology, today announced the launch of VEMOTM, the Company’s new cloud-based, in-vehicle video surveillance system with Global Positioning System (GPS) satellite navigation technology.
“There are many in-vehicle surveillance systems in the market today,” commented David Ly, president and chief executive officer of Iveda Solutions, Inc. “The VEMO system is unique because it is fully integrated with cellular capability to stream live video to the cloud and enabled for use with IvedaOnBoard™, the Company’s mobile streaming video hosting service. Live and recorded video from law enforcement and other vehicles is hosted in the cloud and centrally managed. Videos may be viewed on a single ‘dashboard’ that includes a GPS map-based user interface for tracking the current location of vehicles using VEMO.”
“The need to visually verify a situation in real time was the motivating force behind the design of this mobile surveillance system streaming in the cloud,” continued Ly. “The inclusion of GPS tracking completes the picture, making it a powerful management tool.”
The VEMO in-vehicle video surveillance system provides a security solution that is ideally suited for a variety of high-risk and commercial situations. Within law enforcement vehicles, it helps protect life, support officers and reduce response times. Real-time mobile video surveillance in school buses can be used to curtail bullying, protect students, stop graffiti activities and prevent liability. Emergency response vehicles can use it to improve safety, save lives and obtain critical information as events unfold. Commercial transportation companies can monitor assets and enhance operating efficiencies, improve driver safety, and reduce cargo theft and damage.
Iveda Solutions has already partnered with a company specializing in conversion kits for 18-wheel refrigerated trailers, and VEMO with IvedaOnBoard is currently being used by a large food delivery retailer in a pilot program. VEMO’s GPS tracks vehicles and its video monitors onboard activities and components of the conversion kit. Upon the completion of a successful pilot, the Company expects to receive an initial order to outfit approximately 150 of the retailer’s fleet of 300 trucks.
The combination of VEMO video equipment and the IvedaOnBoard mobile streaming video hosting service provides real-time situational assessment of field activities. The secure storage of video footage at Iveda Solutions’ data centers allows 24/7 web access to live and recorded video from the cloud on any Internet-enabled device. Cloud storage provides redundancy to video stored in the local recording device. Thus, recorded video is safe in the cloud if the recording device is stolen or destroyed. VEMO is also compatible with the Company’s real-time remote video surveillance service.
This untethered video surveillance solution currently utilizes cellular service from select providers.
About Iveda Solutions
Iveda Solutions, Inc. (OTCBB:IVDA) is a premier cloud video hosting service provider, a technology innovator, and a provider of enterprise-class Video Surveillance as a Service (“VSaaS”) solutions. The Company has received a SAFETY Act Designation by the Department of Homeland Security as a Qualified Anti-Terrorism Technology Provider.
Iveda Solutions is headquartered in Mesa, Arizona and has a subsidiary in Taiwan (MEGAsys). Its common stock trades on the OTC Bulletin Board and OTCQB under the symbol “IVDA”. For additional information, please call (480) 307-8700 or visit www.ivedasolutions.com.
This release includes forward-looking statements. Actual results may vary materially from those expected. Iveda Solutions’ 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, 2012 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 read consider such factors carefully. Iveda Solutions 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.
Carrie R. Foote
Public Relations Manager
RJ Falkner & Company, Inc.
Investor Relations Counsel