Is Anything Boosting Iveda Solutions (IVDA) Stock This Session?

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Shares of Iveda Solutions Inc. (NASD: IVDA) increased 6.98% to $0.84 on Monday despite the lack of any pertinent news.

Then, what may be driving up the IVDA stock?

With the recent launch of Iveda Philippines JV (joint venture), Iveda Solutions (IVDA) now has a foothold in a brand-new and swiftly developing market for smart city technologies.


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According to Iveda Solutions, income per Smart City implementation will vary from $1 million to $3 million, including recurring revenue from yearly fees for software maintenance and updates. Similar to how it is in the majority of foreign nations, IVDA Philippines’ local presence is essential for building and sustaining the connections required to carry out long-term contracts that are mutually beneficial.

City officials interested in Iveda Smart City technology from the North to the South, including the cities of Manila, Paranaque, Mandaluyong, Cebu, Mandaue, and Davao, have heard presentations by IVDA CEO David Ly and local executives from the Philippines. Gen. Vicente Danao and his personnel of the Philippine National Police, the nation’s primary law enforcement organization, were also given IvedaAI advantages by the Iveda Philippines team.

The most common modes of transportation in the Philippines, Jeepneys, and tricycles, have been taught by IvedaAI to recognize and detect them. Additionally, during the typhoon season, flooding has affected the whole nation. IvedaAI has the ability to identify potential flooding risks before they do major harm to people and property. Most significantly, IvedaAI enhances “existing” video surveillance cameras around the nation with intelligence to assist increase public safety, traffic intelligence, and general infrastructure efficacy without a redesign.

City authorities also requested assistance from IvedaAI for key infrastructure upgrades, such as new command centers and enhancements to existing ones, in a manner akin to IVDA’s Taiwan Smart City initiatives.

Since the effects of the Taal Volcano eruption and the 2021 Odette typhoon, the Philippine government has expanded its dependence on contemporary and next-generation technologies. Since then, according to the International Trade Association, communities across the nation have digitized services and established standards for data storage, preservation, and usage.

How would this aid IVDA’s expansion?

Similar to how it is now seeing Iveda Taiwan’s development, IVDA sees the Philippines’ promise. It will be advantageous for the Filipino people and Iveda Solutions (IVDA) as a whole to establish a presence in a nation that seeks to upgrade all facets of its infrastructure.

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