Iveda awarded $3.2M deal for confidential application by Taiwanese government

Iveda announced a signed contract with an undisclosed government agency worth approximately $3.2 M for a confidential application. This contract is in addition to the $2.7M and $1.7M announced in August 2022 and August 2023, respectively, to this same undisclosed government agency for different applications. Providing cutting-edge, AI-powered technology, the contract deployment has begun and is expected to be completed by 2026, delivering and deploying network equipment solutions to meet the growing demand for enhanced infrastructure. The execution will be overseen and managed by Iveda Taiwan. “As safety and security remain a top priority for government organizations around the world, the need for AI-powered technology becomes paramount,” said David Ly, Iveda CEO and founder. “Through this contract, Iveda is dedicated to the continued improvement of security operations worldwide. Leveraging the power of AI, this contract positions Iveda Taiwan as a trusted partner in meeting the growing demand for cutting-edge AI solutions, keeping citizens, communities, and government personnel safe.”