- Iveda Solutions, Inc (NASDAQ:IVDA) struck a 20-year, exclusive distribution agreement, creating a physical security partnership with Logistica Corporativa Agua Azul, part of the Grupo Desson portfolio, effectively bringing innovative AI video search and IoT technology to the Latin American market.
- The contract aims to bring in 100 new customer locations annually, to be implemented with recurring revenue streams.
- Iveda expects to generate a minimum of $44 million throughout the first 20 years of the collaboration.
- The AI-powered technology allows faster and more efficient searches of video footage, empowering Grupo Desson to successfully resolve customer pain points while detecting potential threats in real-time.
- This news comes on the heels of the deployment of $1 million in Iveda smart city technology across Taiwan as Iveda continues to expand its global footprint in AI, IoT, and smart city innovation.
- Price Action: IVDA shares traded higher by 7.31% at $2.2750 on the last check Monday.
Greenland Technologies Q3 EPS $0.10 Beats $(0.20) Estimate, Sales $21.80M
Cyngn (NASDAQ: CYN) reported quarterly earnings of $0.10 per share which beat the analyst consensus estimate of $(0.20) by 150 percent.
