- 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.
Vuzix Continues To Receive Follow-On And New Design Orders From Multiple Tier-1 Aerospace And Defense Firms
Vuzix® Corporation (NASDAQ:VUZI), ("Vuzix" or, the "Company"), a leading supplier of smart glasses and Augmented Reality (AR) technology and products, announced it has recently received and partially delivered
