Iveda Expands Taiwan Smart City Project With $1M Deal

Iveda has signed a series of technology deals with organizations across Taiwan to bring smart city capabilities across the country. 

The deals, worth $1 million, have been struck with the Taiwan Stock Exchange, Tainan Solar Park, Taipei City Government Public Works Bureau, and additional Taiwanese government entities. Under the deals, Iveda technology will be implemented over the next several months to upgrade and improve network communication systems, video surveillance capacity and national security.

“As an organization on the forefront of digital transformation, we’re seeing cities and countries across the globe – especially those with dense populations – investing in smarter infrastructure to maintain and manage operational efficiencies through accurate, real-time data,” said David Ly, Iveda’s CEO. “Through these additional contracts, we are effectively equipping local organizations and municipalities with the technology needed to prepare their communication networks and safety systems, all while enabling personnel to automate wherever possible, limiting waste in both energy and human power for true smart city innovation.”

Iveda will provide its legacy cloud video system, IvedaXpress, alongside video management command center technologies to help create a reliable and secure network.

For the Taiwan Stock Exchange, Iveda technology will work to enhance overall system security and interoperability through upgraded IP video servers, network servers, and general workstations. At the Tainan Solar Park, Iveda has installed smart power electrical controls and monitoring equipment that will aid in automating demand response routing of power. Iveda has installed additional IP switches and video servers as well as IP cameras and Iveda’s cloud surveillance solution at the Taipei City Government Public Works Bureau. 

The company has also installed more network communication servers for power management at additional Taiwan government municipalities.  

This announcement follows news of Iveda’s $1.5 million smart infrastructure project in Kaohsiung, Taiwan, where it deployed a series of Smart Poles providing an expanded network for the area.