The Taiwanese government has signed a $1.7 million deal with AI specialist Iveda
Smart infrastructure and artificial intelligence (AI) specialist Iveda has signed a $1.7m contract with a Taiwanese government agency for networking equipment and inter-process communication computers to 45 new locations. It is assisting the agency in designing and installing a video command, communication, and control system. All additional locations are anticipated to be completed by year-end and will be overseen and managed by Iveda Taiwan.
This project deployment has the potential for an additional 194 locations to be put under contract in the future. Iveda is unable to disclose the government agency identity due to the sensitivity of the project confidentiality.
“As the need for robust, AI-powered video surveillance continues to expand worldwide, Iveda’s technology is keeping citizens, communities, and government personnel safe,” said David Ly, Iveda CEO and founder. “The company is poised to continue its momentum for the second half of 2023, all while effectively improving security operations and quality of life for the people of Taiwan. We are eager to continue strengthening our partnerships in the region through this contract and beyond.”
The contract follows closely behind several Taiwan-based smart city deals announced earlier this year, including with the Taiwan Stock Exchange, Tainan Solar Park, Taipei City Government Public Works Bureau, and additional Taiwanese government entities. The company will continue to work with local organisations and government municipalities in the country to expand the company’s AI, internet of things and smart city offerings across the nation.
Ing-Hang Shiau, president of Iveda Taiwan, added, “The Taiwan government agency client understands the need for state-of-the-art, comprehensive AI security solutions and this strategic contract expansion is the proof of that mindset.”