Iveda Philippines Targets $3M from Municipalities for Smart City Technology
Retrieved on:
Tuesday, March 21, 2023
Iveda Philippines JV gives the company a presence in the quickly emerging smart city technology market and remains critical in the facilitation of relationships necessary to execute mutually beneficial, long-term contracts.
Key Points:
- Iveda Philippines JV gives the company a presence in the quickly emerging smart city technology market and remains critical in the facilitation of relationships necessary to execute mutually beneficial, long-term contracts.
- During the next three years, these smart city technology deployments are anticipated to grow to upwards of $12 to $20 million––depending on the size and number of local government units––as Iveda continues enabling metropolitan areas across the globe to achieve true smart city status.
- In early March 2023, Iveda met with city leaders interested in smart city technology from Quezon City, Cebu City, Bacolod City, Pasay City, Olongapo City, and Subic Bay Metropolitan Authority as well as the Philippines Department of Finance and some of the country’s largest construction and property conglomerates.
- Iveda is a registered trademark of Iveda Solutions, Inc. Iveda Taiwan and Iveda Philippines and IvedaAI are trademarks of Iveda Solutions, Inc. All other trademarks are property of their respective owners.