Taal Volcano

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.

Iveda’s Joint Venture in the Philippines Targets Municipalities for Smart City Technology

Retrieved on: 
Friday, October 7, 2022

Iveda estimates revenues will range from $1 million to $3 million per Smart City deployment, with recurring revenue for annual fees for software maintenance and upgrades.

Key Points: 
  • Iveda estimates revenues will range from $1 million to $3 million per Smart City deployment, with recurring revenue for annual fees for software maintenance and upgrades.
  • Iveda CEO David Ly and local Iveda Philippines executives have presented to city leaders interested in Iveda Smart City technology, from North to South including the cities of Manila, Paranaque, Mandaluyong, Cebu, Mandaue and Davao.
  • The Philippine Long Distance Telecommunications Company (PLDT) was Ivedas first customer in the Philippines with IvedaXpress plug-and-play video surveillance system.
  • According to MarketsAndMarkets, the current Smart City global market will reach $873.7 billion in 2026, up from $457 billion in 2021.

Western Union & Western Union Foundation Give $125,000, Fee-Free Transfers in Wake of Philippines Disasters

Retrieved on: 
Friday, January 17, 2020

Today, Western Union (NYSE: WU) and the Western Union Foundation announced a package of relief efforts for the Philippines following the Taal Volcano and Typhoon Phanfone (Ursula).

Key Points: 
  • Today, Western Union (NYSE: WU) and the Western Union Foundation announced a package of relief efforts for the Philippines following the Taal Volcano and Typhoon Phanfone (Ursula).
  • The aid will be directed to International Medical Corps to support relief efforts and disaster preparedness training in the Philippines.
  • Additionally, Western Union is waiving fees on consumer money transfers from 14 countries to the Philippines at westernunion.com and through the Western Union mobile app between Jan. 17 24, 2020 using the promo code: WURELIEF.
  • The Western Union Foundation is committed to assisting the Philippines before and after disasters strike, said Elizabeth Roscoe, Western Union Foundation Executive Director and Western Union Head of Corporate Brand & Purpose.