Megasis

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.

Iveda Awarded $3 Million in Taiwan Projects

Retrieved on: 
Monday, August 8, 2022

Iveda Taiwan will manage and see the projects to completion.

Key Points: 
  • Iveda Taiwan will manage and see the projects to completion.
  • The largest of the projects is for $2.7 million with a government agency to provide video security surveillance system at 61 locations countrywide.
  • We are seeing great business momentum now after more than two years of COVID-related setback, said Ing-Hang Shiau, president of Iveda Taiwan.
  • Iveda is a registered trademark of Iveda Solutions, Inc. Iveda Taiwan is a trademark of Iveda Solutions, Inc. All other trademarks are property of their respective owners.

REPAY Provides Seamless Payments for Megasys’ Consumer Lending Platform

Retrieved on: 
Tuesday, May 24, 2022

Repay Holdings Corporation (NASDAQ: RPAY) ("REPAY"), a leading provider of vertically-integrated payment solutions, today announced an integration with Megasys , a loan management software system specializing in the consumer finance industry.

Key Points: 
  • Repay Holdings Corporation (NASDAQ: RPAY) ("REPAY"), a leading provider of vertically-integrated payment solutions, today announced an integration with Megasys , a loan management software system specializing in the consumer finance industry.
  • Through the integration, Megasys customer base of consumer and auto lenders will be able to accept electronic payments through REPAYs omni-channel payment platform.
  • Megasys experience in the consumer finance industry makes them a natural partner for REPAY, as the team deeply understands the importance of a convenient and secure payment ecosystem, said Susan Perlmutter, CRO at REPAY.
  • REPAYs proprietary, integrated payment technology platform reduces the complexity of electronic payments for clients, while enhancing the overall experience for consumers and businesses.

Iveda Appoints Smart City and AI Visionary Mo Bakheit as VP of Business Development

Retrieved on: 
Monday, May 16, 2022

Most recently, Bakheit was a principal partner and infrastructure lead for MMGI, a security and risk consultancy focused on business intelligence and capture management.

Key Points: 
  • Most recently, Bakheit was a principal partner and infrastructure lead for MMGI, a security and risk consultancy focused on business intelligence and capture management.
  • When ethereal concepts like Smart Cities, AI and machine learning were merely ideas, Bakheit was already well-established in the fledging industry that we know today.
  • In 2008, this led to the security master plan contract award for King Abdullah Economic City, a $55 billion, 67 square-mile Smart City project in Saudi Arabia.
  • Iveda CEO David Ly said Its rare to find somebody who knows Smart City development from both the financial and technological side.

Iveda Unveils Utilus Smart Pole Technology, Sets the Standard for a True Smart City

Retrieved on: 
Monday, April 11, 2022

Utilus brings together all of Ivedas smart city technologies including video surveillance, AI-based video analytics, IvedaSPS (smart power system) and IvedaPinpoints location-based trackers and smart sensors, into a centralized management platform.

Key Points: 
  • Utilus brings together all of Ivedas smart city technologies including video surveillance, AI-based video analytics, IvedaSPS (smart power system) and IvedaPinpoints location-based trackers and smart sensors, into a centralized management platform.
  • In addition, Utilus includes an energy storage battery system for continuous operation and backup should there be a municipal power outage.
  • With Iveda Pole Gateway and IvedaSPS, the system acts as a microgrid to provide power to mission critical infrastructure when needed.
  • Our smart city technologies are the culmination of almost two decades of product development and experience in providing cloud-based solutions, said David Ly, CEO of Iveda.

Iveda Products Spec’d into $20 Billion Taoyuan Aerotropolis Project, Taiwan’s Largest-Ever Urban Development Plan

Retrieved on: 
Wednesday, April 6, 2022

This project is the largest national infrastructure plan consisting of ten major construction projects spanning 4,564 hectares (11,278 acres) beginning this year with completion expected in 2028. Central to the project is the expansion of the Taoyuan International Airport in Taiwan. Trade zones and industrial zones will be key additions. The project will prioritize six industries -- biotechnology, cloud computing industry, aviation, international logistics, smart automobile and green energy. Taiwan developers aspire to be a major economic and trading hub in Asia, energizing the flow of people, capital and information.

Key Points: 
  • The project will prioritize six industries -- biotechnology, cloud computing industry, aviation, international logistics, smart automobile and green energy.
  • The Taoyuan International Airport has been a customer of Iveda Taiwan for many years, said David Ly, CEO of Iveda.
  • Iveda is a registered trademark of Iveda Solutions, Inc. IvedaAI and IvedaXpress are trademarks of Iveda Solutions, Inc. All other trademarks are property of their respective owners.
  • All forward-looking statements made herein are qualified by such risk factors, and readers are advised to consider such factors carefully.

Gates Sets New Performance Standards With Latest Hydraulic Hose Solution - MegaSys MXG 5K

Retrieved on: 
Thursday, October 14, 2021

DENVER, Oct. 14, 2021 /PRNewswire/ -- Gates (NYSE: GTES), a leading global provider of application-specific fluid power and power transmission solutions, today introduced its latest breakthrough hydraulic hose, MegaSys™ MXG™ 5K, which is lighter, more flexible and more durable than a typical 5000 psi (350 bar) hydraulic hose.

Key Points: 
  • A product of Gates' pioneering materials science and process engineering innovations, MXG 5K offers wire spiral performance in a flexible, lightweight, innovative, high-pressure hydraulic hose using Gates patented Xpiral woven spiral technology a breakthrough construction that exceeds all industry standards and most published competitive hose performance in terms of both pressure and impulse life.
  • MXG 5K sets a new standard for hydraulic hose," said Mike Haen, vice president, industrial global product line management.
  • Available globally, experience unparalleled performance with MXG 5K, wherever Gates hydraulic products are sold.
  • Combine Gates MegaSys MXT, MXT-XTP, MXG 4K, MXG 5K and Multi Master GMV MegaFlex as a full portfolio to improve weight, flexibility and performance across applications.