Iveda Solutions, Inc. (NASDAQ: IVDA)

Iveda Solutions, Inc. offers smart city technologies globally, focusing on advanced AI-driven video surveillance solutions and a robust suite of Internet of Things IoT platforms that power digital transformation for cities and commercial clients worldwide. The company operates in the smart cities market, which is poised for significant growth, with the global smart city platforms market size projected to grow at a CAGR of 9% from 2026 to 2032. Additionally, the AI and IoT segments are expected to experience substantial expansion, highlighting the promising future of innovative technologies that enhance the safety and efficiency of urban environments.

Iveda Solutions generates revenue through a variety of products and services, including AI intelligent video search, smart utility solutions, smart sensors, gateways, trackers, and IoT platforms. The company's primary products include IvedaAI, which consists of deep-learning video analytics software, and a range of IoT sensors and devices for various applications such as energy management, smart home, smart building, smart community, and patient/elder care. The general customer base includes cities, commercial clients, and organizations looking to implement smart city technologies and digital transformation solutions.

• IvedaAI: This segment offers deep-learning video analytics software that can be deployed at an edge level or in a data center for centralized cloud models. IvedaAI works with any ONVIF-compliant IP cameras and most popular NVR/VMS platforms, enabling accurate search across dozens to thousands of cameras in less than 1 second. The software is designed to maximize efficiency, save time, and cut costs by allowing users to set up alerts instead of watching hours of video recording. Key features include live camera view, live tracking, abnormality detection, vehicle/person loitering detection, fall detection, illegal parking detection, and heatmap generation. The AI functions encompass object search, face search, face recognition, license plate recognition, intrusion detection, weapon detection, fire detection, people counting, vehicle counting, temperature detection, public health analytics, and QR and barcode detection.

• IoT Sensors and Devices: Iveda Solutions offers a variety of IoT sensors and devices for applications such as energy management, smart home, smart building, smart community, and patient/elder care. The gateway and station serve as the main hub for sensors and devices in any given area, equipped with high-level communication protocols such as Zigbee, WiFi, Bluetooth, and USB. They connect to the Internet via Ethernet or cellular data network. The company provides IoT platforms that enable centralized device management and push digital services on a massive scale. Smart devices include water sensors, environment sensors, entry sensors, smart plugs, sirens, body temperature pads, care wristwatches, and tracking devices.

• Smart Power Technology: This segment includes smart power, water meters, smart lighting control systems, and smart payment systems. The smart power hardware is equipped with an RS485 communication interface, allowing the meters to be connected to various third-party SCADA software for monitoring and control purposes. This line of products is suitable for office buildings, schools, shopping centers, hotels, hospitals, and smart city projects.

• Iveda's Cerebro: This software technology platform integrates a multitude of disparate systems for central access and management of applications, subsystems, and devices throughout an entire environment. It is system agnostic and supports cross-platform interoperability. Cerebro's roadmap includes a dashboard for all of Iveda's platforms for central management of all devices, providing remote access to a Dashboard for a single user interface, convenient anywhere, anytime access, and analysis of relevant information in a timely manner for managing an entire organization or city.

• IvedaSPS: This is the company's smart power solution, utilizing the Cerebro IoT platform. It completes the digital transformation solution crucial in smart city deployments as well as in large organizations. The product includes smart power, water meters, smart lighting control systems, and smart payment systems.

• Utilus: This is the company's smart pole solution, utilizing the Cerebro IoT platform. It completes the digital transformation solution crucial in smart city deployments as well as in large organizations. Utilus consists of power and Internet, establishing a communication network for access and management of sensors and devices that the city requires to keep its citizens safe and secure and to effectively manage utility consumption.

• vumastAR: This is an AI vision software that uses video taken on IP cameras, AR glasses, Androids, and tablets to analyze and process data in real-time. vumastAR is fully customizable to the user's needs, with one short video the AI can be trained in as little as two hours. It is deployable in multiple industries for uses such as quality and maintenance exams, factory and line work, pharma, supply chain, manufacturing, transportation, and retail.

• IvedaXpress: This system enables users to use pre-existing IP cameras and apply AI analytics without the need for large servers or a dedicated IT department. Designed to be plug-and-play, IvedaXpress provides a hassle-free setup process with no maintenance required for hardware. Each IP camera is hosted from a local computer or smartphone for live viewing and playback. Video may be stored on that local computer or stored remotely using free storage from Amazon or Dropbox.

• Iveda Smart UVC: This is a Commercial-grade, AI-driven Ultraviolet Germicidal Irradiation UVGI. Iveda Smart UVC adds UV lights to standard HVAC vents for quick, easy, and inexpensive deployment to homes and commercial buildings. Leveraging the existing air circulation system, Iveda Smart UVC vents disinfect the air by irradiating UV light on the passing air. Eliminating the need to manually disinfect offices, meeting rooms, and other workspaces. Iveda Smart UVC can be integrated with Iveda SPS smart power management and sensors to efficiently and effectively operate the light source upon detected movement.

• Iveda's Smart Drones: These drones are flown to perform certain functions from an aerial view without the need for a pilot onboard. Smart Drones utilize AI-based software for autonomous operation and navigation from taking off, returning to base, carrying out mission-critical tasks or simply doing an aerial patrol, without the need for human intervention. Unlike typical drones, Iveda Smart Drones are cloud-based and can be part of a network of drones for central management. They are equipped with Iveda's Sentir Video Surveillance System and IvedaAI Intelligent Video Search Technology. The product offering is robust and expansive for a multitude of industrial, commercial, and military applications. Key features include fully autonomous operation, intelligent computing, safety design, Skywatch for planning and editing real-time/timed missions, and Insight for automated orthorectified service of imagery and AI technology for inspecting natural disasters, vehicle & pedestrian tracking, and energy facilities inspection.

• The Smart Utility Cabinet: This gives end users a convenient tool to monitor their daily energy consumption, to pinpoint electrical leaks, and to prevent power line overload and potential fire. It utilizes IoT sensors to detect abnormalities in consumption, temperature, and tampering. The Smart Utility Cabinet has an internal environment control design, housed in a durable industrial-grade cabinet. It includes a smart edge computing gateway with multi-RF communication protocols such as 4G, Z-Wave, and WiFi, and a tampering sensor for unauthorized access. Smart water meter and gas meter may be added to the Cabinet.

• Vemo Body Camera: This streams live video, using 4G, to headquarters and doubles as a walkie-talkie with a push-to-talk feature. With its multi-mode audio, it can also be used for broadcasting and hands-free audio conferencing for group talk. Vemo has WiFi capability, which is ideal for city-wide deployments. Vemo transmits live streaming video instantaneously to the cloud without additional software or hardware. Vemo's cloud management platform can centrally manage an unlimited number of devices, and video can be accessed on a PC, Android, and iOS client. Moreover, Vemo can stream directly into the IvedaAI platform for real-time video analytics to search for faces, objects, or license plates in real time.

• IvedaCare: Launched in November 2022, this is a simple, easy-to-use suite of wireless health and wellness devices intended to help monitor the health and activities of loved ones. The mission is to help ensure the safety and independence of loved ones. Stay connected to elderly loved ones with advanced IoT devices for real-time monitoring, fall detection, medication reminders, and more. With IvedaCare, users can monitor their home and loved ones from afar and potentially make life-saving decisions using the app. Cloud-based, wireless sensors collect real-time data shared with the entire family circle within the app. Customers may add a subscription service for Pro Monitoring. If the Trusted Circle is unavailable, the emergency call center will dispatch emergency services quickly.

• LevelNOW: This is an advanced IoT-based solution that transforms the way liquid levels are monitored and managed. With two unique IoT sensors—a standard cap valve sensor designed for 200-liter drums and a patent-pending external sensor that fits various container sizes—LevelNOW provides real-time data to ensure efficiency, safety, and cost savings. Its user-friendly AI-backed platform optimizes operations for industries that rely on large fluid containers, such as oil, gas, and industrial storage. Know exactly when customers are running low and deploy fleets in real time to refill your liquids.

Iveda Solutions holds a strong position within the smart cities and IoT markets, leveraging its advanced AI-driven video surveillance solutions and comprehensive suite of IoT platforms. The company's competitive advantages include its ability to integrate a multitude of disparate systems through its Cerebro platform, providing central access and management of applications, subsystems, and devices. Additionally, Iveda Solutions offers a wide range of products and services that cater to various industries, including smart power technology, smart utility solutions, and health and wellness devices. The company's focus on digital transformation and smart city technologies positions it well to capitalize on the growing demand for connected solutions and innovative technologies that enhance urban safety and efficiency.

The general customer base for Iveda Solutions includes cities, commercial clients, and organizations seeking to implement smart city technologies and digital transformation solutions. The company's products and services are designed to meet the needs of a diverse range of customers, from government entities to private businesses, all looking to leverage the benefits of AI and IoT technologies.