IVDA - 24/7 Market News Snapshot 20 Feb 2024 - Iveda Solutions Inc. (NASDAQ: IVDA)

2024-02-20 11:30:02 ET

DENVER, Colo., 20 Feb, 2024 (www.247marketnews.com) – (NASDAQ: IVDA) are discussed in this article.
FOR IMMEDIATE RELEASE

Iveda Solutions Inc. Experiences Bullish Surge Amid Launch of Innovative AI-Powered Safety Technology, IvedaAI Sense

MESA, Ariz. – Today marked a pivotal moment for Iveda Solutions Inc. (NASDAQ:IVDA), the forerunner in cloud-based Artificial Intelligence (AI) solutions, as shares surged to $1.00, achieving a significant 12.36% increase from the opening price of $0.90. This rise comes on the heels of Iveda’s recent announcement of its groundbreaking IvedaAI Sense technology – an AI sensor system designed to detect vaping, smoke, and bullying in real-time, primarily geared towards enhancing safety in schools and public areas. The company’s shares demonstrated robust trading momentum with a volume of 1.3 million shares, signaling positive investor sentiment.

IvedaAI Sense, set at a retail price of $1,500 per unit, integrates seamlessly with the IvedaAI platform, providing real-time analytical capabilities crucial for proactive safety measures. This innovative technology addresses the concerning trends of widespread vaping and bullying, with deep learning algorithms that alert personnel of atypical behavior patterns. The product’s rollout into schools demands between 40–200 units per campus, reflecting Iveda’s commitment to creating safer educational environments.

David Ly, CEO of Iveda, expressed the company’s intent saying, “Our mission at Iveda is to equip schools with pivotal tools that aid in the early detection and prevention of harmful behaviors. IvedaAI Sense empowers educational institutions and other public entities with AI-driven technology, gearing them to efficiently combat the dual epidemic of vaping and bullying.”

As the teen vaping statistics reach alarming rates and bullying remains a pressing issue, Iveda’s latest venture into AI sensor technology via IvedaAI Sense is timely. Poised to revolutionize indoor safety monitoring by distinguishing smoke, vapor particles, and unusual soundwaves, the sensor ensures enhanced security within these venues.

Leveraging its network of resellers and direct customer contacts, Iveda is positioned to partner with school districts across the nation, while their alliance with Claro Enterprise Solutions reinforces this commitment.

Investors and stakeholders are encouraged to follow Iveda’s journey as it continues to innovate and secure its place as a leader in AI technology for public safety and security.

For more information, visit Iveda’s official announcement link or contact Olivia Civiletto Erwin at olivia@dottedlinecomm.com or 617.477.9857.

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