IVDA - Iveda nabs $1.3M Smart Pole purchase order from IP Dream

Iveda (NASDAQ:IVDA) signed a strategic partnership agreement with IP Dream for a $1.3M purchase order of 50 units of Iveda’s Utilus smart pole which is its initial order. IP Dream is a worldwide provider of IT and communications technology in Japan since 2004, whose customers include Hitachi, Canon, Toyota, Secom, NTT Group and Softbank. IP Dream will supply Utilus to its farming customers that produce high-end fruit in Japan; Utilus will also be used in large solar farms to prevent copper theft. "Given the exponential market growth, we expect that Utilus will garner great traction in the agriculture industry alone," CEO David Ly commented.

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Iveda nabs $1.3M Smart Pole purchase order from IP Dream