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IVDA - Iveda rallies on its products utilized for Taoyuan Aerotropolis project
Iveda Solutions Inc.
Iveda (NASDAQ:IVDA) rallied 22.9% higher premarket after announcing that its products have been specked into the Taoyuan Aerotropolis Project which consists of ten major construction projects. The project commences this year with completion expected in 2028. "The Taoyuan International Airport has been a customer of Iveda Taiwan for many years. We estimate $5 to $7M revenue from this multi-year project," CEO David Ly commented.