IVDA - Iveda skyrockets 49% on receiving $3M in Taiwan projects
- Iveda ( NASDAQ: IVDA ) rallies 48.9% higher premarket after it announced four signed contracts in Taiwan worth ~$3M gross revenues; projects are in process and are scheduled to be completed by end of CY22.
- Iveda Taiwan will manage and see the projects to completion.
- The largest of the projects is for $2.7M with a government agency to provide video security surveillance system at 61 locations countrywide.
- Iveda will provide networking equipment and interprocess communication computers to assist its partner in designing and installing a state-of-the-art video command, communication and control system; this deployment has the potential to be replicated at all 300 locations.
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Iveda skyrockets 49% on receiving $3M in Taiwan projects