Iveda Receives Deposit for a 1,000-camera Order for Philippines Telecom
November 03 2016 - 9:00AM
Marketwired
Iveda Receives Deposit for a 1,000-camera Order for Philippines
Telecom
MESA, AZ-(Marketwired - Nov 3, 2016) - Iveda (OTCQB: IVDA),
worldwide enabler of cloud-based video surveillance and data
management through the licensing of its Sentir platform, today
announced the receipt of a deposit for 1,000 ZEE plug-and-play
cloud cameras from Filcomserve, Iveda's exclusive reseller in the
Philippines. The cameras will be sold through Philippine Long
Distance Telephone Co. (PLDT), a multi-billion-dollar telecom and
Filcomserve's largest customer.
The order consists of 200 outdoor cameras and 800 pan/tilt
indoor cameras. This is a follow-on order to the 1,300 cameras
already shipped through July 2016 and the first inventory for a
PLDT marketing program which is anticipated to result in monthly
purchases by Filcomserve.
In addition to the camera revenue, Iveda will earn a recurring
monthly Sentir licensing revenue for each camera activated on the
Sentir platform.
Utilizing Iveda's Sentir platform, PLDT launched its
first-of-its kind cloud video surveillance offering in the
Philippines to cater to its millions of subscribers. When they
first launched, they only test marketed to their DSL subscribers.
Since then, they have decided to expand to all their Internet
subscribers. PLDT is going after the small-to-medium enterprise
market.
PLDT is the Philippines' leading provider of domestic,
international long distance, broadband, cellular services and
information and communications technology with over 70 million
subscribers (more subscribers than Sprint and T-Mobile in the
U.S.). PLDT is listed on the Philippine Stock Exchange and its
American Depositary Shares are listed on the New York Stock
Exchange. PLDT has one of the largest market capitalizations among
Philippine-listed companies.
Iveda, Sentir and ZEE are registered trademarks of Iveda
Solutions, Inc. All other trademarks are property of their
respective owners.
About Iveda
Iveda (OTCQB: IVDA) enables cloud video surveillance by
licensing its Sentir video and data management platform, utilizing
proprietary video streaming and Big Data storage technology. Iveda
enables a recurring revenue model by licensing Sentir to service
providers for plug-and-play cloud video offering to their
customers. Iveda has a SAFETY Act Certification from the Department
of Homeland Security as a Qualified Anti-Terrorism Technology
Provider. Iveda is headquartered in Mesa, Arizona with a
wholly-owned subsidiary in Taiwan. Iveda is publicly traded under
the ticker symbol "IVDA." For more information call (480) 307-8700
or visit www.iveda.com. To follow Iveda visit
www.facebook.com/ivedasolutions, www.twitter.com/ivedasolutions or
www.linkedin.com/company/iveda-solutions.
This release includes forward-looking statements. Actual results
may vary materially from those expected. Iveda's business is
subject to significant risks and uncertainties described more
thoroughly in the Company's SEC filings, including but not limited
to its report on Form 10-K for the year ended December 31, 2015 and
its subsequently filed quarterly reports on Form 10-Q. All
forward-looking statements made herein are qualified by such risk
factors, and readers are advised to consider such factors
carefully. Iveda undertakes no obligation to revise these
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events.
Contact: Iveda Luz A. Berg Chief Marketing Officer 480 307-8700
lberg@iveda.com