Internet of things Security

Iveda introduces Utilus Smart Pole technology, sets the

Iveda introduces Utilus Smart Pole technology, sets the
Written by ga_dahmani
Iveda introduces Utilus Smart Pole technology, sets the

MESA, Ariz., April 11, 2022 (GLOBE NEWSWIRE) — Iveda (NASDAQ: IVDA), the global provider of AI video search, Internet of Things (IoT), video surveillance and smart city digital transformation technologies, announced the release of Utilus. Utilus brings together all of Iveda’s smart city technologies, including video surveillance, AI-based video analytics, IvedaSPS (Smart Power System) and IvedaPinpoint’s location-based smart sensors and trackers, into one management platform. centralized.

All modern cities in the world have utility poles with electricity. Iveda simply taps into the existing energy and equips it with Utilus. Utilus consists of an intelligent wireless mesh communications and power management network with WiFi, 4G and 5G small cell capabilities and other wireless protocols as needed.

Once the utility poles are equipped with Utilus, they communicate with each other, establishing a network that provides distributed video surveillance with AI video search technology and remote management of local devices such as trackers, water meters, electric meters, valves, circuit breakers. and sensors.

Additionally, Utilus includes an energy storage battery system for continuous operation and backup in the event of a municipal power outage. With Iveda Pole Gateway and IvedaSPS, the system acts as a microgrid to provide power to mission critical infrastructure when needed. It can also be used for electric car charging stations.

“Our smart city technologies are the culmination of nearly two decades of product development and experience in delivering cloud-based solutions,” said David Ly, CEO of Iveda. “Utilus adds a new level of security, safety and management tools for smart city initiatives. Whether it’s instantly identifying and reporting a car accident or recognizing a vehicle with a possible kidnapped child, seconds count.”

This announcement coincides with market research showing dramatic growth in the Smart City technology market. According to San Francisco-based Grand View Research, the current Smart City market is valued at $1.1 billion, with a compound growth rate of 24% through 2030. The company’s Smart City Market Report, published in March 2022, pointed to the integration of IoT, cloud computing, and AI as the main growth drivers for the industry.

The report stated that the need for sustainable infrastructure due to increasing population and urbanization has become a major driver for market growth. Governments around the world are trying to address the challenges by adopting smart city initiatives in functional segments including utility management, mobility, and security,” the report states.

Iveda’s partner in South Africa is about to implement Utilus for a smart city pilot project in an 18-acre section of a gated community in Johannesburg, estimated at over $1.5 million for the pilot project alone. More details of the project will follow.

“Our partner believes that a successful pilot would result in the deployment of Iveda’s smart city solution in Johannesburg, as well as other urban areas in South Africa,” said Ly.

Johannesburg is the 16the largest footprint of built-up urban area in the world with an estimated population of 14 million.

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About Iveda

iveda® (NASDAQ: IVDA) is the global provider of IvedaAI intelligent video search technology, Feel® and IvedaXpress video surveillance products, IvedaPinpoint and the IvedaHome™ IoT (Internet of Things) platforms. Iveda offers digital transformation technologies for smart city applications. Iveda is based in Mesa, Arizona. Iveda Taiwan (fka MEGAsys) is its wholly-owned subsidiary.

This release includes forward-looking statements. Actual results may vary materially from those expected. by Iveda The business is subject to significant risks and uncertainties that are more fully described in the Company’s SEC filings, including, but not limited to, its Registration Statement on Form S-1 and Form 10-12g with Financial Statements. audited for the year ended December 31, 2021 and December 31, 2020 and their quarterly reports filed thereafter on Form 10-Q. You should not place undue reliance on forward-looking statements as they involve known and unknown risks, uncertainties and other factors which, in some cases, are beyond by Iveda control and which could, and likely will, materially affect actual results, activity levels, performance or achievements. All forward-looking statements made in this document 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 unforeseen events.

Contact:
iveda
ty young
Director of Communications
Phone: +1 (623) 565-9320
Email: tyoung@iveda.com

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