Iveda Partners with The Arab Organization for Industrialization, Bringing 5th Generation Smart Cities to Egypt - Seite 2

The partnership will help to localize Iveda’s technology for more efficient production and delivery throughout the region, leveraging AOI’s expertise in electronic manufacturing, assembly, logistics, shipping, and regional reach. Together, Iveda and AOI will collaborate on the promotion and development of Egypt’s 5G smart cities’ digital transformation, safety and security, infrastructure, smart manufacturing, concessions, technology transfer, smart mobility and transportation, and other 5th generation smart city sectors.

“Throughout the EMEA region, we’re seeing a rapidly increasing demand for innovation that may be applied directly to the development of smart cities and other government initiatives,” said Major General Ahmed Abdel Aziz, Chairman of the Board of Directors of the Electronics Factory, on behalf of Major General Mukhtar Abdel Latif, Chairman of AOI. “While AOI has the regional reach and expertise, we require a trusted partner to provide the technological prowess and are honored to have Iveda take on that role. The company’s expertise in digital transformation and city infrastructure aligns perfectly with our goals and plans to scale 5th generation smart cities in Egypt and beyond.”

This partnership with AOI rides on the heels of Iveda’s latest partner announcements including collaborations with Valor Healthcare, Movement Interactive, Evergreen Aviation, and NetGain Systems as Iveda continues to scale both domestically and globally, making advanced AI and IoT technology more accessible to local governments and affiliate organizations everywhere.

About Iveda Solutions

Iveda (NASDAQ:IVDA) is the provider of global solutions for cloud-based, video AI search and surveillance technologies that protect the people, places, and things that matter the most. Iveda’s technology has the power to provide instant intelligence to existing infrastructure, enabling cities and organizations around the world to seamlessly enter the fifth industrial revolution. Iveda operates at the forefront of digital transformation of cities across the world, using IoT platforms with smart sensors and devices developed to aid with use cases surrounding public safety, security, elderly care, energy efficiency, and environment preservation. Headquartered in Mesa, Arizona, with a subsidiary in Taiwan, Iveda is publicly traded under the ticker symbol “IVDA”.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230817706808/en/

The Iveda Solutions Stock at the time of publication of the news with a raise of +4,55 % to 0,951USD on Nasdaq stock exchange (17. August 2023, 13:18 Uhr).