Iveda and Movement Interactive Deliver On $200K Contract With An Arizona Independent Living Facility For Veterans
Portfolio Pulse from Benzinga Newsdesk
Iveda (NASDAQ:IVDA) has successfully delivered a $200,000 contract with Waymark Gardens, providing AI and IoT-enabled telehealth and fall detection technology to support residents. The IvedaCare kits include IvedaAI appliance hardware and software, along with proprietary IoT-enabled sensors and devices. This follows an eight-year Veteran Affairs contract worth $1.032 billion, positioning IvedaCare for potential expansion to 4,000 additional care facilities. IvedaCare's AI-driven software assists short-handed care providers by learning user patterns and reducing false alarms, while offering real-time alerts to families through the Trusted Circle app. Waymark Gardens aims to use this technology as a model for future senior living facilities.
November 14, 2023 | 2:11 pm
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Iveda has completed a $200K contract with Waymark Gardens for AI-driven telehealth solutions and is well-positioned for potential expansion to thousands of care facilities through a VA contract. This showcases Iveda's growth in the healthcare technology sector.
The successful delivery of the contract with Waymark Gardens and the potential for expansion to additional facilities through the VA contract suggest a positive outlook for Iveda's business and revenue growth. This news is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price.
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