Iveda Expands Partnership With Evergreen Aviation, Transforming The AI-Powered Smart Drone Industry
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Iveda (NASDAQ:IVDA) expands its partnership with Evergreen Aviation Technologies Corp. (EGAT) to deploy military-grade smart drones globally for surveillance and security. The partnership, valued over $2.5 million, aims to develop drones equipped with Iveda's AI Video Analytics for various applications including military deployments and disaster surveillance. This expansion follows successful collaborations and responds to multiple RFPs from private and government entities. Iveda's growth is further highlighted by new partnerships and international expansions, including a $3.2M contract with the Taiwanese government.
March 19, 2024 | 12:03 pm
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Iveda's expanded partnership with EGAT for deploying AI-powered smart drones globally signifies potential revenue growth and market expansion. The partnership's value exceeds $2.5 million, with significant RFPs and international expansions indicating a positive outlook.
The expansion of Iveda's partnership with EGAT to deploy AI-powered smart drones globally, coupled with the announcement of significant RFPs and new international partnerships, suggests a strong potential for revenue growth and market expansion. The specific mention of a $3.2M contract with the Taiwanese government and other international expansions further supports a positive short-term impact on IVDA's stock price.
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