PLDT

Iveda Accepts $1.33M Follow-on PO for 10,000 Cloud Cameras for Philippines Telecom

Iveda® (OTCQB:IVDA), enabler of cloud video surveillance through its Sentir™ platform, announced that it received a purchase order for 10,000 Zee® plug-and-play cloud cameras from Filcomserve. The PO has a value of $1.33 Million consisting of four camera models.

In addition to the camera revenue, Iveda will recognize an additional perpetual monthly licensing fee for each camera activated on the Sentir platform. The cameras will be shipped to Philippine Long Distance Telephone Co. (PLDT), Filcomserve?s largest customer.