PLDT

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

Posted by dtaitano February 23, 2015 6:10 am Categories: Cloud, Customer Implementations, IP Cameras, Surveillance. Tags: cameras, Cloud, Iveda, PLDT, Plug and play, video storage.

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.

How An Innovative Control Room Can Help Secure The Budding Cannabis Market

It’s no secret that the cannabis industry is growing. Numerous states across the United States, from California to Maine, have legalized recreational cannabis, with 33 total states allowing cannabis for medicinal uses. And it’s not just the United States that’s seeing this trend: Canada’s official legalization of recreational cannabis took effect last October. This growth is leading to incredible opportunities in the industry, with the global market valued at $10.3 billion in 2018 and projected to reach $39.4 billion by 2023. This market opportunity expands far beyond the companies that directly deal with the cannabis plant, with numerous adjacent businesses on track to experience benefits.