MESA, AZ--(Marketwired - May 21, 2014) - Iveda® (OTCQB: IVDA), provider of cloud-based, managed video surveillance products and services, today announced that it has partnered with Humphrey Sobers Ltd. (HSL), a pioneer in IP surveillance services throughout the Caribbean. Under the agreement, HSL will resell and integrate Iveda's cloud surveillance services in the fast growing Caribbean and South American markets.
The partners will target government agencies, telecommunications companies, corporate entities and community watch groups in the region, who need access to customized, affordable and easy to implement cloud-based surveillance security products and services.
With the initial pilot projects that have already been completed by HSL throughout the Caribbean and South America, this new alliance is well-positioned to become the leader of cloud-based video surveillance solutions in this fast growing geographical region of the world.
"One of the most anticipated cloud-video services to be launched immediately is designed to connect thousands of retail businesses with international safety groups, monitoring services and law enforcement," said Shirhan Humphrey, managing director of HSL. "This type of service has attracted significant interest from a variety of business groups and is currently in implementation phase."
The evolution of cloud-managed video hosting will allow HSL to provide new and existing customers with solutions that range from basic secure peer-to-peer (P2P) home monitoring to enterprise-class video surveillance services spanning multiple locations.
This model will eliminate the many hours of set up, maintenance and many of the costs associated with the installation of traditional analog and IP video surveillance systems. Iveda's plug-and-play cameras can be installed with little to no technical knowhow, and can be accessed via a single online dashboard on virtually any Internet-enabled smartphone, tablet or computer anywhere in the world.
"HSL is the ideal partner for our launch of cloud video surveillance in the region because of its industry experience and market reach," said Richard Gibson, senior vice president of global sales for Iveda. "The potential for growth in the Caribbean and South America is immense."
"HSL is also working with schools to introduce cloud video hosting, along with our monitoring service, which will reduce costly guard services while maintaining, and in many cases, increasing security at the schools," added Humphrey.
Cloud-hosted video not only provides a security solution, but also simplifies managing day-to-day activities, from remotely supervising a retail store to monitoring a home or vacation property. This solution also eliminates the limitations of traditional systems available in the region, which are dependent on static Internet connections. The platform utilizes a fully redundant network architecture that allows 24/7 web access for viewing events in "real time" and reviewing cloud-stored video with no degradation in quality, regardless of the number of simultaneous users.
Iveda is a registered trademark of Iveda Solutions, Inc. All other trademarks are property of their respective owners.
About HSL
HSL is a privately owned security company based in the Republic of Trinidad and Tobago and is authorized to operate as a Protective Service Agency by the country's Ministry Of National Security. The company has more than eight years of direct experience in the design, supply, installation, and security monitoring of pure IP-based surveillance technology and currently provides these services to government agencies, telecommunications companies, Internet Service Providers (ISPs), mobile providers and medium-to-large enterprises. For additional information call (868) 222-WE C U (9328) (868) 326-4925, (868) 342 9374 or visit www.virtuguard.com.
About Iveda
Iveda (OTCQB: IVDA) is a premier cloud video hosting service provider, a technology innovator, and a provider of enterprise-class Video Surveillance as a Service ("VSaaS") solutions. The Company has a SAFETY Act Designation from the Department of Homeland Security as a Qualified Anti-Terrorism Technology Provider. Iveda is headquartered in Mesa, Arizona and has a subsidiary in Taiwan (MEGAsys). Its common stock trades on the OTCQB under the symbol "IVDA". For additional information call (800) 385-8616 or visit www.iveda.com.
This release includes forward-looking statements. Actual results may vary materially from those expected. Iveda's business is subject to significant risks and uncertainties described more thoroughly in the Company's SEC filings, including but not limited to its report on Form 10-K for the year ended December 31, 2013. All forward-looking statements made herein are qualified by such risk factors, and readers are advised to consider such factors carefully. Iveda undertakes no obligation to revise these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.