An AI solution providing accurate analysis of video footage, strengthening security and operational efficiency

Iveda® (NASDAQ:IVDA), the global solution for cloud-based AI, today announced the launch of IvedaAI™ Forensics Desk, an AI-powered tool that provides local law enforcement with accessible, advanced video intelligence to aid in crime solving, in the Philippines market. Using IvedaAI––Iveda’s core technology––Forensics Desk equips law enforcement officials with tools including Intelligent video search, facial and license plate recognition, and target object search, enhancing security and operational efficiency in real time. With the ability to plug into any camera-enabled device (iPhone, Android, etc.), Forensics Desk provides accurate analysis of video footage within seconds, leading to faster crime resolution and increased safety in cities, communities, and public spaces.

The global video surveillance market is expected to reach 16.3 billion USD by 2028. As more law enforcement officials turn to the adoption of AI powered solutions, Iveda is working closely with various agencies and companies across the Philippines regarding the adoption of Forensics Desks into their crime fighting teams and units. The company is currently in conversations with national, city, and local government units, city traffic divisions, banks, shopping malls, high-end residential villages, commercial districts, hotels, and tollway operators throughout the region, with several government sales on track to be procured by fall 2024.

Iveda AI Forensics Desks can be used in a wide variety of scenarios, especially as local police units face the challenge of efficiently analyzing vast amounts of video footage to solve crime. For example, if a theft occurs at a busy market and bystanders record the event on their phones, they can bring this footage to police officers who can use the Forensics Desk to quickly analyze the video, identifying the suspect's face and vehicle within minutes.

The IvedaAI Forensics Desk offers a unique combination of rapid real-time search capabilities, intuitive interface, and seamless integration with various video sources. Whether someone brings SD cards, discs, USB sticks, or their cell phone, the IvedaAI Forensics Desk can connect and instantly begin providing high level analysis and alerts. When the system is unfolded, it resembles a mobile standing desk, and is about half the size of a speaking podium, making it easy to manage and deploy in different environments. IvedaAI Forensics Desks retails for $17,000 USD.

“Iveda’s mission has always been to make AI-powered technology more accessible. Now, with IvedaAI Forensics Desk, law enforcement officials throughout the Philippines are being given an easy-to-use, accurate, additional layer of analysis to strengthen public safety and protect the people and property they serve,” said David Ly, Iveda CEO and founder. “While the adoption of AI by law enforcement agencies across the globe has been notoriously slow, those who have tapped into the technology are seeing the ways in which it enables them to further secure their communities. AI-powered solutions are the future of law enforcement and tools like the Forensics Desk are making it possible to enhance existing systems with the power of AI at a cost-effective price point.”

"The IvedaAI Forensics Desk is a must-have tool for any company, organization, or government entity deploying CCTV Surveillance System,” added Timmy Evangelista, the Chief Technology Officer of Iveda Philippines. “This technology is uniquely valuable for law enforcement and security officials operating in high-traffic, tourist locations given the nature of crime that tends to occur in these highly populated areas. I believe the Forensics Desk will truly transform the way local police units, known as barangays, handle video evidence. There are over 42,000 barangays that can use the IvedaAI Forensics Desk to make crime resolution faster and more efficient across the nation of the Philippines."

To learn more or to acquire the IvedaAI Forensics Desk, potential customers can contact sales@iveda.com or visit the website.

About Iveda Solutions®

Iveda (NASDAQ:IVDA) is the provider of global solutions for cloud-based, video AI search and surveillance technologies that protect the people, places, and things that matter the most. Iveda’s technology has the power to provide instant intelligence to existing infrastructure, enabling cities and organizations around the world to seamlessly enter the fifth industrial revolution. Iveda operates at the forefront of digital transformation of cities across the world, using IoT platforms with smart sensors and devices developed to aid with use cases surrounding public safety, security, elderly care, energy efficiency, and environment preservation. Headquartered in Mesa, Arizona, with a subsidiary in Taiwan, Iveda is publicly traded under the ticker symbol “IVDA”.

Olivia Civiletto Erwin olivia@dottedlinecomm.com 716.785.1108

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