Iveda Gains Momentum into 2017 with $2.6 Million Safe City Projects with Taiwan’s Chunghwa Telecom

MESA, AZ IVDA, (Marketwired Dec 15, 2016) Iveda® (OTCQB: IVDA), worldwide enabler of cloud-based video surveillance and data management through the licensing of its Sentir® platform, today announced three contracts signed totaling US $2.6 million for safe city projects in Taiwan. The contracts were awarded by Chunghwa, the largest telecom in Taiwan, to MEGAsys, Iveda s wholly-owned subsidiary in Taiwan. Iveda anticipates its Taiwan-based subsidiary will achieve profitability in 2017 with these projects. With the new projects secured in Taiwan, the
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