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MESA, Ariz. - Iveda (NASDAQ:IVDA), an AI video surveillance technology company with impressive revenue growth of 89% over the last twelve months, announced Wednesday a partnership with Salience Security to launch Salience Mobile Command, a portable security command center equipped with Iveda’s AI technology. According to InvestingPro data, the company currently trades at $1.34, significantly below its 52-week high of $8.05, potentially presenting an opportunity for investors interested in the AI surveillance sector.
The mobile unit was first deployed at the LIV Golf Tournament, where it served as the central security hub for the Carrollton Texas Police Department, primarily focusing on drone control for an event that attracted nearly 50,000 fans over three days.
The portable command center includes features such as integrated cameras with AI-enhanced analytics, facial recognition, weapons detection capabilities, and an operational interior with monitors and mission-control seating. The unit also offers air conditioning, network infrastructure, and optional Starlink connectivity for remote operations.
Sergeant Richard Guzeman of the Carrollton Police Department said the mobile command provided "outstanding support" for drone pilot officers during the tournament, offering "an exceptional, air-conditioned environment that enhanced our oversight and situational awareness."
According to the press release statement, the global mobile command center market is approximately $2.5 billion as of 2025. With a current market capitalization of just $3.9 million, Iveda appears positioned to capture market share in this growing sector. InvestingPro analysis suggests strong growth potential, with analysts forecasting sales growth of over 230% this year.
Salience Security will serve as the primary security integrator for deploying these mobile command units at events and public gatherings across the country. The companies anticipate multiple additional deployments throughout 2025.
David Ly, CEO and founder of Iveda, described the product as introducing "a paradigm shift in how security operations are deployed and managed," while Kelly Cook, CEO of Salience Technology, cited Iveda’s AI solutions as "among the most advanced in the world."
The mobile command unit is designed for various applications including sporting events, disaster response, and festival management. While Iveda maintains a healthy current ratio of 1.7 and holds more cash than debt on its balance sheet, investors seeking deeper insights into the company’s financial health and growth prospects can access 15 additional exclusive ProTips and comprehensive financial metrics through InvestingPro.
In other recent news, Iveda’s Board of Directors has approved the acquisition of cryptocurrency as part of its treasury strategy. This decision is aimed at diversifying the company’s assets and engaging with the digital economy. The move reflects Iveda’s strategy to adapt to evolving financial landscapes by incorporating digital currencies into its financial portfolio. This development was announced through a press release from the company. The acquisition marks a shift in Iveda’s approach to asset management, aligning with broader industry trends toward digital and alternative assets. The company’s decision underscores its commitment to innovation and adaptability in financial strategies. These recent developments highlight Iveda’s proactive steps in navigating the changing economic environment.
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