Iveda Has Sold 500 IvedaHome Systems to Its Exclusive Reseller in Vietnam

Iveda (OTCQB:IVDA), an enabler of cloud-based video surveillance and data management, has announced the sale of 500 IvedaHome (Cloud Home Security and Automation) systems to its exclusive reseller in Vietnam.
According to the press release:

This specific product is slated for just two luxury multi-tenant residential complexes within the reseller’s vast customer portfolio of real estate developers. The builders plan to make IvedaHome a buyer option for all current and new apartment homes.
“Our excitement stems from each residential property developer having an average of 20,000 homes throughout their portfolio,” said David Ly, CEO of Iveda. “Whether IvedaHome is marketed to developers to ‘plug’ into new homes or a telecom bundles it with new Internet service, the immediate market potential for simple and affordable wireless home security system is abundant.”
According to Global Property Guide, Vietnam’s property market is heating up because of strong economic growth and a growing middle-class. The immediate growth can also be attributed to housing laws instituted in July 2015 that allow foreigners and overseas Vietnamese to legally own, sell and transfer real properties.

Click here to read the full press release.