Iveda expands partnership with EGAT for AI-powered smart drone applications

Iveda announces the expansion of its partnership with Evergreen Aviation Technologies or EGAT ,” a leading aircraft maintenance solutions provider, following the success of the partnership over the past year. Together Iveda and EGAT are continuing to expand AI-powered smart drone applications around the globe in areas including the Philippines, Mexico, the U.S., and the Middle East. Growing their partnership, EGAT and Iveda will proceed with the development of military-grade smart drones, equipped with Iveda’s AI Video Analytics and sensor technologies, to assist with confidential military deployments, flood and fire surveillance, border and coastal patrol, livestock tracking, remote equipment searches, infrastructure inspections, and basic aerial crowd traffic control. Having responded to multiple Requests for Proposals RFPs from both private and government entities from the countries mentioned above, the potential value of this partnership expansion exceeds $2.5M to date, with one significant RFP valued at $1.8 M. To date, the typical drone configurations requested have ranged from $90,000 to $350,000 per unit. EGAT will continue to provide Iveda with the assets, technical support, and training to facilitate the promotion and sale of its drone products on a global scale, which is especially important as Fortune Business Insights predicts the commercial smart drone market to reach $54.81B by 2030.”