Iveda, worldwide enabler of cloud-based video surveillance through licensing its Sentir platform, executed a licensing and reselling agreement with Vietnam-based FPT Telecom. “The agreement represents a minimum of 10,000 devices and monthly Sentir licenses for cloud management within one year. The hardware revenue
Iveda, worldwide enabler of cloud-based video surveillance through licensing its Sentir platform, executed a licensing and reselling agreement with Vietnam-based FPT Telecom.
“The agreement represents a minimum of 10,000 devices and monthly Sentir licenses for cloud management within one year. The hardware revenue is anticipated to represent approximately US$2 million of IvedaHome (smart home automation system). The monthly recurring Sentir license fee is $3 per month as each system is activated which will equate to $360,000 annually,” said Bob Brilon, Iveda president and CFO.
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