Iveda Solutions announced the opening of its Innovation Lab at the Taiwan campus of the prestigious Industrial Technology Research Institute (ITRI).
Iveda Solutions announced the opening of its Innovation Lab at the Taiwan campus of the Industrial Technology Research Institute (ITRI).
David Ly, President and CEO of Iveda Solutions, and Dr. Cheng-Wen Wu, VP and General Director of Information and Communications Research Laboratories at the ITRI, participated in an all-day event, including a ribbon-cutting ceremony to commemorate the opening of the lab.
At the ceremony, Ly said, "It's an honor to be here. I thank everyone for this wonderful opportunity, and I look forward to many years of continued innovation, and more importantly, the commercialization of all the great technologies we have here."
Iveda was introduced to the ITRI by Megasys, its subsidiary in Taiwan. Shortly thereafter, the two entities signed a collaboration agreement to work on specific cloud-based video projects. In the past year, the team has made remarkable progress.
The all-day event included joint presentations by ITRI's and Iveda's engineers on the progress of cloud video projects they have been working on.
"I am very supportive of the collaboration between the ITRI and Iveda. Beyond the development of innovative 'intercloud' video technology, this relationship is very unique because it also represents innovation in business strategy for the ITRI," said Ching-YenC Tsay, Chairman of the ITRI. "With Iveda's experience and knowledge of what end users really want, together we can develop technology to address real-world needs. This collaboration allows for faster adoption and commercialization of innovative products and services."
The ITRI is a nonprofit R&D organization engaged in applied research and technical services. Founded in 1973, the ITRI has played a vital role in transforming Taiwan's economy from primarily labor-intensive industries to high-tech industries. The ITRI has aggressively researched and developed countless next-gen technologies, including WiMax wireless broadband, cloud technologies, solar cells, RFID, light electric vehicles, flexible displays, 3-D integrated circuits and telecare technologies.
As the future of cloud computing rapidly matures, the ITRI and Iveda are combining strengths in technology and marketplace awareness to better identify and integrate innovative technology solutions that leverage the scalability of the cloud.