Iveda Solutions Inc. (NASDAQ:IVDA) shares are trending on Wednesday.
Shares of the Arizona-based AI surveillance and smart infrastructure company jumped 37.17% to $0.50 in after-hours trading on Wednesday after the company announced a strategic partnership with GlobalMed, a digital health firm with major federal healthcare contracts.
The deal was announced before the market opened on Wednesday.
IVDA closed the regular session at $0.37, up 26.20%, according to Benzinga Pro data.
Partnership Opens Government Sales Channel
The deal names GlobalMed as Iveda’s strategic government partner. It pairs GlobalMed’s virtual-care ecosystem and government expertise with Iveda’s AI-powered situational awareness technology. Through the partnership, government agencies will be able to access IvedaAI, Iveda Smart Drones, IvedaRTLS, and IvedaCare through established and compliant procurement channels. Together, these products cover AI-powered video search, surveillance, drones, location tracking, and remote care.
The company stated Iveda Smart Drones represent the partnership’s first major procurement milestone. The AI-powered rotary-wing systems are now available for immediate government orders through GlobalMed under the Defense Logistics Agency’s Tailored Logistics Support contract.
Companies Eye Deeper Integration
Beyond product resale, the companies are evaluating native integration of Iveda’s AI, location intelligence and aerial visibility with GlobalMed’s existing systems. Target use cases include military installations, veterans’ care, correctional facilities, and disaster response.
David Ly, CEO and founder of Iveda, said, “By combining that foundation with Iveda’s real-time intelligence, we can create solutions that help government teams understand what is happening, locate the people and resources that matter, and make better decisions when every second counts.”
GlobalMed CEO Joel E. Barthelemy said the partnership adds “AI-powered, intelligent situational awareness to the healthcare encounter.” He said it makes systems agencies already use “smarter, more connected, and even more responsive.”
Trading Metrics, Technical Analysis
Iveda has a market capitalization of approximately $4.24 million. Its stock has traded between a 52-week high of $2.24 and a 52-week low of $0.21.
IVDA’s Relative Strength Index (RSI) stands at 45.56.
Over the past 12 months, the small-cap stock has dropped 79.78%.
IVDA stock is currently trading close to its 52-week low .
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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