Iveda Solutions Inc.
08/21/2024 | Press release | Distributed by Public on 08/21/2024 09:00
Iveda Integrates IvedaCare and IvedaAI at AZ Senior Living Facility, Serving as the Blueprint for Remote Patient Monitoring to Support $1.032 Billion VA Contract
MESA, Ariz., August 21, 2024 - Iveda® (NASDAQ: IVDA), the global leader in cloud-based AI, today announced that Waymark Gardens, a senior living facility in Glendale, AZ, has expanded its use of Iveda's sensor-based, HIPAA-compliant solution, IvedaCare, with the integration of IvedaAI™. IvedaAI--the world's fastest AI video search platform, enabling real-time object and incident detection--will be deployed in public spaces to enhance safety and operational efficiency. IvedaAI is now deployed in Waymark Gardens' public corridors, allowing for real-time detection of falls and other critical incidents, ensuring swift responses and added security for both residents and staff. This powerful combination of IvedaCare and IvedaAI provides a comprehensive solution for senior living facilities across the nation, further advancing the execution of Iveda's subcontract with Movement Interactive under the $1.032 billion, eight-year Veterans Affairs contractfor remote patient monitoring.
IvedaCare works privately with camera-less sensors to track movement patterns, while IvedaAI utilizes existing cameras in public areas to provide intelligent monitoring. This ideal pairing ensures real-time detection of falls in communal areas, such as courtyards and hallways, in addition to remotely monitoring residents in their living spaces.
"We're excited to announce that--in tandem with this news--IvedaCare recently won the 2024 Excellence in AI Award, presented by Digital Revolution, for its outstanding application of AI in enhancing senior care," says David Ly, CEO + Founder at Iveda. "We're beginning to see real momentum on the VA contract awarded to us in 2023. Facilities using IvedaCare for remote patient monitoring are now discovering the enhanced capabilities of IvedaAI. Waymark Gardens' adoption of IvedaAI is a showcase and testament to the growing value of these solutions."
Waymark Gardenshas been a proud early adopter of IvedaCare. Residents' units are equipped with an IvedaCare starter kit, featuring motion and door/cabinet sensors that monitor activity and trigger real-time alerts for abnormal behavior, such as falls. IvedaCare's AI backend interprets motion patterns to accurately notify caregivers and family members of potential concerns, providing peace of mind while allowing seniors to maintain their independence.
Dr. Eric Luster, CEO of Movement Interactive, whose fall detection sensors will integrate with IvedaCare, is a driving force behind the Remote Patient Monitoring Veterans Affairs contract. Dr. Luster commented, "Waymark Gardens has set the standard for senior living with IvedaCare and IvedaAI. Their residents' feedback has been invaluable, shaping the future of our technology. Beyond Waymark Gardens, we've begun integrating our services at numerous facilities. The momentum continues to build as we engage with industry leaders at events like the BMI Summit and IUCRC BRAIN, where interest in our solutions is growing. Our eight-year VA contract is gaining traction, and we're seeing real-world results. It's truly rewarding to hear how these technologies are positively impacting the lives of both residents and caregivers."
Residents and staff alike have praised the system. One Waymark Gardens resident shared, "I've never heard from my son more than after he was added to my IvedaCare family circle. It gives him peace of mind knowing he'll be alerted if something happens, and I feel safer too."
By combining the capabilities of IvedaCare and IvedaAI, Waymark Gardens has become a model for senior care innovation. IvedaCare's award-winning, camera-less, private solution delivers unparalleled safety and independence for residents, while the IvedaCare mobile app allows loved ones to monitor their well-being remotely with real-time alerts.
For more information on IvedaCare and IvedaAI, or to see how they may be implemented in your facility, contact [email protected].
About Iveda Solutions®
Iveda (NASDAQ: IVDA) provides global solutions for cloud-based video AI search and surveillance technologies that protect the people, places, and things that matter most. Iveda's technology delivers instant intelligence to existing infrastructure, enabling cities and organizations worldwide to seamlessly enter the fifth industrial revolution. Iveda operates at the forefront of the digital transformation of cities across the globe, using IoT platforms with smart sensors and devices to support public safety, security, elderly care, energy efficiency, and environmental preservation. Headquartered in Mesa, Arizona, with a subsidiary in Taiwan, Iveda is publicly traded under the ticker symbol "IVDA."
About Movement Interactive
Movement Interactive Inc. is dedicated to enabling longevity by addressing current health concerns and preventing future problems. The company developed the patented Hiji®Sense, a sock-worn wearable sensor that detects and predicts falls, ensuring at-home and in-residence safety. Movement Interactive's portfolio includes wearable sensors for detecting head impacts in athletes and the military, a mobile application that provides critical impact-related information, and a delivery system through compression gear called 'RecoFit.' Movement Interactive is a Service-Disabled Veteran-Owned Small Business (SDVOSB) committed to person-centered design, headquartered in Phoenix, Arizona.
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