An Arizona-based micro cap is seeing its shares bid up Wednesday morning during pre-market activity after the company announced that its products have been spec’d into the Taoyuan Aerotropolis Project. According to the release, the project is the largest national infrastructure plan consisting of ten major construction projects spanning 4,564 hectares (11,278 acres) beginning this year with completion expected in 2028. This announcement caused traders to bid up shares of Iveda Solutions Inc. (NASDAQ:IVDA).
Iveda Solutions is engaged in offering real-time IP video surveillance technologies. The company provides IoT sensors and devices for various applications such as energy management, smart home, smart building, smart community and patient and eldercare. Its IvedaAI provides AI functions to IP camera and network video recorders and video management systems. The group has a business presence in the U.S. and Taiwan, of which key revenue is derived from Taiwan.
Traders appear to be bullish on the news as shares are currently bid up at $3.61/share (+17.97% implied open for sellers) at the time of writing. It’ll be an interesting morning for this micro cap once the market opens!
