Iveda Solutions(R) Welcomes Two Cloud Computing Experts to Advisory Board
MESA, ARIZ. -- (Marketwired) -- 10/15/13 -- Iveda Solutions(R)
(OTCBB: IVDA), the pioneer in cloud video hosting technology, today
announced the addition of two new members to its Advisory Board.
Dr. Joseph Lee is chief technology officer at 21Vianet, the largest
carrier-neutral Internet data center services provider in China.
21Vianet provides hosting, managed network and cloud computing
infrastructure services. The company operates in 42 cities throughout
China, serving a diversified and loyal base of customers that span
many industries, ranging from Internet companies to government
entities and blue-chip enterprises to small- and mid-sized
businesses. Before joining 21Vianet, Lee served as national
technology officer for Microsoft China. Prior to that, Lee was
managing director of Optoelectronics Research Lab Institute at the
Hong Kong Applied Science and Technology Research Institute and vice
president of manufacturing and engineering at New Focus, Inc. Over
the course of his career, he has held numerous management positions
at Lucent Technologies, AT&T, EXXON Research and Engineering Lab and
Owens Corning Fiberglass Research Center.
"Dr. Lee's innovative mindset and expansive experience should prove
highly valuable to Iveda Solutions as we develop our technology
roadmap," stated David Ly, chief executive officer of Iveda
Solutions, Inc. "He will assess all aspects of our technology and
guide its evolution to assure the utmost scalability and feasibility
in current and future markets. Dr. Lee's leadership within the Cloud
Computing industry will assist Iveda Solutions in the development and
effective marketing of strategic, technically robust solutions
designed for adoption by major 'cloud' providers with mass
distribution capabilities. We are confident that his ability to build
upon a technical vision and see it through to mass commercialization
will prove invaluable to Iveda Solutions' success."
Lee completed his Ph.D. in Electrical Engineering at Iowa State
University, his M.S. Degree in Electrical Engineering at State
University of New York, and his B.S. Degree in Electrical Engineering
at the National Chiao-tung University in Taiwan.
Dr. Eric Chen is th
e founder and chief executive officer of
ProphetStor Data Services, Inc., a Hong Kong-based company that
provides elastic business data service solutions, including
user-friendly and cost-effective storage capabilities for Cloud
Computing and Big Data. From 2000 to 2012, Chen was vice president
and general manager of FalconStor Software, Inc., where he was
responsible for operations, research and development, marketing and
sales in the Asia Pacific Region. Prior to joining FalconStor, he was
a technical staff member at IBM Networking Systems in Research
Triangle Park, North Carolina. Chen received his Ph.D. and Master's
Degree in Computer and Information Sciences from Ohio State
University and his Bachelor's Degree in Electrical Engineering from
National Taiwan University. He later became an Associate Professor at
National Chung-Hsing University in Taiwan.
"Dr. Chen's expertise in Cloud Storage and Data Services Technology
for large-scale cloud data management will provide our Company with
valuable guidance and perspective as we build out our Sentir platform
and storage infrastructure to support market scalability," noted Ly.
"His company has also developed proprietary technology that Iveda
Solutions can leverage in building its state-of-the-art storage
solution for Cloud Video Hosting. Chen's recent experience in
large-scale video surveillance projects in China will bolster our
insights regarding best practices for 'big data' storage
Chen and Lee will join Robert Derks on the Iveda Solutions Advisory
Derks is an early "seed" investor in Iveda Solutions. He is the
founder and was the chief executive officer of Long Canyon Coal LLC,
where he developed and executed a strategic plan for coal properties
in Virginia and Kentucky based on a low-fixed-cost business model.
Derks served as a member of the board of directors of WOW Energy
Inc., which developed renewable energy and environmental projects
with patented technology. In 2001, Derks joined Carmeuse North
America, a major lime producer with over $500 million in annual
revenue, as president and chief executive officer. He later served as
president of its board of directors for several years. He currently
serves on the board of directors of Chieftain Sand and Proppant.
Derks graduated magna cum laude from Central Michigan University with
a B.S. Degree in Marketing and Economics and received his Master's
Degree in Business from Pepperdine University.
The Iveda Solutions Advisory Board was established to bring together
an international group of high-caliber professionals with diverse
backgrounds and expertise involving video surveillance, cloud
computing, the Internet and other technologies. The role of the
Advisory Board is to provide expert and objective advice, market and
competitive intelligence, and networking opportunities that can
advance the Company's global growth strategy within the $40 billion
About Iveda Solutions, Inc.
Iveda Solutions, Inc. (OTCBB: IVDA) is a
premier cloud video hosting service provider, a technology innovator,
and a provider of enterprise-class Video Surveillance as a Service
("VSaaS") solutions. The Company has received a SAFETY Act
Designation from the Department of Homeland Security as a Qualified
Anti-Terrorism Technology Provider.
The Company is headquartered in Mesa, Arizona and has a subsidiary in
Taiwan (MEGAsys). Its common stock trades on the OTC Bulletin Board
and OTCQB under the symbol "IVDA". For additional information call
(800) 385-8616 or visit www.ivedasolutions.com.
This release includes forward-looking statements. Actual results may
vary materially from those expected. Iveda Solutions' business is
subject to significant risks and uncertainties described more
thoroughly in the Company's SEC filings, including but not limited to
its report on Form 10-K for the year ended December 31, 2012 and its
subsequently filed quarterly reports on Form 10-Q. All
forward-looking statements made herein are qualified by such risk
factors, and readers are advised to read consider such factors
carefully. Iveda Solutions undertakes no obligation to revise these
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated events.
Carrie R. Foote
Public Relations Manager
RJ Falkner & Company, Inc.
Investor Relations Counsel
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