Iveda Appoints Smart City and AI Visionary Mo Bakheit as VP
MESA, Ariz., May 16, 2022 (GLOBE NEWSWIRE) — Iveda (NASDAQ: IVDA), a global provider of smart city digital transformation technologies, artificial intelligence (AI)-based video search technology and devices Internet of Things (IoT) and Management Platforms, announced that it has hired Mo Bakheit as Vice President of Business Development for the company.
Most recently, Bakheit was Principal Partner and Head of Infrastructure for MMGI, a security and risk consultancy focused on business intelligence and capture management. The company has engaged clients focused on the $1 trillion U.S. Infrastructure Upgrade Fund.
When ethereal concepts like smart cities, AI, and machine learning were just ideas, Bakheit was already well established in the fledgling industry we know today. He served as the business lead for the first Department of Homeland Security (DHS)-accredited Secure Smart Cities Reference Architecture and Consortium, an initiative developed to ensure the defense, security, and sustainability of global smart cities. The company he co-founded, Alacera International, developed SENTRIX, the Security Master Plan Reference Architecture created as an overlay for DHS’s National Infrastructure Protection Plan (NIPP) and was a precursor to U.S. law DHS SAFETY Act and Qualified Anti-Terrorism Technologies (QATT) certifications.
In his role as Alacera’s Chief Commercial Officer and Vice President of Strategic Alliances, Bakheit oversaw the creation of the Alacera International Consortium – Arabia (AICS), a group of defense and intelligence companies, which included Ridge Global , Lockheed Martin Transportation and Security Solutions, PWC, Schneider Electric and Cisco Systems. In 2008, this led to the award of the security masterplan contract for King Abdullah Economic City, a $55 billion, 67 square mile Smart City project in Saudi Arabia. The city plan served as a model for five other smart economic cities built in Saudi Arabia.
“Having had the privilege of being mentored by the pioneers of the very first Smart City initiatives, I have been fortunate to team up with the world’s leading suppliers to this industry since 2006,” Bakheit said. “However, when I started to engage with the Iveda leadership team in 2016, I realized how essential the role of AI and IoT was in the digital transformation of cities. of the whole world.”
While at Comstor/GE ITD as Director of Engineering in the late 1990s, he established one of the very first customer and partner labs showcasing Internet Protocol (IP) telephony. IP telephony has quickly become the communications standard, replacing the old PBXs and circuit-switched networks that have been relied on for decades.
Iveda CEO David Ly said, “It is rare to find someone who understands Smart City development from both a financial and technological perspective. Mo’s international business prowess and deep knowledge and experience of smart cities at all levels add another catalyst to Iveda’s growth. Its outstanding reputation in the EMEA (Europe, Middle East, Africa) market makes it an ideal fit for Iveda’s future goals. »
Bakheit received a BA in communications and media studies from the American University in Washington DC and later completed a postgraduate program in international communications.
Iveda® (NASDAQ: IVDA) is the global provider of IvedaAI™ intelligent video search technology, Feel™ and IvedaXpress™ video surveillance products, IvedaPinpoint™ and Iveda Home™ IoT (Internet of Things) platforms. Iveda offers digital transformation technologies for smart city applications. Iveda is headquartered in Mesa, Arizona. Iveda Taiwan (fka MEGAsys) is its wholly owned subsidiary.
This press release contains forward-looking statements. Actual results may differ materially from those expected. Iveda the business is subject to significant risks and uncertainties described in more detail in the Company’s filings with the SEC, including, but not limited to, its registration statement on Form S-1 and Form 10 -12g with the audited financial statements for the year ended December 31, 2021 and December 31, 2020 and its quarterly reports filed thereafter on Form 10-Q. You should not place undue reliance on forward-looking statements as they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond Iveda control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. All forward-looking statements made herein are qualified by these risk factors, and readers are urged to carefully consider these factors. Iveda assumes no obligation to revise these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unforeseen events.
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