Iveda Solutions shares surge 42.21% after-hours on new Egypt manufacturing partnership.

Iveda Solutions surged 42.21% in after-hours trading following the announcement of a tri-lateral manufacturing partnership with Egypt’s AOI Electronics and ZeroTech to localize production of its Iveda360 360-degree AI surveillance camera. The collaboration targets Egypt’s $582 million CCTV market, with the company projecting a 360-camera market expansion from $14.28 million in 2024 to $76.31 million by 2033. This strategic move positions Iveda to leverage Egypt’s growing demand for AI-driven security solutions while establishing the country as an export hub. The partnership aligns with Iveda’s broader localization strategy, previously demonstrated in smart city and AI surveillance contracts, and has galvanized investor optimism about long-term revenue growth.