SOURCE: AudioEye, Inc.

December 09, 2013 11:16 ET

AudioEye and La Frontera Innovations Select Iveda Solutions Cloud-Hosted Video Surveillance Services for Monitored Affordable Housing Initiative

New Technology Solution Designed to Enhance Independent Extended Living for the Elderly

TUCSON, AZ--(Marketwired - Dec 9, 2013) - AudioEye®, Inc. (OTCQB: AEYE) ("AudioEye" or the "Company"), creator of the Audio Internet™ patented audio browsing and automated publishing technology platform, today announced that, along with La Frontera Innovations ("La Frontera"), it has selected Iveda Solutions, Inc. (OTCBB: IVDA) to provide cloud-hosted video surveillance services via the integration of Software-as-a-Service ("SaaS") platforms to achieve a first-of-its-kind solution for monitored affordable housing for the elderly.

AudioEye is integrating its Audio Internet™ SaaS platform with Iveda Solutions' video surveillance capabilities to deliver a set of behavioral health product lines. La Frontera, a key technology partner for AudioEye, has developed and owns specific affordable monitored housing technologies, including automated prescription delivery systems. La Frontera will utilize the integrated Iveda and AudioEye service platform to enable elderly residents in its affordable housing communities to access private, secured, and monitored technologies that can enhance and extend independent living arrangements for seniors. The technology developed by La Frontera is also designed to significantly reduce the cost of caring for the residents in its extended living communities.

IvedaXpress will play a key role in the centralized management of monitored affordable housing by providing access to real-time and recorded video without the complexities associated with traditional CCTV systems. Furthermore, Iveda's cloud-based systems comply with the requirements of the Health Insurance Portability and Accountability Act ("HIPAA"). When combined with AudioEye's Audio Internet, La Frontera will be able to deliver customized audio tracks to elderly residents, such as "Grandma, it's time to take your medicine." A track for the Audio Internet delivery platform can be developed in the voice of a grandchild, daughter or son of the resident. In addition, Iveda's Video-Surveillance-as-a-Service ("VSaaS") solution will allow family members to view secure real-time or recorded video and engage in face-to-face communication with the resident. AudioEye's Audio Internet will also have the ability to monitor verbal cues from residents and trigger alerts, access monitored services, and provide other features that have been and are being developed by La Frontera.

IvedaXpress is supported by a best-in-class, secure data center. There is no need for a local recording device, such as a DVR, since the video data is stored remotely in the "cloud", thereby eliminating the risk of video footage being destroyed or stolen. Additionally, authorized users can access their live and recorded video remotely -- whenever and wherever they need it most -- from computers, tablets or smartphones.

"La Frontera's vision is to couple affordable senior housing with supportive services and adaptive technologies that will allow seniors to age in place," noted Dr. Dan Raneri of La Frontera. "This is especially critical as the large number of baby boomers begin to reach their golden years in a system that lacks the capacity to meet their growing needs affordably."

"We are developing a large business opportunity within the behavioral health space, powered by our SaaS technology platform," commented Nathaniel Bradley, Chief Executive Officer of AudioEye, Inc. "It will be exciting to see where we can take this, as we believe the technological capabilities developed with La Frontera and Iveda Solutions are inspiring and breakthrough in nature. La Frontera is among the most innovative organizations in behavioral health, and we are continually humbled by their great works in our community."

"We at Iveda Solutions are delighted that our IvedaXpress cloud video hosting service was selected by AudioEye and La Frontera for use in their monitored affordable housing initiative," stated David Ly, Chief Executive Officer of Iveda Solutions, Inc. "I am personally very excited to be partnering with two innovative organizations in the health care industry. From prior encounters, I have learned that the growth of senior populations around the world is rapidly outpacing overall population growth and that there is a great need to provide adequate care for seniors. Our remote, secure patient monitoring solutions can leverage the technology innovations developed by AudioEye and La Frontera. We look forward to enhancing peace of mind for seniors and their families, while extending residence independence through our cloud-based technology. If a picture is worth a thousand words, then the combination of video and audio is priceless."

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. Iveda Solutions 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".

Additional information is available at www.ivedasolutions.com.

About La Frontera Innovations

For more than 45 years, La Frontera Arizona has been committed to working collaboratively with its public and private partners to solve community problems. The organization has the resources and expertise to address issues of behavioral health, housing, family and children's services, employment, crisis intervention, and community and cultural education. La Frontera works hard to build personal responsibility, to stabilize families, and to assist individuals in achieving their recovery goals, thereby strengthening the health and safety of Arizona communities.

La Frontera's resources include:

  • More than 1300 experienced, caring professionals in Arizona and New Mexico
  • Clinics, treatment centers, residential complexes, in-patient and out-patient facilities, and offices in multiple communities around the state;
  • Partnerships with the Arizona Department of Health and the Arizona Health Care Cost Containment System (AHCCCS).

About AudioEye, Inc.

Founded in 2003, AudioEye, Inc. has developed patented Internet content publication and distribution software that enables the conversion of any media into an audio-accessible format and allows for real-time distribution to end-users on any Internet-connected device. The focus of the Company is to provide solutions to create better and more comprehensive access to the Internet, print, broadcast and other media, irrespective of an individual's network connection, device, location, or impairment. AudioEye solutions also include comprehensive E-Learning and E-Commerce systems, along with a variety of Internet publishing products and services.

The Company is headquartered in Tucson, Arizona, and its common stock trades on the OTCQB under the symbol "AEYE".

AudioEye, Inc., Audio Internet and AudioEye are Registered Trademarks of AudioEye, Inc., All Rights Reserved. The systems and technologies described herein are protected all or in part by US7966184, US7653544, US8046229, US8296150, US8260616, US8589169 and patents pending in the U.S. and Internationally. These products enable AudioEye's customers to create and deliver highly scalable accessible voice browsing applications. For more information, please visit www.audioeye.com or call 866.331.5324.

Forward-Looking Statements

This release includes forward-looking statements contained within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in our Form 10-K and other reports filed with the SEC. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • For further information, please contact:

    Nathaniel Bradley
    CEO
    AudioEye, Inc.
    (866) 331-5324

    RJ Falkner & Company, Inc.
    Investor Relations Counsel
    (830) 693-4400
    Email Contact