Iveda® (NASDAQ: IVDA), the global solution for cloud-based AI, announced the launch of LevelNOW, a next-generation tracking and monitoring solution for efficient liquid storage management.
A first-of-its-kind solution, LevelNOW targets oil and gas companies, industrial and commercial organizations, and government agencies and officials responsible for environmental compliance and resource management.
LevelNOW provides advanced fluid monitoring, GPS tracking, and real-time alerts to enhance operational efficiency, ensure environmental compliance, and provide critical cost savings for customers. Iveda is pleased to announce it has received an initial order of 1,000 LevelNOW units from one of Australia’s leading oil companies.
According to MarketsandMarkets, the global tank-level monitoring system market is expected to grow to $1,057 million by 2025. As the market continues on an upward trajectory, Iveda is transforming the way companies oversee oil and other fluid levels in remote tanks and containers by developing innovative IoT-based solutions that address the needs of specific industries and use cases.
Iveda has tailored the LevelNOW solution to fit seamlessly with existing tank equipment and fitments, addressing the unique needs of customers across various industries.
“Iveda remains dedicated to solving the real-world problems of our customers. Listening to the specific needs of oil and gas companies, we recognized the potential that our AI-backed technology has as it relates to liquid storage management and monitoring,” said David Ly, CEO and founder of Iveda. “Iveda is focusing on building long-term partnerships and is currently working on building up our comprehensive smart city platform, Cerebro, to integrate IoT technologies like LevelNOW to provide a complete ecosystem of connected services. With one cohesive system, oil and gas companies can ensure all aspects of the operation are communicating simultaneously. Not only does this help to keep employees out of harm’s way, but also provides major cost savings.”
LevelNOW is equipped with two different components, including:
- LevelNOW Control Box: A patent-pending IoT device designed for precise level measurement and data management, integrated with Iveda’s powerful analytics platform to offer a complete solution for tracking, monitoring, and reporting on liquid assets.
- Iveda’s Smart City Platform, Cerebro: This IoT technology connects to the smart city ecosystem by bridging data, and orchestrating efficient delivery with GPS. Cerebro serves to manage all aspects of a smart city by processing information and taking action on behalf of the citizens and city officials.
“Through this launch, Iveda is positioning itself as a leading provider of remote fluid management solutions, delivering innovative, reliable, and user-friendly products that simplify operations, optimize supply chains, and integrate seamlessly into existing workflows and operating systems,” said Rakesh Takoo, Managing Director of Auzpack. “LevelNOW offers advanced features and capabilities including GPS tracking, remote level readings, long battery life, and solar power option – that are not readily available in the current marketplace, which is often dominated by niche and expensive solutions. With Iveda’s LevelNOW solution, gas and oil companies for the first time have access to liquid storagement management that meets specific industry needs.”
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