Iveda Patents Industry-First IoT Sensor for Liquid Storage Management

SeniorTechInfo
3 Min Read

The Future of Liquid Storage Management: Iveda’s LevelNOW Solution

When it comes to industries like oil and gas, efficient monitoring of liquid storage is crucial. Billions of dollars are invested annually in liquid storage infrastructure, making the need for real-time tracking and monitoring solutions more pressing than ever. This is where Iveda (NASDAQ: IVDA) steps in with its groundbreaking LevelNOW solution.

LevelNOW is Iveda’s next generation tracking and monitoring solution, designed to address critical issues such as leaks, evaporation, and theft during liquid transit and storage. By providing operators with accurate data and timely alerts, LevelNOW aims to reduce costly losses and improve operational efficiency.

What sets LevelNOW apart is its customizable IoT sensor, covered by a new patent from Iveda. This sensor can measure liquid levels externally on containers of various sizes and shapes, eliminating the need for expensive internal replacement sensors.

Already making waves in the industry, Iveda’s LevelNOW solution is transforming customer care for a major oil company in Australia. By enabling quick dispatch of refills as oil levels run low, the technology ensures uninterrupted service for customers.

The global market for intermediate bulk containers (IBC) and metal drums is projected to exceed $24.1 billion by 2030, with safe storage and transportation being identified as a key growth opportunity. Iveda’s LevelNOW solution, leveraging IoT sensors, directly addresses this opportunity by improving accuracy and efficiency in data monitoring and management.

“This innovation stems from our commitment to listening to our customers’ needs and desires,” said David Ly, CEO and founder of Iveda. “By enhancing LevelNOW through this new patent, we are simplifying everyday workflows for industry professionals, while focusing on cost savings and operational efficiency.”

Since its launch in May, Iveda has seen strong market acceptance of LevelNOW, with hundreds of units already sold. This success underscores the solution’s effectiveness and potential for wider adoption across various industries.

Rakesh Takoo, Managing Director of Auzpack, emphasized the value of LevelNOW for the oil and gas industry, noting its real-time intelligent data management capabilities for liquid storage. With LevelNOW, Iveda is providing reliable and efficient solutions for long-standing challenges in the industry.

By enhancing safety, operational efficiency, and cost savings, LevelNOW is revolutionizing liquid storage management and becoming a must-have tool for companies looking to protect their assets and drive profitability.

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