Iveda (NASDAQ: IVDA), the worldwide resolution for cloud-based AI, introduced a brand new patent pending for LevelNOW, its subsequent technology monitoring and monitoring resolution for effectively monitoring liquid storage and administration.
In industries like oil and fuel, the place billions of {dollars} are invested yearly in liquid storage infrastructure, LevelNOW presents real-time monitoring and management, serving to firms tackle crucial points corresponding to leaks, evaporation, and theft throughout liquid transit and storage. By offering operators with correct knowledge and well timed alerts, this first-of-its-kind resolution goals to cut back expensive losses and enhance operational effectivity.
Iveda’s new patent covers LevelNOW’s customizable IoT sensor. This sensor can measure liquid ranges externally on containers of varied shapes and sizes, eliminating the necessity for costly inner substitute sensors.
Iveda’s LevelNow resolution is already remodeling buyer take care of a significant oil firm in Australia. As oil runs low for his or her prospects, the know-how permits the group to dispatch refills rapidly, guaranteeing that service is rarely disrupted.
The intermediate bulk container (IBC) and metallic drum market dimension is projected to develop to $24.1B+ by 2030, and secure storage and transportation of metallic drums was included as one of many high progress alternatives for the {industry}.
Leveraging IoT sensors, particularly those who work with current tools to speak the information to the LevelNOW platform–instantly addresses this progress alternative and permits the system to take data-informed motion on behalf of the human, growing accuracy and effectivity, too.
“This innovation comes from being within the area with our prospects and actually listening to their wants and wishes,” mentioned David Ly, CEO and founding father of Iveda. “When Iveda develops a brand new resolution for a buyer ache level, we all the time prioritize working with their pre-existing tools over reinventing the wheel. Not solely does this present main price financial savings, but additionally saves time as customers don’t must study to function new gear. By enhancing our LevelNOW resolution via this new patent, Iveda is underscoring its dedication to industry-specific innovation that simplifies on a regular basis workflows.”
For the reason that launch of LevelNOW in Could, Iveda has already bought a whole lot of models, demonstrating the answer’s effectiveness via profitable deployment, and indicating sturdy market acceptance and the potential for wider adoption.
“Offering a crucial partnership for the oil and fuel {industry}, Iveda has demonstrated its dedication to creating options that make our jobs simpler,” mentioned Rakesh Takoo, Managing Director of Auzpack. “With LevelNOW, we’re capable of supply the advantage of real-time clever knowledge administration for all who deal with 200-liter containers. As a earlier govt on the largest container and drum firm on this planet, I’ve seen firsthand the challenges inside liquid storage administration; with LevelNOW, Iveda is fixing decades-old issues, offering dependable and environment friendly options for our prospects.”
By bettering security, enhancing operational effectivity, and offering tangible financial savings, LevelNOW is revolutionizing liquid storage administration, making it a necessary instrument for firms seeking to defend their property and enhance profitability.