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 affords real-time monitoring and management, serving to corporations tackle crucial points reminiscent of 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 scale 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 configurations and dimensions, eliminating the necessity for costly inner alternative 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 clients, the know-how allows the group to dispatch refills shortly, making certain that service isn’t disrupted.
The intermediate bulk container (IBC) and steel drum market dimension is projected to develop to $24.1B+ by 2030, and secure storage and transportation of steel drums was included as one of many high development alternatives for the {industry}.
Leveraging IoT sensors, particularly people who work with present gear to speak the information to the LevelNOW platform–instantly addresses this development alternative and permits the system to take data-informed motion on behalf of the human, rising accuracy and effectivity, too.
“This innovation comes from being within the subject with our clients and really listening to their wants and needs,” 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 gear over reinventing the wheel. Not solely does this present main value financial savings, but additionally saves time as customers don’t must study to function new gear. By enhancing our LevelNOW resolution by means of this new patent, Iveda is underscoring its dedication to industry-specific innovation that simplifies on a regular basis workflows.”
Because the launch of LevelNOW in Could, Iveda has already offered a whole lot of items, demonstrating the answer’s effectiveness by means of 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 provide the advantage of real-time clever knowledge administration for all who deal with 200-liter containers. As a earlier government on the largest container and drum firm on the 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 clients.”
By enhancing security, enhancing operational effectivity, and offering tangible financial savings, LevelNOW is revolutionizing liquid storage administration, making it a vital software for corporations seeking to shield their property and enhance profitability.