Iveda: Revolutionizing Liquid Storage Management with AI-Driven Solutions

Iveda (NASDAQ: IVDA), a global leader in AI-driven video analytics and IoT-based intelligent solutions, has been making significant strides in revolutionizing various industries with its innovative products. One of the company's standout achievements in 2024 was the launch of LevelNOW™, an industry-first customizable IoT sensor solution for remote monitoring and control of liquid storage management. This groundbreaking technology addresses critical challenges faced by the oil and gas industry, offering substantial cost savings and operational efficiency gains for customers.



LevelNOW™: A Game Changer in Liquid Storage Management
Iveda's LevelNOW™ solution is designed to efficiently monitor and manage liquid storage, particularly for oil and gas companies. The technology features two distinct sensor types: a standard cap valve for 200-liter drums and an external sensor suited to various container sizes. This customizable IoT sensor eliminates the need for expensive internal replacement sensors, providing major cost savings for customers.

Key benefits of LevelNOW™ include real-time monitoring of liquid levels, an AI-driven platform for cost savings, enhanced operational efficiency, and timely refills. By addressing critical issues such as leaks, evaporation, and theft during liquid transit and storage, LevelNOW™ helps companies protect their assets and boost profitability.

Early Adoption and Market Potential
LevelNOW™, which currently holds two filed patents, has already begun deployment with a major Australian oil company. This partnership is poised for significant scaling and growth, demonstrating the solution's effectiveness and market potential. The intermediate bulk container (IBC) and metal drum market size is projected to grow to $24.1B+ by 2030, presenting a substantial opportunity for LevelNOW™ to address the safe storage and transportation of metal drums.



Iveda's Commitment to Industry-Specific Innovation
David Ly, CEO and founder of Iveda, emphasized the company's dedication to developing solutions that address customer pain points and simplify everyday workflows. By enhancing LevelNOW™ through a new patent, Iveda is underscoring its commitment to industry-specific innovation that works with pre-existing equipment, providing major cost savings and saving time for users.

Partnerships and Collaborations
Iveda has formed strategic partnerships and collaborations with various organizations to expand its reach and enhance its offerings. For instance, the company has partnered with Auzpack, a leading provider of container and drum solutions, to offer real-time intelligent data management for 200-liter containers. This collaboration demonstrates Iveda's commitment to providing critical partnerships for the oil and gas industry, making its jobs easier and more efficient.

Looking Ahead
As Iveda continues to innovate and expand its product portfolio, the company remains well-positioned to capitalize on the growing demand for AI-driven solutions across various industries. With its cutting-edge technologies and commitment to customer satisfaction, Iveda is poised to make a significant impact on the global stage.

In conclusion, Iveda's LevelNOW™ solution is revolutionizing liquid storage management in the oil and gas industry by providing real-time monitoring, cost savings, and enhanced operational efficiency. With its commitment to industry-specific innovation and strategic partnerships, Iveda is well-equipped to address the growing needs of customers and continue its growth trajectory in the years to come.

Important note: Investors are reminded to do their due diligence and not rely on the information provided as financial advice. Consider this article as supplementing your required research. Please always apply independent thinking.