Iveda 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 announced 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 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 for 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. 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 into the smart city ecosystem by bridging data, orchestrating efficient delivery with GPS.

Cerebro serves to manage all aspects of a smart city by processing information and acting on behalf of the citizens and city officials.