Numerex Corp. announced Tuesday the PTCRB certification of nxTANK, a LTE tank monitoring device operating on the LTE network. The PTCRB was established in 1997 as the certification forum by select North American cellular operators as a critical network testing framework for new devices. nxTANK uses sensors to remotely measure and communicate tank fill levels for lubes and fuels, petroleum products and other bulk liquids like water, chemicals and CO2 that are used in industrial applications.
These tank monitoring solutions are typically delivered by national and regional distribution companies to their customers. To develop this product and complete the successful testing, Numerex brought to bear its extensive experience in device development, certification, and platform integration.
Numerex is a vendor of managed enterprise solutions enabling the Internet of Things (IoT). Its solutions produce new revenue streams or create operating efficiencies for its customers. Numerex provides its technology and services through its integrated platforms, which are generally sold on a subscription basis. The company offers a portfolio of managed end-to-end IoT solutions including smart devices, network connectivity and service applications capable of addressing the needs of a wide spectrum of vertical markets and industrial customers, and aims to empower enterprise operations with managed IoT solutions that are scalable and secure.
nxTANK LTE adds an additional tank monitoring product to Numerex’s remote monitoring device portfolio. nxTANK will integrate with the iTank solution that allows remote monitoring of tank fill levels and configuration of delivery and distribution routes using an advanced, cloud-based IoT application.
iTank is a managed solution that includes a device and a sensor, combined with network connectivity, and a dedicated application that enables monitoring and data intelligence in a variety of use cases for single tanks and tank farms, including those that require intrinsically safe environments and GPS tracking like propane gas tanks. iTank can be used to monitor virtually any bulk fluid – water, petroleum products, chemicals or liquid gases.
iTank, a Numerex solution, is a managed service designed to allow distributors of bulk lubes and fluids, propane gas, and other liquids to remotely monitor tank fill levels and optimize distribution routes. Purpose-built to improve logistics, inventory management, and route planning, iTank is a perfect fit for distributors who wish to increase operational efficiencies, reduce miles driven, eliminate emergency deliveries and improve ROI.
More than just a tank monitoring device, iTank is an end-to-end, cloud-based, highly scalable service delivery platform that provides access to accurate tank level data, reports, and route schedules via an intelligent, web-based management portal. With iTank, users can immediately improve customer satisfaction with minimal startup costs, low monthly fees and world class customer service.
iTank hardware is installed on all types of tanks including propane, heating and heavy oil, diesel, lubricants and water and can monitor parameters such as fuel temperature or the status of a burner or any other relay.
Berg Insight’s latest analyst report on the Oil and Gas Industry reports that the installed base of active oil & gas M2M devices is forecasted to grow to 1.12 million units by 2018. Berg Insight also anticipates that pipeline monitoring and tank monitoring will be the top two M2M/IoT applications in the oil & gas industry.
Other market estimates conclude that in North America alone, there are approximately 4 million unmonitored tanks across many different vertical markets, representing a significant opportunity for an Internet of Things remote tank monitoring solution.
Ken Gayron, Interim CEO and CFO for Numerex commented, “Numerex is excited to develop and certify a new LTE tank monitoring device. The nxTANK monitor with new LTE capability will further grow Numerex’s revenue and increase penetration into this expanding vertical market, bringing the cost of network services down while boosting profit and margin for our iTank managed solution.”
In March, Numerex releases the nxCONNECT, a wireless LTE backup service for businesses that depend on high speed internet service for their business connectivity. nxCONNECT ensures the continuity of service by using Numerex’s cellular network service as a backup connection in the event of broadband network outages.
Multiple System Operators (MSOs) and Communications Service Providers (CSPs) face a serious problem when the impact of service interruptions caused by network outages bring their customers’ business to a grinding halt. When broadband services go down, mission critical functions such as point-of-sale (POS), customer service and communications go with it. nxCONNECT ensures that businesses avoid the pain of broadband service outages, delivering a fast, reliable, wireless LTE backup service.