FOR IMMEDIATE RELEASE: January 3, 2018

CONTACT:
Wanda Lopez
POEM Technology
844-763-6832
wlopez@poemtechnology.com

LETTER OF INTENT SIGNED FOR 1,000 iLEVEL® SYSTEMS FROM POEM TECHNOLOGY
Enables production ramp up for advanced, internet-based oil tank monitoring solution

PLAINVIEW, NY: A major Long Island oil delivery service has signed a letter of intent to acquire 1000 iLevel systems from POEM Technology. iLevel is an innovative, internet-based tank monitoring system with proprietary gauges designed to be retrofitted to virtually any residential or commercial oil tank, and connect to the web in as little as 10 minutes. The cloud-based system includes a delivery dashboard that integrates with distributors’ back-office systems, letting them see real-time oil levels and precise ullage (deliverable amounts) for all tanks in their customer base. By eliminating guesswork and “K-factor” estimates, iLevel helps distributors reduce oil deliveries by 35% — at an average cost of $125 per delivery. read more…