OneBridge Teams Up with Phillips 66 to Develop Advanced Pipeline Integrity Management SAAS Solution

Edmonton, Alberta, Canada (January 12, 2018) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS, OTC:OSSIF) is pleased to announce that its wholly owned subsidiary, OneBridge Solutions, Inc. (“OneBridge”), has entered into a technology license and joint development agreement with Phillips 66 to create a comprehensive pipeline integrity management software application, by migrating Phillips 66’s current pipeline data management system (“PT-DMS”) to a cloud-based software-as-a-service (“SaaS”) solution and integrating Machine Learning and other Data Science technologies into the application (“Integrity Management Solution” or “IMP”). IMP will be designed to integrate transparently with OneBridge’s Cognitive Integrity ManagementTM (“CIM”) solution and is targeted for use globally by oil and gas pipeline operators.

“This development project with Phillips 66 represents an important milestone for OneBridge,” said Tim Edward, President. “Our vision at the outset was to develop a cloud application that enables pipeline operators to manage their pipeline assets as smart infrastructure.  CIM’s machine learning and data science components made achievement of this objective possible, and integration of these components to leverage the high level of industry expertise embedded in PT-DMS will further evolve our vision.”

“We are pleased and encouraged that Phillips 66 chose OneBridge to help advance their pipeline integrity platform” said Brandon Taylor, CTO of OneBridge.  “PT-DMS is one of the most comprehensive and sophisticated pipeline management solutions within the industry today, which will ease migration to the cloud and reduce time-to-market for IMP. Microsoft continues to provide strong technical, marketing and sales support for OneBridge products, and we will continue to leverage the latest Azure and data science technology in the development of IMP.  We are grateful for both Phillips 66’s and Microsoft’s collaborative efforts to assist us to create software to advance the pipeline industry’s collective objectives of operating cost reduction and zero pipeline failures.”

 

About the Integrity Management SaaS Program

 

PT-DMS is a comprehensive, on-premise software solution developed by Phillips 66 as a key tool to aid in its pipeline infrastructure management process. The software addresses numerous key functional areas including: assessment plan tracking; maintaining assessment attributes; integrity management process planning based on multiple tool technologies; planning and scheduling activities for internal engineers, field teams, and tool vendors; analyses of data integrity in compliance with API 1163 regulations, general industry standards, internal company policies and priorities; anomaly worklist tracking that accommodates specific actions on a per anomaly basis; and all reporting associated with these functions. PT-DMS also addresses supporting functions including data ingestion tools; GPS and data maintenance utilities; workflows; job process queues; integrated security; and other peripheral features and functions that further supplement data management and tasks addressed by PT-DMS.

Pursuant to the terms of the agreement, OneBridge will migrate PT-DMS onto Microsoft’s Azure Cloud Platform and Services to create IMP, which will be designed to integrate seamlessly with CIM. The development project will commence immediately, with the expectation to engage private preview customers to provide input and feedback commencing in calendar Q2 2018, with market commercial availability of the initial version of IMP projected to occur in calendar Q4 of 2018. OneBridge believes that CIM and IMP will provide compelling, comprehensive and cost-effective solutions for Tier 1 oil and gas pipeline operators that wish to accelerate their digital transformation, and also for Tier 2 and Tier 3 pipeline operators that typically engage outside consultants for integrity management services rather than allocate the significant resources required to internally develop complex software systems to manage their pipelines.

About OneSoft Solutions and OneBridge

OneSoft has developed software technology and products that have capability to transition legacy, on premise licensed software applications to operate on the Microsoft (NASDAQ “MSFT”) Cloud, in conjunction with Office 365, CRM Online, Microsoft BI and Microsoft Azure Machine Learning. OneSoft’s business strategy is to seek opportunities to convert legacy business software applications that are historically cumbersome to deploy and costly to operate, to a more cost-efficient subscription-based business model utilizing the Microsoft Azure Cloud Platform and Services, with accessibility through any internet capable device. Visit www.onesoft.ca for more information. For more information regarding this announcement, refer to the Material Change report filed on www.SEDAR.com.

OneBridge develops and markets revolutionary new SaaS solutions that use data science and Machine Learning to conduct predictive analytics on big data for the Oil & Gas pipeline industry, which assists operators to predict pipeline failures and thereby save lives, protect the environment, reduce operational costs and address regulatory compliance requirements.

Visit www.onebridgesolution.com for more information.

 

For more information, please contact

Dwayne Kushniruk, CEO

dkushniruk@onesoft.ca

(780) 437‐4950

Sean Peasgood, Investor Relations

Sean@SophicCapital.com

(416) 565-2805

 

Forward-looking Statements

This news release contains forward-looking statements relating to the future operations, product creation revenues and profitability of the Company, the Company’s efforts to develop and commercialize the technology with the capabilities, and Phillips 66’s ability to use the technology, as described, and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expects”, “believe”, “will”, “intends”, “plans” and similar expressions. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking information is provided for the purpose of delivering information about management’s current expectations and plans relating to the future. Investors are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.

In respect of the forward-looking information and statements, the Company has placed reliance on certain assumptions that it believes are reasonable at this time, including expectations and assumptions concerning, among other things: interest and foreign exchange rates; planned synergies, capital efficiencies and cost-savings; applicable tax laws; the sufficiency of budgeted capital expenditures in carrying out planned activities; the availability and cost of labour and services; the efficacy of its software, its ability to complete projects to expected deadlines, the success of growth projects; future operating costs; that counterparties to material agreements will continue to perform in a timely manner; that there are no unforeseen events preventing the performance of contracts; and that there are no unforeseen material development or other costs related to current growth projects or current operations. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Since forward-looking information addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to many factors and risks. These include, but are not limited to the risks associated with the industries in which the Company operates in general such as: costs and expenses; interest rate and exchange rate fluctuations; competition; human capital engagement and availability, ability to access sufficient financial capital from internal and external sources; and changes in legislation, including but not limited to tax laws.

Readers are cautioned that the foregoing list of factors is not exhaustive. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities within the United States. The securities to be offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act or other laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Another US-Based Fortune 500 Company Adopts Onesoft’s CIM Solution for Pipeline Integrity Management and Data Analytics

Edmonton, Alberta, Canada (January 11, 2018) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS, OTC:OSSIF) is pleased to announce that its wholly-owned subsidiary, OneBridge Solutions, Inc. (“OneBridge”), has entered into an agreement with another Fortune 500 company (the “Client”) to use Cognitive Integrity ManagementTM (“CIM”) as an integral component of its pipeline integrity management process. CIM is a SaaS solution that incorporates proprietary machine learning algorithms and other data science components of Microsoft Azure and cloud technologies to manage and conduct predictive analytics on big data pertaining to oil and gas pipelines.

“We are pleased that another customer who initially commenced using CIM on a pilot project trial basis has now transitioned to use CIM on an ongoing, commercial basis” said Tim Edward, President of OneBridge. “This corroborates our belief that machine learning and data science cloud technologies can deliver better data management and analytics than legacy solutions provide, and that incorporating CIM as an integral component of pipeline integrity management provides a high-value proposition for pipeline operators.”

The Client is a USA-based company, which together with its subsidiaries, is one of the largest petroleum product refiners, marketers and transporters in the United States. Its operations include multiple refineries, comprehensive terminal and transportation systems, extensive wholesale divisions and one of the largest chains of company-owned and operated retail gasoline and convenience stores within the USA. The Company’s major projects include significant investments in software and technology to streamline operations, reduce costs and provide for future growth. A plan to incorporate the Client’s use of CIM through calendar 2018 has been determined, which services will commence immediately.

About OneSoft Solutions and OneBridge

OneSoft has developed software technology and products that have capability to transition legacy, on-premise licensed software applications to operate on the Microsoft (NASDAQ “MSFT”) Cloud, in conjunction with Office 365, CRM Online, Microsoft BI and Microsoft Azure Machine Learning. OneSoft’s business strategy is to seek opportunities to convert legacy business software applications that are historically cumbersome to deploy and costly to operate, to a more cost-efficient subscription-based business model utilizing the Microsoft Azure Cloud Platform and Services, with accessibility through any internet capable device. Visit www.onesoft.ca for more information.

OneBridge develops and markets revolutionary new SaaS solutions that use data science and Machine Learning to apply predictive analytics to big data for the Oil & Gas pipeline industry, which assists operators to predict pipeline failures and thereby save lives, protect the environment, reduce operational costs and address regulatory compliance requirements.

Visit www.onebridgesolution.com for more information.

 

For more information, please contact

Dwayne Kushniruk, CEO

dkushniruk@onesoft.ca

(780) 437‐4950

Sean Peasgood, Investor Relations

Sean@SophicCapital.com

(416) 565-2805

Forward-looking Statements

This news release contains forward-looking statements relating to the future operations, product creation revenues and profitability of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expects”, “believe”, “will”, “intends”, “plans” and similar expressions. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking information is provided for the purpose of delivering information about management’s current expectations and plans relating to the future. Investors are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.

In respect of the forward-looking information and statements, the Company has placed reliance on certain assumptions that it believes are reasonable at this time, including expectations and assumptions concerning, among other things: interest and foreign exchange rates; planned synergies, capital efficiencies and cost-savings; applicable tax laws; the sufficiency of budgeted capital expenditures in carrying out planned activities; the availability and cost of labour and services; the efficacy of its software, its ability to complete projects to expected deadlines, the success of growth projects; future operating costs; that counterparties to material agreements will continue to perform in a timely manner; that there are no unforeseen events preventing the performance of contracts; and that there are no unforeseen material development or other costs related to current growth projects or current operations. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Since forward-looking information addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to many factors and risks. These include, but are not limited to the risks associated with the industries in which the Company operates in general such as: costs and expenses; interest rate and exchange rate fluctuations; competition; human capital engagement and availability, ability to access sufficient financial capital from internal and external sources; and changes in legislation, including but not limited to tax laws.

Readers are cautioned that the foregoing list of factors is not exhaustive. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities within the United States. The securities to be offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act or other laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

OneSoft Engages in Pilot Program with Another Fortune 500 USA-Based Company

Edmonton, Alberta, Canada (December 5, 2017) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS, OTC:OSSIF) is pleased to announce that its wholly owned subsidiary, OneBridge Solutions, Inc. (“OneBridge”), has entered into a Pilot Program agreement with another U.S. based, Fortune 500 petroleum company, whose operations include refineries, retail marketing and transportation of oil and gas products (the “Client”), for evaluation of OneBridge’s Cognitive Integrity ManagementTM (“CIM”) SaaS solution.

“This Pilot Project confirms that another Tier 1 pipeline operator has recognized the value proposition of CIM and has committed to further explore CIM’s capabilities,” said Tim Edward, President of OneBridge Canada. “The initial feedback we’ve received is very positive, as this Client is highly committed to enhance and improve their internal systems and processes to detect threats to their pipeline infrastructure, in pursuit of a zero-failure objective.”

Brandon Taylor, CTO and President of OneBridge USA, added, “Since embarking upon marketing and sales initiatives with Microsoft in September 2017, we have identified potential sales opportunities involving approximately 375,000 miles of pipeline in the U.S. operated by Microsoft customers who are also OneBridge prospects. These miles represent a significant subset of the initial target market we are pursuing and we are encouraged by this first tangible result from our collaborative sales efforts with Microsoft.”

The initial revenue associated with this contract is a nominal fixed fee which recovers OneBridge costs associated with the project. OneSoft’s objective is to retain this Client as a commercial customer who uses CIM on an ongoing basis to produce recurring revenues as is expected from the Company’s SaaS business model.

About the Client

The Client is a USA-based company, which together with its subsidiaries, is one of the largest petroleum product refiners, marketers and transporters in the United States. Its operations include multiple refineries, comprehensive terminal and transportation systems, extensive wholesale divisions and one of the largest chains of company-owned and operated retail gasoline and convenience stores within the USA. The Company’s major projects include significant investments in software and technology to streamline operations, reduce costs and provide for future growth.

About the CIM Pilot Project

Pursuant to the terms of the arrangement, OneBridge will normalize the Client’s inline inspection (“ILI”) data for segments of its pipeline, ingest the data, map certain shape and ILI files, and align anomalies and calculate their growth rates. Using OneBridge proprietary Pattern Detection and Interacting Threats machine learning algorithms, the program is designed to detect threats using Predictive Analytics, while providing advanced business intelligence, graphical presentations, and reporting of the data that assists clients to predict pipeline failures and thereby save lives, protect the environment, reduce operational costs and address regulatory compliance requirements. Visit www.onebridgesolutions.com for more information.

OneBridge utilizes proprietary Machine Learning algorithms, a single geo-spatial database, and predictive analytics applied to structured and unstructured big data on a highly scalable level that cannot practically be replicated through manual efforts, to provide pipeline companies with the functionality they require to safely operate, manage and maintain their pipeline infrastructure as smart assets. The OneBridge Cognitive Integrity ManagementTM solution is deployed as a software as a service (“SaaS”) solution leveraging Data Science, Azure Machine Learning, HoloLens, Microsoft Power BI Embedded and other components of the Microsoft Azure: Cloud Platform and Services.

About OneSoft Solutions Inc.

OneSoft Solutions Inc. has developed software technology and products that have capability to transition legacy, on-premise licensed software applications to operate on the Microsoft (NASDAQ: MSFT) Cloud, in conjunction with Office 365, CRM Online, Microsoft BI and Microsoft Azure Machine Learning. OneSoft’s business strategy is to seek opportunities to convert legacy business software applications that are historically cumbersome to deploy and costly to operate, to a more cost-efficient subscription-based business model utilizing the Microsoft Azure: Cloud Platform and Services, with accessibility through any internet capable device. Visit www.onesoft.ca for more information.

 

ON BEHALF OF THE BOARD OF DIRECTORS

ONESOFT SOLUTIONS INC.

Douglas Thomson

Chair

 

For more information, please contact

Dwayne Kushniruk, CEO

dkushniruk@onesoft.ca

(780) 437‐4950

 

Sean Peasgood, Investor Relations

Sean@SophicCapital.com

(416) 565-2805

 

Forward-looking Statements

This news release contains forward-looking statements relating to the future operations and profitability of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expects”, “believe”, “will”, “intends”, “plans” and similar expressions. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking information is provided for the purpose of delivering information about management’s current expectations and plans relating to the future. Investors are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.

In respect of the forward-looking information and statements the Company has placed reliance on certain assumptions that it believes are reasonable at this time, including expectations and assumptions concerning, among other things: interest and foreign exchange rates; planned synergies, capital efficiencies and cost-savings; applicable tax laws; the sufficiency of budgeted capital expenditures in carrying out planned activities; the availability and cost of labour and services; the efficacy of its software, the success of growth projects; future operating costs; that counterparties to material agreements will continue to perform in a timely manner; that there are no unforeseen events preventing the performance of contracts; and that there are no unforeseen material development or other costs related to current growth projects or current operations. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Since forward-looking information addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to many factors and risks. These include, but are not limited to the risks associated with the industries in which the Company operates in general such as: costs and expenses; interest rate and exchange rate fluctuations; competition; ability to access sufficient capital from internal and external sources; and changes in legislation, including but not limited to tax laws.

Readers are cautioned that the foregoing list of factors is not exhaustive. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities within the United States. The securities to be offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act or other laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

OneSoft Engages in Another Pilot Program with a Fortune 100 USA-Based Petroleum Company

Edmonton, Alberta, Canada (November 21, 2017) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS, OTC:OSSIF) is pleased to announce that its wholly-owned subsidiary, OneBridge Solutions, Inc. (“OneBridge”), has commenced a Pilot Program with a division of a U.S. based, Fortune 100 petroleum product refiner, marketer and transporter (the “Client”) for evaluation of OneBridge’s Cognitive Integrity ManagementTM (“CIM”) SaaS solution.

“We’re pleased that another Tier 1 pipeline operator has recognized CIM’s value proposition and has committed to further explore CIM’s capabilities,” said Tim Edward, President of OneBridge Canada. “According to PHMSA, the American pipeline regulator, a pipeline incident occurs almost daily in the United States. CIM’s machine learning capabilities may potentially uncover pipeline faults before failures occur, and detect threats with higher accuracy, increased speed, and at a far lower cost than the current default method, which largely involves manual spreadsheet analysis. Given the safety issues, negative publicity, large fines and lost revenues associated with failures, and that the pipeline industry has a stated goal of zero failures, interest in our CIM solution continues to grow.”

The initial revenue associated with this contract is a nominal fixed fee which recovers OneBridge costs associated with the project.

“We designed these Pilot Programs to give prospects the opportunity to evaluate the full functionality of our CIM solution within weeks,” said Brandon Taylor, CTO and President of OneBridge USA. “We cannot provide timing on when or if new clients will ultimately adopt CIM, however, initial feedback has been very positive.”

About the Client
The Client is a USA-based company, which together with its subsidiaries, is one of the largest petroleum product refiners, marketers, and transporters in the United States. Its operations include multiple refineries, comprehensive terminal and transportation systems, extensive wholesale divisions and one of the largest chains of company-owned and operated retail gasoline and convenience stores within the USA.

About the CIM Pilot Project
Pursuant to the terms of the arrangement, OneBridge will normalize the Client’s inline inspection (“ILI”) data for segments of its pipeline, ingest the data, map certain shape and ILI files, and align anomalies and calculate their growth rates. Using OneBridge proprietary Pattern Detection and Interacting Threats machine learning algorithms, the program is designed to detect threats using Predictive Analytics, while providing advanced business intelligence, graphical presentations, and reporting of the data that assists clients to predict pipeline failures and thereby save lives, protect the environment, reduce operational costs and address regulatory compliance requirements. Visit www.onebridgesolutions.com for more information.
OneBridge utilizes proprietary Machine Learning algorithms, a single geospatial database, and predictive analytics applied to structured and unstructured big data on a highly scalable level that cannot practically be replicated through manual efforts, to provide pipeline companies with the functionality they require to safely operate, manage and maintain their pipeline infrastructure as smart assets. The OneBridge Cognitive Integrity ManagementTM solution is deployed as a software as a service (“SaaS”) solution leveraging Data Science, Azure Machine Learning, HoloLens, Microsoft Power BI Embedded and other components of the Microsoft Azure: Cloud Platform and Services.

About OneSoft Solutions Inc.
OneSoft Solutions Inc. has developed software technology and products that have capability to transition legacy, on-premise licensed software applications to operate on the Microsoft (NASDAQ: MSFT) Cloud, in conjunction with Office 365, CRM Online, Microsoft BI and Microsoft Azure Machine Learning. OneSoft’s business strategy is to seek opportunities to convert legacy business software applications that are historically cumbersome to deploy and costly to operate, to a more cost-efficient subscription-based business model utilizing the Microsoft Azure: Cloud Platform and Services, with accessibility through any internet capable device. Visit www.onesoft.ca for more information.

ON BEHALF OF THE BOARD OF DIRECTORS
ONESOFT SOLUTIONS INC.
Douglas Thomson
Chair

For more information, please contact
Dwayne Kushniruk, CEO
dkushniruk@onesoft.ca
(780) 437‐4950

Sean Peasgood, Investor Relations
Sean@SophicCapital.com
(416) 565-2805

Forward-looking Statements
This news release contains forward-looking statements relating to the future operations and profitability of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expects”, “believe”, “will”, “intends”, “plans” and similar expressions. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking information is provided for the purpose of delivering information about management’s current expectations and plans relating to the future. Investors are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.

In respect of the forward-looking information and statements the Company has placed reliance on certain assumptions that it believes are reasonable at this time, including expectations and assumptions concerning, among other things: interest and foreign exchange rates; planned synergies, capital efficiencies and cost-savings; applicable tax laws; the sufficiency of budgeted capital expenditures in carrying out planned activities; the availability and cost of labour and services; the efficacy of its software, the success of growth projects; future operating costs; that counterparties to material agreements will continue to perform in a timely manner; that there are no unforeseen events preventing the performance of contracts; and that there are no unforeseen material development or other costs related to current growth projects or current operations. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Since forward-looking information addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to many factors and risks. These include, but are not limited to the risks associated with the industries in which the Company operates in general such as: costs and expenses; interest rate and exchange rate fluctuations; competition; ability to access sufficient capital from internal and external sources; and changes in legislation, including but not limited to tax laws.

Readers are cautioned that the foregoing list of factors is not exhaustive. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.
This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities within the United States. The securities to be offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act or other laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Onesoft’s Onebridge subsidiary engages in pilot program with progressive American pipeline company

Edmonton, Alberta, Canada (September 14, 2017) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS) is pleased to advise that its wholly owned subsidiary, OneBridge Solutions, Inc. (“OneBridge”), has commenced a Pilot Program for evaluation of OneBridge’s Cognitive Integrity Management SaaS solution by another US-based oil & gas pipeline operator (the “Client”).

Pursuant to the terms of the agreement, OneBridge will normalize the Client’s inline inspection (“ILI”) data for segments of its pipeline, ingest the data, map certain shape and ILI files, and align anomalies and calculate their growth rates. This Pilot Program is expected to advance development of our proprietary Pattern Detection and Interacting Threats machine learning algorithms, which are designed to detect threats to pipelines over time using Predictive Analytics, while providing advanced business intelligence, graphical presentations, and reporting of the data that operators require to manage their pipeline infrastructure.  Additional to the ILI data, the Client will also provide various external data sets (e.g., environmental information), which OneBridge will correlate to anomalies and other features to further enhance the functionality of the Cognitive Integrity Management solution.

Tim Edward, President of OneBridge, stated “We are excited about their commitment to this Pilot Program because this Client is fully committed to operate their pipeline business to the highest levels of responsibility and safety. We are also appreciative of their involvement to use, and assist us to further evolve our Cognitive Integrity Management solution. Their objective of reducing pipeline failures to zero aligns fully with our own vision for Cognitive Integrity Management and OneBridge.”

Brandon Taylor, OneBridge CTO added, “We look forward to working with their highly experienced integrity management personnel, who are clearly amongst the technology leaders in the industry. We intend to use Cognitive Integrity Management to validate their existing results and truth data. In addition, our data science team will use our Pattern Detection and Interacting Threat algorithms to identify whether Machine Learning can potentially expose threats that may not have previously been discovered.”

The Pilot Program, using a “succeed fast/fail fast” approach, will accommodate a full evaluation of Cognitive Integrity Management by the Client within weeks. The objective of the program is to allow the Client to utilize Cognitive Integrity Management as a key component of their integrity management process on a trial basis while using their own data, and then subsequently contract with them as a long-term commercial customer. The initial revenue associated with this contract is a nominal fixed fee which recovers OneBridge costs associated with the project. The potential exists that future recurring annualized SaaS revenue could increase to the low to mid six-figure range, should the Client adopt Cognitive Integrity Management for their long-term use.

About the Client

The Client is a subsidiary of one the largest private companies in the USA and owns or operates pipeline systems that transport crude oil, refined petroleum products, chemicals and natural gas liquids in multiple states. The Client has received various awards for outstanding safety and environmental practices, and is actively involved as a progressive industry leader to implement new technologies and practices that promote the safety of the public, its employees, and the environment.

About OneBridge Solutions, Inc.

OneSoft’s wholly owned subsidiary, OneBridge Solutions Inc. (“OneBridge”), is currently focused on the U.S. Oil & Gas pipeline market, which management estimates represents 60% of the global addressable market for the Company’s products. OneBridge develops and markets revolutionary new software as a service (“SaaS”) solutions for the Oil & Gas pipeline industry which assists operators to predict pipeline failures and thereby save lives, protect the environment, reduce operational costs and address regulatory compliance requirements.

 

OneBridge utilizes proprietary Machine Learning algorithms, a single geo-spatial database, and predictive analytics applied to structured and unstructured big data on a highly scalable level that cannot practically be replicated through manual efforts, to provide pipeline companies with the functionality they require to safely operate, manage and maintain their pipeline infrastructure as smart assets. The OneBridge Cognitive Integrity Management solution provides Data Normalization, Cognitive Learning, and Business Intelligence and Visualization, all of which is deployed as a SaaS solution leveraging Data Science, Azure Machine Learning, HoloLens, Microsoft Power BI Embedded and other components of the Microsoft Azure: Cloud Platform and Services. Visit www.onebridgesolutions.com for more information.

About OneSoft Solutions Inc.

OneSoft Solutions Inc. has developed software technology and products that have capability to transition legacy, on premise licensed software applications to operate on the Microsoft Cloud, in conjunction with Office 365, CRM Online, Microsoft BI and Microsoft Azure Machine Learning. OneSoft’s business strategy is to seek opportunities to convert legacy business software applications that are historically cumbersome to deploy and costly to operate, to a more cost-efficient subscription based business model utilizing the Microsoft Azure: Cloud Platform and Services, with accessibility through any internet capable device. Visit www.onesoft.ca for more information.

 

ON BEHALF OF THE BOARD OF DIRECTORS

ONESOFT SOLUTIONS INC.

Douglas Thomson

Chair

 

For more information, please contact

Dwayne Kushniruk, CEO

dkushniruk@onesoft.ca (780) 437‐4950

 

Forward-looking Statements

This news release contains forward-looking statements relating to the future operations and profitability of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expects”, “believe”, “will”, “intends”, “plans” and similar expressions. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking information is provided for the purpose of delivering information about management’s current expectations and plans relating to the future. Investors are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.

 

In respect of the forward-looking information and statements the Company has placed reliance on certain assumptions that it believes are reasonable at this time, including expectations and assumptions concerning, among other things: interest and foreign exchange rates; planned synergies, capital efficiencies and cost-savings; applicable tax laws; the sufficiency of budgeted capital expenditures in carrying out planned activities; the availability and cost of labour and services; the efficacy of its software, the success of growth projects; future operating costs; that counterparties to material agreements will continue to perform in a timely manner; that there are no unforeseen events preventing the performance of contracts; and that there are no unforeseen material development or other costs related to current growth projects or current operations. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Since forward-looking information addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to many factors and risks. These include, but are not limited to the risks associated with the industries in which the Company operates in general such as: costs and expenses; interest rate and exchange rate fluctuations; competition; ability to access sufficient capital from internal and external sources; and changes in legislation, including but not limited to tax laws.

Readers are cautioned that the foregoing list of factors is not exhaustive. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

 

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities within the United States. The securities to be offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act or other laws.

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.