Edmonton, Alberta, Canada (January 24, 2018) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS), is pleased to announce that its wholly owned subsidiary, OneBridge Solutions, Inc. (“OneBridge”), will be presenting its software solutions to potential new customers at the 30th International Pipeline Pigging & Integrity Management (“PPIM”) Conference to be held at the George R. Brown Convention Centre and the Marriott Marquis Hotel in Houston, Texas between January 29th and February 1 , 2018. OneBridge Canada President Tim Edward and OneBridge USA President Brandon Taylor and Microsoft representatives will co-host demonstrations at their shared booths.
Microsoft’s specialized oil and gas sales personnel who work out of Microsoft’s Houston-based Technology Center will be present at OneBridge’s trade booths (#549 and #648).
“PPIM is a one-stop global event for the pigging and integrity management industry,” said Tim Edward. “We are excited to work collaboratively with Microsoft teams again this year to demonstrate phase two of our Cognitive Integrity Management (“CIM”) solution and to explain the advantages and benefits of using new machine learning technology based on Microsoft’s cloud platform and services.”
OneBridge will present its Cognitive Integrity Management solution
- OneBridge will present its CIM software solution which utilizes Machine Learning and other Data Sciences to ingest inline inspection (“ILI”) data, match anomalies run over run and uses predictive analytics to assist pipeline operators to achieve their objective of zero pipeline failures.
- OneBridge will also be presenting information about phase two of its CIM solution. OneBridge recently announced a working relationship with Phillips 66 and phase two will be a product of that relationship. This new phase will provide pipeline assessment plan tracking, integrity compliance, and threat tracking.
PPIM is the largest pipeline integrity conference in the world.
- PPIM Conference is devoted exclusively to pigging for pipeline maintenance and inspection, as well as pipeline integrity evaluation and repair.
- More than 2,000 engineering management and field operating personnel from both transmission and distribution companies concerned with improving operations and integrity management, and manufacturers and suppliers from around the world are expected to attend PPIM, to learn about the latest in technology and field experience presented by industry leaders. Attendees can also update their knowledge and skills at numerous training courses offered at the conference
- Presentations by leading industry participants will include ILI data assessment, external coating inspection with ILI tools, new regulations, and transformative technologies.
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 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
Sean Peasgood, Investor Relations
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.