Edmonton, Alberta, Canada (March 20, 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 collaborative work agreement with WorleyParsons, a global professional services company, to deliver solutions for Canadian oil and gas pipeline operators that integrates OneBridge’s Cognitive Integrity ManagementTM (“CIM”) Software-as-a-Service (“SaaS”) solution with high value engineering services, to assist clients in predicting hazardous pipeline failures.
“Digital transformation is a trend that is beginning to occur within the oil and gas pipeline industry,” said Tim Edward, President of OneBridge Canada. “Through this arrangement, we plan to target Canadian clients first, then expand to Australia, Mexico, and other select global markets. We expect to offer a joint solution that will enable Tier 1, 2 and 3 clients to better manage and maintain their pipeline infrastructure.”
“Our objective with CIM is to redefine how operators determine threats to pipelines, by using sophisticated machine learning and data science methodologies,” said Brandon Taylor, CTO of OneBridge. “Unlike current technology and processes in use by the industry today, CIM easily scales by using Microsoft Azure to analyze big data, and can detect threats more accurately, faster and more cost-effectively.”
We intend to use Pilot Programs to demonstrate the high-value proposition to clients, similar to the Pilot Program model OneBridge and Microsoft are currently deploying to engage US pipeline operators. Subsequently, the parties’ intent is to provide joint clients with OneBridge’s future version of CIM, “Polaris“, which OneBridge is currently developing with Phillips 66 Company [PSX:NYSE].
WorleyParsons delivers projects, provides expertise in engineering, procurement, and construction and offers a wide range of consulting and advisory services.
OneBridge has teamed up with Phillips 66 Company to develop Polaris, which involves migrating Phillips 66’s pipeline management software to a cloud solution that will incorporate OneBridge’s data science and machine learning technology. Polaris will provide comprehensive, end-to-end functionality typically required by oil and gas pipeline operators to manage the complete lifecycle of an integrity management program. Polaris is designed to include multiple components, including assessment planning, cognitive analysis, workflow management, regulatory compliance, certain financial metrics, reporting and audit controls and advanced business intelligence with 3D visualizations to present information in a highly intuitive manner.
About OneSoft 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, 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.
The Company’s wholly owned subsidiary, OneBridge Solutions Inc., 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 to assist 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
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