Edmonton, Alberta, Canada (October 18, 2018) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS; OTC:OSSIF) is pleased to announce that its wholly owned operating subsidiary, OneBridge Solutions Inc. (“OneBridge”), has reached a major milestone in releasing its next iteration of Cognitive Integrity ManagementTM software-as-a-service (“SaaS”) solution (“CIM 3.0”) for general commercial use. CIM 3.0 (previously codenamed Polaris) now allows oil and gas operators to manage the entire integrity management life cycles for their pipeline system in a SaaS solution based on Microsoft’s Azure cloud platform. On September 24th, 2018 we announced our first commercial deployment for CIM 3.0 with a Fortune 500 customer and we currently have numerous software trials in progress with pipeline operators who we anticipate will adopt the solution for long-term use.
“We believe this milestone positions OneBridge as the pipeline industry’s leader of integrity management software. Our product team incorporated intellectual property we acquired from Phillips 66 and collaborated with our private preview users to ensure that CIM 3.0 will be applicable to oil and gas pipeline operators of any size, from small companies to industry super majors” said CTO Brandon Taylor. “CIM 3.0 significantly advances the digital transformation process for the pipeline industry. Operators can leverage modern cloud technology to identify regulatory compliant conditions and produce real-time business intelligence at the push of a button. More importantly, CIM 3.0 now provides an expanded foundation that enables OneBridge to evolve our mission of predicting pipeline failures to save lives and protect the environment.”
OneBridge President Tim Edward added, “CIM 3.0 represents a transformational advancement that many industry experts have held for the past 25 years. The fact that CIM only needs a few hours to analyze 100% of a pipeline operator’s inline inspection data – independent of tool vendor and the countless legacy technologies used over the past few decades – is unprecedented. We sincerely acknowledge and thank those operators in our private preview programs that provided the data and feedback needed to evolve our solutions. Their subject matter expertise has been highly valuable in CIM 3.0’s development and will continue to assist us to prioritize features for future software enhancements, which we expect to update approximately every two weeks.”
About Cognitive Integrity Management 3.0
OneBridge has been working with Phillips 66 and two other pipeline operators in a private preview program and other operators through pilot programs to develop CIM 3.0 (codenamed “Polaris”), an advanced pipeline integrity management solution for industry operators, by migrating functionality from Phillips 66’s PT-DMS internally-developed software applications to a cloud-based SaaS solution the embeds OneBridge Machine Learning, Data Science and CIM 2.0 functionality. CIM 3.0 is designed to address four major areas of functionality additional to what CIM 2.0 provides: (1) assessment planning, including enterprise-level planning, scheduling and business intelligence; (2) integrity compliance, wherein internal company policy and regulatory compliance conditions for CFR 192 & 195 can be addressed with the push of a button; (3) threat monitoring, for which actionable workflow and job information for every threat is identified; and (4) business intelligence, comprised of data analytics, SQL reporting, embedded user experience using 3D visualizations, dashboards with filtering, and natural query language capability.
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 (MSFT:NASDAQ) Azure Cloud Platform. Our business strategy is to seek opportunities to incorporate Data Science and Machine Learning, business intelligence and predictive analytics to create cost-efficient, subscription-based software-as-a-service solutions. Visit www.onesoft.ca for more information.
OneSoft’s wholly owned subsidiary, OneBridge Solutions Inc., develops and markets revolutionary new SaaS solutions that use Data Science and Machine Learning to apply predictive analytics to big data, which assist Oil & Gas pipeline operators 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.
For more information, please contact
Dwayne Kushniruk, CEO
Sean Peasgood, Investor Relations
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