Four Additional North American Companies Trial Machine Learning SaaS Solutions
Edmonton, Alberta, Canada (September 17, 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 initiated new pilot programs with four North American-based pipeline operators to conduct trial use of the Company’s software-as-a-service (“SaaS”) solutions, which include Cognitive Integrity ManagementTM (“CIM”) and Polaris.
The four Polaris Pilot customers collectively own natural gas liquids systems, crude oil assets and commercial operations across the continental U.S.A. and in parts of Canada and Alaska. One of these customers is a Fortune 500 Company and, in aggregate, the four customers own assets valued in excess of USD $17 Billion, have annual combined revenues exceeding USD $12 Billion, and collectively operate approximately 68,000 miles of pipeline infrastructure.
“Engaging these new customers, who are all well-established companies with long and successful operating histories, represents a significant milestone in the evolutionary growth of our Company, particularly because two of the operators are focused on our new Polaris solution which is scheduled to be released for commercial use by the end of 2018,” stated OneSoft CTO, Brandon Taylor.
OneBridge President, Tim Edward, added, “Since teaming up with Phillips 66 to develop Polaris, interest from prospective customers for our proprietary Machine Learning and Data Science solutions has accelerated as a result of our own marketing activities, our reseller partner channel initiatives and through word-of-mouth. We have strong confidence that these pilot projects will ultimately lead to long-term use of our solutions on a commercial basis.”
About CIM and Polaris Solutions
Operating on Microsoft’s Azure Cloud platform and services environment, CIM provides revolutionary Pattern Detection and Interacting Threats functionality using Data Science and proprietary Machine Learning algorithms. CIM is designed to normalize and ingest inline inspection (“ILI”) data for pipelines, align anomalies and calculate their growth rates, which results in the detection of threats to pipelines over time using Predictive Analytics. CIM also provides advanced business intelligence, intuitive graphical presentations, and dashboard reporting and natural query language capability for data that operators require to manage their pipeline infrastructure.
OneBridge entered into an agreement with Phillips 66 Company to develop 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 software-as-a-service (SaaS) solution the embeds OneBridge Machine Learning, Data Science and CIM functionality. Polaris functionality is designed to address four major areas of functionality: (1) assessment planning, including enterprise-level planning, scheduling and business intelligence; (2) integrity compliance, wherein internal company policy and regulatory compliance 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. Polaris is designed to be scalable for a wide range of pipeline companies globally, from small operators through and including industry supermajors.
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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