Edmonton, Alberta, Canada (August 1, 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 a Pilot program with Sinclair Oil, a family-owned, vertically-integrated oil company (“Sinclair”), to conduct a trial use of the Company’s Cognitive Integrity ManagementTM (“CIM”) software-as-a-service (“SaaS”) solution to investigate the use of advanced Data Science and Machine Learning technologies in conducting integrity management for segments of Sinclair’s pipeline system.
“Sinclair’s vision is to relentlessly pursue a safe, reliable, environmentally responsible and profitable operation, to ensure a sustainable future for its owners and employees and the communities where they operate,” stated Robin Magelky, Senior Sales Engineer at OneBridge. “We are proud to work with them to investigate our new, cutting-edge technology that supports their vision and look forward to demonstrating how Machine Learning can augment their current processes to improve data analytics capability to detect potential threats to their pipelines.”
“We are pleased to be working with Sinclair Oil on this pilot, who brings a different client perspective,” stated OneSoft CTO Brandon Taylor. “Engaging with Sinclair affirms the achievement of our objective of creating software that is scalable for use by different clients with different internal processes. We expect to garner valuable insight about deploying our solutions for clients like Sinclair, who represent a large segment of our potential customers.”
About Sinclair Oil
Sinclair is a family-owned, vertically-integrated oil company founded more than 100 years ago, which has grown through high entrepreneurial spirit over the past century to become one of the oldest, continuous, U.S.A. brands in the oil business today. Based in Salt Lake City, Utah, the company is involved in all aspects of the industry including oil and gas exploration, motor fuel distribution, refineries, and operation of more than 1,400 company owned retail locations spanning 28 states, all identified by the company’s “Dino the Dinosaur” iconic branding. Sinclair owns and operates more than 1,000 miles of pipelines to transport crude oil and refined transportation fuels; several crude oil terminals with combined storage of more than 2 million barrels; and several light product terminals located in Northern and Mid-Western states, with aggregate storage capacity of 2.7 million barrels. Sinclair also has joint venture financial interest in additional pipelines and light product terminals, as well as refineries in the North West U.S.A. whose combined capacity exceeds 100,000 barrels per day, making Sinclair the largest refiner in the Rocky Mountain region.
About the Pilot Program
Pursuant to the terms of the Pilot Program agreement, OneBridge will normalize inline inspection (“ILI”) data for segments of pipelines, ingest the data, map certain shape and ILI files, and align anomalies and calculate their growth rates. CIM provides revolutionary Pattern Detection and Interacting Threats functionality using data science and proprietary Machine Learning algorithms, which are designed to detect threats to pipelines over time using Predictive Analytics, as well as advanced business intelligence, graphical presentations, and reporting of the data that operators require to manage their pipeline infrastructure.
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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