Edmonton, Alberta, Canada (July 9, 2018) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS, OTCQB:OSSIF) is pleased to announce that its wholly-owned subsidiary, OneBridge Solutions Inc. (“OneBridge”) has teamed up with a major Canadian oil and gas pipeline operator (the “Client”) 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 the Client’s pipeline system in Canada.
“Although we have several oil and gas pipeline companies in the U.S.A. who now use CIM as an integral part of their integrity management process, this Pilot represents the first use of CIM by a Canadian company” stated OneSoft CTO Brandon Taylor. “We are very excited to be working with this Client, who is one of the most progressive industry leaders in Canada and highly committed to its objectives of safety, protection of the environment and reducing pipeline incidents to zero.”
OneBridge Chief Visionary Officer, Tim Edward, added, “This project involves one of the most critical pipeline systems in Canada, which shorelines Alberta oil sands products to facilitate international sales of crude oil and refined products.”
The Pilot will be conducted over the course of several weeks and will provide an augmented approach to current integrity management processes used by the Client, through the use of revolutionary Data Science, Machine Learning, Predictive Analytics and Cloud computing technologies.
About the Client
The Client operates independently as the Canadian division of a U.S. pipeline Company. The Client’s assets include a number of pipeline systems and terminal facilities in British Columbia and Alberta. The Pilot Program is being conducted on a segment of pipeline that currently transports several hundred thousand barrels per day of crude oil and refined petroleum products, with plans to ultimately triple the transport capacity of this infrastructure.
About the Pilot Program
Pursuant to the terms of the Pilot Program agreement, OneBridge will normalize inline inspection (“ILI”) data for segments of the Client’s pipeline, 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.
The Pilot Program, using a “succeed fast/fail fast” approach, will accommodate a full evaluation of CIM by the Client within weeks, with the objective being to allow the Client to utilize CIM as a key component of its integrity management process on a trial basis while using its own data.
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) 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.onebridgesolution.com for more information.
For more information, please contact
Dwayne Kushniruk, CEO
Sean Peasgood, Investor Relations
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