OneSoft Subsidiary Announces Two New Clients, Including One Industry Super-Major

EDMONTON, AB / January 7, 2019 / OneBridge Solutions Inc. (“OneBridge”), a wholly owned subsidiary of OneSoft Solutions Inc. (TSX-V:OSS; OTCQB:OSSIF) (the “Company” or “OneSoft”) is pleased to announce that Sinclair Oil Corporation and an oil and gas industry Supermajor have adopted OneBridge’s Cognitive Integrity ManagementTM (“CIM”) software-as-a-service solution for long term use, following successful software trials announced in September and June of 2018.

“These two clients chose CIM after lengthy and comprehensive Pilot Project investigations of our solutions,” stated OneBridge President Tim Edward. “Our software trials enable clients to experience the high value of Machine Learning and advanced Data Analytics capabilities embedded in our solutions, which cloud computing makes possible.”

Both clients selected CIM as the core component of their pipeline integrity management processes. CIM addresses 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 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.

“The diversity of these clients provides strong validation that OneBridge solutions are scalable for use by a wide range of oil and gas pipeline operators,” added OneSoft President and COO Brandon Taylor. “Through the process of engaging these clients, the company has achieved a significant milestone in cloud-based security. During the pilot, CIM passed a very stringent vulnerability assessment test conducted by a Supermajor, and this benefit is now shared across all clients who have adopted CIM as their foundational methodology to maintain and manage their pipeline assets. CIM evolves each time the company participates in such evaluations, and all our clients benefit from each iterative step of evolution.”

About The Clients

Sinclair Oil Corporation 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.

The Supermajor client is a large publicly traded oil and gas industry leader focused on innovation and digital transformation of its businesses through the use of Microsoft Azure and other cloud platforms.

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
dkushniruk@onesoft.ca 
(780) 437‐4950

Sean Peasgood, Investor Relations
Sean@SophicCapital.com 
(647) 494-7710

Forward-looking Statements

This news release contains forward-looking statements relating to the future operations, product creation revenues and profitability of the Company, the Company’s efforts to develop and commercialize the technology with the capabilities and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expects”, “believe”, “will”, “intends”, “plans” and similar expressions. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking information is provided for the purpose of delivering information about management’s current expectations and plans relating to the future. Investors are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.

In respect of the forward-looking information and statements, the Company has placed reliance on certain assumptions that it believes are reasonable at this time, including expectations and assumptions concerning, among other things: interest and foreign exchange rates; planned synergies, capital efficiencies and cost-savings; applicable tax laws; the sufficiency of budgeted capital expenditures in carrying out planned activities; the availability and cost of labour and services; the efficacy of its software, its ability to complete projects to expected deadlines, the success of growth projects; future operating costs; that counterparties to material agreements will continue to perform in a timely manner; that there are no unforeseen events preventing the performance of contracts; and that there are no unforeseen material development or other costs related to current growth projects or current operations. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Since forward-looking information addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to many factors and risks. These include, but are not limited to, the risks associated with the industries in which the Company operates in general such as: costs and expenses; interest rate and exchange rate fluctuations; competition; human capital engagement and availability, ability to access sufficient financial capital from internal and external sources; and changes in legislation, including but not limited to tax laws.

Readers are cautioned that the foregoing list of factors is not exhaustive. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities within the United States. The securities to be offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act or other laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Operators with Collective 68,000 Miles of Pipeline Start OneSoft Pilots

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

dkushniruk@onesoft.ca

(780) 437‐4950

Sean Peasgood, Investor Relations

Sean@SophicCapital.com

(647) 494-7710

Forward-looking Statements

This news release contains forward-looking statements relating to the future operations, product creation revenues and profitability of the Company, the Company’s efforts to develop and commercialize the technology with the capabilities and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expects”, “believe”, “will”, “intends”, “plans” and similar expressions. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking information is provided for the purpose of delivering information about management’s current expectations and plans relating to the future. Investors are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.

In respect of the forward-looking information and statements, the Company has placed reliance on certain assumptions that it believes are reasonable at this time, including expectations and assumptions concerning, among other things: interest and foreign exchange rates; planned synergies, capital efficiencies and cost-savings; applicable tax laws; the sufficiency of budgeted capital expenditures in carrying out planned activities; the availability and cost of labour and services; the efficacy of its software, its ability to complete projects to expected deadlines, the success of growth projects; future operating costs; that counterparties to material agreements will continue to perform in a timely manner; that there are no unforeseen events preventing the performance of contracts; and that there are no unforeseen material development or other costs related to current growth projects or current operations. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Since forward-looking information addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to many factors and risks. These include, but are not limited to, the risks associated with the industries in which the Company operates in general such as: costs and expenses; interest rate and exchange rate fluctuations; competition; human capital engagement and availability, ability to access sufficient financial capital from internal and external sources; and changes in legislation, including but not limited to tax laws.

Readers are cautioned that the foregoing list of factors is not exhaustive. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities within the United States. The securities to be offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of such Act or other laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

OneSoft’s OneBridge subsidiary contracts with Phillips 66

Edmonton, Alberta, Canada (September 12, 2017) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX-V:OSS) is pleased to advise that its wholly owned subsidiary, OneBridge Solutions, Inc. (“OneBridge”), has contracted with Houston-based Phillips 66, a diversified Fortune 500 energy manufacturing and logistics company, for commercial use of OneBridge’s Cognitive Integrity Management (“CIM”) SaaS solution.

OneBridge’s relationship with Phillips 66 began in mid-2016 when Phillips 66 engaged as an early adopter to provide input and feedback for development of CIM.  This occurred as part of the Company’s private preview program that followed its software development sprint at Microsoft’s Accelerator program for Machine Learning and Data Science, held between February and June, 2016.  OneBridge was one of 9 companies selected from 721 applicants world-wide to participate in the Seattle Accelerator, and the only company chosen from the oil and gas pipeline industry.

During the course of the private preview program, Phillips 66 provided 845 inline inspection data files stored in various formats collected between 1993 and 2016, representing approximately 300 segments totaling 9,700 miles of pipeline, along with “truth” data as determined by Phillips 66 using their conventional manual processes.  This truth data served as a benchmark for comparison and validation of the data analyses performed by CIM. Using Machine Learning technology, CIM automatically ingested and normalized the data, which logged 8.8 million features, with a high alignment success rate and at a speed that greatly exceeded standard manual times.

The entire process of data ingestion, normalization and alignment of data for such a project typically takes under 2 hours using CIM, as compared to more than 10 work weeks of effort using conventional manual processes. Additionally, while manual processes typically address less than 5% of the pipeline data, CIM analyzes 100% of the data, thus provides capability for operators to manage their pipeline assets as smart infrastructure. CIM, using our proprietary Machine Learning algorithms, applies predictive analytics to inline inspection big data to identify potential threats to pipelines, thus assists oil and gas pipeline operators to attain their objective to achieve zero pipeline failures.

Tim Edward, President of OneBridge, stated “We are very appreciative of the assistance that Phillips 66 has provided to accelerate CIM development for general commercial use. Our vision for OneBridge, which is disruptive to current methodologies and practices used today, passed an important milestone test when Phillips 66, one of the most progressive pipeline operators in the world, was able to confirm that results from validation digs performed to verify CIM analyses were sufficiently compelling for them to adopt CIM as a key tool to detect threats to their pipeline infrastructure.”

Brandon Taylor, OneBridge CTO added, “Phillips 66’s mandate is to refine and improve its asset integrity programs for pipelines and facilities across its enterprise, and to maintain the highest level of accountability for governance and regulatory compliance. We believe that the evaluation work that was completed during the past year and incorporation of CIM as a key component of Phillips 66’s future integrity management processes represents a significant step forward in fulfilling their mandate. We look forward to continued collaboration with Phillips 66 personnel to enhance Pattern Detection, Interacting Threats and planned future functionality of CIM, to address more of the industry’s requirements that are best managed with new cloud technologies.”

The initial term of the agreement is through December 2018, with provisions for renewal through 2024. CIM usage fees will be invoiced monthly based on the number of miles of pipeline data ingested into CIM and will also include charges for Microsoft Azure platform usage and other reimbursable expenses as they occur. The annualized revenue associated with this contract is anticipated to be in the low 7 figure range when the Client completes the loading of all their pipeline data into CIM.

About OneBridge Solutions Inc.

OneSoft’s wholly owned subsidiary, OneBridge Solutions Inc. (“OneBridge”), is currently focused on the U.S. Oil & Gas pipeline market, which management estimates represents 60% of the global potential revenue for the Company’s products. OneBridge develops and markets revolutionary new software as a service (“SaaS”) solutions for the Oil & Gas pipeline industry which assists operators to predict pipeline failures and thereby save lives, protect the environment, reduce operational costs and address regulatory compliance requirements.

OneBridge utilizes proprietary Machine Learning algorithms and a single geo-spatial database to conduct predictive analytics on structured and unstructured big data on a highly scalable level that cannot be practically replicated through manual efforts, to provide pipeline companies with the functionality they require to safely operate, manage and maintain their pipeline infrastructure as smart assets. The OneBridge Cognitive Integrity Management (“CIM”) solution provides Data Normalization, Cognitive Learning,  Business Intelligence and Visualization in a SaaS solution that leverages Data Science, Azure Machine Learning, HoloLens, Microsoft Power BI Embedded and other components of the Microsoft Azure: Cloud Platform and Services. Visit www.onebridgesolutions.com for more information.

About OneSoft Solutions Inc.

OneSoft Solutions Inc. has developed software technology and products that have capability to transition legacy, on premise licensed software applications to operate on the Microsoft Cloud, in conjunction with Office 365, CRM Online, 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.

 

ON BEHALF OF THE BOARD OF DIRECTORS

ONESOFT SOLUTIONS INC.

Douglas Thomson

Chair

For more information, please contact

Dwayne Kushniruk, CEO

dkushniruk@onesoft.ca (780) 437‐4950

 

Forward-looking Statements

This news release contains forward-looking statements relating to the future operations and profitability of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expects”, “believe”, “will”, “intends”, “plans” and similar expressions. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking information is provided for the purpose of delivering information about management’s current expectations and plans relating to the future. Investors are cautioned that reliance on such information may not be appropriate for other purposes, such as making investment decisions.

In respect of the forward-looking information and statements the Company has placed reliance on certain assumptions that it believes are reasonable at this time, including expectations and assumptions concerning, among other things: interest and foreign exchange rates; planned synergies, capital efficiencies and cost-savings; applicable tax laws; the sufficiency of budgeted capital expenditures in carrying out planned activities; the availability and cost of labour and services; the success of growth projects; future operating costs; that counterparties to material agreements will continue to perform in a timely manner; the efficacy of its software; that there are no unforeseen events preventing the performance of contracts; and that there are no unforeseen material development or other costs related to current growth projects or current operations. Accordingly, readers should not place undue reliance on the forward-looking information contained in this press release. Since forward-looking information addresses future events and conditions, such information by its very nature involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to the risks associated with the industries in which the Company operates in general such as: costs and expenses; interest rate and exchange rate fluctuations; competition;  ability to access sufficient capital from internal and external sources; and changes in legislation, including but not limited to tax laws.

Readers are cautioned that the foregoing list of factors is not exhaustive. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and the Company undertakes no obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities within the United States. The securities to be offered have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the  United States absent registration or an applicable exemption from the registration requirements of such Act or other laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.