Quadrant4 Systems Corporation Announces Launch of Cloud-Enabled Telemetrics Platform for the Oil & Gas Industry
March 05 2012 - 8:01AM
Marketwired
Quadrant4 Systems Corporation (Q4) (OTCBB: QFOR) (OTCQB: QFOR)
today announced that it has launched its Oil & Gas practice
with specific focus on Telemetrics.
Q4's cloud-based Telemetrics platform addresses challenges in
the areas of oil tanks and storage, oil flow, and oil
transportation. The functionalities include Remote Measurement i.e,
the ability to measure readings remotely without physical
inspection; Real-time Analytics i.e. a cloud-based dashboard for
real-time analytics from a remote location; Multiple Sensors i.e,
Flow and Level Sensors for a breadth of applications; and
Application Diversity i.e., Measurement of flow and levels on
pipelines, storage tanks and vehicles. The real-time measurement of
fuel levels has huge economic value in terms of accurate payments
to vendors, theft and environment losses, and potential leakage in
remote and unmonitored pipelines/storage facilities.
The application uses extensive Open Source technologies that
include Linux, Pentaho, Hadoop etc. and runs on an Amazon EC2 cloud
platform and can be deployed on smart mobile devices that run on
Android and BlackBerry operating systems.
Dhru Desai, Chairman of the Board of Q4, stated "As oil and gas
prices increase, any technology and/or device that delivers either
cost savings or cost avoidance is very welcome to the Oil & Gas
industry. The industry typically operates unmanned oil rigs that
continuously pump crude from remote wells and can't afford
potential leaks that will lead to environmental disaster and huge
loss of goodwill. Cloud-based monitoring from a central location
will allow real-time response to such disasters and will deliver
unprecedented ROI to the industry."
About Quadrant4 Systems Corporation
Quadrant4 Systems Corporation delivers end-to-end information
technology solutions to its clients through a unique blend of
consulting, software development & maintenance, cloud-based
products and technology from its global delivery centers. The
company currently focuses on Financial Services, Health Care,
Retail, Manufacturing and Telecommunication sectors with a broad
spectrum of services and technology practices that include ERP,
SCM, CRM, e-Commerce, m-Commerce, SFA, Microsoft, Java and Legacy
platforms, BI/DW, testing, platform migration, web technologies and
others. The company plans to enter the IT-enabled and managed
services sector and cloud-based services through business
acquisitions and/or combination opportunities in the near future to
further execute its articulated business strategy.
Forward-Looking Statements This release
contains forward-looking statements which are subject to the
inherent uncertainties in predicting future results and conditions.
Any statements that are not statements of historical fact
(including statements containing the words "believes," "plans,"
"anticipate," "expects," "estimates," and similar expressions)
should be considered to be forward-looking statements, within the
meaning of Section 27A of the Securities Act of 1933, and Section
21E of the Exchange Act of 1934, as each is amended, for which the
Private Securities Litigation Reform Act of 1995 provides a safe
harbor. Certain factors (including but not limited to those risk
factors identified from time to time in our filings with the
Securities and Exchange Commission as well as changes in economic
conditions; outcome of negotiations; changes in the Company's
access to necessary capital; outcome of litigation; volatility of
capital markets; variability and timing of business opportunities;
changes in accounting policies and practices; the effects of
internal organizational changes; adverse state and federal
regulation and legislation; and the occurrence of extraordinary or
catastrophic events and terrorist acts; or other unforeseen changes
in circumstances) could cause actual results and conditions to
differ materially from those projected in such forward-looking
statements. We do not undertake any obligation to release publicly
revised or updated forward-looking information, and such
information included in this release is based on information
currently available and may not be reliable after this date.
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Investor Contact BPC Financial Marketing John Baldissera
800-368-1217