OneSoft Solutions Inc. (the “Company” or “OneSoft”)
(TSX-V:OSS), is pleased to announce that its wholly owned
subsidiary, OneBridge Solutions, Inc. (“OneBridge”), will be
presenting its software solutions to potential new customers at the
30th International Pipeline Pigging & Integrity Management
(“PPIM”) Conference to be held at the George R. Brown Convention
Centre and the Marriott Marquis Hotel in Houston, Texas between
January 29th and February 1 , 2018. OneBridge Canada President Tim
Edward and OneBridge USA President Brandon Taylor and Microsoft
representatives will co-host demonstrations at their shared booths.
Microsoft’s specialized oil and gas sales personnel who work out
of Microsoft’s Houston-based Technology Center will be present at
OneBridge’s trade booths (#549 and #648).
Management
COMMENTARY
“PPIM is a one-stop global event for the pigging and integrity
management industry,” said Tim Edward. “We are excited to work
collaboratively with Microsoft teams again this year to demonstrate
phase two of our Cognitive Integrity Management (“CIM”) solution
and to explain the advantages and benefits of using new machine
learning technology based on Microsoft’s cloud platform and
services.”
OneBridge will present its
coginitive integrity management solution
·OneBridge will present its CIM software solution which utilizes
Machine Learning and other Data Sciences to ingest inline
inspection (“ILI”) data, match anomalies run over run and uses
predictive analytics to assist pipeline operators to achieve their
objective of zero pipeline failures.
·OneBridge will also be presenting information about phase two
of its CIM solution. OneBridge recently announced a working
relationship with Phillips 66 and phase two will be a product of
that relationship. This new phase will provide pipeline assessment
plan tracking, integrity compliance and threat tracking.
PPIM is the largest pipeline
integrity conference in the world.
·PPIM Conference is devoted exclusively to pigging for pipeline
maintenance and inspection, as well as pipeline integrity
evaluation and repair.
·More than 2,000 engineering management and field operating
personnel from both transmission and distribution companies
concerned with improving operations and integrity management, and
manufacturers and suppliers from around the world are expected to
attend PPIM, to learn about the latest in technology and field
experience presented by industry leaders. Attendees can also update
their knowledge and skills at numerous training courses offered at
the conference
·Presentations by leading industry participants will include ILI
data assessment, external coating inspection with ILI tools, new
regulations, and transformative technologies.
About OneSoft Solutions 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”) 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.
OneBridge develops and markets revolutionary new SaaS solutions
that use data science and Machine Learning to conduct predictive
analytics on big data 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.
Visit www.onebridgesolution.com for more
information.
For more information, please
contact
Dwayne Kushniruk, CEOdkushniruk@onesoft.ca (780) 437‐4950
Sean Peasgood, Investor RelationsSean@SophicCapital.com (416)
565-2805
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 Phillips
66’s ability to use the technology, as described, 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.
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