OneSoft’s Machine Learning Solutions Showcased at Microsoft-Executive Briefing Center in Brussels for EMEA Oil and Gas Exec...
May 14 2018 - 7:00AM
OneSoft Solutions Inc. (the “Company” or “OneSoft”)
(TSX-V:OSS, OTC:OSSIF) is pleased to report that Brandon
Taylor, CTO and President of OneSoft’s OneBridge USA subsidiary,
presented the Company’s Machine Learning solutions at an Executive
Briefing Center event hosted by Microsoft last week in Brussels,
Belgium. Mr. Taylor demonstrated the Company’s technology to senior
oil and gas (O&G) industry executives from Europe, Middle East
and Africa (“EMEA”) and subsequently engaged in one-on-one meetings
with prospective customers and potential reseller partners during
the two-day event.
“The invitation to present at this event with other high-profile
industry leaders including Baker Hughes GE, PriceWaterhouseCoopers
and Honeywell continues to demonstrate Microsoft’s strong
commitment to market OneBridge’s solutions globally,” said Mr.
Taylor. “We were thrilled to introduce our Machine Learning
solution to prospective customers outside of North America, and to
meet the executives and decision makers with whom we will follow up
as part of our sales process.”
The event was organized to enlighten attendees about Microsoft’s
technology and partner strategies that can assist Oil & Gas
organizations to accelerate their digital transformation to
leapfrog ahead of competitors, by leveraging Data Science, AI and
Machine Learning, and Predictive Analytics.” Click here for more
information about the event.
Professionals in Oil & Gas Industry Set to Retire en
Masse
Microsoft reported that this is a pivotal time for the Oil &
Gas industry, as 2018 represents the first time in history that
more employees are expected to leave the industry than enter it,
with an estimation that half of the current workforce will retire
within the next 6 years. We believe this bodes well for OneSoft, as
our cutting-edge solutions automate manual processes and are highly
appealing to technology-savvy professionals who are early career
entrants to the Oil & Gas industry.
About OneSoft Solutions
Inc.
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 (“SaaS”)
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 http://www.onebridgesolutions.com/ for more
information.
For more information, please contact:
Dwayne Kushniruk, CEOdkushniruk@onesoft.ca (780) 437‐4950
Sean Peasgood, Investor RelationsSean@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 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; sufficient budgeted capital
expenditures to carry 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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