Fortune 50 Oil and Gas Industry Leader Adopts CIM Platform To Progress Digital Transformation for Its Pipeline Operations
OneSoft Solutions announced a multi-year agreement with a Fortune 50 oil and gas client to deploy its Cognitive Integrity Management (CIM) platform for pipeline integrity management. This collaboration aims to enhance the client's digital transformation, leveraging machine learning and data science for improved operational efficiencies and cost reductions. The client, recognized for low-carbon fuel production, operates several renewable and petroleum facilities globally. OneSoft anticipates this partnership will yield substantial benefits as both parties advance their commitment to innovation and safety.
- Secured a multi-year agreement with a Fortune 50 client.
- Client recognized for leadership in low-carbon fuel production.
- CIM platform expected to enhance digital transformation and operational efficiency.
- None.
EDMONTON, AB / ACCESSWIRE / August 16, 2022 / OneSoft Solutions Inc. (TSXV:OSS; OTCQB:OSSIF) ("OneSoft") today announced that a Fortune 50 oil and gas industry leader (the "Client") has entered into a multi year agreement with OneSoft's wholly owned subsidiary, OneBridge Solutions Inc. ("OneBridge") to adopt Cognitive Integrity ManagementTM ("CIM") platform and software-as-a-service products for its pipeline integrity management.
The Client is an international refiner and marketer of transportation fuels and petrochemical products and operates numerous ethanol, renewable diesel plants and petroleum refineries situated in the U.S. and other countries. The Client is recognized for its industry leadership regarding low-carbon fuel production and advancing safety, ESG and philanthropic initiatives as part of its management strategies to benefit stakeholders and the communities in which it operates.
Adoption of CIM will enable the Client to accelerate its digital transformation efforts for its pipeline operations with expectation to escalate efficiencies and reduce costs by leveraging machine learning and data science to enhance its asset integrity management processes.
"We are very pleased to add this Client as a CIM user," said Brandon Taylor, OneSoft President. "Having worked with their team through a comprehensive production trial process, we expect their high degree of expertise and commitment to innovation will result in a timely and successful transition to CIM and result in the benefits envisioned."
About OneSoft and OneBridge
OneSoft has developed software technology and products that have capability to transition legacy, on-premises licensed software applications to operate on the Microsoft 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 Canada Inc., develops and markets revolutionary new SaaS solutions that use advanced Data Sciences and Machine Learning to analyze big data using predictive analytics to 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.
OneSoft Solutions Inc. Dwayne Kushniruk, CEO 587-416-6787 | Sean Peasgood, Investor Relations 647-494-7710 |
Forward-looking Statements
This news release contains forward-looking statements relating to the future operations and profitability of OneSoft Solutions Inc. (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 to deliver 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.
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SOURCE: OneSoft Solutions Inc.
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