OneBridge Announces Availability of API 1163 ILI Performance Validation in Cognitive Integrity Management
OneSoft Solutions announced that its subsidiary, OneBridge Solutions, has integrated API 1163 In-line Inspection (ILI) System Qualifications Level 2 and Level 3 into its Cognitive Integrity Management (CIM) software. API 1163, an industry standard for pipeline performance, is now part of US regulations for gas and hazardous liquid pipelines. This update allows OneBridge to perform ILI system performance validation quickly, incorporating guidelines and tools from the Pipeline Research Council International (PRCI). This new feature saves significant time compared to traditional methods and is available to all CIM users at no extra cost. The integration aims to enhance the reliability, accuracy, and safety of pipeline inspections.
- Integration of API 1163 ILI System Qualifications enhances pipeline performance standards.
- CIM Version 3.40 allows rapid ILI system performance validation, saving significant time.
- Update aligns with US regulations for gas and hazardous liquid pipelines.
- The new features are available at no additional cost for current CIM users.
- Collaboration with pipeline operators ensures practical implementation.
- Automatically incorporates historic and current repair data.
- Improves reliability, accuracy, and safety of pipeline inspections.
- No financial data or revenue projections provided for the new integration.
- The press release does not mention any immediate impact on stock performance.
- Potential risks if the new updates fail to meet industry expectations or regulatory standards.
EDMONTON, AB / ACCESSWIRE / June 11, 2024 / OneSoft Solutions Inc. (TSXV:OSS)(OTCQB:OSSIF) (OneSoft) is pleased to announce that OneSoft's wholly owned OneBridge Solutions, Inc. operating subsidiary (OneBridge) has incorporated API 1163 In-line Inspection Systems Qualification Level 2 and Level 3 analysis and reporting capabilities into OneBridge's Cognitive Integrity Management® ("CIM") software-as-a-service ("SaaS") solution.
American Petroleum Institute ("API") 1163 and Pipeline Research Council International ("PRCI")
API 1163 serves as the industry standard for qualifying ILI system performance and is now incorporated in US regulations for both gas and hazardous liquid pipelines. On March 17, 2023, the Pipeline Research Council International published a report associated with project IM-1-06 entitled "API 1163 Performance Validation Guidelines" to provide clarity on how to correctly implement API 1163. A spreadsheet tool was also included to assist with qualifying and quantifying ILI system performance.
OneBridge will release its latest version of Cognitive Integrity Management® ("CIM") Version 3.40 seamlessly integrating API 1163 Level 2 and Level 3 analysis and reporting, utilizing the guidelines and spreadsheet tool put forth by PRCI. By harnessing its alignment capabilities, CIM automatically populates the "Data" table of the PRCI spreadsheet, incorporating both historic and current repair data. Results of the calculations are then autogenerated allowing users to access and review Level 2 and 3 reports.
The OneBridge team has collaborated with pipeline operators via a user group to implement the API 1163 validation process and associated workflow into CIM. This new implementation allows for completion of ILI system performance validation in minutes, saving operators significant time over traditional manual methods. Conducting an API 1163 analysis is accessed and included via the Integrity Compliance process within CIM, similar to how a user would analyze ILI data to identify repair conditions. This functionality is available without additional charge to all users having a subscription to use CIM.
OneSoft President & COO, Brandon Taylor, commented, "OneBridge's mission is to assist pipeline operators in preventing pipeline failures by utilizing their assessment data appropriately, thereby incorporating PRCI's guidance on API 1163 analysis and reporting was a logical inclusion. This inclusion allows operators to easily and accurately align their processes and procedures with industry best practices, enhancing the reliability and accuracy of inspections, while enhancing the safety and integrity of pipelines."
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 subsidiaries, OneBridge Solutions 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
| Dwayne Kushniruk, CEO dkushniruk@onesoft.ca 587-416-6787 | Sean Peasgood, Investor Relations Sean@SophicCapital.com 647-494-7710 |
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SOURCE: OneSoft Solutions Inc.
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