OneSoft and Advisian Enter Into Teaming Agreement and Initiate First CIM Project with Australian Pipeline Company
OneSoft Solutions Inc. has partnered with Advisian to enhance pipeline integrity management through the use of their Cognitive Integrity Management (CIM) software-as-a-service. This agreement allows Advisian to deploy CIM globally for pipeline integrity projects, leveraging machine learning and data analytics.
The collaboration follows successful Production Trials in Australia and Europe, which confirmed the efficacy of CIM in managing pipeline risks and improving operational efficiency. This partnership aims to create ongoing consulting agreements and expand their market presence.
- Strategic agreement with Advisian expands CIM's global reach.
- Successful Production Trials demonstrated CIM's effectiveness in pipeline integrity management.
- Potential for ongoing consulting agreements leading to recurring revenue.
- None.
EDMONTON, AB and BRISBANE, AUSTRALIA / ACCESSWIRE / June 23, 2021 / OneSoft Solutions Inc. (TSXV:OSS)(OTCQB:OSSIF) ("OneSoft") and Advisian, a Worley global consulting business ("Advisian"), have entered into a Teaming Agreement ("Agreement") to conduct collaborative pipeline integrity projects using the Cognitive Integrity Management ("CIM") software-as-a-service ("SaaS") solution developed by OneSoft's subsidiary, OneBridge Solutions Canada Inc. ("OneBridge"). Pursuant to the terms of the Agreement, Advisian may deploy CIM on a global basis for pipeline integrity management projects managed by Advisian and provide engineering services for certain OneBridge clients.
Advisian initially began to investigate CIM in 2018 as a software platform to provide their clients with high value engineering services associated with pipeline integrity management, including prediction of failures, threats, risk analyses and transformation from legacy to advanced methodologies by leveraging machine learning, data science and cloud computing. Commencing in March 2020 Advisian engaged with several pipeline operators in Australia and Europe to conduct Production Trials using CIM, resulting in several case studies that validate the high value of integrating CIM capabilities with advanced engineering expertise and services provided by Advisian.
"Following thorough testing and investigation covering a wide range of scenarios, we are confident that the combination of CIM and our engineering services will result in the best pipeline management solution available for operators anywhere in the world today," said Peter Cox, Advisian Vice President, Energy and Chemicals. "CIM provides the ideal data management and computing platform to accelerate digital transformation and next generation solutions for our clients."
As a result of one of the Production Trials conducted in Australia, a major pipeline operator has engaged Advisian to conduct an extensive pipeline integrity management project, involving historic and current inline inspection data alignment, fitness for service and anomaly growth rate assessments. In collaboration with Advisian, OneBridge developed the CIM "pay-as-you-go" usage model to accommodate CIM use for such one-time projects, with the expectation that such projects may ultimately convert to ongoing Advisian consulting and CIM SaaS user agreements. Certain international user requirements were incorporated into CIM during 2020, including imperial to metric conversions and some additional functionality that differs from North American requirements. Continuing sales efforts are expected to generate other joint projects for CIM and Advisian services in the future, with additional pipeline operators in Australia, EMEA and North America.
Hossein Khalilpasha, Advisian Principal Integrity Engineer and Asset Integrity Lead stated, "The case studies we performed demonstrated that our analysis of clients' data using CIM with machine learning is not only more accurate, much faster and less costly for clients, but also provides state-of-the-art 3D visualization of pipeline data that empowers engineers to surface and contextualize pipeline conditions and threats that legacy integrity management systems and processes used today do not rival."
"We greatly appreciate the dedication of the Advisian team members who have assisted to validate CIM for global use by working with pipeline operators outside of the U.S.A.," added Tim Edward, OneBridge President. "CIM is a unique data aggregation platform that ingests, normalizes and aligns the numerous disparate data sets that impact pipeline operations and facilitates advanced analytics using machine learning and data science. Worley/Advisian subject matter experts can then leverage CIM to assist their clients to reduce pipeline failures and improve integrity management practices in cost effective ways."
About Worley
Worley is a global company headquartered in Australia and our purpose is delivering a more sustainable world. Worley is a leading global provider of professional project and asset services in the energy, chemicals and resources sectors. As a knowledge-based service provider, we use our knowledge and capabilities to support our customers to reduce their emissions and move towards a low carbon future.
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
Dwayne Kushniruk, CEO
dkushniruk@onesoft.ca
587-416-6787
Sean Peasgood, Investor Relations
Sean@SophicCapital.com
647-494-7710
Advisian
Peter Cox, VP Energy & Chemicals
Peter.cox@worley.com
+61 402 007 539 | GMT + 10
Forward-looking Statements
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SOURCE: OneSoft Solutions Inc.
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FAQ
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