ACCESS Newswire
16 Aug 2022, 16:31 GMT+10
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.
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.
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: the impact of Covid-19 on the business operations of the Company and its current and prospective customers; the availability and cost of labor and services; the efficacy of its software; our interpretation based on various industry information sources regarding the total miles of pipeline in the USA and globally and which segments are piggable; our understanding of metrics, activities and costs regarding evaluation, inspection and maintenance is in alignment with various industry information sources and is reasonably accurate; that counterparties to material agreements will continue to perform in a timely manner; that there are no unforeseen events preventing the performance of contracts; that there are no unforeseen material development or other costs related to current growth projects or current operations; the success of growth projects; future operating costs; interest and foreign exchange rates; planned synergies, capital efficiencies and cost-savings; the sufficiency of budgeted capital expenditures in carrying out planned activities; and no changes in applicable tax laws. 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; ability to access sufficient 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 because 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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
SOURCE: OneSoft Solutions Inc.
Get a daily dose of Chicago Chronicle news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Chicago Chronicle.
More InformationNEW YORK CITY, New York: With just weeks to spare before a potential government default, U.S. lawmakers passed a sweeping tax and spending...
PARIS, France: Fast-fashion giant Shein has been fined 40 million euros by France's antitrust authority over deceptive discount practices...
PALO ALTO/TEL AVIV: The battle for top AI talent has claimed another high-profile casualty—this time at Safe Superintelligence (SSI),...
FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...
LONDON UK - U.S. stock markets were closed on Friday for Independence Day. Global Forex Markets Wrap Up Friday with Greeback Comeback...
(Photo credit: Jesse Johnson-Imagn Images) At 16-2, the Minnesota Lynx are playing with calmness and confidence -- and not a hint...
(Photo credit: David Banks-Imagn Images) The Chicago Cubs have been beset by pitching injuries this season, with Jameson Taillon...
(Photo credit: Ron Chenoy-Imagn Images) The Chicago White Sox didn't win their 31st game of 2024 until Aug. 21 en route to setting...
New Delhi [India], July 6 (ANI): It was a landmark day for cricket in the USA as the teams assembled an exciting mix of international...
(Photo credit: Gary A. Vasquez-Imagn Images) The visiting Boston Red Sox will look for more of the same from their offense Sunday...
(Photo credit: John E. Sokolowski-Imagn Images) Addison Barger hit an RBI single with two outs in the 11th inning and the Toronto...