Cooperative Adopts OneSoft's SaaS Solution to Optimize Pipeline Operations
EDMONTON, AB / March 23, 2022 / OneSoft Solutions Inc. (TSXV:OSS)(OTCQB:OSSIF) ("OneSoft") is pleased to announce that a large US-based cooperative is the latest customer (the "Client") to have adopted Cognitive Integrity Management ("CIM"), the software-as-a-service ("SaaS") solution developed by OneSoft's subsidiary, OneBridge Solutions Canada Inc. ("OneBridge").
CIM was selected following an extensive due diligence process conducted by the Client, with the objectives of optimizing its pipeline integrity and data management systems. The CIM production trial, performed in collaboration with the Client's personnel, focused on using CIM to automate manual work efforts and to leverage advanced data management and analyses to improve operational efficiencies and reduce costs.
As part of the production trial, various data sets for a segment of pipeline were integrated and aligned, enabling CIM to perform advanced data analyses which identified that significantly fewer pipeline excavations and inspections would be required, compared to use of legacy analytics processes.
Brandon Taylor, OneSoft President stated, "The production trial for this Client reaffirmed that CIM can save maintenance costs by using more data and superior analytics to make better operational decisions, which ultimately drive efficiencies and cost reductions. The type of scenario investigated in this production trial was discussed in detail in our Repair Fraction white paper that was presented to pipeline operators at the PPIM tradeshow event in 2020, which presents metrics that approximately half of the pipeline excavations done historically, based on analyses using legacy systems, were unproductive."
About the Client
The Client is a US-based global cooperative that operates several business units including refineries and pipelines in the U.S.A. and Canada, with a strong focus on environmental responsibility, integrity, safety and compliance to Company internal and regulatory standards.
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 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 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:
Sheena Sandhu, VP - Marketing
Dwayne Kushniruk, CEO
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