EDMONTON, AB / ACCESSWIRE / September 20, 2021 / OneSoft Solutions Inc. (TSXV:OSS)(OTCQB:OSSIF) (“OneSoft”) is happy to announce that a big U.S. pipeline operator (the “Client”) has entered right into a multi-year settlement with OneSoft’s wholly owned subsidiary, OneBridge Solutions Inc. (“OneBridge”) to combine Cognitive Integrity ManagementTM (“CIM”) software-as-a-service resolution into its asset and integrity administration practices for its pipeline operations.The Client is a midstream power chief that transports roughly 30% of pure gasoline and crude oil within the U.S.A. and has operations in Canada and different international locations. Company operations span quite a few U.S. states and embrace amenities for pure gasoline midstream, intrastate and interstate transportation and storage; crude oil; pure gasoline liquids and fractionation; refined product transportation; terminal belongings; and possession stakes in different oil and gasoline operations. The Client presently operates roughly 90,000 miles of pipelines and is actively in search of acquisition of extra power belongings to proceed its enterprise progress.The settlement displays a plan to initially onboard CIM for the Client’s piggable pipelines over a number of years, which presently comprise roughly 45% of its infrastructure, with potential alternative to subsequently incorporate probabilistic threat, direct evaluation and different new CIM performance enhancements for almost all of its pipeline belongings sooner or later.”We strongly consider that our CIM resolution will enrich this Client’s management position throughout the business and improve its ESG initiatives to profit its stakeholders, communities and the world at giant,” mentioned Dan Tipton, OneBridge VP of Sales. “The adoption of CIM to their asset administration program is a part of their dedication to enhance security, operational efficiencies and environmental safety and aligns with their digital transformation technique to innovate utilizing state-of-the-art machine studying, information science and cloud computing applied sciences.”Story continuesBrandon Taylor, OneSoft President and COO added, “Working by in depth manufacturing trial processes with the Client has demonstrated the excessive diploma of experience and dedication that its staff have contributed to the corporate’s exceptional evolution and progress over the previous 25 years. We look ahead to working with their personnel in furtherance of their firm goals and ongoing contributions to the business.”About OneSoft and OneBridgeOneSoft has developed software program know-how and merchandise which have functionality to transition legacy, on-premise licensed software program purposes to function on the Microsoft Azure Cloud Platform. Our enterprise technique is to search alternatives to incorporate Data Science and Machine Learning, enterprise intelligence and predictive analytics to create cost-efficient, subscription-based software-as-a-service options. Visit www.onesoft.ca for extra data.OneSoft’s wholly owned subsidiary, OneBridge Solutions Inc., develops and markets revolutionary new SaaS options that use superior Data Sciences and Machine Learning to analyze massive information utilizing predictive analytics to help Oil & Gas pipeline operators to predict pipeline failures and thereby save lives, defend the atmosphere, cut back operational prices and tackle regulatory compliance necessities. Visit www.onebridgesolutions.com for extra data.For extra data, please contactDwayne Kushniruk, [email protected] Peasgood, Investor [email protected] StatementsThis information launch comprises forward-looking statements relating to the longer term operations and profitability of OneSoft and different statements that aren’t historic information. Forward-looking statements are sometimes recognized by phrases reminiscent of “might”, “ought to”, “anticipate”, “expects”, “consider”, “will”, “intends”, “plans” and comparable expressions. Any statements which are contained on this information launch that aren’t statements of historic truth could also be deemed to be forward-looking statements. Such forward-looking data is offered to ship details about administration’s present expectations and plans relating to the longer term. Investors are cautioned that reliance on such data might not be applicable for different functions, reminiscent of making funding selections.In respect of the forward-looking data and statements OneSoft has positioned reliance on sure assumptions that it believes are cheap right now, together with expectations and assumptions regarding, amongst different issues: the affect of Covid-19 on the enterprise operations of OneSoft and its present and potential clients, the provision and price of labor and companies; the efficacy of its software program; our interpretation based mostly on varied business data sources relating to the overall miles of pipeline within the USA and globally, which segments are piggable; our understanding of metrics, actions and prices relating to analysis, inspection and upkeep is in alignment with varied business data sources and in all fairness correct; that counterparties to materials agreements will proceed to carry out in a well timed method; that there aren’t any unexpected occasions stopping the efficiency of contracts; that there aren’t any unexpected materials improvement or different prices associated to present progress tasks or present operations; the success of progress tasks; future working prices; curiosity and international change charges; deliberate synergies, capital efficiencies and cost-savings; the sufficiency of budgeted capital expenditures in finishing up deliberate actions; and no adjustments in relevant tax legal guidelines. Accordingly, readers mustn’t place undue reliance on the forward-looking data contained on this press launch. Since forward-looking data addresses future occasions and situations, such data by its very nature includes inherent dangers and uncertainties. Actual outcomes may differ materially from these presently anticipated due to many components and dangers. These embrace however aren’t restricted to the dangers related to the industries through which OneSoft operates generally reminiscent of: prices and bills; rate of interest and change price fluctuations; competitors; capacity to entry enough capital from inner and exterior sources; and adjustments in laws, together with however not restricted to tax legal guidelines.Readers are cautioned that the foregoing checklist of things will not be exhaustive. Forward-looking statements contained on this information launch are expressly certified by this cautionary assertion. The forward-looking statements contained on this information launch are made as of the date of this information launch, and OneSoft undertakes no obligation to replace publicly or to revise any of the included forward-looking statements, whether or not due to new data, future occasions or in any other case, besides as expressly required by Canadian securities regulation.This information launch doesn’t represent a proposal to promote or the solicitation of a proposal to purchase any securities throughout the United States. The securities to be supplied haven’t been and won’t be registered below the U.S. Securities Act of 1933, as amended, or any state securities legal guidelines, and might not be supplied or bought within the United States absent registration or an relevant exemption from the registration necessities of such Act or different legal guidelines.The TSX Venture Exchange has not reviewed and doesn’t settle for duty for the adequacy or accuracy of this launch.SOURCE: OneSoft Solutions Inc.View supply model on accesswire.com: https://www.accesswire.com/664654/US-Midstream-Energy-Leader-Adopts-CIM-Machine-Learning-Solution-to-Augment-Its-Pipeline-Asset-Management-System
U.S. Midstream Energy Leader Adopts CIM Machine Learning Solution to Augment Its Pipeline Asset Management System
