11:23:06 EDT Wed 01 May 2024
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or Name
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CA



OneSoft Solutions Inc
Symbol OSS
Shares Issued 121,106,314
Close 2023-07-20 C$ 0.73
Market Cap C$ 88,407,609
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OneSoft signs multiyear CIM deal with pipeline company

2023-07-20 12:26 ET - News Release

Mr. Brandon Taylor reports

MULTINATIONAL INDUSTRY LEADER ADOPTS ONESOFT'S CIM SOLUTION

Another pipeline operator (the client) has entered into a multiyear agreement with OneSoft Solutions Inc.'s wholly owned subsidiary, OneBridge Solutions Inc., to deploy the company's Cognitive Integrity Management (CIM) software-as-a-service (SaaS) solution.

Brandon Taylor, OneSoft president and chief operating officer, remarked: "We are pleased that CIM was selected by another leading pipeline company, following its comprehensive RFP process to investigate alternative solutions for integrity management of its pipeline assets. This client plans to initially deploy CIM's assessment planning, phase in our integrity compliance functionality, and subsequently evaluate threat monitoring, crack analysis, internal corrosion and risk management modules over the next 18 months. CIM's capability to leverage cloud computing, quality assurance and controls, vendor-agnostic data formats, and AI data analytics using machine learning, as well as CIM's capability to integrate with numerous proprietary in-house software solutions developed by the client, were key technology factors considered in choosing the OneBridge solution."

"We are excited to work with this client and believe we can help them realize significant financial savings," added Andy Florence, OneBridge vice-president of sales. "This company has a very clear vision to optimize their in-line inspection and asset maintenance programs and understands the economic benefits that CIM can provide to achieve this objective."

About the client

The client is a multinational pipeline and energy company with crude oil, natural gas and natural gas liquid pipelines situated throughout Canada and the United States. CIM will be deployed to assist in the client's management of part of its natural gas transmission and mid-stream pipeline assets situated in the U.S.

About OneSoft Solutions Inc.

OneSoft has developed software technology and products that have capability to transition legacy, on-premise licensed software applications to operate on the Microsoft Azure cloud platform. Its 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.

We seek Safe Harbor.

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