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EDMONTON, AB / February 13, 2020 / OneSoft Solutions Inc. (the "Company" or "OneSoft") (TSXV:OSS)(OTCQB:OSSIF) is pleased to announce the establishment of the OneBridge Innovation Lab, an innovation center that will work with Microsoft, clients and partners to prove new data science, machine learning and predictive analytic models to advance the oil and gas ("O&G") pipeline industry.
Working collaboratively with Microsoft [MSFT] and O&G pipeline operators, the Innovation Lab represents a comprehensive and bold approach to innovation wherein OneBridge can incorporate multidisciplinary expertise involving legacy and leading-edge technologies concerning pipeline data management, analytics and processes. OneBridge Innovation Lab is structured to fast-track creation and scaling of new ideas to advance digital transformation agendas, through deployment of revolutionary machine learning and data science solutions based on Microsoft's Azure cloud computing platform and technologies.
"Through our Cognitive Integrity ManagementTM ("CIM") clients, prospects, and reseller partners, we're continually learning about new white space opportunities that can advance industry efficiencies through the application of new technologies and processes," said Tim Edward, OneBridge President and Visionary. "Most of these parties that are pursuing a digital strategy have already established internal innovation labs to investigate next generation technology initiatives, but have limited experience in leveraging machine learning and data science for their solutions. This is where our expertise comes in. Along with Microsoft, our customers and prospects have expressed interest in leveraging our CIM platform and expertise as part of their strategies. We believe this is highly opportunistic to expand our footprint of mission critical solutions for the industry, as well as to potentially spring-board OneBridge into new markets such as water and sewer."
OneBridge will be unveiling its Innovation Lab to industry participants at the upcoming Pipeline Pigging and Integrity Management Conference and Exhibition ("PPIM") conference, the O&G industry's primary forum devoted exclusively to pigging for maintenance and inspection, as well as integrity evaluation and repair. Established in 1989, PPIM is celebrating its 32nd anniversary in 2020, with a global attendee presence.
"We believe that PPIM provides an ideal opportunity to formally launch our Innovation Lab strategy," said Brandon Taylor, OneSoft President and COO. "We intend to solicit ideas from multiple industry experts and develop prototype solutions using "Test Fast, Learn Fast, Scale Fast" methodologies which can then be incorporated into the CIM roadmap, with a view to accelerating commercial availability timelines for such new applications."
OneBridge Innovation Lab operates as a division of the Company's wholly owned subsidiary, OneBridge Solutions Inc. ("OneBridge"). Parties with interest in learning more or joining the OneBridge Innovation Lab are encouraged to email firstname.lastname@example.org.
About OneSoft and OneBridge
OneSoft has developed software technology and products that have capability to transition legacy, on-premise licensed software applications to operate on the Microsoft [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
Dwayne Kushniruk, CEO
Sean Peasgood, Investor Relations
This news release contains forward-looking statements relating to the future operations, product creation revenues and profitability of the Company, the Company's efforts to develop and commercialize the technology with the capabilities 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 for the purpose of delivering 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: interest and foreign exchange rates; planned synergies, capital efficiencies and cost-savings; applicable tax laws; the sufficiency of budgeted capital expenditures in carrying out planned activities; the availability and cost of labour and services; the efficacy of its software, its ability to complete projects to expected deadlines, the success of growth projects; future operating costs; that counterparties to material agreements will continue to perform in a timely manner; that there are no unforeseen events preventing the performance of contracts; and that there are no unforeseen material development or other costs related to current growth projects or current operations. 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; human capital engagement and availability, ability to access sufficient financial 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 as a result 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.
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SOURCE: OneSoft Solutions Inc.
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