OneSoft Reports Fiscal 2023 Preliminary Summary

Edmonton, Alberta — Based in Edmonton, Alberta, OneSoft Solutions Inc. developed cutting-edge machine learning technology specifically engineered for the oil and gas pipeline industry. The company's CIM platform represented a paradigm shift from traditional integrity management methods to a data-driven, predictive approach that delivered significant cost savings to operators across North America.

OneSoft's technology addressed a fundamental challenge in pipeline operations: the gap between the volume of inspection data available and the ability of operators to analyze it effectively. Traditional methods relied heavily on manual spreadsheet analysis, which was slow, error-prone, and could not scale. CIM automated these workflows and provided pipeline engineers with probabilistic risk assessments that improved decision-making.

The development of the CIM platform involved close collaboration with pipeline operators, academic researchers, and technology partners. OneSoft's relationship with Microsoft was particularly significant, as the company leveraged Azure's cloud computing capabilities to process large volumes of ILI data and deliver results through a web-based interface accessible to integrity engineers worldwide.

Following the completion of the arrangement with Irth Solutions LLC, OneSoft Solutions' shares were delisted from the TSX Venture Exchange. The company's technology and team continue to operate under the Irth Solutions umbrella, bringing machine learning-driven pipeline integrity management to an even broader global audience.