EDMONTON, AB / ACCESSWIRE / November 5, 2020 / OneBridge Solutions Canada Inc. ("OneBridge"), a wholly owned subsidiary of OneSoft Solutions Inc. (TSXV:OSS)(OTCQB:OSSIF) (the "Company" or "OneSoft") and EMDAD LLC, an Abu Dhabi-based integrated solution provider for the energy sector ("EMDAD") are pleased to announce a collaborative initiative to market and deploy OneBridge's Cognitive Integrity ManagementTM ("CIM") software-as-a-service ("SaaS") solution to manage oil and gas ("O&G") pipelines for EMDAD's clients in the United Arab Emirates and other select Middle East regions ("Teaming Agreement").
Pursuant to the spirit and terms of the Teaming Agreement OneBridge will contribute training and technical, marketing and sales support services to assist EMDAD to conduct production trials and commercial onboarding projects, with EMDAD providing high-value engineering, implementation and support services associated with CIM for its O&G clients.
The parties intend to kick off this joint effort by co-presenting as exhibitors to a target audience of EMDAD clients at the upcoming Abu Dhabi International Petroleum Exhibition & Conference ("ADIPEC") conference on November 9-12, 2020. Although the ADIPEC conference is normally hosted annually in Abu Dhabi as an attended event, drawing 155,000 trade visitors, 2,200 exhibiting companies and 11,000 conference delegates, the 2020 event will be held as a virtual venue due to challenges posed by Covid. This conference provides an opportunity to introduce CIM to attendees whose focus will be on key conference themes including "Building Future Business Resilience Through Technology, Innovation and Partnerships"; "Environmental, Social Governance ("ESG") and the O&G Industry in a Post-pandemic World"; and "Workforce of the Future: Positioning For Success In A Time of Change".
"Commencing this working relationship with OneBridge and CIM is very timely for both our clients and our company," said Aly Abdel Malak, EMDAD CEO. "The collaborative relationship with OneBridge fully aligns with EMDAD's strategy to advance higher value services for our clients by implementing next generation artificial intelligence, machine learning and digital transformation technologies that will greatly benefit our clients in their future operations."
"We strongly believe that CIM's automated capability to ingest, normalize, aggregate and analyze the multitude of data sets with machine learning and data science, more than any other single advancement in technology, will be the winning strategy to improve pipeline integrity management, save operational costs and ultimately reduce and stop pipeline failures," added Tim Edward, OneBridge President. "We are very pleased to be working with EMDAD, an innovative and agile industry leader in the U.A.E. and surrounding markets."
About EMDAD LLC
EMDAD, formerly operating as Al Bawardi since its inception in 1979, has kept pace with steady development that defined the industrial landscape of the United Arab Emirates. By utilizing its own resources and integrating partner capabilities, EMDAD has enabled key energy players in Abu Dhabi and certain other Middle East regions to achieve higher levels of reliability and performance by incorporating its core business expertise and select innovative technologies to provide integrated solutions for its upstream and downstream O&G clients. Visit www.emdad.ae for more information.
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 [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 Canada 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 and profitability of the Company 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 to deliver 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.
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SOURCE: OneSoft Solutions Inc.
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