OneSoft Solutions Inc. (TSXV:OSS, OTCQB:OSSIF) announced a multi-year agreement with a North American pipeline operator to implement its Cognitive Integrity Management (CIM) SaaS solution. This partnership aims to optimize the operational efficiency of an above-ground pipeline system designed for harsh climates, bringing unique challenges compared to conventional underground pipelines. The agreement highlights the adaptability of CIM technology across diverse pipeline systems, indicating potential for broader applications in the industry.
OneSoft Solutions Inc. (TSXV:OSS)(OTCQB:OSSIF) has been ranked No. 112 in the Report on Business 2020 ranking of Canada’s Top Growing Companies, achieving remarkable three-year revenue growth of 434%. The Company focuses on cloud-based machine learning solutions aimed at enhancing safety for oil and gas pipeline operations. CEO Dwayne Kushniruk highlighted their commitment to integrating diverse data sets to prevent pipeline failures. The complete ranking includes 400 companies recognized for their entrepreneurial achievements, with further details available in the October issue of Report on Business.
OneSoft Solutions Inc. (TSXV:OSS)(OTCQB:OSSIF) will present at the MicroCap Leadership Summit on September 25, 2020. COO Brandon Taylor will provide updates on operational progress, including an expanding sales funnel and increased international interest. The presentation will be accessible on the company's website. The event aims to connect microcap investors with promising companies and focuses on the software technology that transitions legacy systems to Microsoft Azure, targeting cost-efficient, subscription-based solutions in the Oil & Gas sector.
OneSoft Solutions Inc. has announced a private preview of new functionality for its Cognitive Integrity Management (CIM) SaaS solution, enabling users to integrate Cathodic Protection Survey (CPS) data. This advancement aims to enhance the detection of potential pipeline threats. The functionality is designed to automate the correlation of CPS and inline inspection data, improving integrity management efforts. The company anticipates increased utilization of CIM as CPS data is collected more frequently than ILI data. Client feedback will guide future enhancements.
OneSoft Solutions Inc. (TSXV:OSS)(OTCQB:OSSIF) announced that President and COO Brandon Taylor will present at the LD 500 investor conference on September 3, 2020. Despite COVID-related delays, the company reported ongoing sales projects across multiple countries, and its Innovation Lab is exploring initiatives to expand market reach. OneSoft maintains a strong balance sheet with $9.5 million in cash and no debt. Investors are encouraged to review the company's Q2 MD&A for further insights.