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Criticalcontrol Sltns Cp CCZFF

Critical Control Energy Services Corp is engaged in the business of providing solutions for the collection, control, and analysis of measurement and operational data related to oil and gas wells across North America. It provides services to capture data, cloud-based software to visualize and manage it, and business intelligence to make operational decisions. The reportable segments of the company are Software and Field Services. The Software business provides cloud-based software and software-ba


GREY:CCZFF - Post by User

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Post by GuyFon Jan 11, 2005 9:28am
115 Views
Post# 8412206

Excellent news

Excellent newsPetrobras and Transpetro Expand Use of CriticalControl's Leak Detection Software in Brazil CALGARY, ALBERTA--(CCNMatthews - Jan. 11, 2005) - CriticalControl Solutions Corp., ("CriticalControl" or the "Company") (TSX VENTURE:CCZ) is pleased to announce that it has reached an agreement with Petrobras, Brazil's state owned oil and gas company and its subsidiary, Transpetro, for the expanded use of CriticalControl's industry leading leak detection software, LeakWarn. Transpetro has chosen to standardize to LeakWarn for its leak detection needs and anticipates implementing LeakWarn in over 200 pipeline segments over the next three years. In order to facilitate the increased scope, Petrobras will prepay to increase its current site license for the use of LeakWarn from 3,500 km to 5,000 km and commit to 3 years of support. In addition, CriticalControl will be engaged to configure and tune LeakWarn for each new pipeline segment. About CriticalControl: CriticalControl is a technology company that builds, implements and manages critical business process solutions. Our proprietary products are data management tools to operate the critical business operations of our government and energy sector clients. In addition to our proprietary products, we implement large scale document and records management solutions using our strong domain expertise and in depth knowledge of our customer base. Where critical processes require unconditional continuity, our clients look to us to manage and perform certain operational functions on a short term or long term, outsourced basis. For more information, please visit www.criticalcontrol.com. -30- FOR FURTHER INFORMATION PLEASE CONTACT: CriticalControl Solutions Corp. Mr. George Watson Chief Executive Officer (403) 705-7500 or CriticalControl Solutions Corp. Mr. Alykhan Mamdani President (403) 705-7500 The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.
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