EDMONTON, AB / ACCESSWIRE / August 1, 2018 / OneSoft Solutions Inc. (the "Company" or "OneSoft") (TSXV:
OSS) (OTCQB: OSSIF) (FWB: 5S5) is pleased to announce that its wholly owned subsidiary, OneBridge Solutions Inc.
("OneBridge") has initiated a Pilot program with Sinclair Oil, a family-owned, vertically-integrated oil company ("Sinclair"), to
conduct a trial use of the Company's Cognitive Integrity ManagementTM ("CIM") software-as-a-service ("SaaS")
solution to investigate the use of advanced Data Science and Machine Learning technologies in conducting integrity management for
segments of Sinclair's pipeline system.
"Sinclair's vision is to relentlessly pursue a safe, reliable, environmentally responsible and profitable operation, to ensure a
sustainable future for its owners and employees and the communities where they operate," stated Robin Magelky, Senior Sales
Engineer at OneBridge. "We are proud to work with them to investigate our new, cutting-edge technology that supports their vision
and look forward to demonstrating how Machine Learning can augment their current processes to improve data analytics capability to
detect potential threats to their pipelines."
"We are pleased to be working with Sinclair Oil on this pilot, who brings a different client perspective," stated OneSoft CTO
Brandon Taylor. "Engaging with Sinclair affirms the achievement of our objective of creating software that is scalable for use by
different clients with different internal processes. We expect to garner valuable insight about deploying our solutions for clients
like Sinclair, who represent a large segment of our potential customers."
About Sinclair Oil
Sinclair is a family-owned, vertically-integrated oil company founded more than 100 years ago, which has grown through high
entrepreneurial spirit over the past century to become one of the oldest, continuous, U.S.A. brands in the oil business today.
Based in Salt Lake City, Utah, the company is involved in all aspects of the industry including oil and gas exploration, motor fuel
distribution, refineries, and operation of more than 1,400 company owned retail locations spanning 28 states, all identified by the
company's "Dino the Dinosaur" iconic branding. Sinclair owns and operates more than 1,000 miles of pipelines to transport crude oil
and refined transportation fuels; several crude oil terminals with combined storage of more than 2 million barrels; and several
light product terminals located in Northern and Mid-Western states, with aggregate storage capacity of 2.7 million barrels.
Sinclair also has joint venture financial interest in additional pipelines and light product terminals, as well as refineries in
the North West U.S.A. whose combined capacity exceeds 100,000 barrels per day, making Sinclair the largest refiner in the Rocky
Mountain region.
About the Pilot Program
Pursuant to the terms of the Pilot Program agreement, OneBridge will normalize inline inspection ("ILI") data for segments of
pipelines, ingest the data, map certain shape and ILI files, and align anomalies and calculate their growth rates. CIM provides
revolutionary Pattern Detection and Interacting Threats functionality using data science and proprietary Machine Learning
algorithms, which are designed to detect threats to pipelines over time using Predictive Analytics, as well as advanced business
intelligence, graphical presentations, and reporting of the data that operators require to manage their pipeline
infrastructure.
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 Data
Science and Machine Learning to apply predictive analytics to big data, which 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
dkushniruk@onesoft.ca
(780) 437‐4950
Sean Peasgood, Investor Relations
Sean@SophicCapital.com
(647) 494-7710
Forward-looking Statements
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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: OneSoft Solutions Inc.
