EDMONTON, ALBERTA–(Marketwired – July 13, 2016) – OneSoft Solutions Inc. (the “Company” or “OneSoft”) (TSX VENTURE:OSS) is pleased to announce that the revolutionary technology which is under development by its wholly owned subsidiary, One Bridge Solutions Inc. (“OneBridge”) has been referenced today in an article published by Forbes, written in connection with the recent world-wide fascination with “Pokémon GO” as the first wildly successful “killer app” for consumers that uses augmented reality technology. Augmented reality essentially overlays digital content onto the real world.
“The article suggests that the success of Pokemon GO is great news for Microsoft because Pokemon GO serves to educate consumers regarding the benefits of augmented reality in a way that is easy to comprehend”, states Brandon Taylor, CTO and President of OneBridge US. “This paves the way for companies like OneBridge to develop commercial applications using Microsoft’s HoloLens technology whose benefits are easily understood by our customers. In our case, we are developing the technology to overlay digital data associated with pipeline infrastructure onto the pipeline itself, so that field personnel can intuitively associate a specific piece of their pipeline in the real world with the specific digital data, including In-Line Inspection data, NDE data, reports, photos and the like that pertains to that exact section of pipe, by peering through a HoloLens which instantly connects data to the dig site.”
Tim Edward, President and founder of OneBridge Canada added, “The benefits of having been selected to participate in Microsoft’s recent Accelerator program clearly continues to evolve. It is that program and association that has put us in the position of capitalizing on Microsoft’s cloud technology platform and services. We are very pleased that technology experts are paying attention and reporting on the revolutionary advancements that we are working on for the oil and gas pipeline industry.”
To view the whole article, click here. The article is entitled “Why Pokemon GO is Great News for Microsoft”. The reference to OneBridge is on the second page of the article.
About OneSoft Solutions Inc.
OneSoft Solutions Inc. has developed software technology and products that have capability to transition legacy, on-premise licensed software applications to operate on the Microsoft Cloud, in conjunction with Office 365, CRM Online and Microsoft Azure. OneSoft’s business strategy is to seek opportunities to convert legacy business software applications that are historically cumbersome to deploy and costly to operate, to a more cost efficient subscription based business model utilizing the Microsoft Cloud, with accessibility through any internet capable device. Visit www.onesoft.ca for more information.
About OneBridge Solutions Inc.
OneSoft’s wholly owned subsidiary, OneBridge Solutions Inc., is developing revolutionary new applications for the oil and gas pipeline industry. OneBridge utilizes a single geo-spatial database that accommodates pipe-centric, structured and unstructured big data, with capability to address the key functions that pipeline companies require to manage, operate and maintain their pipelines. OneBridge solutions, which are deployed as SaaS applications on Microsoft’s Azure platform, address public awareness and regulatory requirements, and utilize new Machine Learning and Data Science components of Microsoft Cloud technology to address integrity management and risk assessment. Visit www.onebridgesolutions.com for more information.
Forward-looking Statements
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 for the purpose of providing 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 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 a number of 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; ability to access sufficient 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.
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