|By Marketwired .||
|February 21, 2014 09:01 AM EST||
CALGARY, ALBERTA -- (Marketwired) -- 02/21/14 -- CriticalControl Solutions Corp. (TSX: CCZ) is pleased to announce that a prominent Western Canadian based oil and gas producer ("Producer") has selected ProTrend and ProMonitor Risk + Integrity, two CriticalControl cloud-based solutions for oil and gas production data, for deployment in its Canadian operations.
ProMonitor Risk + Integrity is a data-driven solution that helps oil & gas producers monitor the risk and integrity of their pipeline assets. It is the newly developed module of CriticalControl's ProMonitor platform and leverages the same Geographic Information System (GIS) map-based interface that underpins the ProMonitor data-driven measurement schematics module that CriticalControl launched in 2013.
ProTrend provides producers with a centralized system for the management of oil & gas composition analysis information and integrates with ProMonitor Risk + Integrity to provide producers with critical data needed for pipeline risk analysis.
"The development of our second ProMonitor module and its rapid adoption by a growing producer in Canada is an endorsement of the ProMonitor platform," said Alykhan Mamdani, President and CEO of CriticalControl. "In addition to being a new product, ProMonitor Risk + Integrity provides further utility to the Corporation's cloud-based ProTrend application".
The deployment of both the ProMonitor Risk + Integrity and ProTrend solutions across the Producer's corporate environment is expected to take place over the course of the next four months with estimated revenue potential for CriticalControl of $740,000 over three years.
About ProMonitor Risk + Integrity
ProMonitor Risk + Integrity integrates, cross-references and validates a variety of public and private data, which is then used to generate visual depictions of the various pipeline and gathering systems. Both the data and the visuals are securely accessed through a Geographic Information System (GIS) map-based web interface. The solution uses proprietary risk scoring algorithms that account for a wide variety of factors and alerts producers to issues within their gathering systems. In so doing, ProMonitor Risk + Integrity helps producers address issues of environmental concern and focus their risk mitigation and response efforts for maximum efficiency and productivity.
ProTrend is CriticalControl's solution that provides oil & gas producers with a centralized system for the ongoing management and leveraging of oil & gas composition analysis information for the purposes of regulatory compliance, measurement accuracy and maximization of well production.
ProTrend allows producers to set standards for oil & gas composition on a well-by-well basis and alerts them to trends and differences that require intervention, creating significant, measurable efficiencies.
ProTrend is currently used to manage composition data for over 150,000 measurement points in Canada and is in the process of being adapted for use by producers in the United States.
Forward Looking Statements
This press release contains expectations of revenue to be derived from the Producer's selection of the Corporation's ProTrend and ProMonitor Risk + Integrity solutions. The actual contract with the Producer is based on the number of measurement points added to ProTrend and the number of pipeline segments implemented on the ProMonitor Risk + Integrity software. Actual revenue may differ in the event the Producer's assets change in size during the course of the contract. ProMonitor Risk+ Integrity is a new offering and expectations related to implementation are subject to risk given the lack of maturity of the final product.
In a world of escalating globalization, with an increasingly transient workforce, enterprises have difficulty maintaining their knowledge and are forced to focus on their key market advantages to remain competitive. CriticalControl provides these enterprises with secure and cost-effective solutions for the completion of document and information intensive business processes through an integrated offering of software, outsourced services and optimized business processes.
CriticalControl Solutions Corp.
President & CEO
Nov. 24, 2014 12:45 PM EST Reads: 451
Nov. 24, 2014 12:30 PM EST Reads: 204
"SAP had made a big transition into the cloud as we believe it has significant value for our customers, drives innovation and is easy to consume. When you look at the SAP portfolio, SAP HANA is the underlying platform and it powers all of our platforms and all of our analytics," explained Thorsten Leiduck, VP ISVs & Digital Commerce at SAP, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4-6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Nov. 24, 2014 12:15 PM EST Reads: 290
Bit6 today issued a challenge to the technology community implementing Web Real Time Communication (WebRTC). To leap beyond WebRTC’s significant limitations and fully leverage its underlying value to accelerate innovation, application developers need to consider the entire communications ecosystem.
Nov. 24, 2014 12:00 PM EST Reads: 1,323
The definition of IoT is not new, in fact it’s been around for over a decade. What has changed is the public's awareness that the technology we use on a daily basis has caught up on the vision of an always on, always connected world. If you look into the details of what comprises the IoT, you’ll see that it includes everything from cloud computing, Big Data analytics, “Things,” Web communication, applications, network, storage, etc. It is essentially including everything connected online from ha...
Nov. 24, 2014 11:00 AM EST Reads: 1,429
SYS-CON Events announced today that Windstream, a leading provider of advanced network and cloud communications, has been named “Silver Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9–11, 2015, at the Javits Center in New York, NY. Windstream (Nasdaq: WIN), a FORTUNE 500 and S&P 500 company, is a leading provider of advanced network communications, including cloud computing and managed services, to businesses nationwide. The company also offers broadband, p...
Nov. 23, 2014 07:30 PM EST Reads: 1,715
The 4th International DevOps Summit, co-located with16th International Cloud Expo – being held June 9-11, 2015, at the Javits Center in New York City, NY – announces that its Call for Papers is now open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's large...
Nov. 23, 2014 12:30 PM EST Reads: 1,403
"There is a natural synchronization between the business models, the IoT is there to support ,” explained Brendan O'Brien, Co-founder and Chief Architect of Aria Systems, in this SYS-CON.tv interview at the 15th International Cloud Expo®, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
Nov. 23, 2014 12:00 PM EST Reads: 1,646
Verizon Enterprise Solutions is simplifying the cloud-purchasing experience for its clients, with the launch of Verizon Cloud Marketplace, a key foundational component of the company's robust ecosystem of enterprise-class technologies. The online storefront will initially feature pre-built cloud-based services from AppDynamics, Hitachi Data Systems, Juniper Networks, PfSense and Tervela. Available globally to enterprises using Verizon Cloud, Verizon Cloud Marketplace provides a one-stop shop fo...
Nov. 23, 2014 11:00 AM EST Reads: 1,364
Leysin American School is an exclusive, private boarding school located in Leysin, Switzerland. Leysin selected an OpenStack-powered, private cloud as a service to manage multiple applications and provide development environments for students across the institution. Seeking to meet rigid data sovereignty and data integrity requirements while offering flexible, on-demand cloud resources to users, Leysin identified OpenStack as the clear choice to round out the school's cloud strategy. Additional...
Nov. 23, 2014 08:00 AM EST Reads: 1,484
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud strategy and programs. In this Power Panel at 15th Cloud Expo (http://www.CloudComputingExpo.com...
Nov. 23, 2014 07:45 AM EST Reads: 1,488
We are all here because we are sold on the transformative promise of The Cloud. But what good is all of this ephemeral, on-demand infrastructure if your usage doesn't actually improve the agility and speed of your business? How must Operations adapt in order to avoid stifling your Cloud initiative? In his session at DevOps Summit, Damon Edwards, co-founder and managing partner of the DTO Solutions, will highlight the successful organizational, process, and tooling patterns of high-performing c...
Nov. 23, 2014 02:00 AM EST Reads: 1,245
Software-driven innovation is becoming a primary approach to how businesses create and deliver new value to customers. A survey of 400 business and IT executives by the IBM Institute for Business Value showed businesses that are more effective at software delivery are also more profitable than their peers nearly 70 percent of the time (1). DevOps provides a way for businesses to remain competitive, applying lean and agile principles to software development to speed the delivery of software that ...
Nov. 22, 2014 08:00 PM EST Reads: 1,542
Docker offers a new, lightweight approach to application portability. Applications are shipped using a common container format and managed with a high-level API. Their processes run within isolated namespaces that abstract the operating environment independently of the distribution, versions, network setup, and other details of this environment. This "containerization" has often been nicknamed "the new virtualization." But containers are more than lightweight virtual machines. Beyond their small...
Nov. 22, 2014 06:45 PM EST Reads: 1,364