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     2848  0 Kommentare OneSoft Solutions Inc. Retracts and Clarifies Information Disclosed in Its Q2 2017 Filings and Refiles the Management Discussion and Analysis - Seite 2

    The Company's products are new and different from current industry solutions and therefore have no established markets

    Currently there is no established market for the Company's new technologies and products, or for similar technologies and products that might be provided by other software vendors.

    • Machine learning, predictive analytics and other big data science technologies are relatively new technologies which the Company believes can be used to improve the safety of oil and gas pipelines in North America and certain other jurisdictions in the world. To the best knowledge of the Company, these sciences have not been successfully applied and used in the pipeline industry, in the manner envisioned by Company management. While the Company believes that such applications may potentially render very favourable results, there can be no assurance that such applications will be successful, or that the Company's potential customers will adopt these new technologies, products and/or practices. Failure of potential customers to adopt these new technologies and products could materially reduce the TAM, in whole, or in part.

    Demand for the Company's products is unknown as potential customers may choose to continue to use legacy solutions or alternative technology/solutions;

    • Pipeline operators within North America may currently be using technologies, processes and procedures which they and their regulators may consider to be adequate to address the guidelines and regulations that govern the safe operation of oil and gas pipelines. While the Company believes the value proposition of its new cloud technology and products may be sufficiently compelling to potential customers, there can be no assurance that potential customers will adopt the Company's products, or be willing to change their current practices. Accordingly, the TAM as estimated by the Company may not develop in part, or even at all.

    The introduction of new products or new technologies could render the Company's products and/or the Company's future products that are currently being planned or developed obsolete;

    • The computer software industry, particularly regarding new cloud and big data science technologies, is undergoing rapid and constant change, and new instruments, gauges and machines are being introduced to the pipeline industry on a regular basis. The Company believes it must bring its products to market on a rapid timeline to ensure its software applications are not rendered obsolete or inferior by potentially more efficient and effective competitive products, or otherwise lose market opportunity because of superior products which may be developed and marketed by competing vendors. Such events could materially reduce or eliminate the TAM as estimated by the Company.

    The Company's pricing model is different from current industry practices and may not be accepted by the industry

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    Verfasst von Marketwired
    OneSoft Solutions Inc. Retracts and Clarifies Information Disclosed in Its Q2 2017 Filings and Refiles the Management Discussion and Analysis - Seite 2 EDMONTON, ALBERTA--(Marketwired - Dec. 9, 2016) - OneSoft Solutions Inc. (the "Company" or "OSS") (TSX VENTURE:OSS), a developer of cloud-based software solutions, announces it is retracting certain disclosures published in a News Release dated …