CALGARY, July 7 /CNW/ - CriticalControl Solutions Corp., (TSX-V:CCZ)
today announced that its industry leading fluid management application,
ProTrend, has been implemented for a major oil and gas producing trust. The
implementation has resulted in a total of 22,000 new measurement points being
added to the ProTrend, consisting of 15,000 well meters and 7,000 measurement
points in facilities.
"This client has decided, that after seeing the performance and value of
ProTrend in an acquired business, to make our software a corporate standard
for all its producing assets," said Alykhan Mamdani, President and CEO of
CriticalControl. "This increased demand for ProTrend further validates our
industry leading technologies as the choice for oil and gas producers to
efficiently control their production data."
The completion of this implementation combined with other measurement
points from other clients added to ProTrend will result in the number of
measurement points on ProTrend at the end of June 2008 to exceed 96,000, up
from 67,000 at the end of March 2008. In addition, the Corporation has been
successful at converting the bulk of its historic ProTrend customer base to a
fee based on active meters, and as such, a number of inactive meters will be
deleted from ProTrend resulting in the net number of active meters at the end
of June 2008 to be 82,000.
As with CriticalControl's other products for oil and gas producers,
production data from ProTrend will be integrated into CriticalControl's
ProStream is a current development initiative by CriticalControl to
consolidate the various forms of data associated with gas production and to
reduce the significant time burden related to managing redundant and
conflicting production data. ProStream is built to answer the industry's need
to contain administrative costs, increase data integrity and leverage
essential production data to empower our clients to make informed decisions
related to their operations.
CriticalControl's proprietary applications and services will feed the
ProStream database, providing it with production and related data from over
100,000 distinct measurement points, creating Canada's largest source
repository of production data.
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.
This media release may contain certain forward-looking statements that
reflect the current views and/or expectations of CriticalControl Solutions
Corp. with respect to their respective performance, business, and future
events. Such statements are subject to a number of risks, uncertainties, and
assumptions as outlined in the Company's filings with the Canadian securities
regulatory authorities. Actual results and events may vary.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
For further information:
For further information: Alykhan Mamdani, President & CEO, Tel (403)
705-7500; or David Feick, The Equicom Group, Tel (403) 538-4787,