Vintri Technologies announces finalized agreement with TransCanada Corporation

CALGARY, March 25, 2015 /CNW/ - Vintri Technologies Inc. ("Vintri") is pleased to announce today that an agreement has been finalized with TransCanada Corporation (TSX:TRP) (NYSE: TRP) (TransCanada) to deploy new software based systems that will enhance the execution of pipeline projects.

The agreement will support the initial implementation of Vintri's pipeline material traceability solution, that will use proprietary, cloud based software platforms, together with bar-coding of materials, to automate the collation and management of information relating to the production history of each individual piece of pipe used to construct new pipelines.  This approach will provide faster, more efficient processing of important data, compared to current labour intensive approaches. The technology will initially be deployed on selected new build pipeline projects in 2015. 

"We are delighted to have a partnership with TransCanada to establish an electronic material traceability solution supporting the pipeline construction supply chain," commented Vintri President, Geoff Thompson. "Vintri will be working with TransCanada to build a scalable solution to benefit all pipeline operators; in Canada and worldwide. "

Vintri will work with TransCanada through 2015 to establish a tracking system that is expected to become the baseline material traceability solution for TransCanada's future pipeline projects. This system will allow TransCanada data to be accessed and processed from the field and offices through mobile and web browser applications.

Corey Goulet, President of Keystone Projects and Vice President of Project Development, commented, "TransCanada has a long history of leading the implementation of new technologies in North America to enhance the safety, quality and efficiency of its pipeline activities. We look forward to working with Vintri to continue in this tradition."

Vintri Technologies Inc. is a rapidly expanding technology company founded in Calgary, Canada in 2012.  Its software as a service, cloud based product offerings address pipeline operators and regulators' focus on the critical requirement for accurate data in respect of asset traceability, tracking, regulatory compliance filings and on-demand reporting capabilities. For more information visit: www.vintritech.com  

SOURCE Vintri Technologies

For further information: Media inquiries may be directed to: Leanna Mohan, Manager, Marketing & Communications, 403 852 3597, leanna.mohan@vintritech.com

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