HOUSTON, April 21 /CNW/ - Rapid Solutions Corporation (TSX-V: RPD)
announced the commercial release of RapidOps(TM) software. RapidOps delivers
critical operating procedures, safe operating conditions ("SOC") and
condition-based analysis to the point of need location in process intensive
RapidOps(TM) represents a breakthrough solution designed to eliminate
defects through a technology based, disciplined approach to SOC's and
procedures. Users of RapidOps lower their production unit costs through higher
reliability, achieved through a reduction in unscheduled down time caused by
defects and unplanned maintenance and repair.
RapidOps(TM) was developed in conjunction with a major chemical producer
dedicated to the proactive capture and elimination of equipment defects.
RapidOps(TM) is an integrated system that features:
- Delivery of SOC's and procedures to tagged critical process points
via handheld device;
- Condition based predictive trending through data capture and
analysis - a strong complement to preventive maintenance programs;
- Consequences of deviation and planned corrective action vs. more
costly reactive maintenance and repair.
"This is the first solution of its kind that ties rounds and checklists
in the field directly to operating procedures and SOC information while
capturing trends for predictive maintenance programs," commented John Lindsey,
Executive Vice President of Rapid. "There is a strong correlation between
proactive identification of defects and fewer incidents. In the current
economic climate, plant operators need to see investment returns at the high
end of the scale and RapidOps is uniquely positioned to deliver."
About Rapid Solutions
Rapid Solutions Corporation is focused on providing integrated process
and data management solutions to energy producers and other high risk, process
intensive industries. Through considerable experience gained in business
process and data integration, Rapid offers technology based solutions that
manage workflow and integrate vast quantities of information. Downstream
energy and chemical manufacturing clients are seeking integrated reliability
solutions to bring operational procedures, safe operating limits and
maintenance systems to the point of need in the field or industrial plant.
Through its Canadian operating unit, Rapid offers the upstream energy sector a
similar opportunity to achieve business process and master well list
Rapid believes the future of true business integration is not only
linking physical data, but also mapping data to business processes to provide
ongoing accuracy of information.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
This press release may contain forward-looking statements which may
include estimates, plans, expectations, opinions, forecasts, projections,
guidance or other statements that are not statements of fact; including
without limiting the generality of the foregoing, statements made by the Chief
Executive Officer. Although the Company believes that the expectations
reflected in such forward-looking statements are reasonable, it cannot give
any assurance that such expectations will prove to be correct. Results of
Rapid may be affected by a variety of variables and risks associated with the
software and technology services industry such as loss of market, competition
from other software and technology and service providers, ability to access
sufficient debt and equity capital from internal and external sources, ability
to expand in the marketplace and to maintain present clientele, ability to
generate sufficient cash flow from operations to meet current and future
obligations and risks associated with potential future lawsuits and regulatory
actions made against the Company. Rapid's business is focused principally on
the oil and gas and chemical industries and is therefore subject to all of the
risks associated with such industries, including the highly cyclical nature of
its economic returns. Forward-looking statements are subject to certain risks
and uncertainties and may be based on assumptions that could cause actual
results to differ materially from those anticipated or implied in such
statements. The Company's forward-looking statements are expressly qualified
in their entirety by this cautionary statement. Unless otherwise required by
applicable securities laws, the Company does not intend nor does it undertake
any obligation to update or review any forward-looking statements to reflect
subsequent information, events, results or circumstances or otherwise.
For information on Rapid go to www.rapid.com.
For further information:
For further information: Michael Jones, (713) 996-7979