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Quadrant4 Systems Corporation Announces Launch of Cloud-Enabled Telemetrics Platform for the Oil & Gas Industry(March 05, 2012)
ROLLING MEADOWS, IL -- (Marketwire) -- 03/05/12 -- Quadrant4 Systems Corporation (Q4) (OTCBB: QFOR) (OTCQB: QFOR) today announced that it has launched its Oil & Gas practice with specific focus on Telemetrics.
Q4's cloud-based Telemetrics platform addresses challenges in the areas of oil tanks and storage, oil flow, and oil transportation. The functionalities include Remote Measurement i.e, the ability to measure readings remotely without physical inspection; Real-time Analytics i.e. a cloud-based dashboard for real-time analytics from a remote location; Multiple Sensors i.e, Flow and Level Sensors for a breadth of applications; and Application Diversity i.e., Measurement of flow and levels on pipelines, storage tanks and vehicles. The real-time measurement of fuel levels has huge economic value in terms of accurate payments to vendors, theft and environment losses, and potential leakage in remote and unmonitored pipelines/storage facilities.
The application uses extensive Open Source technologies that include Linux, Pentaho, Hadoop etc. and runs on an Amazon EC2 cloud platform and can be deployed on smart mobile devices that run on Android and BlackBerry operating systems.
Dhru Desai, Chairman of the Board of Q4, stated "As oil and gas prices increase, any technology and/or device that delivers either cost savings or cost avoidance is very welcome to the Oil & Gas industry. The industry typically operates unmanned oil rigs that continuously pump crude from remote wells and can't afford potential leaks that will lead to environmental disaster and huge loss of goodwill. Cloud-based monitoring from a central location will allow real-time response to such disasters and will deliver unprecedented ROI to the industry."
About Quadrant4 Systems Corporation
Quadrant4 Systems Corporation delivers end-to-end information technology solutions to its clients through a unique blend of consulting, software development & maintenance, cloud-based products and technology from its global delivery centers. The company currently focuses on Financial Services, Health Care, Retail, Manufacturing and Telecommunication sectors with a broad spectrum of services and technology practices that include ERP, SCM, CRM, e-Commerce, m-Commerce, SFA, Microsoft, Java and Legacy platforms, BI/DW, testing, platform migration, web technologies and others. The company plans to enter the IT-enabled and managed services sector and cloud-based services through business acquisitions and/or combination opportunities in the near future to further execute its articulated business strategy.
This release contains forward-looking statements which are subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipate," "expects," "estimates," and similar expressions) should be considered to be forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Exchange Act of 1934, as each is amended, for which the Private Securities Litigation Reform Act of 1995 provides a safe harbor. Certain factors (including but not limited to those risk factors identified from time to time in our filings with the Securities and Exchange Commission as well as changes in economic conditions; outcome of negotiations; changes in the Company's access to necessary capital; outcome of litigation; volatility of capital markets; variability and timing of business opportunities; changes in accounting policies and practices; the effects of internal organizational changes; adverse state and federal regulation and legislation; and the occurrence of extraordinary or catastrophic events and terrorist acts; or other unforeseen changes in circumstances) could cause actual results and conditions to differ materially from those projected in such forward-looking statements. We do not undertake any obligation to release publicly revised or updated forward-looking information, and such information included in this release is based on information currently available and may not be reliable after this date.
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