TORONTO – January 29, 2015 – Redline Communications (www.rdlcom.com) Group Inc. (TSX: RDL), a leading provider of mission-critical wireless networks for the oil and gas industry, announced today that it has received a contract worth more than $1 million for the second phase of a wireless network to connect people and machines across an Argentinian oilfield.
This expansion order will double the size of the current network, which is already bringing a ubiquitous umbrella of connectivity, and which has converted the customer’s existing field operation into a truly digital oilfield. Redline’s wide-area wireless Virtual Fiber™ solution is the backbone that provides connectivity for a wide range of applications, including the remote monitoring of well heads and collection and separation facilities. The Redline network delivers the capacity to carry the operator’s voice, data and video traffic on a single backbone, giving employees and contractors access to corporate systems from anywhere, delivering real-time drilling applications, and providing machine-to-machine (M2M) connectivity for remote monitoring and management of assets. The ability to remotely and in real-time change parameters to optimize the rate of production at the well site increases uptime and optimizes production without adding additional costs.
“This network expansion order was the direct result of our ability to demonstrate that our wireless solutions deliver real bottom line benefits to oil and gas operators,” states Louis Lambert, vice-president of oil and gas sales for Redline. “In a time of lower oil prices, efficiency gains are one of the biggest drivers of automation for oil and gas operators, and Redline delivers measurable results. We are seeing continued success with both new and existing oil and gas customers as they strive to reduce costs and increase production.”
In addition to network products, Redline will provide a range of technical services, including radio frequency planning, network architecture development, network design and engineering. This second phase, which will improve productivity, efficiency and worker safety, is expected to be fully operational by the third quarter of 2015.
With a proven track record that includes dozens of successful large-scale digital oilfields, Redline, an ISNetworld™ member company, is not only an expert in wireless mission-critical networks, but also in turnkey wireless network delivery for oil and gas, with purpose-built products and oilfield-ready HSE-certified professionals. Redline’s end-to-end solutions for oil and gas include planning, engineering and delivery services that combine with ruggedized products to deliver a complete network solution, which can operate effectively throughout the entire life cycle of an oilfield.
About Redline Communications
Redline Communications (www.rdlcom.com) is the gold standard for industrial-wide area communications in oil and gas, with multi-purpose wireless networks that enable digital oilfields across the globe. Major producers worldwide rely on Redline to engineer, plan and deliver secure and reliable networks for their drilling and production, through M2M, voice, data and video communications that increase productivity. For more information, visit www.rdlcom.com.
Certain statements in this release may constitute forward-looking statements or forward-looking information within the meaning of applicable securities laws. In some cases, forward-looking statements can be identified by terms such as “could”, “expect”, “may”, “will”, “anticipate”, “believe”, “intend”, “estimate”, “plan”, “potential”, “project” or other expressions concerning matters that are not historical facts. Readers are cautioned not to place undue reliance upon any such forward-looking statements.
Such forward-looking statements are not promises or guarantees of future performance and involve both known and unknown risks and uncertainties that may cause the actual results, performance, achievements or developments of Redline to differ materially from the results, performance, achievements or developments expressed or implied by such forward-looking statements. Forward-looking statements, by their nature, are based on certain assumptions regarding expected growth, management’s current plans, estimates, projections, beliefs, opinions and business prospects and opportunities (collectively, the “Assumptions”). While the Company considers these Assumptions to be reasonable, based on the information currently available, they may prove to be incorrect.
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Redline today announced today that it has received a $2.6M contract for the first phase of a wireless network that is expected to bring cost-saving automation to hundreds of oil wells in an oilfield in the Middle East.