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Redline Awarded Major Contract for New Wireless Oilfield Network
TORONTO, Sep. 5, 2012, 2012 (Canada NewsWire via COMTEX) --
Existing customer expands operations to Oman, calls on Redline again for
infrastructure
Redline Communications Group Inc. (TSX: RDL), a leading provider of broadband wireless solutions for
machine-to-machine (M2M) communications, today announced a significant
contract with a leading American oil and gas company for a
high-capacity wireless network for communications between wells, other
assets, and drilling rigs in the oilfield, and their centralized
control offices.
This oil company customer, already using Redline's system in other parts
of the world, is expanding its operations to Oman and has turned to
Redline once again to meet their exacting communications requirements.
Delivery of products and services associated with the contract, which
is expected to represent approximately 10% of Redline's annual revenue
for 2012, begins immediately with full deployment of the network
expected to take up to 18 months.
"This contract is a major achievement for Redline and we are proud to
have been selected as the network backbone for yet another oilfield
project with this customer," said Eric Melka, CEO of Redline. "We work
hard to demonstrate value for our customers and when they select us for
more deployments in more countries we know that we've been successful."
Redline's advanced wireless broadband system, which leads the industry
in reliability, distance, capacity and low-latency, allows personnel to
monitor and control oil field production - including the ability to
capture data in real-time from thousands of M2M sensors at remote
sites.
The Virtual FiberTM network will be built using Redline's RDL-3000 and
ELTE-MT systems, rugged and reliable wireless broadband equipment
designed by Redline for harsh environments, and engineered and built to
the exacting standards required by the energy sector.
"Major oil and gas producers worldwide are turning to real-time
monitoring and control capabilities to expand production at new,
existing and mature oilfields," said Bojan Subasic, Redline's associate
vice president development and production. "A leading-edge wireless
network makes the digital oil field possible and Redline's unique
system architecture, based on the most advanced technology available
today, combines powerful software and rugged hardware to support the
M2M, security, communications and other critical real-time applications
- all with the assurance that the network can grow to meet future
customer needs."
Redline's Virtual Fiber network system offers the ability to instantly
adjust to the living oil field as a whole -- from individual well
production, to drilling rigs, to the pressure of a part or all of the
reserve itself -- based on a variety of sensor data, including
pressure, temperature, and flow. This capability allows the oil
company to optimally run each well or each drill, maximizing drilling
efficiency and uptime while minimizing breakdowns from drilling too
quickly through hard rock or other obstacles that could hamper the
drilling activity.
To learn more about Redline's Virtual Fiber network system, including
the only nomadic high bandwidth solution focused to the energy sector,
visit http://www.rdlcom.com/en/industry/oil-and-gas.
About Redline Communications
Redline Communications (www.rdlcom.com) is the innovator of Virtual FiberTM, a specialized broadband wireless
system used to cost-effectively deploy and extend secure networks,
enable M2M applications, connect digital oilfields and smart grids,
facilitate and enhance public safety networks, and bring Internet
access wherever and whenever it's needed - regardless of terrain or how
remote. For more than a decade Redline has delivered powerful,
versatile and reliable wireless solutions to governments, militaries,
oil and gas companies and telecom service providers through its global
network of certified partners. For more information visit www.rdlcom.com.
Forward Looking Statements
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.
SOURCE: Redline Communications Group Inc.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/September2012/05/c3826.html
SOURCE: Redline Communications Group Inc.
Media Contact John Sidline Mobility Public Relations +1-503-946-3311
rdl@mobilitypr.com Redline Contact Lynda Partner +1-613-618-3200
lpartner@rdlcom.com Twitter:@rdlcom Press Kit:http://redline.mobilitypr.com
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