Redline Awarded its Largest Wireless Oilfield Contract to Date
TORONTO, Apr 16, 2013, 2013 (Canada NewsWire via COMTEX) --
Major Oil Producer Rolls out Redline Solution in 7(th) Oilfield
Redline Makes Changes to Board of Directors
Redline Communications (www.rdlcom.com Group Inc. TSX: RDL), a leading provider of broadband wireless solutions for
machine-to-machine (M2M) communications, today announced that it has
received its largest contract to date for a wireless oilfield network
installation. The contract, from an existing oil and gas customer and
having a value over its life of more than 10% of Redline's 2013 revenue
budget, is for a rugged high-capacity wireless private network for
communications between wells, assets, drilling rigs, and their
centralized control offices - to bring the field to the office and the
office to the field.
This major oil company customer has already installed Redline solutions
in six other oilfields in three countries. This expansion into a large
oilfield in the Gulf States of the Middle East marks this customer's
largest commitment to using Redline to power their digital oilfields.
Delivery of products and services associated with the contract begins
immediately and management expectsfull deployment of the network to
takebetween 18 and24 months.
"I am excited that we have won yet another field from our customer,"
said Eric Melka, CEO of Redline. "This is exactly how we plan to grow
our business - by bringing value, delivering excellence and growing our
footprint and influence within the global operations of our customers."
He also added, "The size of this contract validates the importance of
our place in the digital oilfield."
Redline's advanced wireless broadband system, which leads the industry
in reliability, distance, capacity and low-latency, allows personnel to
securely remotely monitor and control oilfield 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 nomadic RAS
platform, RDL-3000 and eLTE-MT systems. All are rugged, reliable and
secure wireless broadband equipment designed by Redline for harsh
environments, in this case a remote desert with large shifting sand
dunes, and engineered and built to the exacting standards required by
the energy sector.
Redline's Virtual Fiber network system offers the ability to instantly
adjust to the living oilfield 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. This communication ability also moves with the
drilling rigs, with Redline's RAS system delivering instant secure
communication without any system realignment, even as the units move
from location to location.
To learn more about Redline's Virtual Fiber network system, including
the only nomadic high bandwidth solution focused to the energy sector,
In unrelated news, the Company announces that Alain Rhéaume, who has
been a director of the Company since October 2011, has resigned from
the Redline Board of Directors and a search to replace him has been
About Redline Communications
Redline Communications (www.rdlcom.com) is the innovator of Virtual FiberTM, a rugged wireless broadband
solution used to cost-effectively deploy and extend secure networks,
enable machine-to-machine (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 remote location. For more than a decade Redline has
delivered powerful, versatile and reliable wireless systems to
governments, militaries, oil and gas companies and telecom service
providers through its global network of certified partners.
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.
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SOURCE: Redline Communications Group Inc.
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