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Eight Solutions' Cumul8 Platform Moves from Testing to Sales for the Forestry Sector
Thursday, September 29, 2016Company Profile | Follow Company
Vancouver, BC, September 29, 2016--(T-Net)--Eight Solutions Inc. announced a sales contract with a major forestry company to install the company's Cumul8 big data product into a US mill.
This engagement marks the start of the Company's foray into the forestry sector with a platform-based solution driven towards ultimately building a “Connected Mill”, where data from all machines and sensors is gathered and pushed to the cloud, so that data can be monitored live, insights can be discovered, and operational predictions can be projected.
Eight Solution's Cumul8 platform and solution is a recurring subscription revenue model that also provides for custom work to fit each customer's needs.
Cumul8 has been running beta programs in multiple mills over the past several months, and this is that next step in moving from a test environment to commercial applications. It is anticipated that installations into additional US and Canadian mills will follow shortly.
The above sale is consistent with Eight Solutions' plan to focus the roll out of its Cumul8 “sensor to cloud to action” platform into the North American forestry industry.
September 29, 2016, the Company will be presenting at the Timber Processing & Energy Expo in Portland, Oregon to further market our installation of Cumul8 within the forestry sector.
“We are clearly showing we have a solution to Industry 4.0 issues within forestry as this sector quickly moves forward to more advanced machinery that now can be connected into one continuous digital signature,” says Rory Armes, Eight Solutions CEO. “It is very exciting to see our big data and gaming expertise show value in a commercial business setting. Our strength is in bringing raw, massive amounts of data into a visual narrative that pushes the concept of “monitor, discover, and predict” into a reality. We believe the new world of forestry is about knowledge as soon as it is knowable, and more important, in bringing a visual narrative to that knowledge that is easy to use and understand.”
About Eight Solutions
Eight Solutions Inc. is a technology company led by a team of gaming industry veterans. Eight's flagship product is Cumul8, a data analytics and visualization solution. Cumul8 works with any type of data source to help people and companies understand, collaborate, and make better decisions with data. Eight's portfolio also includes an award-winning 3D technology licensed to the film industry and Reelhouse, a unique video-on-demand platform that allows films makers to distribute their content directly to users. For more information, visit www.eightsolutions.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
Except for statements of historical fact, this news release contains certain forward-looking statements within the meaning of applicable securities law. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” occur. Although Eight believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.
For more Information, please contact:
Investor Relations
investor.relations@eightsolutions.com
Suite 100, 138 East 7th Avenue
Vancouver, British Columbia, V5T 1M6
Phone: (604) 669-8885
Fax: (604) 669-8855
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