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RDL Redline Communications Group Inc

0.90
0.00 (0.00%)
29 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Redline Communications Group Inc TSX:RDL Toronto Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.90 0.89 0.90 0 01:00:00

Redline Communications Wins $2.7M Contract to Provide a Wireless Oilfield Network in South America

04/11/2014 12:00pm

PR Newswire (Canada)


Redline Communications (TSX:RDL)
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Redline to enable M2M automation with real-time multi-service communications

TORONTO, Nov. 4, 2014 /CNW/ - Redline Communications (www.rdlcom.com) Group Inc. (TSX: RDL), a leading provider of mission-critical wireless networks for the oil and gas industry, today announced that it has received a $2.7 million contract to provide the first phase of a high speed wireless network for a local Argentina subsidiary of a "super-major" energy company. This is the second large network deal in Argentina announced by Redline in the last month.

Redline will be providing a single integrated high-speed wireless network across the entire operation,  allowing the customer to take full advantage of the newest digital technologies for advanced oilfield automation.

The Redline Virtual Fiber™ network, which has been successfully trialed in the customer's oilfield, will simultaneously support multiple business applications including:

  • real-time remote monitoring and control of thousands of wells and completion and separation facilities to optimize operations (M2M);
  • collaboration between remote teams at drilling sites and elsewhere in the world to improve productivity and problem solving;
  • access by field workers to office documents, corporate systems and the internet for increased productivity and well-being;
  • operational video surveillance for visibility into remote operations, improving safety.

"Redline specializes in wireless systems for challenging oilfield environments, and this customer is  definitely leading-edge and committed to using the most advanced technology to improve process efficiency, security and worker safety," noted Louis Lambert, vice president of oil and gas sales for Redline. "We have focused on understanding their business needs as well as their networking needs, which allows us to deliver additional value as their digital oilfield partner."

With the demand for bandwidth from their business units growing exponentially and a large area of inhospitable terrain to cover, this client required a network that was both powerful and rugged, and had the capacity to grow with their business. Redline's powerful wide-area wireless networks are purpose-built for the most challenging locations and mission-critical applications and installed as an end-to-end operating network specifically tuned for this customer's unique requirements, delivering over 100 mbps of reliable, low-latency connectivity over long distances.  The Redline backbone is capable of providing wireless coverage across the entire oilfield and its software-driven design means the system can be upgraded remotely with additional capacity and new features. Lastly, the proven reliability of Redline's network components means that expensive repair costs are minimized.

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, delivering M2M, voice, data and video communications to increase productivity.  For more information visit www.rdlcom.com.

Forward Looking Statements

Certain statements in this releasemay 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, achievementsor 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.

Copyright 2014 Canada NewsWire

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