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Our arrangement enables customers to run multiple crack models where required and correlates the Modified MAT-8 assessments with other CIM analytics, thereby improving threat detection and mitigation processes for operators. The capability of CIM to automatically ingest, normalize and align multiple big data sets optimizes the Modified MAT-8 functionality by enabling correlation with other data sets, including in-line inspection, hydrostatic, pressure, corrosion and other data used to conduct pipeline integrity management.
Alignment and analyses of multiple data sets provide more accurate risk assessments, thereby reducing risks of pipeline failures and maintenance costs as improved predictive analytics result in the reduction of unnecessary maintenance digs. Modified MAT-8 will be deployed as optional assessment routine within CIM that will be invoiced as it is used by customers. Anderson will receive royalty payments based on revenue generated. Ted L. Anderson, Ph. This book has been adopted as a required text by over universities and is a favorite reference for practicing engineers.
He founded his original consulting and software company, SRT, in Prior to founding SRT, Dr. He holds a Ph. In addition to authoring a best-selling textbook, Dr.
Anderson has written 4 book chapters and over published articles. Our business strategy is to seek opportunities to incorporate Data Science and Machine Learning, business intelligence and predictive analytics to create cost-efficient, subscription-based software-as-a-service solutions.
Visit www. This news release contains forward-looking statements relating to the future operations and profitability of the Company and other statements that are not historical facts. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking information is provided to deliver information about management's current expectations and plans relating to the future.