RigNet Signs Strategic Agreement with BP for Intelie Live
November 04 2019 - 8:05AM
RigNet (NASDAQ: RNET, the Company), the leading provider of
ultra-secure, intelligent networking solutions, announced today
that it has signed a multi-year agreement with BP (NYSE:BP), one of
the world’s largest exploration and production companies. RigNet’s
Intelie Live will deploy its machine learning based analytics in
BP’s Remote Collaboration Center, in order to improve operational
efficiency and productivity across BP’s drilling operations.
“RigNet’s Intelie Live has demonstrated the potential of the
solution with its speed to meet our requirements and expectations,”
said Paul Foreman, VP Global Solutions (Global Wells Organization)
of BP. “Utilizing Intelie Live in our Remote Collaboration Center
has the potential to improve the safety of our operations and the
reliability of the wells we construct while reducing costs by
improving the efficiency of our work through the effective use of
our data.”
Intelie Live will be used to process, map and integrate tens of
thousands of unique data elements into a single data platform to
improve data quality and enable real-time decision making across
multiple systems. Intelie Live enables visualizations for internal
teams to provide real-time operating status across a wide range of
equipment type and configurations.
“BP’s selection of Intelie Live is based on Intelie’s ability to
quickly implement the platform to meet BP’s requirements,” said
Steven Pickett, Chief Executive Officer and President of RigNet.
“Intelie’s experience in the Energy sector has helped companies
like BP accelerate their digital transformation journey.”
About RigNet, Inc.:
RigNet (NASDAQ: RNET) delivers advanced software and
communications infrastructure that allow our customers to realize
the business benefits of digital transformation. With world-class,
ultra-secure solutions spanning IP connectivity, bandwidth-
optimized OTT applications, IIoT big data enablement, and
industry-leading machine learning analytics, RigNet supports the
full evolution of digital enablement, empowering businesses to
respond faster to high priority issues, mitigate the risk of
operational disruption, and maximize their overall financial
performance. RigNet is headquartered in Houston, Texas with
operations around the world. For more information, please visit
http://www.rig.net.
Forward Looking Statements
This press release includes “forward-looking
statements” within the meaning of the safe harbor provisions of the
United States Private Securities Litigation Reform Act of 1995 –
that is, statements related to the future, not past, events.
Forward-looking statements are based on the current expectations
and include any statement that does not directly relate to a
current or historical fact. In this context, forward-looking
statements often address our expected future business and financial
performance, including the expected benefits of acquiring and
integrating other businesses, and often contain words such as
“anticipate,” “believe,” “intend,”, “will”, “expect,” “plan” or
other similar words. These forward-looking statements involve
certain risks and uncertainties, including those risks set forth in
Item 1A – Risk Factors of the Company’s most recent 10-K filing,
and ultimately may not prove to be accurate. Actual results and
future events could differ materially from those anticipated in
such statements. For further discussion of risks and uncertainties,
individuals should refer to RigNet’s SEC filings. RigNet undertakes
no obligation and does not intend to update these forward-looking
statements to reflect events or circumstances occurring after this
press release. You are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release. All forward-looking statements are qualified
in their entirety by this cautionary statement.
Investor Relations Contact:Lee M. AhlstromSenior Vice President
and Chief Financial Officer RigNet, Inc.Tel: +1 (281) 674-0699
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