SOURCE: CygNet

CygNet

August 31, 2010 09:00 ET

CygNet and Flow-Cal Sign Licensing Agreement

Agreement on Access to the Flow-Cal Common File Exchange Format Ensures Long-Term Support for Joint Customers

SAN LUIS OBISPO, CA--(Marketwire - August 31, 2010) -  CygNet Software, provider of the leading enterprise operations platform (EOP) for the oil and gas industry, announced today it has signed a license agreement with Flow-Cal, Inc., a Houston-based developer of measurement software for natural gas and petroleum liquids. Under the agreement terms, future releases of the CygNet Gas Measurement Repository (GMR) will include support for the latest version of the Flow-Cal Common File Exchange (CFX), export format. CFX files are the proprietary format utilized by Flow-Cal for importing electronic flow measurement (EFM), data into a FLOWCAL system.

"CygNet and Flow-Cal share many common customers, many of which utilize the CFX format, therefore we're very pleased that this license agreement will serve the long-term needs of our joint customers," said Chris Smith, president and CEO of CygNet Software.

In accordance with the license agreement, CygNet's Enterprise Operations Platform will remove two functionality components; (1) the functionality to import Flow-Cal CFX files, replacing it with a native export only function based on the latest version of the CFX file format, and; (2) the functionality to export edited data to Flow-Cal has been removed. This is for both CFX files and the bi-directional ("transaction queue") interface. CFX formats do not include the audit trail information necessary to support edited data.

"It was important for our two companies to ensure the growing number of mutual customers can make the best use of our solutions," said Mike Squyres, president of Flow-Cal, Inc.

About CygNet Software
 
CygNet Software empowers leading oil and gas companies to increase their operational efficiency, market responsiveness, and regulatory compliance. CygNet's Enterprise Operations Platform (EOP) provides a platform for collecting, managing and distributing massive amounts of real-time and historical data from field, production and business systems, giving users at all organizational levels the information they need to support daily operations and make informed strategic decisions. CygNet's packaged vertical solutions and expert professional services team reduce the risk, time and cost of deployment. Over 100 companies, representing more than half of North America's domestic gas production and thousands of miles of major transmission pipelines, are operating on CygNet today. For more information, visit www.CygNetscada.com.

All products mentioned in the release are trademarks or registered trademarks of CygNet Software. All other trademarks, trade names, and/or product names are used solely for the purpose of identification and are the property of their respective owners.

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