CALGARY, Nov. 16, 2018 /CNW/ - Validere is pleased to
announce a strategic partnership with Razor Energy Corp. ("Razor"
or the "Company") (TSXV: RZE). Validere's AI and IoT platform will
allow Razor to optimize product quality and improve the product
value that Razor receives. Partnerships such as this are an
important step in achieving Razor's announced third quarter
objectives to focus on efficiencies and take advantage of
infrastructure and equipment investments.
"We are excited to assist the Razor team in optimizing their
operations and enhancing the value they receive for their products.
It's a volatile environment and we are proud to help our clients
navigate it." said Ian Burgess,
Validere's co-founder and CTO.
About Validere
Validere's AI & IoT platform is empowering oil & gas
organizations to optimize critical product quality, logistics, and
trading decisions. Validere was founded in 2015 at Harvard by entrepreneurs who recognized the
enormous opportunity to bring data transparency and innovation to
oil & gas. The company graduated from San Francisco's Y-Combinator and Toronto's Creative Destruction Lab
accelerators in 2016.
About Razor
Razor is a publicly-traded junior oil and gas development and
production company headquartered in Calgary, Alberta, concentrated on acquiring,
and subsequently enhancing, producing oil and gas properties
primarily in Alberta. The Company
is led by experienced management and a strong, committed Board of
Directors, with a long-term vision of growth focused on efficiency
and cost control in all areas of the business. Razor started
operations in the first quarter of 2017, through an acquisition of
producing assets in the Swan Hills
area. In the second quarter of 2017, Razor added to its base with
the acquisition of complementary assets in the Kaybob area. These
predominantly light oil assets provide a foundation for strong
shareholder return through abundant low risk operations. Razor
plans to concurrently grow Swan
Hills and Kaybob, and execute on similar acquisitions, using
its experience to extract upside value. Razor is a pivotal
leading-edge enterprise, balancing creativity and discipline,
focused on growing an enduring energy company. Razor currently
trades on TSX Venture Exchange under the ticker "RZE".
SOURCE Validere Technologies Inc.