CALGARY, ALBERTA -- (Marketwired) -- 04/24/13 -- Zedi Inc. (the "Company" or "Zedi") (TSX VENTURE: ZED) - Centrica Energy Upstream implemented approximately C$1 million of Zedi technology that was purchased in late 2012 to automate 76 existing measurement sites across Western Canada. These sites were retrofitted with Zedi's automated field devices, Smart-Alek and Zedi SCADA, in the first quarter of 2013. In addition, Centrica Energy will use the Zedi Access online platform to remotely monitor and control these sites.
"Implementing Zedi's technology is an easy way to make sure our field personnel are making the best use of their time. They can quickly determine which sites require their attention and are no longer driving to sites that are working well. They can make changes remotely and, most importantly, they can quickly zero in on those sites that are down or having production issues", says Dave Martin, Cost Control Specialist of Centrica Energy Upstream. "In today's natural gas environment, using technology at site is an important tool to help us reduce operating costs while maximizing production volumes. We like the fact that Zedi can provide the equipment, engineering, web portal and ongoing support for our teams. It made it easy and cost effective to implement, as shown with installation completed in 8 weeks across northern and central Alberta".
With Zedi's field technology and Zedi Access online platform, production data moves automatically from the well head to Zedi Access in real time. The consolidation of data on one secure website gives customers the ability to make instant decisions and changes on their wells, track trends and produce reports on an individual site or an entire field. This helps with prioritization of activity to reduce operational costs, production downtime and exposure to regulatory audits. The ability to automate the import of Zedi Access daily volumes to a field data capture platform has freed up the operators from manually entering numbers to focus on production and other corporate priorities.
"We applaud the leadership role taken by Centrica Energy to reduce costs in a tough commodity price market", says Larry Spagnolo, Senior Vice President of Market and Customer Solutions for Zedi. "Their choice of Zedi's technology validates our belief that sound strategic planning of operational practices can lead to becoming one of the lowest cost producers, which is what it takes for them to achieve their corporate goals".
Zedi Inc. (TSX VENTURE: ZED) helps the world's oil and gas producers be more productive, more profitable, and more sustainable through technology backed by expert consultation and services. Our 60 years of continuous operations in North America and recognition as one of the industry's best workplaces, sets us apart in the production operations landscape. With our unique combination of award-winning automation, data management, and field and professional services, we offer solutions to our customers' challenges and help them realize their production potential.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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