16 Nov Razor Energy deploys Validere’s AI technology to optimize product quality and barrel value
November 16, 2018 – Calgary, Alberta – 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.
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.
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”.
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