mCloud Corp. and Field Diagnostics Services Inc. Agree to Combine Capabilities into a Single Cloud Company

mCloud Corp., provider of AssetCare™ solutions for managing critical assets with secure mobile technology, announced today that it has acquired Field Diagnostics Services, Inc. (FDSI) enabling game changing Asset-Circle-of-Care for heating, ventilation and air conditioning (HVAC) assets. FDSI pioneered deep diagnostics for HVAC equipment, including a breakthrough in HVAC Unit Coordination technology solely using smart thermostats, resulting in energy savings of 10% to 30%.

FDSI’s Google-based cloud platform will become the basis for mCloud’s AssetCare™ solutions that incorporates big data, deep analytics, machine learning, real-time collaboration and communications, 3D Augmented Reality (AR), best practice maintenance support and much more. The initial focus will be on the monitoring the performance of HVAC units and mid-size wind turbines. These will be extended to field service support, including real-time video communications with experts and access to complete equipment documentation. FDSI runs a 24/7 HVAC service support center for its customers.

The FDSI Google-based cloud platform is the evolution of patented developments stemming back to the founder’s research at Purdue University, with US Department of Energy sponsored projects, and embraced by numerous national account customers and several public utilities, mainly in California, who encourage their customers to deploy the technology to save energy and reduce peak demand. The underlying technology has been proven and used for many years.

AssetCare™ cloud is available for the care of HVAC units, and will be shortly available for mid-size wind turbines. Expected soon will be new capabilities that includes leading edge Augmented Reality (AR) technology with the highest mobile security standards.

“The FDSI technologies and capabilities provide mCloud with the proven foundation that brings together people, data and knowledge to improve the health and performance of critical assists,” said mCloud CEO Russ McMeekin. “Having partnered with FDSI for many years, I am excited about bringing our combined resources under mCloud to enhance the value we deliver to our customers.”

“We’ve been pioneering diagnostic technologies and deep analytics that improve the overall energy management of commercial facilities for many years,” said FDSI CEO Todd Rossi. “Joining forces with mCloud enables us to bring this to many more customers while simplifying support and assistance to field service technicians. We are exciting about joining mCloud on its mission to improve the care and performance of critical assets such as commercial HVAC units.”

About mCloud Corp
mCloud Corp., headquartered in the Bay Area, is an asset care solution company utilizing leading secure mobile technology company that rallies all asset stakeholders around an Asset-Circle-of-Care, providing complete real‐time and historical data coupled with advice derived from the latest analytics and diagnostics to enable optimal performance and care of critical equipment. It’s all about the asset. The powerful and secure AssetCare™ environment is accessible everywhere, 24/7 through standard mobile devices and ruggedized headsets. For more information, visit www.mCloudCorp.com.

About Field Diagnostics Services, Inc.
Field Diagnostics Services, Inc., headquartered in Bristol Pennsylvania, is a leading provider of technology and support services for monitoring and controlling HVAC equipment to cost effectively sustain high performance at reduced cost. Field Diagnostics’ technology includes the Service Assistant diagnostic tool, AssetCare™ with Smarter Tstat web-enabled thermostat advanced controls and monitoring solution and its Portfolio Energy Analytics Tool (PEAT) for deep data analytics for building performance (www.peatanalytics.com). For more information on Field Diagnostics, visit www.fielddiagnostics.com.

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