ARC Advisory Group acknowledges mCloud's application of IoT and AI technologies to create accessible energy efficiency solutions
- ARC Advisory Group, a leading technology advisory firm to Fortune 1000 companies for industry, infrastructure, and smart cities, publishes a new report on mCloud's subscription-based use of IoT, AI, and Analytics making energy management accessible to Small-to-Medium size businesses everywhere (Link to full ARC report)
- Report spotlights mCloud's ongoing success in using IoT and AI to improve the peak energy efficiency of building HVAC units by 20% with customers that include Starbucks, Bank of America, Dairy Queen, and Michaels.
VANCOUVER, Sept. 17, 2018 /CNW/ - Universal mCloud Corp. (TSX-V: MCLD; OTCQB: MCLDF) ("mCloud" or the "Company"), a leading provider of Artificial Intelligence and Analytics ("AI&A") and IoT-connected asset care technology, announced a new report published today by ARC Advisory Group that highlights mCloud's AssetCare™ platform as a winning energy management solution for companies both large and small.
In particular, the report captures mCloud's broad spectrum integration of the cloud, IoT-connected thermostats, and AI/machine learning to deliver peak energy efficiency improvements of 20% to the overwhelming majority of the small-to-medium sized businesses they serve. Traditionally, such businesses have avoided the large upfront investments required to integrate conventional energy management systems.
"The mCloud AssetCare offering provides a cloud based IoT solution that allows "small box" stores a low cost way to better manage their HVAC assets" said Rick Rys, Senior Consultant at ARC Advisory Group.
The ARC report further describes the mCloud solution as a proverbial "win-win" for all, with mCloud's innovative zero-upfront subscription model guaranteeing operational savings for its customers while creating a highly scalable recurring revenue stream for mCloud. The report highlights the use of mCloud solutions at Starbucks, Bank of America, Dairy Queen, and Michaels among others, as ongoing evidence of mCloud's capacity to improve sustainability for a broad range of businesses while reducing operational costs.
"There are over ten million connectable assets within mCloud's reach," said Russel McMeekin, mCloud President and CEO. "Through our AssetCare offering, mCloud has eliminated the barriers to entry that were keeping many small-to-medium businesses from adopting better energy management systems. This is a captive market opportunity we're very excited to pursue."
mCloud will have more to share with customers, partners, investors, and the media at its inaugural mCloud Connect User Conference at the Venetian Resort in Las Vegas, September 24-26, 2018. The event will feature a variety of thought leaders in energy asset management, IoT, and AI, including speakers from CLEAResult, Alectra, Cinemark, TELUS, and Microsoft.
About Universal mCloud Corp.
Universal mCloud is headquartered in Vancouver, BC with technology and operations centers in San Francisco, CA and Bristol, PA. mCloud is an Artificial Intelligence and Analytics, IoT connected asset care cloud solution company utilizing connected IoT devices, AI, deep energy analytics, secure mobile and 3D technologies that rally all asset stakeholders around an Asset-Circle-of-Care™, providing complete real-time and historical data coupled with guidance and advice based on deep analytics and diagnostics resulting in 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, ruggedized headsets, and web browsers. For more information, visit www.mCloudCorp.com.
Forward-Looking Information and Statements
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". The forward-looking information contained herein includes, but is not limited to, prospective financial results and business prospects of the Company and the completion of proposed transactions with CSA and Flow Capital.
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements.
An investment in securities of the Company is speculative and subject to a number of risks including, without limitation, the risks discussed under the heading "Risk Factors" on pages 29 to 46 of the Company's filing statement dated October 5, 2017. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.
In connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Universal-mCloud Corp
View original content: http://www.newswire.ca/en/releases/archive/September2018/17/c7392.html
Madelin Daviau, NATIONAL | Equicom, T: 416-848-9833, mdaviau@national; Russ McMeekin, Chief Executive Officer, Universal mCloud Corp., T: 415-635-3500Copyright CNW Group 2018
