VANCOUVER, Oct. 19, 2017 /CNW/ - Universal-mCloud Corp
(TSX-V: MCLD), ("mCloud" or the "Company"), an IoT connected asset
care cloud solution company, started trading yesterday on TSX
Venture Exchange following the successful completion of its
reverse-takeover (RTO) transaction with Universal Ventures Inc.
"The commencement of trading on TSX Venture Exchange is an
important milestone for mCloud and one that we are proud to have
achieved," said Russ McMeekin,
President and Chief Executive Officer.
TELUS Partnership
As per the Company's earlier press release dated October 17, 2017, mCloud has recently signed a
multi-year Reseller Agreement with TELUS to deliver mCloud's
AssetCare™ solution to the Canadian market, targeting buildings
with critical heating, ventilation and air conditioning (HVAC)
requirements. The offering combines the leading capabilities of
TELUS' IoT connectivity with the deep domain asset expertise of
mCloud in a connected cloud solution with 24/7 vigilance that
improves the health and performance of the connected assets. This
is offered on a subscription basis costing a fraction of the
resulting benefits.
mCloud President and CEO, Russ
McMeekin says, "Our agreement with TELUS represents the
first large scale partnership of such kind for mCloud. The TELUS
team is focused on enabling and bringing its expertise to this
important IoT asset connected market, and we look forward to
working with them on this initiative."
About Universal-mCloud Corp
Universal-mCloud Corp ("mCloud") is headquartered in
Vancouver, BC with technology and
operations centers in San Francisco,
CA and Bristol, PA. mCloud
is an IoT connected asset care cloud solution company utilizing
connected IoT devices, leading 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.
The TSX Venture Exchange has in no way passed upon the merits
of the Transaction. Neither the 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