Over 20 Years of Executive Sales experience
with Leaders in Industrial Enterprise Software
VANCOUVER, April 12, 2018 /CNW/ - Universal mCloud Corp.
(TSX-V: MCLD) ("mCloud" or the "Company"), a leading provider of
Artificial Intelligence and Analytics ("AI&A") and
IoT-connected asset care technology, today announced that
Abe Shasha will be assuming the
position of President, AssetCareTM Connect effective
immediately. Mr. Shasha will be responsible for all embedded
IoT partnerships including TELUS, and recently announced Cypress
Envirosystems Inc., as well as all IoT financing initiatives.
AssetCareTM Connect represents mCloud's largest growth
initiative in North America with
numerous corporate clients having assets connected to mCloud's
real-time data platform. Mr. Shasha was previously a team leader at
the Honeywell Advanced Software Group, an executive at Aspen
Technologies (NASDAQ : AZPN), a leader in Advanced Industrial
Software and more recently was a key member of Industrial
Knowledge, now an operating business unit of Yokogawa Electric.
"AssetCareTM Connect represents the alignment of all
the key initiatives we have been working hard to build and launch
since going public in Canada in
late 2017," said Russel McMeekin,
President and CEO of mCloud. "Abe brings over two decades of
proven and disciplined experience in the complex industrial energy
asset software market. We are very fortunate to have him join
our team."
"I am excited to be joining mCloud and I look forward to leading
all AssetCareTM Connect initiatives. We will
be working very closely with each of our IoT partners to ensure all
connected assets are performing optimally," said Mr. Shasha.
The Board of Directors has approved the grant of 2.1 million
shares of stock in accordance with the Company's Equity Incentive
Plan to Russ McMeekin, Michael A. Sicuro and Tino Lanza, in recognition of their
accomplishment in pulling together the critical components required
to take the Company public on TSX Venture Exchange, and for
executing on the growth strategy by successfully closing a number
of strategic acquisitions in 2017 and 2018. Included above
are shares granted to John Pitfield
as part of his compensation arrangement with the Company as a new
Director. The shares granted will vest over three years.
About 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.
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 may include, but is not limited to,
information concerning the Company's ability to save customer
budget costs, the ability to roll out the damage assessment
technology in a timely manner, the ability to expand the asset base
of the Company, the future business prospects and the potential
revenue of the Company.
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