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
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use of forward-looking terminology such as "plans", "expects" or
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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