VANCOUVER, Jan. 8, 2019 /CNW/ - Universal mCloud Corp.
(TSX-V: MCLD) (OTCQB: MCLDF) ("mCloud" or the "Company"), a leading
provider of Artificial Intelligence and Analytics solutions for
IoT-connected asset care technology, further to its announcement on
August 29, today announced that its
partner, SCN Ltd. ("SCN"), has secured a 9 year contract with
Heiwado to implement AssetCare HVAC at one of its shopping centres
in Changsha, Hunan Province, China.
Heiwado is a Japanese department store operator and strategic
customer of SCN. Heiwado has entered into a 9-year AssetCare
subscription for its store #2, a six-floor shopping centre in
Changsha. This centre includes
retail spaces, a supermarket, and an open central atrium.
Currently, 41% of the building's energy usage is attributed to
HVAC. This contract will include the optimization of two 650 ton
electric chillers, two absorption chillers, 35 air handling units,
two cooling towers and other related equipment. The size of this
location and its current energy usage present an optimal
opportunity for mCloud to apply and demonstrate its AssetCare
solution in China.
As announced in mCloud's April 3,
2018 press release, the Company is partnering with SCN to
bring its Smart Buildings HVAC solutions to China. SCN is one of
the top 20 commercial building contractors in China with a well-established reputation for
its high-quality design and construction work and innovative
building technology. SCN has received multiple prestigious awards
in China and holds the highest
business ranking in the People's Republic
of China.
"SCN drives growth for mCloud in the China market," Said
Russel McMeekin, President and CEO
of mCloud. "Their relationships with some of the largest retailers
in the country, including a top Fortune 500 retailer with over 50
malls in the region, will enable us to systematically add new
locations with numerous assets which will form the basis of
our China Market expansion
initiative."
mCloud is immediately mobilizing its implementation team to work
with SCN and begin executing on the contract. The mCloud team
will be onsite later this month. The financial terms of this
contract are not material to mCloud's business as defined by the
regulations.
About Universal mCloud Corp.
Universal mCloud is headquartered in Vancouver, BC with technology and operations
centres 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.
About SCN Ltd.
SCN Design & Construction Co., Ltd. was founded in 1997 and
with registered capital of RMB
101million. SCN is a large decoration enterprise with eleven
major qualifications appraised and decided by the Ministry of
Construction of the People's Republic of
China, i.e. Grade A of Architectural Decoration Engineering
Design, Building Curtain Wall Design, Architectural Decoration
Engineering Professional Contractor, Building Curtain Wall
Engineering Contractor, Construction Electrical Installation
Engineering Professional Contractor, Exhibition Engineering Design
and Construction Integration, Exhibition Engineering Enterprise;
And with Class 2 qualification for Electronic and Intelligent
Engineering Contractors, Steel Structure Engineering Professional
Contractor. It passed the ISO9001 quality management system,
ISO14001 environmental management system, GB/T28001 occupational
health and safety management system certification. It is an
AAA-grade integrity enterprise and bank credit AAA-level enterprise
in the credit evaluation of the nation's architectural decoration
industry. It is the compilation unit for several industry standards
such as China's "Shopping Mall Building and Management Technical
Specifications," "Green Building Interior Decoration Standards,"
and "Building Decoration Engineering BIM Implementation Standards."
It is the first company in China
to establish BIM (building information model), which centralizes
the innovative technologies in design and decoration industry.
SOURCE Universal-mCloud Corp