- Enables mCloud to offer smart building technology to an
expanded market in China
- Builds on Hubei Huayan existing customer base and local support
services
- Uses AssetCare energy savings to drive smart building
conversion
- Delivers the AssetCare platform as a subscription service
VANCOUVER, Feb. 4, 2019 /CNW/ - Universal mCloud Corp.
(TSX-V: MCLD) (OTCQB: MCLDF) ("mCloud" or the "Company") is pleased
to announce a partnership with Hubei Huayan Zhidian Technology Co.,
Ltd. (Huayan) to deliver smart building technology in China.
Huayan is a leader in smart platform development and is the
first enterprise in Hubei province
to offer comprehensive IoT product solutions. Huayan provides its
services to commercial buildings, offices, hospitals, schools and
more. Huayan's objective it to further differentiate its smart
building capabilities through the distribution of mCloud's
AssetCare offering.
mCloud aims to optimize and reduce energy consumption across
major Chinese urban centers through the targeted implementation of
its AI-driven AssetCare solution. The Company's partnership with
Huayan creates strong opportunities in the China market, specifically in South Central
China. As announced on January 8,
2019, mCloud secured its first 9-year contract through its
partnership with SCN to implement AssetCare HVAC at a Heiwado
shopping centre in China's
Hunan province. Through mClouds
new partnership with Huayan, the Company continues to build its
presence in China, expanding into
the neighboring province of Hubei.
"mCloud continues to demonstrate the success of its strategic
partnership model in China,"
stated Costantino Lanza, Chief
Growth Officer leading the China
initiative at mCloud. "We expect to achieve strong synergies with
Huayan and benefit from their existing capabilities, established
presence and talented team of experts. As demand for
energy-efficient solutions grows across China, we look to best-in-class partners like
Huayan to deliver mClouds AssetCare solution."
"Huayan is a leader in delivering smart building technologies to
the Chinese market," said Mr. Heping
Xia, CEO of Huayan. "mCloud's AssetCare offering
aligns with our existing solutions and expands our portfolio
to create added value for our customers. We are pleased to offer
mCloud's unique and differentiating product that equips us with the
latest AI and mobile technology and aligns us with a progressive
company."
As mCloud builds its presence in Hubei, it continues to view the province's
capital city of Wuhan as a strong
contender for its future Center of Excellence in China. As announced on August 29, 2018, mCloud established its presence
in the city with the signing of a MOU with Wuhan officials. This agreement promotes
mCloud as part of Wuhan's green
city initiatives. Wuhan City is
home to one of China's leading
technical universities and boasts China's largest student population with over
1.4 million students. mCloud views Wuhan City as an optimal location for a future
Chinese Center of Excellence, where it will ultimately provide
direct support to its Chinese customers.
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 Hubei Huayan Zhidian Technology Co., Ltd
Hubei Huayan is the first enterprise in Hubei Province to engage in smart platform
development and IoT product services, with numerous sales offices
across China and a regional focus
on Hubei. It specializes in
research, sales and operation services for IoT systems such as
smart power, smart fire, smart healthcare, smart communities, and
domestic leading IoT product sales and solutions. The company has
reached strategic partnerships with Baiteng IoT Technology
(Shanghai) Co., Ltd., Jingzhou
Smart City Technology Co., Ltd. and Wuhan Smart City Technology
Co., Ltd. and is committed to smart city top-level design, smart
power, smart medical care and smart parking. The company provides
professional and comprehensive solutions to meet a diverse set of
client needs, including, efficient parking, energy saving and
emission reduction. The Company serves governments, commercial
buildings, offices, hospitals, schools and more. The Company's
"Smart Security Power Monitoring and Early Warning Service Cloud
Platform" is the industry's leading intelligent power consumption
safety supervision service system to prevent electronics-based fire
disasters.
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".
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 several risks as 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