- Universal mCloud and Hubei Huayan sign an AssetCare agreement
that targets commercial buildings located in over 1,200 townships
across Hubei province in
China
- mCloud will deliver its AssetCare for Smart Buildings solution,
including AI-powered HVAC control and lighting, in partnership with
Hubei Huayan across China's ninth
largest population centre, spanning 58.5M people and over 185,000 square
kilometers
- Initial plans will see mCloud and Hubei Huayan connect
approximately 50 commercial buildings located in Wuhan, the capital city of Hubei province
VANCOUVER, April 17, 2019 /CNW/ - Universal mCloud
Corp. (TSX-V: MCLD) (OTCQB: MCLDF) ("mCloud" or the
"Company"), a leading provider of asset management solutions
combining IoT, cloud computing, artificial intelligence ("AI"), and
analytics, today announced the signing of an AssetCare agreement
with Hubei Huayan Zhidian Technology Co, Ltd. ("Hubei Huayan") to
target commercial buildings located throughout 1,200 townships in
China's Hubei province.
"Hubei province covers a
territory of over 58.5 million people and more than 185,000 square
kilometers, making this agreement with Hubei Huayan a tremendous
step forward in mCloud's ability to access the captive commercial
buildings market in China," said
Costantino Lanza, mCloud's Chief
Growth Officer. "Bringing AssetCare together with Hubei Huayan's
local knowledge gives both mCloud and Hubei Huayan a unique
first-mover advantage in using AI and analytics to save energy in
China."
"We are pleased to be mCloud's exclusive solutions partner in
the territory of Hubei," said Mr.
Heping Xia, CEO of Hubei Huayan.
"Our unique expertise in delivering smart building technology in
China is enhanced with mCloud's AI
and analytics to bring an offering for commercial buildings that is
one-of-a-kind to the Chinese market."
As a follow-up to a February 2019
announcement that mCloud and Hubei Huayan were partnering, this
agreement between mCloud and Hubei Huayan further solidifies that
relationship and enables mCloud to work with Hubei Huayan to target
specific commercial building opportunities as mCloud's exclusive
solution partner in Hubei
province. This most recent development is further evidence of
mCloud's rapid success in executing its China strategy, alongside the recent string of
customer deals and engagements that mCloud has seen across its
Smart Buildings and Wind segments in the last quarter.
Hubei Huayan is the first enterprise in Hubei to offer comprehensive smart solutions
leveraging IoT connectivity, serving numerous commercial buildings
all across the province. AssetCare will extend Hubei Huayan's
capabilities to improve the energy efficiency of HVAC and lighting
systems in these commercial buildings by up to 20%.
Under the agreement, mCloud and Hubei Huayan have plans to
target a variety of commercial buildings, including restaurants,
retail spaces, offices, hospitals, and schools in Hubei province, notable as China's ninth largest population centre. To
start, both companies already have plans to work together to
connect approximately 50 commercial buildings located in
Wuhan, the capital city of
Hubei province.
About Universal mCloud Corp.
Universal mCloud is creating a more efficient future with the
use of AI and analytics, curbing energy waste, maximizing energy
production, and getting the most out of critical energy
infrastructure. Headquartered in Vancouver, Canada, with technology and
operations centers in San Francisco,
CA and Bristol, PA, mCloud
takes advantage of IoT sensors to bring data from connected assets
into the cloud, applying AI and analytics to maximize their health
and performance. Today, mCloud offers complete asset management
solutions to four distinct segments: smart buildings, wind energy,
utilities, and oil and gas. With over 100 blue chip customers and
more than 28,000 assets connected in thousands of locations
worldwide, mCloud is changing the way energy assets are managed.
For more information, visit www.mcloudcorp.com.
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October 5, 2017. Although the Company
has attempted to identify important factors that could cause actual
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that the assumptions and factors used in preparing, and the
expectations contained in, the forward-looking information and
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SOURCE Universal-mCloud Corp