VANCOUVER, Aug. 19, 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 start of a commercial agreement with
Longyuan Construction Investment (Chengde) Wind Power Co., Ltd.
("Longyuan") to deliver performance analytics via the Company's
AssetCare™️ for Wind offering. AssetCare will initially be used to
assess and optimize the condition and performance of wind turbine
pitch systems and batteries for 35 GE wind turbines at Longyuan's
Pu Fa Wind Farm in China. This
agreement is the start of what is expected to be a multi-phase
relationship with Longyuan.
"We look forward to demonstrating the power of AssetCare to
Longyuan and helping them maximize the performance of their wind
turbine fleet," said Dave Weinerth,
mCloud President, Smart Energy. "By connecting these wind turbines
to our AI and analytics capabilities, we are confident we will
discover how to achieve better performance for these wind turbines,
positioning AssetCare for more turbines in their portfolio."
"The World Wind Energy Association estimates China has approximately one-third of the
world's total installed wind capacity and, with over 19,000 MW,
Longyuan is China's largest wind
farm developer and operator," Weinerth added.
Using historical performance data for these wind turbines,
AssetCare will apply its AI and analytics to evaluate numerous
pitch parameters including motor temperature, position, current,
and torque along with performance variables such as wind speed,
power output, and turbine mode. By detecting excessive rotational
force or control system issues, AssetCare can predict impacts to
annual energy production and turbine longevity. By improving wind
energy production while reducing costs associated with Operations
& Maintenance ("O&M"), AssetCare increases Longyuan's
profitability per MWh.
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. Through mCloud's AI-powered AssetCare™ platform,
mCloud offers complete asset management solutions to three distinct
segments: smart facilities, power generation, and process
industries including oil and gas. IoT sensors bring data from
connected assets into the cloud, where AI and analytics are applied
to maximize their performance. Headquartered in Vancouver, Canada with offices in locations
worldwide including Calgary,
San Francisco, and Beijing, the mCloud family includes an
ecosystem of operating subsidiaries that delivers high-performance
IoT, AI, 3D, and mobile capabilities to customers, all integrated
into AssetCare. With over 100 blue chip customers and more than
35,000 assets connected in thousands of locations worldwide, mCloud
is changing the way energy assets are managed. For more
information, visit www.mcloudcorp.com.
SOURCE Universal mCloud Corp.