- Three mCloud applications combine the compute and scale of
Google Cloud and Google Earth Engine with the industrial AI and
connected worker capabilities of mCloud's AssetCare™ platform
to eliminate emissions and drive sustainable performance at
facilities worldwide
- mCloud joins the Google Partner Advantage program with
mCloud's AssetCare available on Google Cloud Marketplace in Q4
2022; companies to co-market and jointly deliver solutions with
initial customer accounts in the USA, Canada,
UK and Europe, Saudi Arabia, and Japan
- In oil and gas: Digitalized emissions
management streamlines methane abatement programs, combining unique
AI-driven emissions detection with Google Earth Engine and 3D
digital twin capabilities to measure, locate, and correct methane
leaks with high precision
- In buildings: AI-powered energy savings
automatically eliminate energy waste and minimize the energy use
intensity of commercial and industrial facilities, leveraging solar
radiation data from Google Earth Engine to optimize high-demand
sites now deploying EV charging infrastructure
- In wind: Connected visibility into wind
turbine performance combined with live wind and weather data
provided by Google Earth Engine continuously optimizes wind energy
production while Google Cloud-enabled image processing AI
streamlines the inspection of wind turbine blades to maximize
renewable energy potential
SAN
FRANCISCO, Oct. 27, 2022 /CNW/ - mCloud
Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or
the "Company") a leading provider of AI-powered asset management
and Environmental, Social, and Governance ("ESG") solutions today
announced it had entered into a strategic partnership with Google
Cloud to launch three AI-powered sustainability applications
combining the Company's AssetCare platform with the power and reach
of Google Cloud and additional services such as Google Earth
Engine.
The strategic partnership between mCloud and Google Cloud is
timely as the United States, the
European Union, and Saudi Arabia
make major commitments to methane abatement and the implementation
of more stringent emission regulations. As a result,
energy-intensive organizations across the globe are seeking new
technologies to automate and streamline their emissions management
and sustainability programs – the areas that mCloud and Google
Cloud are now targeting with these applications.
mCloud's applications deliver "Results-as-a-Service," targeting
oil and gas facilities, commercial buildings, and wind farms
applying mCloud's industrial AI, visual analytics, and 3D digital
twin capabilities to measure, locate, and correct harmful
emissions, eliminate energy waste, minimize carbon and methane
footprints, and maximize the contributions of renewable wind energy
around the world.
As part of this partnership, mCloud joins the Google Partner
Advantage program and mCloud and Google Cloud plan to jointly
co-market and deliver these applications to customers worldwide,
offering services to specific customers in the United States, Canada, UK and Europe, Saudi
Arabia, Malaysia, and
Japan alongside major global
customers already working with both companies.
In partnership with Google Cloud, mCloud will directly integrate
and leverage core Google Cloud services such as Google Earth
Engine, Vision AI, Natural Language AI, Translation AI, TensorFlow,
and more to enable powerful capabilities driving the sustainability
of asset- and energy-intensive operations:
- At oil and gas facilities, field teams can access asset
information at their fingertips, in the cloud and on any
voice-enabled mobile device with Google Cloud's Natural Language
AI. Digitalized processes and workflows streamline the detection
and localization of methane leaks, while virtual collaboration
capabilities seamlessly connect the frontline with the back-office
in real-time.
- At commercial and industrial facilities, access to data unique
to Google Earth Engine and other Google Cloud Ready –
Sustainability data partners, such as solar intensity, weather
conditions, and site occupancy, along with companion Google Cloud
applications for retail and commercial facilities such as auto
dealerships enable opportunities to automatically drive major
reductions in peak demand and energy use intensity per square foot
through intelligent management of building and site infrastructure
energy consumption.
- At wind farms, real-time wind data from Google Earth Engine and
other Google Cloud Ready – Sustainability data partners, tightly
integrated with mCloud's AI-driven image processing capabilities
optimize wind energy production, eliminate maintenance overhead
from manual work, and automate the inspection of wind turbine
blades.
mCloud President and CEO Russ
McMeekin said:
"mCloud's partnership with Google Cloud will create many new and
exciting opportunities for curbing climate emissions. The Google
Cloud team has been extraordinary in their support and our teams
are working well together. The direct collaboration between one of
the industry's most innovative clouds and its AI capabilities, such
as Google Earth Engine, and mCloud's AssetCare creates substantial
new operating efficiencies. This means our new sustainability
applications will be able to: precisely localize and target harmful
emissions at the equipment level, use AI with live wind and solar
data to maximize the utility of renewable energy sources, and
automatically optimize the emissions footprint of assets everywhere
through cloud-based capabilities.
Being part of Google Cloud's global network for our go-to-market
enables mCloud to take applications in partnership with Google
Cloud and reach key accounts in every major region of mCloud's
business. As an added benefit, we will be well-positioned to align
our sales, marketing, R&D, and regional expansion with specific
account and growth objectives. We began these activities in several
key markets this summer and we will continue to make progress
together in the days ahead."
"We are pleased to work with innovative partners like mCloud to
help address the challenge of eliminating harmful GHG emissions in
the energy industry," said Amit
Zavery, VP/GM and Head of Platform, Google Cloud. "By
leveraging Google Cloud and capabilities made possible with Google
Earth Engine and AI/ML services, customers will be able to increase
their sustainability efforts by optimizing and mitigating their
carbon and methane emissions with technology and at cloud
scale."
Go-to-market activities between mCloud and Google Cloud are
already underway, with plans to have AssetCare available on the
Google Cloud Marketplace later in 2022.
About mCloud Technologies
Corp.
mCloud is unlocking the untapped potential of energy intensive
assets with 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 for commercial
buildings, renewable energy, healthcare, heavy industry, and
connected workers. IoT sensors bring data from connected assets
into the cloud, where AI and analytics are applied to maximize
their performance.
With a worldwide presence and offices in San Francisco, Vancouver, Calgary, London, Perth, Singapore, and Beijing, the mCloud family includes an
ecosystem of operating subsidiaries that deliver high-performance
IoT, AI, 3D, and mobile capabilities to customers, all integrated
into AssetCare. With over 100 blue-chip customers and more
than 67,000 assets connected in thousands of locations worldwide,
mCloud is changing the way energy assets are managed.
mCloud's common shares trade in the
United States on the Nasdaq and in Canada on the TSX Venture Exchange under the
symbol MCLD. 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
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". The forward-looking
information contained herein may include information related to
plans to jointly go-to-market with Google, AssetCare integration
with Google Cloud, and the availability of applications on the
Google Cloud Marketplace.
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.
A more complete discussion of the risks and uncertainties facing
the Company appears in the prospectus supplement, the base shelf
prospectus and the registration statement and in the Company's
Annual Information Form and other continuous disclosure filings,
which are available on SEDAR at www.sedar.com and EDGAR at
www.sec.gov. 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.
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SOURCE mCloud Technologies Corp.