Premier Slate-owned property in downtown
Calgary to be equipped with
mCloud
Connected Buildings solution to sustainably optimize safety and
comfort of tenants
CALGARY, AB, Nov. 30, 2021 /CNW/ - mCloud Technologies
Corp. (Nasdaq: MCLD) (TSXV: MCLD), a leading provider of
AI-powered asset management and Environmental, Social, and
Governance ("ESG") solutions today announced a three-year agreement
with Colliers Macaulay Nicolls Inc., an appointed agent of Slate
Asset Management ("Slate"), to deploy mCloud's AssetCare solution
for HVAC and indoor air quality ("IAQ") at Life Plaza, one of
Slate's premier office towers in downtown Calgary. The initial subscription term for
this agreement becomes effective at the completion of AssetCare
installation and is set to renew in November
2025.
This AssetCare solution represents mCloud's largest IAQ
deployment to date, providing clean air and energy efficiency
improvements to an 18-floor office tower spanning 235,000 square
feet across 35 cloud-connected zones.
"Through AssetCare, tenants and occupants at Life Plaza will be
able to breathe easy knowing they are in a connected building that
defines the new industry benchmark for thermal comfort, air quality
and sustainability," said Patrick
O'Neill, Ph.D., mCloud President for Connected Buildings.
"Our IAQ solution exceeds the standards and regulations set by
health and building authorities around the world, positioning the
Life Plaza building as one of the healthiest and most energy
efficient properties in Calgary."
"A key objective of our overall ESG efforts is to deliver
high-quality, resource efficient and healthy buildings to our
tenants," said Brett Koroluk, Vice
President of Asset Management at Slate. "Ensuring the wellbeing and
safety of our buildings' end users with high quality air is
particularly important now, as many employees are returning to
work. Integrating mCloud's AI-based digital solution at the Life
Plaza property not only protects our tenants, but also helps to
provide overall cost savings on energy consumption and maintenance
costs, creating value across the board."
Through AssetCare, building tenants will benefit from safer
indoor air throughout the entire building. A combination of
IoT-enabled 24/7 air quality monitoring and AI-driven connected air
purification will drive indoor air quality capable of outperforming
standard HEPA filtration by continuously eliminating up to 95% of
harmful particulates and contaminants smaller than one micron in
size. Mobile-scannable QR badges present throughout the building
will allow building occupants to get live readings of the indoor
air quality in their surroundings at any time.
In addition to improving indoor air quality, the AssetCare HVAC
and IAQ solution employs AI to drive HVAC energy improvements of up
to 25%, cost savings from optimized maintenance, and positive ESG
outcomes from the elimination of building energy waste.
Businesses interested in learning more about mCloud's HVAC and
IAQ solutions are invited to visit
https://www.mcloudcorp.com/HVAC-and-indoor-air-quality to
learn more.
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.
Headquartered in Calgary,
Canada with offices worldwide, 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
63,000 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. mCloud's convertible debentures trade on the TSX
Venture Exchange under the symbol MCLD.DB. 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 the
completion of deploying AssetCare at Life Plaza and the HVAC and
IAQ benefits to be realized through the solution.
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.