- Vincent Higgins, former
Honeywell Global Director and General Manager, Digital
Transformation and Workforce Excellence, joins mCloud as President,
Oil and Gas Digitization to lead new hub based in Houston
- Ibrahim Al-Hindawi,
President, MENA to lead recently announced hub in collaboration
with Aramco based in Saudi
Arabia
- Dave Weinerth, President,
AssetCare™ Visual Intelligence promoted to Executive Vice
President and President, AssetCare Solutions to lead continued
AssetCare growth globally
SAN FRANCISCO, Jan. 26, 2022 /PRNewswire/ - 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 the creation of a new ESG-Digital Hub based in
Houston, Texas to join other
Company hubs based around the world. These hubs serve as focal
points for local mCloud teams driving the ongoing technology
development and customer delivery of AssetCare solutions
worldwide.
The new Houston-based focal
point joins a hub based in Calgary,
Alberta, Canada originally announced in February 2021 in collaboration with Invest
Alberta, and a hub recently announced on January 25, 2021 based in Saudi Arabia in collaboration with Aramco.
To lead the Houston hub, the
Company also announced today it had hired Vincent Higgins as President, Oil and Gas
Digitization. Higgins was most recently Honeywell's Global Director
and General Manager, Digital Transformation and Workforce
Excellence where he was responsible for Honeywell's global
digitalization offering to its industrial customers. Higgins brings
expertise in digital technologies and the Metaverse that has made
him a sought-after speaker at conferences around the world.
Higgins has also previously served as CEO to several notable
startups and was President of the Institute for Effective
Leadership. His education includes graduate work in high energy
physics at Purdue University, and a
degree in Physics from the University of
Dallas.
Alongside the appointment of Higgins in Houston, Ibrahim
Al-Hindawi, mCloud President, MENA has taken on leadership
of the mCloud-Aramco hub in Saudi
Arabia, which will also serve as the Company's headquarters
in the MENA region. Al-Hindawi joined mCloud in February 2021 and possesses a remarkable track
record including service as a key revenue leader to global
businesses including Honeywell, Yokogawa, Emerson, AspenTech, and
INOVx Solutions. His deep expertise of the oil and gas and
petrochemical industries has positioned him as a go-to digital and
ESG expert to energy executives.
To provide ongoing leadership and direction to these hubs, the
Company has further promoted Dave
Weinerth, President, AssetCare Visual Intelligence to
Executive Vice President and President, AssetCare Solutions.
Weinerth will work closely with Higgins, Al-Hindawi, and the hubs
to drive the growth of AssetCare solutions and setting of delivery
standards around the globe.
Weinerth joined mCloud in June
2018 and in his tenure at the Company, has been pivotal in
adapting the Company's foundational technologies from aerospace,
defense, and nuclear power to oil and gas, wind farms, and other
key industries through the creation of high-performance 3D digital
twins, one of the key points of differentiation for AssetCare in
ESG and digitalization.
Weinerth is a former Xerox PARC executive and graduated from the
United States Military Academy at West
Point with a degree in Engineering Management. He also
earned an MBA from the Ross School of Business at the University of Michigan.
"We look forward to the accelerated growth the creation of these
new ESG and digital hubs and organizational alignment will bring to
mCloud in the months and years ahead," said Russ McMeekin, mCloud President and CEO. "Under
Vincent's leadership in Houston in
particular, we now have a direct leader to chart our strategic path
to implement several key upstream digitalization and ESG
initiatives we began in late 2021."
mCloud also announced today that Arnel
Santos, mCloud Executive Vice President and Chief Operating
Officer will leave the Company to pursue other interests. Under the
new organizational alignment, his current portfolio of
responsibilities will now be overseen through the leadership of
Higgins, Al-Hindawi, Weinerth, and the global hubs.
Update on Amendment of Existing Credit Facility
In connection with the Company's previously announced amendment
to its credit facility with ATB Financial ("ATB") on November 25, 2021, the Company confirms it will
issue to ATB warrants to acquire up to 183,486 common shares at an
exercise price of C$5.45 per share
for a term not exceeding one year.
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 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.
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.
View original
content:https://www.prnewswire.com/news-releases/mcloud-creates-new-esg-digital-hubs-to-align-organization-and-advance-oil-and-gas-agenda-301468524.html
SOURCE mCloud Technologies Corp.