Universal mCloud Deploys AssetCare™ in Six-Year Agreement to
Improve Energy Efficiency of TELUS Office Tower
- mCloud announces a six-year deal with TELUS Corporate Real
Estate to upgrade HVAC controls with AssetCare connectivity at
signature office tower in Ontario, Canada
- With support from strategic partner Cypress Envirosystems,
mCloud will upgrade and connect 450 thermostats across 14 floors of
the building
- AssetCare solution will use AI and analytics to achieve 25%
gains in energy efficiency
VANCOUVER, BC, CANADA -- April 11, 2019 -- InvestorsHub NewsWire
-- 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 six-year agreement with
TELUS Corporate Real Estate ("TELUS") to upgrade HVAC controls and
deploy AssetCare at one of their premier office towers, 200
Consilium Place, in Scarborough, Ontario, Canada.
Supported by strategic partner Cypress Envirosystems Inc.
("Cypress"), mCloud will upgrade and replace 450 legacy thermostats
with Cypress Wireless Pneumatic Thermostats (WPT) and Green Box
Controllers connected via mesh network to the building's main
control system. This configuration enables building engineers to
have complete, real-time visibility into temperature and schedule
settings, managing comfort across 14 TELUS office and call center
floors.
The upgrade is expected to reduce energy costs related to
heating and cooling by 25%, along with substantial reductions in
facility maintenance costs. AssetCare will provide fault detection
and diagnostics on zone-level dampers and actuators – building
systems that are crucial to occupant comfort and help building
engineers get ahead of potential heating or cooling issues.
"We're thrilled to put our partnership with TELUS into action by
upgrading one of their signature office towers," said Dave
Weinerth, mCloud President, Smart Buildings. "The intelligence we
are adding to this office tower through AssetCare's AI and
analytics will yield tangible cost savings and will serve as a
great example for thousands of similar legacy buildings
across North America."
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.
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".
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.
An investment in securities of the Company is speculative and
subject to several risks as discussed under the heading "Risk
Factors" on pages 29 to 46 of the Company's filing statement
dated October 5, 2017. 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.
SOURCE Universal-mCloud Corp
For further information: Craig MacPhail, NATIONAL Capital Markets,
T: 416-586-1938, cmacphail@national.ca;
Russ McMeekin, Chief Executive Officer, Universal mCloud Corp., T:
415-635-3500
mCloud Technologies (CE) (USOTC:MCLDF)
Historical Stock Chart
From Nov 2024 to Dec 2024
mCloud Technologies (CE) (USOTC:MCLDF)
Historical Stock Chart
From Dec 2023 to Dec 2024
