Partnership includes collaboration with the
Mercedes-EQ Formula E Team to explore the use of AssetCare™
solutions to reduce emissions, carbon footprint, and
enhancement of indoor air quality across business
SAN FRANCISCO, Jan. 20, 2022 /PRNewswire/ - mCloud
Technologies Corp. (Nasdaq: MCLD) (TSX-V: MCLD), ("mCloud" or
the "Company") a leading provider of AI-powered asset management
and Environmental, Social, and Governance ("ESG") solutions today
announced a partnership with the Mercedes-EQ Formula E Team as an
Official Team Partner just ahead of the official opening of Season
8 of the ABB FIA Formula E World Championship with races in
Diriyah, Saudi Arabia on
January 28 and 29.
As the world's only all-electric FIA World Championship and the
only sport certified net zero carbon since inception, the ABB FIA
Formula E World Championship brings dramatic racing to the heart of
some of the world's most iconic cities, providing an elite
motorsports experience that showcases electric vehicle innovation
and the power of ESG technologies. In the 2020/21 season, the
Mercedes-EQ Formula E Team became the first-ever all-electric
motorsport World Champions by winning the ABB FIA Formula E World
Championship Drivers' and Teams' titles.
The team has begun collaborating with mCloud to explore the use
of mCloud's AssetCare portfolio of solutions to drive the ESG
performance of their business, including technologies to reduce
harmful emissions, the carbon footprint of their facilities, and
further enhancing the safety and comfort of the work environment.
Using AI in the cloud, AssetCare has been adopted by companies
worldwide to decarbonize and optimize the productivity of
manufacturing facilities, commercial retail spaces, automotive
dealerships, and office buildings by reducing energy waste,
greenhouse gas emissions, and driving the safety of indoor air.
"mCloud is proud to join the Mercedes-EQ Formula E Team as
Official Team Partner," said Russ
McMeekin, mCloud President and CEO. "The Mercedes-EQ Formula
E Team and mCloud share a common vision in the use of advanced
technologies to drive positive ESG outcomes and our partnership
with the team in a global, zero-carbon racing series like Formula E
is the perfect way to demonstrate the clear business and
environmental advantages of embracing new solutions. I look forward
to attending the season opener in Diriyah along with our customers
in Saudi Arabia this month."
"The Mercedes-EQ Formula E Team, since its inception, has had
the objective to create and promote a sustainable future that
transcends the world of motorsport. Our partners have always been
instrumental in ensuring we can deliver to this objective, creating
a sustainable future around the globe through the use of new
high-performance technologies," said Ian
James, Team Principal, Mercedes-EQ Formula E Team. "We look
forward to working with mCloud on showcasing that important message
to our fanbase and businesses globally through the unique platform
of Formula E."
mCloud joins the Mercedes-EQ Formula E Team on the back of
several major AssetCare customer wins. In November 2021, mCloud announced its largest
indoor air quality deployment to-date at the premier Life Plaza
office tower in Calgary and the
delivery of HVAC energy efficiency and indoor air quality
capabilities to the first of over 100 restaurants owned and
operated by the AFCO Restaurant Group in Saudi Arabia. The Company has also pursued new
opportunities to bring AssetCare to automotive dealerships across
the United States.
mCloud was recently listed the 57th fastest-growing
company in North America on
Deloitte's Technology Fast 500™ list and the #2 company on the
Deloitte 2021 Canada Clean Technology Fast 50. The Company also
recently completed a milestone uplist to the Nasdaq in
November.
Businesses interested in learning more about mCloud and
AssetCare are invited to visit mcloudcorp.com 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.
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.
About The Mercedes-EQ Formula E Team
Motorsport has
been a core element of Mercedes-Benz for more than 125 years. The
first vehicle to bear the Mercedes-Benz name was a racing car. At
the end of 2019, Mercedes-Benz added a new chapter in its long and
successful motorsport history. The ABB FIA Formula E World
Championship is the ideal platform to demonstrate the performance
of the Mercedes-EQ battery-powered electric vehicles, offering a
completely new kind of experience, which combines racing with a
unique event character. The team celebrated the first ever
fully-electric race win for Mercedes-Benz in their debut season in
Formula E. Last year, only the second full season for the team in
the ABB FIA Formula E World Championship, the team clinched a
historic double World Championship, by finishing first in both
Teams' and Drivers' Championships.
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.