Partnerships with three utilities in
the United States and Canada enable businesses to optimize building
air quality and energy efficiency with support from their energy
utility
CALGARY, AB, April 21, 2021 /CNW/ - mCloud Technologies
Corp. (TSXV: 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 it is offering its AssetCare™️ solutions
for HVAC and indoor air quality ("IAQ") to small business customers
of three major North American energy utility providers, two in the
continental United States and one
in Canada.
mCloud will bring its full suite of IoT- and AI-powered
capabilities to drive meaningful energy savings and help businesses
ensure their buildings are compliant with government-mandated
health and safety regulations in three of the largest and
policy-forward parts of the US and Canada. mCloud unobtrusively provides advanced
HVAC and IAQ optimization capabilities to these utility business
customers, enabling them to receive utility-sponsored incentives
using AssetCare to help them reduce, track, and audit their energy
consumption, indoor air quality, and greenhouse gas footprint.
The AssetCare HVAC and IAQ solution uses AI to drive HVAC energy
efficiency improvements of up to 25% alongside continuous
visibility and active management of a building's ventilation
system. Air purification technologies connected to AssetCare ensure
indoor building air is healthy and safe for occupants at all
times.
Based on information provided by the three utilities, the
Company estimates these utility partnerships will make AssetCare
HVAC and IAQ solutions available to approximately one million
commercial buildings in the US and Canada.
"As businesses re-open to the public, customers and employees
alike are looking for assurance these establishments have taken
every possible precaution to provide a safe environment," said Dr.
Patrick O'Neill, mCloud's President,
Connected Buildings. "Through the support of our utility partners,
we are positioned to help thousands of small businesses in these
highly populated locales realize operational savings through
reduced energy use and improve their revenue potential through the
delivery of enhanced IAQ to attract safety-conscious
customers."
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
59,000 assets connected in thousands of locations worldwide, mCloud
is changing the way energy assets are managed.
mCloud's common shares trade on the TSX Venture Exchange under
the symbol MCLD and on the OTCQB under the symbol MCLDF. mCloud's
convertible debentures trade on the TSX Venture Exchange under the
symbol MCLD.DB. For more information, visit
www.mcloudcorp.com.
SOURCE mCloud Technologies Corp.