ARC Advisory Group acknowledges mCloud's application of IoT and AI technologies to create accessible energy efficiency solutions
- ARC Advisory Group, a leading technology advisory firm to Fortune 1000 companies for industry, infrastructure, and smart cities, publishes a new report on mCloud's subscription-based use of IoT, AI, and Analytics making energy management accessible to Small-to-Medium size businesses everywhere (Link to full ARC report)
- Report spotlights mCloud's ongoing success in using IoT and AI to improve the peak energy efficiency of building HVAC units by 20% with customers that include Starbucks, Bank of America, Dairy Queen, and Michaels.
VANCOUVER, Sept. 17, 2018 /CNW/ - Universal mCloud Corp. (TSX-V: MCLD; OTCQB: MCLDF) ("mCloud" or the "Company"), a leading provider of Artificial Intelligence and Analytics ("AI&A") and IoT-connected asset care technology, announced a new report published today by ARC Advisory Group that highlights mCloud's AssetCare™ platform as a winning energy management solution for companies both large and small.
In particular, the report captures mCloud's broad spectrum integration of the cloud, IoT-connected thermostats, and AI/machine learning to deliver peak energy efficiency improvements of 20% to the overwhelming majority of the small-to-medium sized businesses they serve. Traditionally, such businesses have avoided the large upfront investments required to integrate conventional energy management systems.
"The mCloud AssetCare offering provides a cloud based IoT solution that allows "small box" stores a low cost way to better manage their HVAC assets" said Rick Rys, Senior Consultant at ARC Advisory Group.
The ARC report further describes the mCloud solution as a proverbial "win-win" for all, with mCloud's innovative zero-upfront subscription model guaranteeing operational savings for its customers while creating a highly scalable recurring revenue stream for mCloud. The report highlights the use of mCloud solutions at Starbucks, Bank of America, Dairy Queen, and Michaels among others, as ongoing evidence of mCloud's capacity to improve sustainability for a broad range of businesses while reducing operational costs.
"There are over ten million connectable assets within mCloud's reach," said Russel McMeekin, mCloud President and CEO. "Through our AssetCare offering, mCloud has eliminated the barriers to entry that were keeping many small-to-medium businesses from adopting better energy management systems. This is a captive market opportunity we're very excited to pursue."
mCloud will have more to share with customers, partners, investors, and the media at its inaugural mCloud Connect User Conference at the Venetian Resort in Las Vegas, September 24-26, 2018. The event will feature a variety of thought leaders in energy asset management, IoT, and AI, including speakers from CLEAResult, Alectra, Cinemark, TELUS, and Microsoft.
About Universal mCloud Corp.
Universal mCloud is headquartered in Vancouver, BC with technology and operations centers in San Francisco, CA and Bristol, PA. mCloud is an Artificial Intelligence and Analytics, IoT connected asset care cloud solution company utilizing connected IoT devices, AI, deep energy analytics, secure mobile and 3D technologies that rally all asset stakeholders around an Asset-Circle-of-Care™, providing complete real-time and historical data coupled with guidance and advice based on deep analytics and diagnostics resulting in optimal performance and care of critical equipment. It's all about the asset. The powerful and secure AssetCare™ environment is accessible everywhere, 24/7 through standard mobile devices, ruggedized headsets, and web browsers. For more information, visit www.mCloudCorp.com.
Forward-Looking Information and Statements
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An investment in securities of the Company is speculative and subject to a number of risks including, without limitation, the risks 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.
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SOURCE Universal-mCloud Corp
For further information: Madelin Daviau, NATIONAL | Equicom, T: 416-848-9833, [email protected]; Russ McMeekin, Chief Executive Officer, Universal mCloud Corp., T: 415-635-3500