VANCOUVER, Oct. 19, 2017 /CNW/ - Universal-mCloud Corp (TSX-V: MCLD), ("mCloud" or the "Company"), an IoT connected asset care cloud solution company, started trading yesterday on TSX Venture Exchange following the successful completion of its reverse-takeover (RTO) transaction with Universal Ventures Inc.
"The commencement of trading on TSX Venture Exchange is an important milestone for mCloud and one that we are proud to have achieved," said Russ McMeekin, President and Chief Executive Officer.
As per the Company's earlier press release dated October 17, 2017, mCloud has recently signed a multi-year Reseller Agreement with TELUS to deliver mCloud's AssetCare™ solution to the Canadian market, targeting buildings with critical heating, ventilation and air conditioning (HVAC) requirements. The offering combines the leading capabilities of TELUS' IoT connectivity with the deep domain asset expertise of mCloud in a connected cloud solution with 24/7 vigilance that improves the health and performance of the connected assets. This is offered on a subscription basis costing a fraction of the resulting benefits.
mCloud President and CEO, Russ McMeekin says, "Our agreement with TELUS represents the first large scale partnership of such kind for mCloud. The TELUS team is focused on enabling and bringing its expertise to this important IoT asset connected market, and we look forward to working with them on this initiative."
About Universal-mCloud Corp
Universal-mCloud Corp ("mCloud") is headquartered in Vancouver, BC with technology and operations centers in San Francisco, CA and Bristol, PA. mCloud is an IoT connected asset care cloud solution company utilizing connected IoT devices, leading 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.
The TSX Venture Exchange has in no way passed upon the merits of the Transaction. Neither the 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: Russ McMeekin, President & CEO, (415) 635-3500