mCloud Technologies Corp V.MCLD.H

Alternate Symbol(s): V.MCLD.WT.H | MCLDF

Technology Software - Application

mCloud Technologies Corp. is a provider of cloud technology solutions, namely AssetCare. Customers use AssetCare software-as-a-service (SaaS) and data solutions to ensure assets continuously operate at peak performance. Through its portfolio of AssetCare solutions, the Company enables asset owners and operators in energy and asset-intensive industries, such as oil and gas, wind, and commercial facilities to use cloud-based digital twins, artificial intelligence (AI), and analytics to optimize asset performance, reliability, and sustainability. It offers foundational enterprise technology solutions enabling capabilities, such as secure communications, connected work, and remote monitoring. It offers aerial survey capabilities through the use of drones to automate and streamline the detection and measurement of fugitive emissions, including greenhouse gases, natural gas, and volatile organic compounds. It has a presence in North America, Europe, the Middle East, and Asia- Pacific.

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mCloud Technologies Corp > mCloud and Carbon Royalty Corp Sign 20-Year Agreement

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Post by Betteryear2on Mar 30, 2022 8:49pm

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mCloud and Carbon Royalty Corp Sign 20-Year Agreement

On the back of first auto dealership recently announced on March 21, mCloud swiftly moving to contract with additional auto dealerships in New York and California
Agreement enables AssetCare implementation, splitting tax incentives, carbon credits, and other green energy infrastructure charging benefits equally between mCloud and Carbon Royalty Corp over expected 20-year length of AssetCare contracts with auto dealerships
Plans to use this approach to scale beyond 500 auto dealerships by end of 2023

SAN FRANCISCO, March 30, 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 it had signed an agreement on March 28, 2022 with Carbon Royalty Corp to proceed with closing and funding the first 30 AssetCare solutions to optimize Electric Vehicle ("EV") charging efficiency at auto dealerships in the states of New York and California.