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
This press release contains certain "forward-looking information" within the meaning of applicable Canadian securities
legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe
harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking information and
forward-looking statements are not representative of historical facts or information or current condition, but instead represent
only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain
and outside of the Company's control. Generally, such forward-looking information or forward-looking statements can be identified
by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and
phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken",
"will continue", "will occur" or "will be achieved". The forward-looking information contained herein includes, but is not
limited to, prospective financial results and business prospects of the Company and the completion of proposed transactions with
CSA and Flow Capital.
By identifying such information and statements in this manner, the Company is alerting the reader that such information and
statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of
activity, performance or achievements of the Company to be materially different from those expressed or implied by such
information and statements.
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.
In connection with the forward-looking information and forward-looking statements contained in this press release, the Company
has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the
expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on
such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements
will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information
and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the
date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking
statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written
and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly
qualified in its entirety by this notice.
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.
SOURCE Universal-mCloud Corp
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