mCloud Reaches 15th Branded Corporate Chain using AssetCare™ Artificial Intelligence (“AI”) HVAC Cloud Solution

2019-04-19T16:44:39+00:00April 2nd, 2018|Press Release|

Major Client Brands Include Dairy Queen and Great Harvest Bread

Solution Deployed at Over 250 Retail Locations Across North America

Energy Savings of More Than 15% Achieved in a Number of Locations

VANCOUVER, April 2, 2018 /CNW/ – Universal mCloud Corp. (TSX-V: MCLD) (“mCloud” or the “Company”), a leading provider of IoT connected, asset-care technology solutions, is pleased to report on one of its customers’ feedback and savings as a result of its AI-driven, energy optimization and performance management program for critical HVAC asset management.

As part of its AssetCareTM offering, mCloud employs AI not only to monitor HVAC asset health, but also to identify and drive energy reduction in real-time while simultaneously optimizing asset performance. “mCloud has built a cloud-based solution which leverages AI and analytics whereby algorithms continuously learn and adapt to accurately represent the energy asset,” stated Russel McMeekin, President and CEO of mCloud. “Once the AI algorithm is ‘trained’, AssetCareTM optimizes real-time operation while maintaining the desired comfort level, providing 24/7 vigilance and systematically identifying the smallest deviation in asset performance.”

Early adopters such as Dairy Queen and Great Harvest Bread have reported robust results with significant energy savings as a result of implementing AssetCareTM. The main goal is to reduce energy costs across their asset portfolios, while enabling automated methods to manage and optimize asset maintenance costs.

Jim Adison, Operation Manager at Jonmar Inc. who operates six Dairy Queen Franchise locations in Las Vegas, noted, “mCloud has delivered on their promise and commitment of reducing our energy costs. We were surprisingly pleased with the insights into our stores’ HVAC operations in ways that we hadn’t imagined.” The company started its implementation process in 2017 and has reported a total energy savings of over 15%. Jonmar Inc. plans to extend AssetCareTM to all its stores in 2018. Dairy Queen Corporation has over 6,400 stores in more than 25 countries, 70% of which are located in the United States.

These results are in line with the patterns observed by other mCloud clients. Once the reduction in cost is demonstrated in one location, implementation of AssetCareTM across the entire franchise is the next logical step.

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.

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

View original content: http://www.newswire.ca/en/releases/archive/April2018/02/c5928.html

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For further information: Justin Canivet, NATIONAL | Equicom, T: 416-586-1942, jcanivet@national.ca; Russ McMeekin, Chief Executive Officer, Universal mCloud Corp., T: 415-378-6001

CO: Universal-mCloud Corp

CNW 17:00e 02-APR-18