• Bolsters mCloud’s ability to bring AI-powered products and services to market
• Leadership will advance and accelerate mCloud’s AI and analytics agenda
• Will lead all mCloud product management and marketing activities
Vancouver, British Columbia (Feb 19, 2019) – 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, is pleased to announce the promotion of Dr. Barry Po to Chief Product Officer, reporting to the CEO. Effective immediately, Dr. Po will lead mCloud’s product management and marketing functions.
Dr. Po joined mCloud in 2018 by way of mCloud’s acquisition of NGRAIN (Canada) Corporation (“NGRAIN”). As part of NGRAIN’s senior leadership, he oversaw product management, marketing, and business development. He brings with him 15 years of product leadership experience working for some of the world’s most recognized brands. Over the course of Dr. Po’s career, he has taken numerous high-tech offerings to market, delivering products and services to millions of customers in over 80 countries around the world.
“mCloud’s application of AI and analytics is solving some of the world’s most challenging energy problems,” said Dr. Po. “I am excited to help lead this innovative Company and enable more customers to maximize the health and performance of their energy assets.”
“Since our acquisition of NGRAIN, Barry has expertly executed and shaped mCloud’s product and marketing strategies,” stated Russ McMeekin, President and Chief Executive Officer of Universal mCloud. “In his new role, Barry will lead our product teams and work to build mCloud’s presence in key markets. Our leadership team looks forward to working closely with this impressive individual and benefitting from his strong leadership and expertise.”
mCloud also announces that it has engaged Native Ads Inc. (“Native Ads”) to provide and manage a comprehensive digital media marketing campaign for the Company. The engagement is subject to TSX Venture Exchange approval.
The Company has entered into an eight week programmatic digital advertising campaign for a total cost of C$200,000; compromising of $150,000 for digital advertising, paid distribution, and media buying over the campaign period and, $50,000 for content creation, consulting, managed services and management fees over the course of the campaign period. Native Ads is a full service ad agency, that owns and operates a proprietary ad exchange with over 80 integrated SSPs (supply side platforms) resulting in access to 3-7 billion daily North American ad impressions. Neither Native Ads nor any of its directors and officers own any securities of the Company.
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
For additional information, please contact:
NATIONAL Capital Markets
Chief Executive Officer
Universal mCloud Corp.
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.