Q1 2019 Recap: Major Highlights

2019-04-01T07:02:03+00:00April 1st, 2019|Article|

We’ve had an exciting start to 2019 here at mCloud!

With the advancements we’ve made on all fronts, we wanted to take a moment to recap some of the major highlights from this past quarter:

$15M global licensing deal with Fulcrum Automation Technologies
In February, we announced our entry into Oil & Gas through a 3-year, US$15M global agreement to provide Fulcrum Automation Technologies, a strategic leader with several of the world’s premier control systems integrators in the oil & gas and petrochemical industries, the ability to deliver AI-powered solutions based on our AssetCare platform.
Read the announcement >

Partnership with Britwind to upgrade 1,000+ wind turbines in the UK
In March, we entered into a collaboration with Britwind, an affiliate of UK’s Ecotricity — the world’s first green energy company. Our partnership positions mCloud and Britwind to connect over 1,000 Endurance E-Series wind turbines, using AI and analytics to maximize power production and extend the lifespan of these assets.
See mCloud CGO Tino Lanza speak to Proactive Investors about the partnership >
Read the announcement >

New AI-powered energy saving features coming to AssetCare for Smart Buildings
Also in March, we announced our plans to launch new AI-powered energy savings features for our Smart Buildings segment, targeted at curbing energy waste in commercial buildings by up to 20% and extending our reach to connect over 3.6M commercial buildings, with our first customers slated to go live in Q2 of this year.
Read the announcement >

And this just scratches the surface — our team recently returned from China to complete deployment of a 9-year AssetCare for Smart Buildings contract for the Heiwado Shopping Centre in Hunan province, the first step on a journey with our partners at SCN to connect over 1,000 malls across the country.

We’re also very proud to have been named Top 10 in Tech for the TSX.V Top 50 in 2019!

The entire mCloud team is looking forward to building on top of our many recent successes in Q2.

Have a question or want to chat? Please reach out anytime!