- mCloud to connect oil and gas field workers using its AssetCare™ platform via head-worn, hands-free smart glasses
- Enterprise applications aim to improve the productivity and efficiency of over 1.4 million field workers operating over 500,000 assets in oil and gas across North America
- Through a recently announced partnership with Fulcrum Automation Technologies, mCloud will target initial roll-outs at oil and gas refineries in Alberta
VANCOUVER, April 4, 2019 – Universal mCloud Corp. (TSX-V: MCLD) (OTCQB: MCLDF) (“mCloud” or the “Company”), a leading provider of asset management solutions combining IoT, cloud computing, artificial intelligence (“AI”), and analytics, today unveiled plans to connect oil and gas field workers with real-time access to digital work assistance capabilities using the Company’s AssetCare platform delivered via head-worn, hands-free smart glasses.
Originally developed to support field workers and maintainers in mCloud’s Smart Buildings and Wind segments, the Company expects to deliver similar capabilities within its recently announced entry into Oil and Gas through its newly-signed three-year global licensing agreement for AssetCare solutions with Fulcrum Automation Technologies (“Fulcrum”). In the oil and gas industry, mCloud estimates there are over 1.4 million field workers operating over 500,000 assets across North America whose roles would benefit from the enhanced productivity and efficiency that would come with hands-free access to AssetCare in the field.
As delivered on smart glasses, mCloud’s AssetCare platform enables workers in the field to get access to the right information at the right time combining the features of an AI-powered digital assistant with advanced 3D and mixed reality. Real-time digital work instructions enable workers to get guidance and verification as they work through complex procedures, ensuring they get jobs done right the first time. Smart work order management capabilities ensure workers focus on those field assets in most urgent need of attention.
In addition, remote assistance, provided through mCloud’s strategic arrangement with Agnity Global, enables workers in the field to virtually collaborate with experts in the corporate back-office through a secure, enterprise-grade video and audio link.
The Company’s roll-out of these capabilities includes hardware partners such as RealWear, who supply mCloud with access to its HMT-1 industrial head-worn display.
“Our ability to deliver AssetCare on hands-free smart glasses lets us dramatically improve the productivity and efficiency of field workers everywhere,” said Dr. Barry Po, mCloud’s Chief Product Officer. “All across the oil and gas value chain, there are opportunities for us to enhance the way decisions are made in the field.”
In the near term, mCloud’s partnership with Fulcrum has already begun to show signs of progress as both companies work together to target oil and gas refineries across the province of Alberta, Canada with these mobile capabilities. Further expansion to other oil and gas areas across North America are in the works and will be announced later.
About Universal mCloud Corp.
Universal mCloud is creating a more efficient future with the use of AI and analytics, curbing energy waste, maximizing energy production, and getting the most out of critical energy infrastructure. Headquartered in Vancouver, Canada, with technology and operations centers in San Francisco, CA and Bristol, PA, mCloud takes advantage of IoT sensors to bring data from connected assets into the cloud, applying AI and analytics to maximize their health and performance. Today, mCloud offers complete asset management solutions to four distinct segments: smart buildings, wind energy, utilities, and oil and gas. With over 100 blue chip customers and more than 28,000 assets connected in thousands of locations worldwide, mCloud is changing the way energy assets are managed. For more information, visit www.mcloudcorp.com.
SOURCE Universal mCloud Corp.
For further information:
Craig MacPhail, NATIONAL Capital Markets, T: 416-586-1938, email@example.com; Russ McMeekin, Chief Executive Officer, Universal mCloud Corp., T: 415-635-3500
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