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mCloud Technologies Corp (MCLDF) delivers cloud-powered solutions that optimize energy-intensive asset performance through advanced analytics and industrial IoT. This news hub provides investors and industry professionals with essential updates on the company developments shaping asset management innovation.
Access authoritative coverage of MCLDF's strategic initiatives, including quarterly financial results, technology partnership announcements, and product innovation updates. Track progress on operational milestones including market expansion efforts and restructuring programs designed to enhance long-term competitiveness.
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mCloud Technologies Corp., a cloud technology solutions provider, has announced significant corporate updates. The company, currently in a Strategic Process to explore strategic alternatives, will advance to its next steps in collaboration with Google Cloud. Key updates include the resignation of all independent directors and most officers, barring the CEO and Chief Growth Officer. mCloud aims to restructure and potentially sell the company or its strategic assets. The company is also addressing legacy liabilities and costs, and is involved in legal proceedings with ATB Financial and Emissions Reduction Corp.
mCloud Technologies Corp. (NASDAQ: MCLD) will showcase its AssetCare® Fugitive Emissions solution at the LEAP 2023 tech conference in Saudi Arabia from February 6-9, 2023. This innovative cloud-based solution, powered by Google Cloud and Google Earth Engine, enhances the detection and management of methane leaks through AI and digital twin technology. The solution aims to improve emission reporting accuracy and efficiency. Following a strategic partnership with Google Cloud in 2022, mCloud is positioned to contribute significantly to sustainability efforts in the energy sector, particularly in methane abatement.
mCloud Technologies Corp. (Nasdaq: MCLD) will host a conference call on May 17, 2022, at 10:00 a.m. EDT to discuss its first quarter financial results. Interested participants can join by calling 416-764-8659 or 1-888-664-6392 using confirmation number 41593877. The call can also be accessed via a live audio webcast here. An archived version will be available until May 24, 2022. mCloud specializes in AI-powered asset management, focusing on optimizing energy-intensive assets.
mCloud Technologies Corp. has signed a significant three-year agreement with a global wind power developer to utilize its AssetCare solution for wind turbine performance analytics. This deployment marks the company's first major asset management project since pandemic restrictions were eased in Europe. The AssetCare for Wind solution will optimize the performance of turbines across over 40 wind farms, totaling approximately 1,200 MW capacity. By leveraging AI and digital twins, mCloud aims to enhance reliability, reduce downtime, and increase long-term production for its client.
mCloud Technologies Corp. (Nasdaq: MCLD) has launched AssetCare Mobile, an all-in-one connected worker solution for the digital oilfield, aimed at enhancing productivity and safety. The solution integrates hardware, software, and support, and is offered on a subscription basis starting at US$99 per month. It allows workers to access real-time data, collaborate remotely, and streamline workflows. Field trials indicate companies can achieve significant efficiency improvements, including 30% faster task completion and 96% first-time job accuracy. mCloud showcases AssetCare Mobile at the IQPC Oil and Gas Summit in Houston, Texas.
mCloud Technologies Corp. (Nasdaq: MCLD) reported FY 2021 revenues of C$25.6 million, slightly down from C$26.9 million in 2020, impacted by pandemic restrictions. AssetCare Over Time revenues rose 83% to C$23.5 million. Connected assets increased by 7% to 63,776. The company anticipates FY 2022 revenues between C$43 million and C$54 million, with gross margins expected at 60-65%. The Nasdaq uplisting was completed in November 2021, enhancing financial visibility. mCloud aims to surpass 90,000 connected assets by year-end.
mCloud Technologies Corp. (NASDAQ: MCLD) will host a conference call on April 4, 2022, at 10:00 am EDT to discuss its financial results for the year-end and fourth quarter of 2021. CEO Russ McMeekin and CFO Chantal Schutz will present prepared remarks, followed by a Q&A session. The call will also cover a recent partnership with Carbon Royalty Corp and financing strategies in the Middle East. Archival access will be available through telephone and audio webcast. mCloud leverages AI and analytics to optimize energy-intensive assets with over 63,000 connected assets globally.
mCloud Technologies Corp. (NASDAQ: MCLD), a leader in AI-powered asset management and ESG solutions, announced a delay in its upcoming conference call to discuss its recent agreement with Carbon Royalty Corp and explore strategic financing options in the Middle East. A new date and time for the call will be provided soon. The Company leverages its AI-driven AssetCare™ platform to enhance the performance of energy-intensive assets globally, with over 63,000 connected assets and a strong customer base. For more information, visit www.mcloudcorp.com.
mCloud Technologies Corp. (Nasdaq: MCLD) has signed a 20-year agreement with Carbon Royalty Corp to fund 30 AssetCare solutions aimed at enhancing electric vehicle (EV) charging efficiency at auto dealerships across New York and California. This partnership, announced on March 28, 2022, will equally share tax incentives and carbon credits. Following a successful initial contract with the Vail Buick Dealership, mCloud plans to expand its operations to over 500 dealerships by the end of 2023.
mCloud Technologies Corp. (NASDAQ: MCLD) has announced that CEO Russ McMeekin will present at the 2022 Virtual Growth Conference from March 28th to 30th, hosted by Maxim Group and M-Vest. Investors will gain insights into diverse sectors including clean energy and technology. Additionally, mCloud will disclose its fourth quarter and year-end 2021 financial results on March 30, followed by a conference call on March 31 at 10:00 AM ET. The company’s AI-powered AssetCare™ platform optimizes energy-intensive assets, showcasing its significant impact in energy management.
