mCloud Enables the Digital Oilfield with World's First Fully Integrated Mobile Connected Worker Solution

Rhea-AI Summary

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.

Positive

• Launch of AssetCare Mobile positions mCloud as a leader in connected worker solutions.
• Subscription model starts at US$99 per month, providing a cost-effective solution for clients.
• Field trials report up to 30% faster work order completion and 98% reduction in back-office turnaround.
• AssetCare Mobile integrates with existing systems, ensuring immediate deployment.

Negative

• None.

AssetCare Mobile Now Available and in Deployment with First Customers as All-in-One Software and Headset Solution Ready to Deploy Out of the Box

SAN FRANCISCO, May 3, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a leading provider of AI-powered asset management and Environmental, Social, and Governance ("ESG") solutions, today announced the first all-in-one connected worker solution enabling the "digital oilfield" and enhancing the productivity and safety of field workers across the energy industry, ready for deployment "out of the box."

mCloud will showcase the solution, called AssetCare Mobile™, in action at the IQPC Oil and Gas Connected Worker Summit in Houston, Texas May 3-5, 2022. Vincent Higgins, mCloud's President, Oil and Gas Digitization, will keynote the event, sharing his views on the role of digitalization in the future of work.

Delivered in partnership with Moziware, the creators of the world's first pocket-sized, voice-activated, hands-free head-worn display, AssetCare Mobile provides everything, including all the hardware, software and support industrial workers need to get straight to work. AssetCare Mobile is offered on a simple subscription with plans as low as US$99 per month on 36-month terms.

With AssetCare Mobile, connected workers in the field can instantly access critical asset information in real-time; communicate and collaborate with experts and other co-workers remotely; easily share photos and videos of equipment requiring repair; digitize processes and workflows such as operator rounds and field inspections; and work more safely in hazardous environments.

Based on field trials with AssetCare Mobile customers in live field settings, mCloud estimates companies can expect to see up to:

• 30% faster work order and task completion
• 98% reduction in back-office turnaround
• 96% in jobs completed accurately the first time
• 15% improvement in wrench time

AssetCare Mobile integrates seamlessly with existing IT, OT, and enterprise systems. AssetCare Mobile also works on any device, including tablets, smartphones and other headsets, enabling organizations to implement the solution immediately. mCloud offers future-proofing with select AssetCare Mobile subscriptions, enabling customers to receive upgrades to mobile hardware, ensuring access to the latest mobile devices on the market.

"AssetCare Mobile is the only connected worker solution that's ready for the digital oilfield, giving workers all the tools they need to complete complex tasks in the field efficiently and safely," said Higgins. "We are incredibly excited to be first-to-market and already deploying to digital oilfield customers in the United States with the world's first connected worker solution that brings together all of the capabilities industrial customers are looking for in one convenient package."

"With our ability to deploy in any industrial field setting and work on any device, including the incredible Moziware Cimo, AssetCare Mobile is the world's most versatile connected worker solution, bringing people and information together no matter where they are, so your workforce can get every job done right – the first time," Higgins added. "The future of connected work has arrived."

Every AssetCare Mobile subscription includes everything a worker needs to be connected and ready to do their jobs, including:

• Next-gen Moziware CIMO hands-free headset
• 36-month subscription to AssetCare Mobile
• Headband, hard hat clips and charging cable
• Video calling capabilities
• Digital forms for capturing field data
• Pre-loaded voice-activated apps
• Complementary onboarding, training and 24/7 support

Those interested in AssetCare Mobile are invited to visit assetcare.mcloudcorp.com/mobile/ to learn more.

mCloud is pleased to offer a 20% discount with code MCLOUD20 on last-minute registrations for the IQPC Oil and Gas Connected Worker Summit at www.oilandgasiq.com/events-the-connected-worker.

About mCloud Technologies Corp.

mCloud is unlocking the untapped potential of energy intensive assets with AI and analytics, curbing energy waste, maximizing energy production, and getting the most out of critical energy infrastructure. Through mCloud's AI-powered AssetCare™ platform, mCloud offers complete asset management solutions for commercial buildings, renewable energy, healthcare, heavy industry, and connected workers. IoT sensors bring data from connected assets into the cloud, where AI and analytics are applied to maximize their performance.

With a worldwide presence and offices in San Francisco, Vancouver, Calgary, London, Perth, Singapore, and Beijing, the mCloud family includes an ecosystem of operating subsidiaries that deliver high-performance IoT, AI, 3D, and mobile capabilities to customers, all integrated into AssetCare.  With over 100 blue-chip customers and more than 63,000 assets connected in thousands of locations worldwide, mCloud is changing the way energy assets are managed.

mCloud's common shares trade in the United States on the Nasdaq and in Canada on the TSX Venture Exchange under the symbol MCLD. mCloud's convertible debentures trade on the TSX Venture Exchange under the symbol MCLD.DB. 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.

View original content:https://www.prnewswire.com/news-releases/mcloud-enables-the-digital-oilfield-with-worlds-first-fully-integrated-mobile-connected-worker-solution-301538073.html

SOURCE mCloud Technologies Corp.

FAQ

What is AssetCare Mobile by mCloud Technologies Corp.?

AssetCare Mobile is a connected worker solution enabling digital oilfield operations, enhancing productivity and safety for field workers.

How much does AssetCare Mobile cost?

The AssetCare Mobile subscription starts at US$99 per month on a 36-month term.

What efficiency improvements can be expected with AssetCare Mobile?

Field trials indicate users can see up to 30% faster task completion and 98% reduction in back-office turnaround.

Where is AssetCare Mobile being showcased?

AssetCare Mobile is being showcased at the IQPC Oil and Gas Connected Worker Summit in Houston, Texas from May 3-5, 2022.

What are the benefits of using AssetCare Mobile for industrial workers?

Benefits include real-time asset information access, remote collaboration, and improved job accuracy and safety.