|Delayed - 01/25 03:57:05 pm|
mCloud Technologies : Achieves Milestone with Over C$10 Million in Oil and Gas Total Contract Value
|11/10/2020 | 07:01am|
- AssetCare™️ solutions for oil and gas providing solid momentum heading into 2021
- Also announces plans to launch new AssetCare solution to curb fugitive gas emissions
Today, mCloud deploys cloud-based AssetCare solutions to improve the cost efficiency and performance of process industry infrastructure at oil and gas centers around the world. Oil and gas facilities benefit from AI-powered solutions that optimize critical assets, including process control systems, heat exchangers, and connected workers in the field utilizing mobile head-mounted displays and 3D digital twins.
"Our team helps companies generate direct, measurable results that showcase new cost efficiencies, productivity, and Environmental, Social and Governance ("ESG") leadership across organizations," said
mCloud plans to deliver an industry-first AssetCare solution for fugitive emissions management to early adopters by the end of this year. This solution combines state-of-the-art industrial IoT sensors with cloud-based AI to mitigate industrial gas emissions, reinforcing the Company's position as an ESG enabler for the industry and showcasing the power of deploying advanced technology to bolster productivity and drive positive ESG outcomes.
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. Through mCloud's AI-powered AssetCare™ platform, mCloud offers complete asset management solutions in five distinct segments: 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.
mCloud's common shares trade on the
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