mCloud Technologies Corp

mCloud Technologies Corp. creates a future with the use of AI and analytics, curbing energy waste, maximizing energy production, and getting the most out of critical energy infrastructure. Its mCloud's AI-powered AssetCare platform offers complete asset management solutions to three distinct segments: smart buildings, wind energy, and oil and gas. The mCloud family includes an ecosystem of operating subsidiaries that delivers IoT, AI, 3D, and mobile capabilities to customers all integrated into AssetCare. The company was founded on December 21, 2010 and is headquartered in Vancouver, Canada.

McLeodUSA, Inc. provides telecommunications services. The firm provides integrated communications services, including local, long distance, data, and Internet service in 25 Midwest, Southwest, Northwest, and Rocky Mountain states in the US. The company was founded in 1992 and is headquartered in Cedar Rapids, IA.

SAN FRANCISCO , Nov. 10, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company"), a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today announced that, due to strong demand, it has increased the size of its previously announced non-brokered offering of common shares of the Company from US$12.5 million to US$18.0 million at a price per share of US$1.14 per share (the "Offering"). Subject to receipt of all required approvals, including ‎the final approval of the TSX Venture Exchange (the "TSXV"), the Offering is expected to be completed in mid-to-late November.

mCloud Announces Upsize of Common Share Offering to $18 Million with Strategic Investors

SAN FRANCISCO , Nov. 8, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today announced that it will it host a conference call to discuss the financial results for the third quarter of 2022 at 10:00 a.m. EST, November 15, 2022.

mCloud Announces Third Quarter 2022 Financial Results Conference Call

SAN FRANCISCO , Nov. 2, 2022 /PRNewswire/ - mCloud Technologies Corp. (NASDAQ: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today announced Vincent Higgins, mCloud's President, Oil and Gas Digitization is a keynote at the 13th Annual IQPC Operational Excellence in Oil and Gas Summit in Houston, USA this week -- November 1 to 3, 2022. Higgins and the mCloud Digital Oilfield team are showcasing mCloud's AssetCare™ Emissions Management solution at the summit this week, including mCloud's most recent advancements in detecting, localizing, and tracking emissions at the equipment level integrated with Google Earth Engine.

mCloud at IQPC Operational Excellence in Oil and Gas Summit Showcasing Emissions Management

Key highlights of new go-to-market Company integration and new efficiencies expected to generate cost structure improvements of greater than 25% beginning in Q4 2022 compared year-over-year with Q4 2021 mCloud exits low-margin Technical Project Services business and retires low-value legacy connected assets and workers in Q3 2022 AssetCare™ fully migrates to the Google Cloud Platform, retaining support for other cloud services in regions not yet supported by Google Cloud Update on funding initiatives Reaches agreement to close US$12.5 million with consortium of strategic investors based in Saudi Arabia supporting the growth of Company's sustainability applications on Google Cloud, aligned with Saudi Vision 2030 Company continues to await regulatory approval in connection with previously announced preferred share offering and reaffirms plans to repay in full the outstanding principal and interest on outstanding unsecured convertible debentures SAN FRANCISCO , Nov. 1, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSXV: MCLD), ("mCloud" or the "Company") a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today announced it has implemented a new go-to-market plan on the back of its recent announcement it had entered a strategic partnership with Google Cloud. As announced on October 27, 2022, this strategic partnership closely integrates and aligns the Company with Google Cloud to jointly co-market, co-sell, and deliver AssetCare sustainability solutions to customers worldwide, starting with specific customers already working with both companies globally and in the United States, Canada, UK and Europe, Saudi Arabia, Malaysia, and Japan.

mCloud Integrates with Google Cloud to Accelerate Revenue Growth and Maximize Cost Efficiency

Three mCloud applications combine the compute and scale of Google Cloud and Google Earth Engine with the industrial AI and connected worker capabilities of mCloud's AssetCare™ platform to eliminate emissions and drive sustainable performance at facilities worldwide mCloud joins the Google Partner Advantage program with mCloud's AssetCare available on Google Cloud Marketplace in Q4 2022; companies to co-market and jointly deliver solutions with initial customer accounts in the USA, Canada, UK and Europe, Saudi Arabia, and Japan In oil and gas:  Digitalized emissions management streamlines methane abatement programs, combining unique AI-driven emissions detection with Google Earth Engine and 3D digital twin capabilities to measure, locate, and correct methane leaks with high precision In buildings: AI-powered energy savings automatically eliminate energy waste and minimize the energy use intensity of commercial and industrial facilities, leveraging solar radiation data from Google Earth Engine to optimize high-demand sites now deploying EV charging infrastructure In wind: Connected visibility into wind turbine performance combined with live wind and weather data provided by Google Earth Engine continuously optimizes wind energy production while Google Cloud-enabled image processing AI streamlines the inspection of wind turbine blades to maximize renewable energy potential SAN FRANCISCO , Oct. 27, 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 it had entered into a strategic partnership with Google Cloud to launch three AI-powered sustainability applications combining the Company's AssetCare platform with the power and reach of Google Cloud and additional services such as Google Earth Engine. The strategic partnership between mCloud and Google Cloud is timely as the United States, the European Union, and Saudi Arabia make major commitments to methane abatement and the implementation of more stringent emission regulations.

mCloud and Google Cloud Partner to Launch Trio of Sustainability Apps Aimed at Curbing Carbon Emissions Worldwide

SAN FRANCISCO , Oct. 26, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSX-V: MCLD), ("mCloud" or the "Company") a leading provider of AI-powered asset management and Environmental, Social, and Governance ("ESG") solutions today announced it proposes to enter into arrangements to receive unsecured non-convertible loans from a group of arm's length strategic investors (the "Lenders"), pursuant to which mCloud will borrow approximately US$2 million, or such larger amount as may be agreed by the parties (the "Loan"). The Loan will bear interest of 15% per annum and the maturity date of the Loan will be the date that is 8 months following the date that the Lenders provide the Loan to the Company.

mCloud Announces Proposed Unsecured Loan from Strategic Investors

SAN FRANCISCO , Sept. 15, 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 provided an update on an interest payment related to its outstanding unsecured convertible debentures (the "Debentures").

mCloud Provides Update on Interest Payment Related to Outstanding Unsecured Convertible Debentures

Interest payment covers accrued interest to August 31, 2022 SAN FRANCISCO , Aug. 29, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSX-V: MCLD), ("mCloud" or the "Company") a leading provider of AI-powered asset management and Environmental, Social, and Governance ("ESG") solutions today announced an interest payment in connection with its outstanding unsecured convertible debentures (the "Debentures"). mCloud has forwarded to TSX Trust Company the funds to cover accrued interest for the Debentures up to August 31, 2022 of C$586,437.50.

mCloud Announces Interest Payment Related to Outstanding Unsecured Convertible Debentures

Added 2,921 new connected assets and workers, totaling 67,471 connections in Q2 2022 As part of Agnity transition, mCloud received a one-time US$5.96 million payment from Agnity on July 29, 2022 After considering a $2.6 million one-time balance sheet charge and other impacts related to the Company's transition of its licensing of Agnity technology, Q2 2022 net revenues as reported were C$2.3 million compared to C$6.6 million in Q2 2021 SAN FRANCISCO , Aug. 15, 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 its financial results for the second quarter ended June 30, 2022 ("Q2 2022"). mCloud President and CEO Russ McMeekin commented on Q2 2022: "Since the first quarter of 2022, we have made continuous progress in executing our growth plans – in particular, our efforts to deliver Digital Oilfield solutions, the commencement of our first oil and gas implementations in Saudi Arabia, and our rollout of EV charging optimization solutions at auto dealerships in New York and California.

mCloud Announces Second Quarter 2022 Financial Results; AssetCare Connections Resume Briskly; Revenues Include One-Time Charge

CALGARY, AB , Aug. 9, 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 it will host a conference call to discuss the financial results for the second quarter of 2022 at 10:00 a.m. EDT, August 16, 2022.

mCloud Announces Second Quarter 2022 Financial Results Conference Call

SAN FRANCISCO , Aug. 2, 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 that it has entered into a technology continuation agreement with Agnity Global Inc. (the "Technology Continuation Agreement" and "Agnity" respectively), enabling mCloud to build on the success of its existing relationship with Agnity. The Technology Continuation Agreement will replace the royalty agreement between mCloud and Agnity originally announced on June 21, 2018.

mCloud Enters Into Technology Continuation Agreement with Agnity Global Inc.

Agreement marks first phase of commercial engagement to deliver AssetCare and drive sustainable operations, reduce emissions, and improve indoor air quality across iconic 650,000 square foot campus SAN FRANCISCO , July 13, 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 a commercial subscription agreement with Mercedes-Benz Grand Prix Limited ("Mercedes-Benz Grand Prix") to deploy mCloud's AssetCare Connected Buildings solution at the Mercedes-Benz Grand Prix headquarters in Brackley, UK – home of the Mercedes-AMG PETRONAS Formula One™ Team and the Mercedes-EQ Formula E Team. The AssetCare agreement was signed on July 12, 2022 and commences with the first phase of a multi-year campus-wide implementation of AssetCare.

mCloud and Mercedes-Benz Grand Prix Limited Connect AssetCare™ at Brackley, Home of the Mercedes-AMG PETRONAS Formula One™ Team

SAN FRANCISCO , June 30, 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 provided a further update on the planned repayment of its outstanding unsecured convertible debentures due on June 30, 2022 (the "Debentures"). On June 27, 2022, mCloud provided an update indicating it had filed an F-1 registration statement with the SEC on May 11 in connection with a previously announced preferred share offering.

mCloud Provides Further Update on Repayment of Outstanding Unsecured Convertible Debentures

SAN FRANCISCO , June 27, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSX-V: MCLD), ("mCloud" or the "Company") a leading provider of AI-powered asset management and Environmental, Social, and Governance ("ESG") solutions today provided an update on the planned repayment of its outstanding unsecured convertible debentures due on June 30 , 2022 (the "Debentures"). mCloud filed an F-1 registration statement with the SEC on May 11 in connection with its previously announced preferred share offering.

mCloud Provides Update on Repayment of Outstanding Unsecured Convertible Debentures

Q1 2022 revenues were down year-over-year but comparable quarter-over-quarter, consistent with expectations set at the Company's full year 2021 conference call on April 4, 2022 Q1 2022 AssetCare ™ Over Time revenues were down 38% at C$4.0 million for the quarter compared to C$6.4 million in Q1 2021, comparable to the C$3.9 million seen in Q4 2021 Q1 2022 total revenues were down 40% at C$4.4 million for the quarter compared to C$7.4 million in Q1 2021, modestly higher than the C$4.2 million seen in Q4 2021 Added 774 new connected assets in the quarter including assets from large implementation of the Company's AssetCare indoor air quality solution at Slate Life Plaza building in Calgary As announced on May 5, 2022, Company closed first US$15 million in funding from partnership with Carbon Royalty Corp as demand for Company's EV charging optimization solution at auto dealerships off to a strong start in 2022 Growth activities in the Middle East, Canada, and Europe expected to see significant ramp going forward into 2023 Structure defined for retirement of the Company's 2019 convertible debenture by June 30, 2022 VANCOUVER, BC , May 16, 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 its financial results for the first quarter ended March 31, 2022 ("Q1 2022"). mCloud President and CEO Russ McMeekin commented on the results: "mCloud's results in the first quarter of 2022 were in line with what was discussed at our last conference call for the fourth quarter and full year 2021 on April 4, 2022, reflecting the impact of impeded use of mCloud solutions up to the end of March.

mCloud Announces First Quarter 2022 Financial Results

CALGARY, AB , May 12, 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 it will that it host a conference call to discuss the financial results for the first quarter of 2022 at 10:00 a.m. EDT, May 17, 2022.

mCloud Announces First Quarter 2022 Financial Results Conference Call

First major AssetCare wind deployment since easing of pandemic restrictions in Europe Deploys new AI-driven digital twin enabling prescriptive maintenance that decreases downtime, increases long-term production, and maximizes long-term reliability of wind turbine fleet SAN FRANCISCO, Calif. , May 10, 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 a three-year agreement with a global wind power developer with operations in Europe, delivering the Company's AssetCare solution for wind turbine performance analytics.

mCloud Signs First Key AssetCare™ Agreement Delivering Performance Analytics to Major Wind Power Developer in Europe

Close accelerated by strong customer traction seen since announcing AssetCare offering for auto dealerships in March 2022 Recent success at New York Auto Show in April 2022 bolsters mCloud's position for next potential tranche of funding in partnership with Carbon Royalty On track to onboard 45 auto dealerships by end of 2022, including prominent dealerships in New York and California SAN FRANCISCO , May 5, 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 it had closed US$15 million in funding for the first 30 AssetCare EV implementations at auto dealerships in New York and California in partnership with Carbon Royalty Corp. On March 30, 2022, mCloud announced it had signed an agreement with Carbon Royalty Corp to partner in the implementation of these solutions. Carbon Royalty Corp fully funds the implementation of these AssetCare contracts and each party receives 50% of the tax incentives, carbon credits, and other financial benefits over the life of these contracts, typically on 20-year terms.

mCloud Closes Carbon Royalty Corp Funding of US$15 Million for First 30 AssetCare™ EV Implementations at Auto Dealerships

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.

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

Full year 2021 AssetCare ™ Over Time revenues were C$23.5 million compared to C$12.8 million in full year 2020, up 83% year-over-year Full year 2021 total revenues were C$25.6 million compared to full year 2020 revenues of C$26.9 million, reflecting a constrained technical project services business and sporadic additions to connected assets continuously impacted by pandemic restrictions Total connected assets were 63,776 at year-end 2021 compared to 59,462 connected assets at year-end 2020, up 7% year-over-year Major technology developments in 2021 were enablers for new strategic agreements in Q1 2022, including recently announced agreements with Aramco, Carbon Royalty Corp, and digital oilwell activity in the United States Milestone uplist to Nasdaq completed in November 2021 SAN FRANCISCO , April 4, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSX-V: MCLD), ("mCloud" or the "Company") a leading provider of AI-powered asset management and Environmental, Social, and Governance ("ESG") solutions today announced its financial results for the fourth quarter and full year ended December 31, 2021 ("Q4 2021" and "FY 2021" respectively). "While 2021 was a challenging year for mCloud to connect assets and provide technical services to our customers, we have come into 2022 with evolved technologies that are the bedrock for strategic master agreements poised to drive major growth," said Russ McMeekin, mCloud President and CEO.

mCloud Announces Fourth Quarter and Full Year 2021 Financial Results

CALGARY, AB , March 31, 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 it will host a conference call to discuss the financial results for the year-end and fourth quarter of 2021 and its outlook on 2022 at 10:00am EDT on April 4, 2022. The conference call will include prepared remarks from Russ McMeekin, Chief Executive Officer, and Chantal Schutz, Chief Financial Officer.

mCloud to Host Fourth Quarter and Year-End 2021 Financial Results Conference Call at 10:00am EDT on April 4, 2022

New date and time being set for conference call; details forthcoming CALGARY, AB , March 30, 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 it will discuss a recent announcement with Carbon Royalty Corp and Middle East strategic financing alternatives at its upcoming conference call for the year-end and fourth quarter of 2021. The Company requires additional time to address these developments in its report of earnings and the upcoming conference call.

mCloud to Discuss Recent Carbon Royalty Corp Agreement and Middle East Strategic Financing Alternatives at Upcoming Conference Call

On the back of first auto dealership recently announced on March 21, mCloud swiftly moving to contract with additional auto dealerships in New York and California Agreement enables AssetCare implementation, splitting tax incentives, carbon credits, and other green energy infrastructure charging benefits equally between mCloud and Carbon Royalty Corp over expected 20-year length of AssetCare contracts with auto dealerships Plans to use this approach to scale beyond 500 auto dealerships by end of 2023 SAN FRANCISCO, March 30, 2022 /PRNewswire/ - mCloud Technologies Corp. (Nasdaq: MCLD) (TSX-V: MCLD), ("mCloud" or the "Company") a leading provider of AI-powered asset management and Environmental, Social, and Governance ("ESG") solutions today announced it had signed an agreement on March 28, 2022 with Carbon Royalty Corp to proceed with closing and funding the first 30 AssetCare solutions to optimize Electric Vehicle ("EV") charging efficiency at auto dealerships in the states of New York and California. mCloud previously announced on March 21, 2022 it had signed its first AssetCare contract with the Vail Buick Dealership in Bedford Hills, New York.

mCloud and Carbon Royalty Corp Sign 20-Year Agreement to Fund First 30 AssetCare™ EV Solutions for Auto Dealerships in the United States

SAN FRANCISCO , March 23, 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 announced today that Russ McMeekin, mCloud's CEO, has been invited to present at the 2022 Virtual Growth Conference, presented by Maxim Group LLC and hosted by M-Vest, on March 28th - 30th from 9:00 a.m. - 5:00 p.m.

mCloud to Participate in the 2022 Virtual Growth Conference - Presented by Maxim Group LLC and hosted by M-Vest on March 28th - 30th from 9:00 a.m. - 5:00 p.m.

Initial agreement delivers mCloud's AssetCare buildings solution to manage the energy efficiency of auto dealership in Con Edison territory of Bedford Hills, NY over a 17-year term Solution leverages cloud-based AI to manage energy consumption of EV chargers using battery storage and solar to continuously optimize energy use to reduce costs and carbon footprint Signed LOIs in place to connect 15 additional dealerships in New York with total expected value of more than $14 million mCloud targeting over 2,000 other auto dealerships in New York and California SAN FRANCISCO , March 21, 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 it had signed an agreement on March 17, 2022 to deliver its AssetCare for Connected Buildings solution to manage the energy efficiency of the Vail Buick Dealership in Bedford Hills, New York, the first of 15 planned installations for auto dealerships in New York state to help control rising energy costs in the electric vehicle ("EV") era. mCloud will deploy an innovative combination of AI in the cloud, solar power generation, and battery storage to continuously manage the energy cost and carbon footprint of the entire dealership, including the substantial increased energy consumption from EV charging now being implemented onsite.

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