The industry leader in energy-intensive asset
performance management joins forces with leading Formula One team
for 2023 to showcase and apply new clean technologies addressing
carbon emissions and energy waste on the path to Net Zero
SAN
FRANCISCO, Feb. 27, 2023 /CNW/ - 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 become an Official
Team Partner of the Mercedes-AMG PETRONAS Formula One Team (or the
"Team").
The partnership builds on the existing implementation of
mCloud's AssetCare® solution at the home of the Mercedes-AMG
PETRONAS F1 Team in Brackley, UK.
The expanded second phase of this implementation was recently
announced on February 22, 2023. This
partnership celebrates mCloud's and the Team's collaboration in
other areas relating to sustainability. mCloud joins a select group
of partners that form the Team's Sustainability Working Group,
which aims to guide and advise on the Team's strategic ambition to
become the world's most sustainable professional sports
organization.
mCloud will also partner with the Team to showcase how new cloud
technologies, including mCloud's AssetCare portfolio of solutions,
are at the cutting edge of addressing climate challenges including
fugitive emissions and wasted energy consumption throughout
2023.
"mCloud and the Mercedes-AMG PETRONAS Formula One Team are
fueled by the same constant drive for high performance," said
Russ McMeekin, mCloud President and
CEO. "We are proud to join their Sustainability Working Group and
to have a global platform to champion the adoption of new cloud
technologies capable of tackling some of the deepest sustainability
challenges we face on the planet today."
"Our commitment to sustainability, including reaching net zero
and our strategic ambition of becoming the world's most sustainable
sports team, is all encompassing," said Toto Wolff, Team Principal and CEO of the
Mercedes-AMG PETRONAS F1 Team. "We have been impressed with the
energy efficiencies already created utilizing mCloud's AssetCare
solution at our campus in Brackley. An official partnership was the
natural next step for both organizations. Through our partnership,
we are excited to utilize their expertise as we take the next steps
in sustainability and support the development of mCloud's portfolio
of solutions."
"We are pleased to welcome mCloud as an Official Partner of the
Team and excited to have them join our Sustainability Working
Group," said Richard Sanders, Chief
Commercial Officer of the Mercedes-AMG PETRONAS F1 Team. "Their
industry leading expertise is a valuable addition to our working
group and will complement the wealth of knowledge that already
exists within our partner ecosystem. We look forward to
collaborating closely with the mCloud team moving forward."
To learn more about mCloud in partnership with the Mercedes-AMG
PETRONAS Formula One team, please visit
assetcare.mcloudcorp.com/mercedes/.
About mCloud Technologies Corp.
mCloud is unlocking the untapped potential of energy-intensive
assets with cloud-based solutions that curb energy waste, maximize
energy production, eliminate harmful emissions, and get the most
out of critical energy infrastructure. Through mCloud's portfolio
of AssetCare® solutions, mCloud enables asset owners and operators
in energy- and asset-intensive industries such as oil and gas,
wind, and commercial facilities to use cloud-based digital twins,
AI, and analytics to optimize asset performance, reliability, and
sustainability. mCloud has a worldwide presence with offices in
North America, Europe, the Middle
East, and Asia-Pacific.
mCloud's common shares trade in the
United States on Nasdaq and in Canada on the TSX Venture Exchange under the
symbol MCLD. Visit mcloudcorp.com to learn more.
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.
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SOURCE mCloud Technologies Corp.
