AssetCare Digitalizes Hydrocarbon Processing
AssetCare technology empowers businesses, asset managers, operators, and maintainers to take deliberate actions that drive the operational efficiency of often overlooked critical energy intensive assets.
- IoT sensors connect critical assets to the cloud where AI monitors, guides and supports asset management.
- 3D Digital Twins, at 4mm tolerance, enable access to online 3D models of entire processing facilities complete with engineering data, facilitating remote collaboration.
- Connected workers share photos, videos, and technical documentation remotely to complete work orders faster and more accurately.
AssetCare 3D Digital Twins Close the Gap
Persistent gap between engineering documentation and the physical plant as-is situation.
- Collaborate across teams with smart, very high-resolution 3D models of facilities anytime, anywhere
- Efficiently plan and conduct facility turnaround operations without being onsite
- Virtual reviews: High accuracy 3D models eliminate the need for onsite verification
- Corrosion detection: 3D models accurately measure and predict the impact of hard-to-see corrosion
AssetCare Fugitive Gas and Leak Detection
AssetCare's industrial AI enables the continuous inspection and correction of gas leaks at oil and gas facilities.
- Reducing methane emissions from oil and gas operations is among the most cost-effective and impactful actions that governments can take to achieve global climate goals.
AssetCare for Wind Farms
Solutions for wind turbine optimization and maintenance.
- Digital blade inspection automatically assesses blade condition using AI
- Wind performance analytics solution maximizes wind power production
- Automation capabilities simplify wind turbine maintenance for service providers
Get more company info from their presentation here.
As mentioned previously, MCLD has 5 potential catalysts that could make them a game-changer in 2022 and beyond. Check them out:
No. 1 MCLD Potential Catalyst - A Major Agreement Struck With Carbon Royalty Corp. That Could Be Fruitful For Decades
mCloud and Carbon Royalty Corp Sign 20-Year Agreement to Fund First 30 AssetCare™ EV Solutions for Auto Dealerships in the United States
- 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.
The agreement partners mCloud with Carbon Royalty Corp, enabling the implementation of these AssetCare contracts to be fully funded via Carbon Royalty Corp. As a benefit of this partnership, Carbon Royalty Corp receives 50% of the tax incentives, carbon credits, and other accretive financial benefits mCloud would be eligible to receive in the United States resulting from the implementation of these solutions. These benefits would be split between mCloud and Carbon Royalty Corp over the expected 20-year contract terms of AssetCare arrangements.
"This partnership between mCloud and Carbon Royalty Corp will greatly accelerate mCloud's ability to connect auto dealerships across the United States," said Russ McMeekin, mCloud President and CEO. "Additional Letters of Intent beyond the 21 already signed with other dealerships are in progress toward formal agreements."
Read the full article here.
No. 2 MCLD Potential Catalyst - Low Float Provides Possibility For High Volatility
According to the Yahoo Finance website, MCLD has a relatively low float.
The website reports this profile to have approximately 15.58Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
With so few shares available for trading, other potential catalysts (like big news) could spark a vertical move in the short-term.
No. 3 MCLD Potential Catalyst - mCloud Announces Commercial Subscription Agreement With Mercedes-Benz Grand Prix
mCloud and Mercedes-Benz Grand Prix Limited Connect AssetCare™ at Brackley, Home of the Mercedes-AMG PETRONAS Formula One™ Team
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. A recurring AssetCare monthly subscription becomes effective at the completion of the initial installation at Brackley, which is expected to occur in September 2022. The Company deems the initial revenues from this agreement to not meet materiality by regulatory standards. Assets will be added to subscription as they are connected and the Company will disclose should any future additions alter materiality.
This AssetCare deployment is mCloud's largest Connected Buildings solution to-date, cloud-connecting over 650,000 square feet at Brackley and leverages mCloud's AI and analytics to create new energy efficiencies, reductions in CO2e emissions, and improvements to indoor air quality.
When fully connected, mCloud expects the AssetCare implementation at Brackley will comprise significant numbers of new AssetCare connections enabling the Mercedes-Benz Grand Prix team to have continuous visibility into facility HVAC, industrial compressors, EV chargers, renewable energy sources, and more. mCloud and Mercedes-Benz Grand Prix also plan on rolling out an ESG dashboard accessible on campus, creating transparency around energy use and further championing sustainable behaviour onsite.
"We are proud to be working with Mercedes-Benz Grand Prix as they continue their leadership and commitment to sustainability in sport," said Russ McMeekin, mCloud President and CEO. "With AssetCare, Mercedes-Benz Grand Prix is making their Brackley campus an unrivaled example of how innovative connected technologies can continuously drive material reductions in energy consumption, emissions, and carbon footprint at a world-class campus."
Read the full article here.
No. 4 MCLD Potential Catalyst - Multiple Waves Of Customers Expected To Be Onboarded In 2022 Through 500+ Well Sites
mCloud Announces First Upstream Digital Oilfield Solutions in the United States, Launches New Connected Worker Online Store
- AssetCare Digital Oilfield solutions now being delivered to oil and gas wellsites in the United States; mCloud's AI continuously optimizes production, reduces downtime, connects field workers, and mitigates methane emissions at site
- Initial wellsites constitute first of multiple customer waves to be onboarded as mCloud continues on track to connect 500 wellsites by end of year
- Experiencing strong demand following Company's Houston launch of AssetCare Mobile in May, mCloud launches new online store to rapidly reach new customers, expedite purchasing and delivery of all-in-one solutions
SAN FRANCISCO, June 7, 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 commenced onboarding its first AssetCare Digital Oilfield solutions at wellsites in the United States. These oil wells represent the first of multiple waves of customers expected to be onboarded in 2022 as mCloud maintains pace to connect at least 500 wellsites by end of year.
mCloud's AssetCare Digital Oilfield is the industry's only complete, end-to-end, digital upstream oil and gas solution. AssetCare Digital Oilfield uses cloud-based AI to automate production management, continuously optimize wellsite performance, and drive predictive maintenance. Integrated connected worker capabilities enable wellsite operators to eliminate unplanned downtime and correct methane emissions in hours instead of weeks or months.
On May 23, 2022, mCloud was featured in a 2022-2026 Global Augmented Reality Market report published by Research and Markets. The report forecasts growth in the mobile augmented reality market of $153.62Bn accelerating at a CAGR of 46.46% from 2022 to 2026. The Company did not commission this report.
"We are excited to be connecting our first wellsites as we rapidly ramp up our delivery capacity," said Vincent Higgins, mCloud's President, Oil and Gas Digitization. "With over 1.2Mn wells in North America serviceable by AssetCare Digital Oilfield, we have direct line of sight to connecting our first 500 wells in 2022 and our plans to connect 3,000 more by the end of 2023."
These AssetCare Digital Oilfield onboarding activities are proceeding as mCloud takes the stage at several key oil and gas industry events in the month of June.
mCloud Launches New AssetCare Mobile Online Store
As announced on May 3, 2022, mCloud showcased AssetCare Mobile, the world's first fully integrated mobile connected worker solution at the IQPC Oil and Gas Connected Worker Summit and hosted a special launch event in Houston in the first week of May. These events have created significant demand for the Company's connected worker capabilities.
Read the full article here.
No. 5 MCLD Potential Catalyst - Wind Turbines Too? mCloud Announces Another Big AssetCare™ Agreement
mCloud Signs First Key AssetCare™ Agreement Delivering Performance Analytics to Major Wind Power Developer in Europe
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 /CNW/ - 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. The agreement was signed on April 26, 2022.
The AssetCare for Wind solution in deployment uses cloud-based AI and digital twins to enable the prescriptive maintenance of wind turbines at over 40 wind farms representing approximately 1,200 MW in installed capacity across the UK and continental Europe. With AssetCare, the customer can leverage AI-driven insights to decrease downtime, increase long-term production, and maximize long-term reliability.
AssetCare pulls wind turbine performance data from SCADA systems and historians to provide a holistic view of wind turbine performance. Using AI, digital twins for every turbine and sub-system evaluate actual performance and operational behavior against the turbine's current and historical potential, enabling these turbines to be managed and maintained based on the performance of each turbine and the overall fleet.
"The uptake of AssetCare for Wind with this wind power developer in Europe further strengthens the value that we bring to wind turbine fleets seeking the use of AI and analytics to get the most out of their wind in-vest-ments," said Nitin Kapoor, mCloud's President, UK and EMEA. "We look forward to working with this customer and other regional wind operators pursuing the digital transformation of their fleets."
Read the full article here.
MCLD Recap - 5 Must-know Potential Catalysts Right Now
No. 1 - A Major Agreement Struck With Carbon Royalty Corp. That Could Be Fruitful For Decades
No. 2 - Low Float Provides Possibility For High Volatility
No. 3 - mCloud Announces Commercial Subscription Agreement With Mercedes-Benz Grand Prix
No. 4 - Multiple Waves Of Customers Expected To Be Onboarded In 2022 Through 500+ Well Sites
No. 5 - Wind Turbines Too? mCloud Announces Another Big AssetCare™ Agreement
Coverage is officially initiated on MCLD. When time permits, do this: