Universal mCloud and Cypress Envirosystems Sign Agreement to Initially Target Large Institutional Buildings in Canada Using AssetCare™ AI&A Cloud Solution
Posted April 15th 2018
VANCOUVER, April 10, 2018 /CNW/ – Universal mCloud Corp. (TSX-V: MCLD) (“mCloud” or the “Company”), a leading provider of Artificial Intelligence and Analytics (AI&A) and IoT-connected asset care technology, today announced that it has signed a partnership with a Silicon Valley-based Cypress Envirosystems Inc. (Cypress). Cypress’ patented, non-invasive pneumatic-to-digital controller is the only technology available that effectively upgrades legacy non-digital energy control systems without significant disruption.
An estimated 70% of North America facilities are still using legacy pneumatic-based control systems, which prevents them from effectively using IoT based smart building solutions. The mCloud-Cypress combined offering will immediately enable powerful, IoT-cloud based smart-building monitoring solutions for the large legacy market.