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Universal mCloud wins three new customers in Montana

All three customers are from the Chippewa Cree tribe and have deployed mCloud’s AssetCare technology to help cut their energy bills

cooling fan
The businesses have already seen the positive effect of AssetCare

Artificial intelligence group Universal mCloud Corp (CVE:MCLD) has won three new customers in Montana – all of which are members of the Chippewa Cree tribe.

mCloud has deployed its AssetCare technology at Northern Winz Casino, Stone Child College, and Rocky Boy Elementary School.

READ: Universal mCloud Corp wins approval from TSX Venture Exchange for Agnity royalty deal

In total, six buildings have been kitted out with AssetCare – an AI-driven technology which monitors heating, ventilation and cooling equipment and can help to reduce energy costs.

“We're excited about the real cost savings and positive impact achieved for the Chippewa Cree,” said mCloud founder and chief executive Russ McMeekin.

“We are also thrilled with the synergies we have achieved working with our local Indigenous partners, who now have the experience to expand AssetCare across their diverse businesses and institutions.”

He added: “The casino footprint alone represents a major market opportunity for mCloud. The National Indian Gaming Commission reports there are more than 485 Indigenous-owned gaming operations in the United States. Additionally, there are 565 Indigenous Tribes with 244 gaming operations in 28 states.”

Northern Winz Casino manager Raymond Parker said he had already seen the cost savings brought about by AssetCare.

“mCloud's subscription model enabled us to optimize our HVAC performance, which created a more comfortable environment for our customers and has positively impacted our revenues.”

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Price: 2.18 CAD

Market: TSX-V
Market Cap: $59.93 m

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