BREAKING NEWS
103Breaking News - RICH TV LIVE - MARCH 26, 2019 - This is big news and we bring it to you first - Britwind and mCloud sign MOU to target upgrades of an Endurance E-series fleet of over 1,000 wind turbines.
mCloud enables Britwind to offer the upgrade as a subscription service with zero capital outlay by wind turbine owners on a typical 5-year term.
Upgrades will allow Britwind customers to take advantage of mCloud's AI and analytics capabilities to improve wind turbine performance and reliability.
VANCOUVER, March 26, 2019 /CNW/ - Universal mCloud Corp. (TSX-V: MCLD) (OTCQB: MCLDF) ("mCloud" or the "Company"), a leading provider of asset management solutions combining IoT, cloud computing, artificial intelligence ("AI"), and analytics, is pleased to announce the signing today of a Memorandum of Understanding ("MOU") with Britwind Ltd, an affiliate of Ecotricity ("Britwind") – the world's first green energy company.
Britwind is a full-service company in the small and medium-size wind segment with proven excellence in wind energy production, operations, and maintenance. In collaboration with Britwind partner Norwin Energy, Britwind has designed an upgrade to a fleet of over 1,000 Endurance E-series turbines, for which Ecotricity acquired IP rights in 2017 and addresses structural risks present in the installed fleet.
Through the upgrade, called rEsolve, mCloud and Britwind are working together to offer Britwind customers a complete end-to-end upgrade solution on a subscription basis. The solution will include the opportunity to use mCloud's AI and analytics to enhance the operation of their wind turbines alongside a 5-year warranty. The rEsolve solution enables E-series owners, most based in the UK, to extend the life of the E-series machines and improve turbine performance for the benefit of both owners and the environment.
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