Breaking News - UNIVERSAL MCLOUD CORP (MCLD) (MCLDF)
54Breaking News - UNIVERSAL MCLOUD CORP (MCLD) (MCLDF) - RICH TV LIVE - MARCH 12, 2019 - Universal mCloud Corp. (TSXV:MCLD.VN) (OTC:MCLDF), through its AssetCare platform, aims to optimize energy consumption by as much as 20 percent in commercial buildings using a blend of AI, IoT and cloud computing. In an interview with Investorideas.com, company CEO, Russ McMeekin, explained how implementing IoT in a building's thermostat system allows for less energy waste.
"You replace ... thermostats with smart or IoT thermostats, and those are connectable through either 4G, 5G, LTE or WiFi directly to the cloud," he said. "In real time, buildings get optimized to use less energy."
McMeekin also indicated that mCloud's tech enables buildings to detect problems ahead of time and fix them before they cause a disruption.
"It drives preventative maintenance," he said. "The data shows that behavior is about to change in the assets, so before failure occurs maintenance can begin."
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