The agreement with V2 also ensures mCloud is ready for scalable deployment within Saudi Arabia and in a manner compliant with Saudi legal requirements by geo-locating AssetCare data within the Kingdom.
The Company previously announced on October 8 it had received a license to conduct business activities from the Ministry of Investment of Saudi Arabia (“MISA”). Costantino Lanza, mCloud co-founder and Chief Growth and Revenue Officer said:
“As we build our footprint in Saudi Arabia, it is imperative we have a capable, secure, and scalable cloud partner in the Kingdom of Saudi Arabia. The speed at which we are able to deploy our first solutions is indicative of the high-performance environment that V2 maintains for its customers.”
mCloud has brought the full suite of AssetCare solutions to Saudi Arabia, including ESG tracking and reporting capabilities via AssetCare Enterprise, HVAC and indoor air quality solutions via Connected Buildings, connected worker solutions through AssetCare Mobile, and the Company’s 3D Digital Twin offering, all of which are seeing customer adoption in support of the ESG objectives of Saudi Vision 2030. Meanwhile all of this is happening in collaboration with local partners such as V2 and others.
By mid-2022, the company expects to add numerous buildings and oil and gas assets to its AssetCare portfolio.
]]>“Through AssetCare, tenants and occupants at Life Plaza will be able to breathe easy knowing they are in a connected building that defines the new industry benchmark for thermal comfort, air quality and sustainability.”
A combination of IoT-enabled 24/7 air quality monitoring and AI-driven connected air purification will drive indoor air quality capable of outperforming standard HEPA filtration by continuously eliminating up to 95% of harmful particulates and contaminants smaller than one micron in size. Mobile-scannable QR badges present throughout the building will allow building occupants to get live readings of the indoor air quality in their surroundings at any time.
In addition to improving indoor air quality, the AssetCare HVAC and IAQ solution employs AI to drive HVAC energy improvements of up to 25%, cost savings from optimized maintenance, and positive ESG outcomes from the elimination of building energy waste.
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