Universal mCloud Corp (OTCMKTS:MCLDF) (CVE:MCLD) said it has engaged Market Jar Media Inc to provide digital ad services.
The supplier of artificial intelligence and analytics services for Internet of Things-connected asset care technology said in a statement late Friday, that Market Jar, based in Vancouver, will support it with press release syndication and create and host sponsored and organic content.
Last week, mCloud said it had signed a three-year renewable license and distribution agreement with Fulcrum Automation Technologies Ltd to deploy mCloud's AssetCare offering in the oil, gas and refining industries. The deal is worth US$15 million in AssetCare subscriptions.
Vancouver-based mCloud has technology and operations centers in San Francisco and Bristol, Pennsylvania.
Shares of mCloud slipped US$0.01 to US$0.31 in Friday’s OTC Markets trading. They traded at C$0.41 in Canada.
Contact Dennis Fitzgerald at [email protected]