Universal mCloud Corp (CVE:MCLD) (OTCMKT:MCLDF), which operates in the burgeoning world of artificial intelligence and the Internet of Things (IoT), said Tuesday that it had made a key appointment and a new addition to the AssetCare business team to target customers in the oil and gas industries.
In a statement, the company said that the bolstered team will drive organic growth “through new multi-year, recurring, commercial Software-as-a-Service contracts” within its Smart Process line of business, which includes customers in the oil and gas, petrochemical, and pipeline industries.
According to the company, its technology is curbing energy waste, maximizing energy production, and getting the most out of critical energy infrastructure all over the globe. Through mCloud's AI-powered AssetCare platform, the firm provides clients with software to monitor and analyze the health of their equipment/assets. It offers complete asset management solutions to three distinct segments: smart facilities, power generation, and process industries including oil and gas.
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The company said Jason Brown was promoted to president, Smart Process Industries and will be responsible for the Smart Process line of business with a mandate to grow mCloud's footprint by extending the company's reach to new oil and gas centres around the world.
Brown has over 20 years of process industry experience, having been an integral part of the leadership team at Autopro Automation Consultants Ltd prior to mCloud's acquisition of the business. Through his tenure at Autopro, Brown has served as account manager, then branch manager of Autopro's Grande Prairie office, and most recently as vice president, operations.
The company also said it is tapping Patrick Kelly as director of Solutions Business Development with responsibility for driving new revenue through the definition of AssetCare solutions specific to Smart Process. He brings over 35 years of process industry experience, having led and managed the strategic solution portfolios across refining, petrochemical, LNG, and oil and gas at Honeywell. In addition, Kelly led the smart grid and power generation programs at KBC, a Yokogawa company.
"Jason and Patrick collectively bring decades of leadership experience in serving the technology needs of customers within process industries," said Universal mCloud CEO Russ McMeekin.
Right talent and technology
"We now have the right talent, technology, and timing to take our AI-powered AssetCare solutions for Smart Process to create new efficiencies in every part of the hydrocarbon value chain," he added.
Over the next five years, the company expects to connect more than 150,000 process assets globally.
“It’s a journey that we have already begun through the success we are having in delivering AssetCare to oil and gas facilities in Western Canada, and our expansion into the United States, Australia, and the Middle East," said McMeekin.
Contact Uttara Choudhury at [email protected]
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