mCloud Advances AI Beyond Energy Efficiency to Provide Digital Air Quality Management

VANCOUVER, March 16, 2020 – mCloud Technologies Corp. (TSX-V: MCLD, MCLD.DB) (OTCQB: MCLDF) (“mCloud” or the “Company”), a leading provider of asset management solutions combining IoT, cloud computing, artificial intelligence (“AI”), and analytics, today announced it is embedding advanced sensing technology from NYCE Sensors Inc. (“NYCE”), an industry-leading provider of IoT solutions for commercial building applications, into its AssetCare™ solutions for Smart Facilities.

mCloud has combined NYCE’s wireless CO2 sensors for air duct management, building occupancy, and air quality measurement with the AI and analytics provided by AssetCare. Through this combined capability, the Company enables buildings occupied by foodservice operators, facility managers, and commercial property owners to benefit from value beyond baseline energy efficiency by keeping tenants, staff, and customers healthy and safe through the intelligent optimization of building airflow and ventilation.

The Center for Sustainable Systems at the University of Michigan estimates there are at least 5.6 million commercial buildings covering more than 87 billion square feet of floor space in the United States alone, accounting for 17% of all CO2 greenhouse gas emissions nationwide in 2018. In addition, they estimated that Volatile Organic Compounds (VOCs) are found in concentrations two to five times greater indoors than in nature, leading to indoor air quality issues that include eye, nose, and throat irritation, headaches and nausea, and even extreme effects such as cancer or nervous system damage.

[an error occurred while processing this directive] For more information, the University of Michigan Commercial Buildings Fact Sheet can be found at: http://css.umich.edu/factsheets/commercial-buildings-factsheet.