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Tuesday, 06/15/2021 11:30:42 AM

Tuesday, June 15, 2021 11:30:42 AM

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mCloud and Fidus Global Bring AssetCare™ to State of Arkansas Government Buildings
06/15/2021
First building occupied by the State of Arkansas set to deploy AssetCare HVAC and Indoor Air Quality solutions as both companies target millions of square feet of government-occupied space state-wide

CALGARY, AB, June 15, 2021 /CNW/ - mCloud Technologies Corp. (TSXV: MCLD) (OTCQB: MCLDF) ("mCloud" or the "Company"), a leading provider of AI-powered asset management and ESG solutions today announced it is connecting the first building in a portfolio of buildings operated by the State of Arkansas in partnership with Fidus Global, LLC ("Fidus Global") as both companies continue to target customers in the southeastern United States including Arkansas and Florida. mCloud previously announced it had partnered with Fidus Global to target an initial 5,000 buildings across the country on February 16, 2021.

A first building occupied by the State of Arkansas has adopted mCloud's AssetCare connected building solutions for HVAC and Indoor Air Quality as the state seeks to improve indoor air safety across government properties, including office buildings, schools, and other state-run facilities in the wake of COVID-19. The first of these state-operated buildings is expected to be connected and online in July as mCloud and Fidus Global plan to continue working with the State of Arkansas to connect millions of square feet across numerous properties occupied and managed by the state government.

"AssetCare uniquely offers the State of Arkansas a compelling building solution that simultaneously optimizes both indoor air quality and energy efficiency in one single package," said Dr. Patrick O'Neill, mCloud's President, Connected Buildings. "Our partnership with Fidus Global has brought mCloud to the table in safety-conscious states like Arkansas and Florida where we expect our ability to drive energy savings, reduce carbon footprint, and improve indoor air quality will be a powerful value proposition and major differentiator that will attract customers operating large multi-site portfolios nationwide."

"We are eager to get started on our first of what we expect to be many government-operated properties here in Arkansas," said Aarron Hale, President of Fidus Global. "The state government intends to have the best indoor air quality in the country through the deployment of advanced technologies including AssetCare."

Fidus Global is currently working with all levels of government within Arkansas to address indoor air quality challenges across the state in partnership with mCloud. Both companies continue to target national retail buildings across the country as originally announced with the first AssetCare building connections from these efforts expected to go live in the fall of this year.
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