Universal mCloud Reports Strong Q2 Results for 2018

Russ McMeekin, a graduate of Sault College of Applied Arts and Technology and Stanford University, has led operations at Universal mCloud Corp. in San Francisco, California, as chief executive officer since 2016. Under the direction of Russ McMeekin, Universal mCloud has enjoyed considerable growth.

This past summer, the company reported a number of strong second-quarter results. Speaking to Proactive Investors in Vancouver, Canada, Mr. McMeekin and chief accounting officer Darren Anderson highlighted a 26 percent increase in consolidated revenues, from $2.4 million in Q1 2018 to $3 million in Q2. The organization also continued to enjoy healthy gross margins of 64 percent, thanks largely to a strategic model that emphasizes the acquisition of innovative, high-margin companies in the technology sector.

Following the success of Q2, the Universal mCloud team is strongly committed to continued growth, particularly in international markets. In past years, the company has expanded throughout the United States and into Canada; more recently, the international focus has transitioned to China and other Asian markets.

Universal mCloud Begins the Process of Nasdaq Co-Listing

Based in Vancouver, British Columbia, Russ McMeekin leads Universal mCloud Corp. as CEO and provides the organic and acquisition growth-focused company with strategic direction. Having completed its last oversubscribed private placement tranche, Russ McMeekin’s company recently generated $4.5 million in fresh capital for working capital and new acquisitions . 

Universal mCloud subsequently initiated a process designed to lead to its stocks being co-listed on the NASDAQ Capital Market. With this process having commenced, it is expected to continue through early 2019. The aim is to provide future and existing shareholders with expanded portfolio access to the Nasdaq stock platform. 

In order to facilitate the co-listing process, the Universal mCloud board has created a special committee that will pair experienced capital markets professionals with company management and outside advisers. The complex process of co-listing involves multi-jurisdictional regulations spanning the Securities Exchange Commission/Nasdaq with the Toronto Stock Exchange. In order to complete the process, Universal mCloud must transform a number of internal processes, as well as the governance structure.

Universal mCloud Enjoys Strong Q2 Results

Russ McMeekin joined Universal mCloud, Corp. in 2016 and continues to manage activities at the IoT and AI operation as chief executive officer. Russ McMeekin, alongside Universal chief accounting officer Darren Anderson, recently spoke to Proactive Investors about the company’s strong Q2 2018 results.

Over the period, Universal mCloud’s (CVE:MCLD) consolidated revenue increased from $2.4 million to $3 million for a rise of 26 percent over the previous quarter. Gross margins, a strong point for the company due to Universal’s strategic approach to acquiring high margin innovative tech companies, held steady at 64 percent. Universal continues to demonstrate top line growth as the business moves towards profitability, though arguably the best news for the quarter involved the diversity of growth Universal saw across numerous technology types resulting from both strategic acquisitions and organic, in-house development. The company experienced similar success in terms of geographic diversification, with sales moving from the state of California throughout the United States and Canada, as well as certain Asian markets.

Notable customers for Universal have included some of the largest banking institutions in the US and Canada, including Bank of America. To learn more about IoT offerings from Universal mCloud, please visit the company online at www.mcloudcorp.com.

Universal mCloud Acquires Ascent Aerosystems

Since 2016, Russ McMeekin has served as CEO of San Francisco-based Universal mCloud Corp., a technology company that specializes in organic growth and acquisition-based strategies in the energy assets sector. As part of his work, Russ McMeekin oversees all of the company’s M&A activity, including the recent acquisition of Ascent AeroSystems.

Universal mCloud announced the acquisition in late September 2018, which will allow the company to leverage its proprietary AssetCare remote cloud control technology in an entirely new catalog of assets, including HVAC systems, wind turbines, and transformers for electrical transport systems. Assisted by artificial intelligence, Universal mCloud will be able to monitor the performance and overall condition of these assets in real-time, which will make possible more effective maintenance schedules and avoid lengthy downtime periods.

In his comments, Universal mCloud CEO Russ McMeekin said the addition of Ascent to the company’s portfolio will increase its ability to provide cloud monitoring and maintenance solutions to energy assets in hard-to-reach areas. He also said Ascent’s technology will work hand in hand with damage-assessment provider NGRAIN solutions, another recent Universal mCloud acquisition.

The Launch of an Annual mCloud Connect Conference

Russ McMeekin is a well established presence in the technology sphere who heads San Francisco-based Universal mCloud Corp as chief executive officer. In early September, Russ McMeekin’s firm announced the launch of an annual conference designed to bring together Internet of Things (IoT) and artificial intelligence (AI) thought leaders.

The mCloud Connect 2018 conference in Las Vegas was described as providing a distinct service to dozens of industry partners and customers in highlighting recent technology advancements that are driving its core value proposition, the AssetCare platform.

The new conference also reflects mCloud’s impressive organic and acquisition-driven growth, with its cloud-based solutions designed to ensure that measurable improvements are made in the performance of corporate assets such as HVAC units. New technologies acquired have bolstered the multifaceted approach mCloud provides in ensuring that equipment performance is optimized in ways that lower costs and improve overall operations. The keynote speaker arranged for the conference, John Picard, is a well known visionary who has successfully leveraged technology to boost environmental sustainability and efficiency.

Universal mCloud Corp Expands Its AssetCare Platform for Cinemark

A respected West Coast entrepreneur, Russ McMeekin engages with Universal mCloud Corp in San Francisco as CEO and provides a host of technology focused solutions. Having expanded the firm through acquisitions, Russ McMeekin leads a company known for its AssetCare platform, which combines analytics and AI to meets the needs of major companies across North America and beyond.

In early 2018, the motion picture exhibitor Cinemark announced the enrollment of approximately 400 HVAC units across Southern California within the AssetCare platform. This partnership was strengthened in early September with the announcement that Cinemark would enroll an additional 230 rooftop HVAC units in nine new locations within the system.

Benefiting from a utility incentive program provided by ComEd, the platform ensures that energy savings are verified through an accurate baseline performance measurement. Once potential energy savings measures are identified, such as those involving retrofit, mCloud provides mechanical service partners with software and diagnostic tools for the inspection of refrigeration cycle performance and other HVAC performance measures.

With more than 600 Cinemark HVAC units nationwide benefiting from the AssetCare approach, the plan is for this platform to provide active IoT monitoring many of the Cinemark assets by next year .

CEO McMeekin Describes Engines of Universal mCloud Corp. Expansion

Guiding Vancouver-based Universal mCloud Corp. as CEO, Russ McMeekin has undertaken a complex task of leading a technology firm that encompasses acquisition-based and organic growth. Recently appearing on a program for the multimedia news organization Proactive Investors, Russ McMeekin described solid results for the second quarter of 2018 that included a 26 percent revenue increase. 

Nine months since the merger of three businesses into Universal mCloud, Mr. McMeekin pointed to the company’s success, through acquisition, in expanding technological diversity, while easing operational dependency on a single US geographical location. His firm has also broadened its footprint in Canada and has found receptivity to the idea of partnerships in China. 

One aspect of growth related to the firm’s Asset-Circle-of-Care™ platform has been a move to replicate an existing flagship relationship with Bank of America in the United States, with a major Canadian bank. Other areas of expansion include providing services to a major Chinese wind energy company with operations in Canada, and to one of North America’s most prominent coffee retailers and distributors. Mr. McMeekin attributed another driver of growth to Universal mCloud’s opportunistic purchase of NGRAIN Corporation, which inhabits a strong niche in the expanding AI and 3-D/augmented reality technology spheres.

mCloud Common Shares Gain DTC Eligibility

Former president of the Advanced Software Group at Honeywell International, Russ McMeekin serves as chief executive officer of Universal mCloud Corp in San Francisco, California. In this position, Russ McMeekin provides strategic and operational leadership to the artificial intelligence and analytics company.

On August 9, 2018, mCloud announced that its OTCQB common shares had attained eligibility for the US-based Depository Trust Company (DTC), the world’s biggest securities depository. This eligibility meant the company’s common shares could be traded more efficiently and economically, and it also opened up mCloud shares to investors in the United States, growing the company’s visibility. 

mCloud was initiated into the public markets on Oct. 13, 2017. Its first six months’ update was released on May 1, 2018. Following its shares’ availability to US investors, mCloud CEO McMeekin gave an update to potential investors on the company’s recent initiatives. These included the signing of smart building and wind commercial agreements in China, the onboarding of a major banking organization, the consolidation with Agnity Global, and the appointment of Dave Weinerthas as president of mCloud Smart Buildings. mCloud’s shares will still be available on the Toronto Venture Exchange.

Universal mCloud Corp Reaches Royalty Agreement with Anity Global

A graduate of Stanford University School of Law’s Executive Director Program, Russ McMeekin
has served as CEO of numerous companies, including Viafone, Inc., and Sci Energy. Russ McMeekin leverages his experience to serve as Universal mCloud Corp, which has announced a royalty agreement with Agnity Global.

Universal mCloud Corp has taken over 100 percent of Flow Capital’s royalty agreement with Agnity Global in a deal that extends a longstanding partnership between the two companies. A premier player in the mobile middleware sector for large carriers, Agnity Global has a highly secure platform that has been used in the health care sector where mobile workers operate with numerous devices to communicate mission-critical data to support the entire circle of care.

Universal mCloud Corp uses the platform in the energy sector, where numerous technicians work hands-free with assets. The company sometimes uses realware, which provides augmented reality that sees video, voice, and other data as technicians work on assets. 

The agreement will give Universal mCloud Corp access to more customers through Agnity Global’s platform while doubling the latter’s revenue trajectory. In sum, this deal gives financial structure to a robust strategic foundation that the two companies have developed over the course of years of collaboration.

Best Places to Sail in New Zealand

As CEO of Universal mCloud Corp in San Francisco, Russ McMeekin is responsible for the strategic, operational, and financial aspects of the company. He led the merger of Yokogawa Venture Group, Industrial Evolution, and KBC Technologies to form mCloud. When away from work Russ McMeekin enjoys sailing, and has sailed to New Zealand. Some of the top places to sail in New Zealand can be found below.

1. Marlborough Sounds offer beaches, coves, bays, islands, and drowned valleys to explore by sailboat. Located at the northern-most point of the South Island, the region is also famous for its seafood and wine. Docking at the port town of Picton enables visitors the opportunity to explore its many galleries, specialty shops, and cafes. 

2. As one of the most sought-after maritime parks in New Zealand, The Bay of Islands in Northland has 144 islands for sailors to journey to in year-round mild weather. Seafarers can also visit historical Russell Village, which features some of the oldest buildings in the country, along with seaside cafes, restaurants, and art galleries.

3. Auckland, also known as the 'City of Sails,' allows boaters to venture out in ideal weather conditions and experience panoramic views of beautiful beaches and landscapes. The island of Waiheke can be accessed from the harbor for tasting wine from renowned vineyards. Visitors can also dock at Rangitoto, the largest of Auckland's volcanic islands.

mCloud - Optimizing Energy Equipment Performance Using AI

Russ McMeekin is a seasoned executive with almost 30 years of experience leading technology companies. As CEO of mCloud Corp. in San Francisco, Russ McMeekin guides a company that specializes in implementing the latest technologies to improve the maintenance and performance of complex energy assets via the use of Artificial Intelligence (AI)

Utilizing a smart system and regional networks of highly skilled technicians, mCloud ensures that clients' equipment performs optimally at all times. Through the firm's trademarked AssetCare subscription service, mCloud monitors and analyzes using it's own proprietary Analytics and AI based on equipment data in real time to detect performance discrepancies early on. The technology can also help a company reduce energy costs and increase profits.

One example asset in which mCloud accomplishes this is in the commercial building HVAC systems. The company can monitor and control this equipment to keep it operating optimally and at the lowest cost possible. Using smart thermostat web controls and the Portfolio Energy Analytics Tool (PEAT), mCloud’s AssetCare can monitor and provide deep analysis to improve a building's HVAC performance.

Universal mCloud Hires New President of Smart Buildings

Russ McMeekin has served as CEO of Universal mCloud Corp. since 2016, a company established to help streamline energy products by leveraging IoT, cloud, and mobile platforms. As the company’s chief executive officer, Russ McMeekin is also responsible for working closely with the other company executives, including recent hires.

In June 2018, Universal mCloud welcomed Dave Weinerth to its executive team as the new President of the Smart Buildings Division. In his role, he will leverage his knowledge of energy savings policies and procedures in the California market to help the company grow both its domestic and international smart building portfolio. 

A graduate of the United States Military Academy, Weinerth has held leadership roles for major firms such as PARC and SCIenergy throughout his career. In his comments, CEO Russ McMeekin said that he believes Weinerth’s background in the industry and his leadership credentials will make him a “strong asset” to the company’s executive leadership.