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.