Leading provider of AI-powered asset management and ESG solutions, mCloud Technologies Corp (OTCMKTS:MCLDF), announced on August 3rd , 2021 signing of Memorandum of Understanding with strategic provider of advanced ground and aerial inspection technology solutions, URBSOFT.
Urbsoft is supporting the Saudi Vision 2030 initiative and its transformative urban and industrial programs. The MOU partners will take the complete portfolio of AssetCare solutions for marketing in Saudi Arabia. The two will deliver industrial visual inspection solutions using the firm’s 3D capabilities and URBSOFT’s advanced GIS and GPS technologies to leading oil and petrochemical companies.
mCloudis expecting the partnership to result in growth for its regional business in the Middle East, with URBSOFT leading regional sales as well as broker strategic relationships. URBSOFT, the principal advisor to the Saudi Government, is facilitating the adoption of new technologies.
Russ McMeekin, mCloud President and CEO said that he met industry leaders on a visit to Saudi Arabia for accelerating digital transformation and decarbonization of their businesses.
Dr.Ahmed Alkadi, URBSOFT CEO, said that the URBSOFT has commenced the introduction of mCloud and AssetCare to reputed industrial players including Saudi Aramco amongst others.
mCloud Technologies Corp also announced reporting of its earnings for quarter two aftermarket closure on August 16, 2021, by hosting a conference call. The call will have remarks from Russ McMeekin, Chief Executive Officer, and Chantal Schutz, Chief Financial Officer.
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