Universal mCloud purchases residual assets of Endurance

Technology – shutterstock_107120729

Universal mCloud Corp. has purchased the residual asset rights of Endurance Wind Power Inc. for a final sum of $50,000.

Russel McMeekin, president and chief executive officer of mCloud, said: “This transaction, combined with our recent purchase of Norwin’s technology rights, solidifies our foundation for wind analytics in our AssetCare Wind solution. We believe AssetCare Wind and the unique wind power technologies we currently have under development, like our 3D-AI driven blade scanning system connected via IoT to AssetCare that is able to detect flaws in installed turbine blades, will be highly relevant to wind turbine fleet optimization going forward.”

About Universal mCloud Corp.

Universal mCloud is an Internet of things connected asset care cloud solution company utilizing connected IoT devices, leading deep energy analytics, secure mobile and 3-D technologies that rally all asset stakeholders around an asset circle of care, providing complete real-time and historical data coupled with guidance and advice based on deep analytics and diagnostics resulting in optimal performance and care of critical equipment.

We seek Safe Harbor.

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