mCloud, the industry leader in energy-intensive asset performance management, joins forces with the top F1 team for 2023 to showcase and apply new clean technologies addressing carbon emissions and energy waste on the path to Net Zero.
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mCloud Technologies Corp. (Nasdaq: MCLD) (TSX-V: MCLD), (“mCloud” or the “Company”) a provider of cloud technology solutions optimizing the performance, reliability, and sustainability of energy-intensive assets today announced it had become an Official Team Partner of the Mercedes-AMG Petronas Formula One Team.
The partnership builds on the existing implementation of mCloud’s AssetCare solution at the Mercedes-AMG Petronas F1 Team home in Brackley, UK. The expanded second phase of this implementation was recently announced on February 22, 2023. This partnership will enable both mCloud and the Team to collaborate in other areas relating to sustainability. mCloud joins a select group of partners that form the Team’s Sustainability Working Group, which will advise on the Team’s strategic ambition to become the world’s most sustainable professional sports organization.
mCloud will also partner with the Team to showcase how new cloud technologies, including mCloud’s AssetCare portfolio of solutions, are at the cutting edge of addressing climate challenges, including fugitive emissions and wasted energy consumption throughout 2023.
Russ McMeekin, mCloud President and CEO, commented:
mCloud and the Mercedes-AMG Petronas Formula One Team are fueled by the same constant drive for high performance. We are proud to join their Sustainability Working Group and to have a global platform to champion the adoption of new cloud technologies capable of tackling some of the deepest sustainability challenges we face today.
Our commitment to sustainability, including reaching net zero and our strategic ambition of becoming the world’s most sustainable sports team, is all-encompassing,” said Toto Wolff, Team Principal and CEO of the Mercedes-AMG Petronas F1 Team. We have been impressed with the energy efficiencies already created utilizing mCloud’s AssetCare solution at our campus in Brackley. An official partnership was the natural next step for both organizations. Through our partnership, we are excited to utilize their expertise as we take the next steps in sustainability and support the development of mCloud’s portfolio of solutions.
Richard Sanders, Chief Commercial Officer of the Mercedes-AMG Petronas F1 Team, added:
We are pleased to welcome mCloud as an Official Partner of the Team and excited to have them join our Sustainability Working Group. Their industry-leading expertise is a valuable addition to our working group and will complement existing knowledge within our partner ecosystem. We look forward to collaborating closely with the mCloud team moving forward.