SUNNYVALE, Calif., July 15, 2021 /PRNewswire/ -- Matterport, Inc.,
the leading spatial data company driving the digital transformation
of the built world that has entered into a definitive agreement for
a business combination with Gores Holdings VI (NASDAQ: GHVI, GHVIU,
and GHVIW), today announced the expansion of Matterport Capture
Services™ On-Demand to 14 new U.S. cities in Texas, Illinois, Washington, Colorado, Florida, Georgia and Idaho. Last month, the company launched the
service in 12 cities in California, New
York, New Jersey and
Pennsylvania, and has now made the
service available to customers in a total of 26 cities across the
country.
As simple as ordering an Uber®, Capture Services
On-Demand lets Matterport customers within a 35-mile radius of
these cities quickly schedule a highly-trained Matterport Capture
Technician to digitize any commercial or residential property or
unique space, such as a yacht or an aircraft. Once captured,
the space is transformed into an immersive and precise 3D digital
twin and delivered to the customer's account to access, manage and
share the space more effectively than ever before.
Digital twins are already transforming how buildings are
designed, built, promoted, and managed online across a variety of
industries, including real estate, retail, insurance, hotels,
factories, schools, and museums. Research has shown that Matterport
digital twins generate more revenue for property owners, higher
conversions of visitors to bookings for vacation rentals, and up to
50% savings in facilities management costs.
"We provide architectural and engineering online services for
homeowners, so it is essential for us to have a reliable source of
field data," said Yuri Galeev, CEO
of CONSTRUCTO based in San Jose,
California. "We have been using Matterport for quite some
time so it was an easy decision for us to switch to Capture
Services On-Demand as soon as it became available. In addition to
all the benefits the Matterport solution delivers, we now have
access to a vast network of professional technicians across the
country who can support our rapid deployment in new markets. We're
a fast-growing company and it is important for us to have a
reliable partner, who can keep up with our expansion plans and
Matterport delivers big time."
Capture Services On-Demand democratizes access to Matterport's
groundbreaking 3D capture technology by offering individuals, small
businesses and large enterprises a fast, simple and cost-effective
way to digitize spaces. In just a few clicks, customers can
schedule an appointment with the company's network of vetted,
trusted, and highly experienced Capture Technicians equipped with
Matterport's leading capture solution, the Pro2 camera and Capture
App. This simple online ordering experience saves customers time
spent on finding, researching, and establishing relationships with
Matterport's existing network of trusted 3D capture
technicians.
Customers can log in to their account and choose the date and
time to book their capture appointment. Pricing is based on
property size and location and customers receive a price estimate
prior to checking out for full transparency. Once the capture is
complete, a precise Matterport digital twin of the space is then
delivered into their account for immediate use. Thousands of spaces
are captured every month with Capture Services including
co-working locations, construction sites, vacation rentals and
retail shops.
"Customers in a variety of industries have come to rely on the
value of 3D digital twins, whether supporting the design, building,
selling or leasing of a space; managing a property remotely;
generating critical data to support a renovation, and more," said
Brendan Dowdle, GM of Matterport
Capture Services. "We're excited to extend Capture Services
On-Demand to 14 more cities. Now, customers in 26 cities across
the United States can rely on a
single trusted network to order and receive digital twins
seamlessly, and cost effectively."
To learn more about Matterport Capture Services, visit
https://go.matterport.com/captureservices.
About Matterport
Matterport is leading the digital
transformation of the built world. Our groundbreaking spatial
computing platform turns buildings into data, making every space
more valuable and accessible. Millions of buildings in more than
150 countries have been transformed into immersive Matterport
digital twins to improve every part of the building lifecycle from
planning, construction, and operations to documentation, appraisal
and marketing. Learn more at matterport.com and browse a
gallery of digital twins.
©2021 Matterport, Inc. All rights reserved. Matterport is a
registered trademark and the Matterport logo is a trademark of
Matterport, Inc. Uber is a registered trademark of Uber
Technologies, Inc. All other marks are the property of their
respective owners.
Matterport Media Contact:
Naomi Little
Global Communications Manager
press@matterport.com
+44 203 874 6664
Investor Contact:
Soohwan Kim, CFA
VP, Investor Relations
ir@matterport.com
Forward-Looking Statements
This document contains certain forward-looking statements within
the meaning of the federal securities laws with respect to the
proposed business combination between Gores Holdings VI, Inc.
("Gores") and Matterport, Inc. ("Matterport"),
including statements regarding the benefits of the proposed
business combination, the anticipated timing of the proposed
business combination, the services offered by Matterport and the
markets in which Matterport operates, business strategies, debt
levels, industry environment, potential growth opportunities, the
effects of regulations and Gores' or Matterport's projected future
results. These forward-looking statements generally are identified
by the words "believe," "project," "expect," "anticipate,"
"estimate," "intend," "strategy," "future," "forecast,"
"opportunity," "plan," "may," "should," "will," "would," "will be,"
"will continue," "will likely result," and similar expressions
(including the negative versions of such words or expressions).
Forward-looking statements are predictions, projections and other
statements about future events that are based on current
expectations and assumptions and, as a result, are subject to risks
and uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this
document, including but not limited to: (i) the risk that the
proposed business combination may not be completed in a timely
manner or at all, which may adversely affect the price of Gores'
securities; (ii) the risk that the proposed business combination
may not be completed by Gores' business combination deadline and
the potential failure to obtain an extension of the business
combination deadline if sought by Gores; (iii) the failure to
satisfy the conditions to the consummation of the proposed business
combination, including the approval of the proposed business
combination by Gores' stockholders, the satisfaction of the minimum
trust account amount following redemptions by Gores' public
stockholders and the receipt of certain governmental and regulatory
approvals; (iv) the effect of the announcement or pendency of the
proposed business combination on Matterport's business
relationships, performance, and business generally; (v) risks that
the proposed business combination disrupts current plans of
Matterport and potential difficulties in Matterport employee
retention as a result of the proposed business combination; (vi)
the outcome of any legal proceedings that may be instituted against
Gores or Matterport related to the agreement and plan of merger or
the proposed business combination; (vii) the ability to maintain
the listing of Gores' securities on the NASDAQ; (viii) the price of
Gores' securities, including volatility resulting from changes in
the competitive and highly regulated industries in which Matterport
plans to operate, variations in performance across competitors,
changes in laws and regulations affecting Matterport's business and
changes in the combined capital structure; and (ix) the ability to
implement business plans, forecasts, and other expectations after
the completion of the proposed business combination, and identify
and realize additional opportunities. The foregoing list of factors
is not exhaustive. You should carefully consider the foregoing
factors and the other risks and uncertainties that are described in
Gores' final proxy statement/prospectus contained in the
registration statement on Form S-4, including those under "Risk
Factors" therein, and other documents filed by Gores from time to
time with the U.S. Securities and Exchange Commission (the
"SEC"). These filings identify and address other important
risks and uncertainties that could cause actual events and results
to differ materially from those contained in the forward-looking
statements. Forward-looking statements speak only as of the date
they are made. Readers are cautioned not to put undue reliance on
forward-looking statements, and Gores and Matterport assume no
obligation and, except as required by law, do not intend to update
or revise these forward-looking statements, whether as a result of
new information, future events, or otherwise. Neither Gores nor
Matterport gives any assurance that either Gores or Matterport will
achieve its expectations.
Additional Information and Where to Find It
In connection with the proposed business combination, Gores has
filed a registration statement on Form S-4 that includes a proxy
statement/prospectus of Gores. The Form S-4 was declared effective
by the SEC on June 17, 2021. The
definitive proxy statement/prospectus will be sent to all Gores
stockholders as of June 16, 2021, the
record date established for voting on the proposed business
combination and the other matters to be voted upon at a meeting of
Gores' stockholders to be held to approve the proposed business
combination and other matters (the "Special Meeting"). Gores
may also file other documents regarding the proposed business
combination with the SEC. The definitive proxy statement/prospectus
contains important information about the proposed business
combination and the other matters to be voted upon at the Special
Meeting and is not intended to provide the basis for any investment
decision or any other decision in respect of such matters. Before
making any voting decision, investors and security holders of Gores
and Matterport are urged to read the registration statement, the
proxy statement/prospectus and all other relevant documents filed
or that will be filed with the SEC in connection with the proposed
business combination as they become available because they will
contain important information about the proposed business
combination.
Investors and security holders will be able to obtain free
copies of the proxy statement/prospectus and all other relevant
documents filed or that will be filed with the SEC by Gores through
the website maintained by the SEC at www.sec.gov, or by directing a
request to Gores Holdings VI, Inc., 6260 Lookout Road, Boulder, CO 80301, attention: Jennifer Kwon Chou or by contacting Morrow
Sodali LLC, Gores' proxy solicitor, for help, toll-free at (800)
662-5200 (banks and brokers can call collect at (203)
658-9400).
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SOURCE Matterport