SUNNYVALE, Calif., June 2, 2021 /PRNewswire/ -- Matterport,
Inc., the leading spatial data company driving the digital
transformation of the built world, today began the roll out of
Matterport Capture Services™ On-Demand in twelve major U.S.
cities. As simple as ordering an Uber, customers within a 35-mile
radius of New York, Newark, Philadelphia, Miami, Los
Angeles, Irvine,
Riverside, San Diego, San
Francisco, Oakland,
San Jose and Sacramento can instantly schedule a
highly-trained Matterport Capture Technician to digitize any
commercial, residential or unique space, such as a yacht or
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.
In February 2021, Matterport
announced that it has entered into a definitive agreement to enter
into a business combination with Gores Holdings VI (NASDAQ: GHVI,
GHVIU, and GHVIW), a special purpose acquisition company sponsored
by an affiliate of The Gores Group, LLC, that will result in
Matterport becoming a publicly listed company. Upon closing of the
proposed business combination, the combined company will be named
"Matterport, Inc." and intends to remain listed on NASDAQ under the
ticker symbol "MTTR."
Capture Services On-Demand democratizes access to Matterport's
groundbreaking 3D scanning technology by offering individuals,
small businesses and companies a fast, simple and cost-effective
way to digitize spaces. In just a few clicks, customers can
schedule a capture appointment with the company's network of
vetted, trusted, and highly experienced Capture Technicians
equipped with a Matterport Pro2 camera. Over five million spaces by
more than 330,000 subscribers in 150+ countries have been captured
to date. Thousands of spaces have already been captured with
Capture Services On-Demand including co-working locations,
construction sites, vacation rentals and retail shops.
Customers can expect to connect with Capture Technicians like
Carlos Hernandez who has captured
over 2,200 spaces over the last six years in the Southern California region. "We've served
customers across several industries and Matterport has become
essential to keeping their operations running. With an accurate
digital twin, they are accomplishing many of the things they do in
a physical space from anywhere, on any device, powering a new
generation of virtual collaboration. For example, we've seen real
estate agents share photorealistic 3D experiences of their listings
to speed up transactions; construction customers accelerate
decision making by sending digital twin updates to stakeholders;
and schools provide students and parents an engaging way to
understand what to expect for reopening."
Capture Services On-Demand is a simple online order experience
saving customers the time to find, research, and establish
relationships with 3D photographers themselves. Customers can login
to their account and choose the date and time to book their capture
appointment; pricing is based on the property size and location and
charged at the time of ordering. Once the capture is completed and
the space is processed, a precise Matterport digital twin of the
space is then delivered into the customers' account for immediate
use.
"Capture Services On-Demand is the perfect solution for
customers who want or need to digitize any home, property or space
quickly, and still want to receive the highest quality results,"
said RJ Pittman, CEO of Matterport. "Customers can immediately
connect with our Capture Technicians who take enormous pride in
providing the highest quality of service. These are the same
Matterport experts who capture large and complex spaces for our
most prominent enterprise customers on a recurring basis so new
customers can feel confident in their skill, professionalism and
output."
The addition of this on-demand service complements
the enterprise offering Matterport announced last month which
delivers a convenient turnkey solution for large companies that
need to convert tens of thousands of real estate assets into
digital twins globally, simultaneously and with speed. Capture
Services for the Enterprise is designed to dramatically reduce the
complexity, time and cost for these companies to digitize their
portfolio of properties at scale.
Hundreds of thousands of customers are rapidly bringing
buildings and spaces online. Just last week, Matterport reported
that the number of Matterport digital twins created has more than
doubled since May 2020, surging past
five million spaces under management since the company's inception
10 years ago. Over 15 billion square feet of space, more than five
times the size of all the buildings in New York City, have been transformed into
Matterport digital twins. With highly-skilled Capture Technicians
available on-demand to anyone, obtaining a digital twin is now
effortless, which only serves to fuel growth of the company's
subscriber base and spaces under management.
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. 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 will be
described in Gores final proxy statement/information
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 of Gores, an information statement of Matterport and a
prospectus of Gores. The proxy statement/information
statement/prospectus is not yet effective. The definitive proxy
statement/information statement/prospectus, when it is declared
effective by the SEC, will be sent to all Gores and Matterport
stockholders as of a record date to be 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/information statement/prospectus will contain 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/information 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/information 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).
Participants in Solicitation
Gores and Matterport and their respective directors and officers
may be deemed to be participants in the solicitation of proxies
from Gores' stockholders in connection with the proposed business
combination. Information about Gores' directors and executive
officers and their ownership of Gores' securities is set forth in
Gores' filings with the SEC. Additional information regarding the
interests of those persons and other persons who may be deemed
participants in the proposed business combination may be obtained
by reading the proxy statement/information statement/prospectus
regarding the proposed business combination. You may obtain free
copies of these documents as described in the preceding
paragraph.
Disclaimer
This document relates to a proposed business combination between
Gores and Matterport. This document does not constitute an offer to
sell or exchange, or the solicitation of an offer to buy or
exchange, any securities, nor shall there be any sale of securities
in any jurisdiction in which such offer, sale or exchange would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
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SOURCE Matterport