SUNNYVALE, Calif., July 13, 2021 /PRNewswire/ -- Matterport,
Inc., the leading spatial data company driving the digital
transformation of the built world, which has entered into a
definitive agreement for a business combination with Gores Holdings
VI (NASDAQ: GHVI, GHVIU, and GHVIW), today announced its platform
integration with the PTC (NASDAQ: PTC) Vuforia
Engine™ and Vuforia
Studio™ augmented reality (AR) software offerings
available within the Vuforia® Enterprise
Augmented Reality Suite.
Customers can now enrich digital twins captured with the
Matterport platform with interactive AR experiences
called Area Targets. This new functionality from PTC,
combined with Matterport's dimensionally-accurate spatial data,
enables customers to drop into an exact location of an immersive 3D
environment and access experiences such as wayfinding, virtual
training, real-time information retrieval, and more.
Offices, stores, factory floors, apartments, and museums are
ideal spaces for Area Targets. Companies in a wide range of
industries can realize a wide range of benefits using AR
visualizations within 3D digital twins, from the creation of
engaging customer experiences to the increase of operational
efficiencies and workforce productivity.
"PTC is excited to offer a joint solution with Matterport that
gives customers a highly visual and interactive way to deliver
digital content onto the environments captured by the Matterport
platform," said Michael Campbell,
Executive Vice President and General Manager, Augmented Reality
Products, PTC. "Applications using Area Targets can leverage
real-time navigation and viewing of in-context IoT data available
on-demand on the factory floor. This enables customers to increase
workforce efficiency and improve training times."
Hundreds of thousands of subscribers around the world have
brought more than five million spaces online to date with the
Matterport platform to access, manage and utilize them more
effectively. The company has extended its market reach from real
estate to include architecture, engineering and construction;
retail; insurance and restoration; travel and hospitality; and
facilities management.
"Partnering with PTC has resulted in a game-changing offering
that will fuel innovation across many industries," said Japjit
Tulsi, Chief Technology Officer of Matterport. "It's exciting to
see how developers are using Matterport, the Vuforia Engine, and
Area Targets to create highly engaging 3D experiences that generate
meaningful ROI for customers."
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 All rights reserved. Matterport is a registered trademark
of Matterport, Inc., and the Matterport logo is a trademark of
Matterport, Inc. All other marks are the property of their
respective owners.
About PTC
PTC enables global manufacturers to realize
double-digit impact with software solutions that enable them to
accelerate product and service innovation, improve operational
efficiency, and increase workforce productivity. In combination
with an extensive partner network, PTC provides customers
flexibility in how its technology can be deployed to drive digital
transformation – on premises, in the cloud, or via its pure SaaS
platform. At PTC, we don't just imagine a better world, we enable
it.
PTC, Vuforia, Vuforia Engine, Vuforia Studio, and the PTC
logo are trademarks or registered trademarks of PTC Inc. and/or its
subsidiaries in the United States
and other countries.
Media Contacts
Naomi Little
Matterport Global Communications Manager
press@matterport.com
+44 203 874 6664
PTC Corporate Communications
Gabrielle Farrell
gfarrell@ptc.com
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).
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/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