Matterport, Inc. (Nasdaq: MTTR), the leading spatial data company
driving the digital transformation of the built world, today
announced that Gilbane Building Company (“Gilbane”), a global
leader in real estate, construction, and facility management
services, has realized 25 to 30 percent in cost and time savings by
adopting Matterport digital twins to enable remote collaboration
during its design, build program delivery. A family-owned
organization with 150 years of experience, Gilbane has more than 50
offices in the United States and abroad in Japan, Ireland, and the
United Arab Emirates and has standardized the use of Matterport
across their U.S. portfolio. The company is currently engaged in an
eight-year Americans with Disabilities Act (ADA) improvement
initiative with a national banking leader and will create
Matterport digital twins of 1,100 branch locations.
“With all design and construction projects, time is of the
essence, and Matterport digital twins have helped our teams
collaborate more efficiently and made us indispensable partners to
our clients,” said Joel Vande Boom, Director of Strategic Projects,
Midwest, at Gilbane. “Using Matterport, we have access to highly
accurate visuals and measurements that make virtual decision-making
possible. For our customer, we were able to host design meetings
and make quick decisions on 21 branch locations during one virtual
meeting, drastically cutting in-person visits and saving 168 hours.
Ultimately, digital twins help us provide superior service that
wins us repeat clientele. We were also able to save more than 1,000
hours of site visits by different parties across 300 sites. This
allows us to host remote and collaborative meetings anywhere with a
couple clicks. Gilbane’s national multi-site team continues to use
this approach and the Matterport toolset to bring indispensable
solutions to customers related to capital expense programs and
branding initiatives.”
As an avid user of Matterport’s spatial data solutions since
2016, Gilbane uses a combination of the Matterport Pro2 3D camera
and Matterport Capture app for smartphones to capture its spaces.
Capturing spaces with a smartphone gives teams the convenience of
using just the device in their pocket whenever a digital twin is
needed. Gilbane utilizes digital twins for customers in corporate
offices, healthcare, and retail, among others. By providing teams
with access to digital twins, Gilbane can remotely conduct a site
assessment, extract data, and help estimators better understand a
project. As a result, Gilbane eliminates unnecessary site visits,
identifies design issues earlier, and reduces field-to-finish time.
In addition, Gilbane customers can easily access project
information and better understand the conditions of a job site at
each stage until completion. Watch this video about Gilbane’s use
of Matterport here.
To further accelerate design and construction projects, Gilbane
uses advanced Matterport features to extend the power of the
digital twin:
- The Matterport Measurement Mode tool allows teams to verify
dimensions on the fly and augment designs, if necessary.
- For American Disability Act (ADA) accessibility improvement
projects, Gilbane uses Measurement Mode to ensure the height of a
desk or countertop is compliant or a proper turning radius exist
onsite.
- The Matterport Notes tool, which includes integrated chat
functionality, allows Gilbane stakeholders to easily share design
features or ideas and expedite decision making.
- Mattertags are used post-capture to
provide Gilbane customers with powerful and intuitive features that
can visually highlight a building’s environment with links to
helpful documentation and procedures for post-construction
maintenance.
“Across the Architecture, Engineering and Construction (AEC)
industry, Matterport continues to raise the bar for efficiency and
productivity standards,” said Stephanie Lin, Sr. Director of
Strategy for AEC at Matterport. “With access to Matterport digital
twins, design and construction teams can remotely organize,
analyze, and store critical information about a site and become
better equipped to navigate every stage of a project. New builds
and renovations frequently operate on tight schedules and
turnaround times. From start to finish, Matterport delivers
reliable, visually rich data that makes virtual decision-making
possible and keeps project timelines on track.”
Read the case study about Gilbane Construction’s use of
Matterport here. Learn about Matterport for AEC here.
About MatterportMatterport, Inc. (Nasdaq: MTTR)
is leading the digital transformation of the built world. Our
groundbreaking spatial data platform turns buildings into data to
make nearly every space more valuable and accessible. Millions of
buildings in more than 177 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.
©2022 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.
Media Contact:Tim McDowdDirector,
Communicationspress@matterport.com +1 (650) 273-6999
Investor Contact: Soohwan Kim, CFAVP, Investor
Relationsir@matterport.com
Forward-Looking StatementsThis document contains certain
forward-looking statements within the meaning of the federal
securities laws, including statements regarding the benefits of the
business combination, the services offered by Matterport, Inc.
(“Matterport”) and the markets in which Matterport operates,
business strategies, debt levels, industry environment, potential
growth opportunities, the effects of regulations and 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 the expected benefits of Matterport’s
relationship with Gilbane Building Company, Matterport’s ability to
implement business plans, forecasts, and other expectations in the
industry in which Matterport competes, 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 described in documents filed by
Matterport 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 Matterport
assumes no obligation and, except as required by law, does not
intend to update or revise these forward-looking statements,
whether as a result of new information, future events, or
otherwise. Matterport does not give any assurance that it will
achieve its expectations.
Matterport (NASDAQ:MTTR)
Historical Stock Chart
From Aug 2024 to Sep 2024
Matterport (NASDAQ:MTTR)
Historical Stock Chart
From Sep 2023 to Sep 2024