Matterport, Inc. (Nasdaq: MTTR), the leading spatial data company
driving the digital transformation of the built world, today
announced a technology partnership with CGS, a global provider of
applications, enterprise learning, and outsourcing services, to
integrate Matterport digital twins in mixed reality environments to
deliver augmented and virtual reality training and support
solutions for front-line workers. The companies will collaborate to
deliver breakthrough corporate training solutions using a
completely digital approach powered by CGS’s TeamworkAR training
solution and Matterport digital twins. The combined offering will
enable large enterprises to train workforces remotely using an
exact digital replica of the work environment in immersive 3D. The
precision of the virtual experience allows companies to accelerate
training procedures, improve the quality of training, while
reducing travel and on-premise training costs.
CGS is an award-winning provider of custom learning and
development solutions for dozens of Fortune 500 companies,
including McDonald’s, Microsoft, Comcast, Toshiba, Medtronic and
Maersk, and is also part of Meta’s exclusive Quest for Business
(ISV) Program. The CGS TeamworkAR platform brings real-time digital
transformation to onboarding, on-the-job training, learning and
support for any company, anywhere. TeamworkAR uses Matterport and
its SDKs and API to integrate and create custom content for its
customers through AR and enables remote collaboration and virtual
assistance for workers across skill levels. The solution helps move
a workforce from a virtual training environment to a physical
workplace in days rather than weeks or months, increasing
productivity and allows their customers to reduce the costs of
training-related travel.
“Matterport is the gold standard for digitizing buildings and
facilities in the physical world, and today our customers are
experiencing the value of their digital twins to train workers and
support customers remotely,” said Doug Stephen, President,
Enterprise Learning at CGS. “TeamworkAR together with Matterport
digital twins enable customers to create more effective and
efficient training that minimizes frontline worker downtime and
increases capacity. This solution supports our customers in their
digital transformation journey, which is now more critical than
ever during a global workforce shortage.”
Matterport’s market-leading spatial data platform transforms any
physical space into a dimensionally accurate and photorealistic
digital twin, providing customers with unparalleled data insights
needed to manage spaces more effectively. More than 100,000
businesses use the Matterport Digital Twin Platform to support
their digital transformation initiatives. The company’s cloud
solution for the enterprise provides the scalable, highly secure,
collaboration and data management platform these customers
require.
“Enabling virtual training and remote project management is a
natural extension of the power of our digital twins which are
changing the way companies operate,” said Conway Chen, Vice
President of Business Development and Alliances at Matterport.
“Today, enterprise-level organizations use Matterport digital twins
to create virtual experiences that are critical to the success of
their operations while taking time and cost out of the equation.
Our collaboration with CGS and TeamworkAR will transform the way
organizations train, manage, and operate the day they begin using
it.”
Register for the CGS webinar on Enterprise Mixed Reality on June
16, 2022 at 2pm EST that will highlight the partnership between
Matterport and TeamworkAR. To learn more about Matterport for
enterprise or connect with our sales team, visit
matterport.com/enterprise.
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 visit our Discover page to browse a collection
of digital twins captured by our customers.
©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.
About CGSFor nearly 40 years, CGS has enabled
global enterprises, regional companies, and government agencies to
drive breakthrough performance through business applications,
enterprise learning and outsourcing services. CGS is wholly focused
on creating comprehensive solutions that meet clients' complex,
multi-dimensional needs, and support clients' most fundamental
business activities. Headquartered in New York City, CGS has
offices across North America, South America, Europe, the Middle
East, and Asia. TeamworkAR, Inc. is a wholly-owned subsidiary of
Computer Generated Solutions Canada Ltd. For more information,
please visit www.cgsinc.com and follow us on Twitter at @CGSinc and
@LearningCGS and on LinkedIn.
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
partnership with CGS, 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.
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