Matterport, Inc. (Nasdaq: MTTR), the leading spatial data company
driving the digital transformation of the built world, today
announced a partnership with Burns & McDonnell, an engineering,
construction and architecture firm providing services for critical
infrastructure companies. Through the partnership, Burns &
McDonnell customers can use the Matterport Digital Twin Platform,
including software services and hardware, to optimize construction
expansion and maintenance projects. The collaboration equips
businesses in the energy, utilities, and manufacturing industries
with a continuous digital, visual documentation solution that
improves operations, enhances collaboration, and increases safety
in each project stage.
“From a project’s design to construction phase, Matterport
digital twins unlock unparalleled efficiencies across our customer
projects,” said Teddy Menke, Product Manager of Burns &
McDonnell. “With access to Matterport’s hardware to capture digital
twins and spatial data, our entire customer ecosystem can optimize
the documentation process, collaborate more efficiently, and
improve worksite safety across all project stages. Recently, Burns
& McDonnell won the UTC IMPACT award for our innovative
approach, where we showcased how we successfully leveraged the
Matterport platform to execute a multi-year, multi-state effort to
replace a telecom network for Southern Company, a leading US-based
energy company.”
The partnership with Burns & McDonnell enables our joint
customers to seamlessly access and manage 3D digital twins of their
facilities, complete with 4K imagery and accurate measurements to
help develop construction plans. Using digital twins helps clients
eliminate the time spent manually measuring a facility, reduces the
time it takes to document existing facilities, and helps avoid
facility interruptions so design work continues while a facility
operates. With Matterport, Burns & McDonnell provides digital
twin management and solutions that have helped its customer base,
including Central Lincoln People’s Utility District (CLPUD), an
electric utility company based in Oregon that services roughly
55,000 customers. Since leveraging the Matterport platform starting
in 2018, CLPUD has seen success in decreasing costly employee
travel, increasing collaboration across teams while eliminating the
need for over 250 expensive repeat site visits to 45 different
facilities, allowing them to complete their projects under budget
and on time.
During each project phase, Burns & McDonnell customers can
update and share digital twins in real time, enabling more
efficient reviews and project approvals across contractors,
installers, and the end customer. Customers can also use digital
twins to digitally inspect potentially hazardous locations, such as
manholes, rather than having to physically enter those spaces.
Additionally, Burns & McDonnell will assist customers with the
capture of digital twins in restricted critical infrastructure
facilities that require safety and security clearance. Aside from
Central Lincoln People’s Utility District, other customers reported
the Matterport platform has shortened project schedules by an
average of 30 percent and for one customer, eliminated travel to
facilities by nearly 80 percent.
“Across the Architecture, Engineering, and Construction
industry, Matterport’s reliable, visually rich 3D data continues to
help large, enterprise customers work more efficiently and drive
down costs,” said Stephanie Lin, Sr. Director of Strategy for the
Architecture, Engineering, and Construction industry at Matterport.
“With access to Matterport digital twins, customers can collaborate
remotely, in real time, on large, complex projects with many moving
pieces and stakeholders. We’re thrilled to collaborate with Burns
& McDonnell to expand the ease plus adoption of digital twins
for their entire client ecosystem.”
To learn more about Matterport for the AEC industry, visit
matterpot.com/aec, read the full CLPUD case study, or visit the
Burns & McDonnell Matterport web page.
About Matterport
Matterport, 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.
Media Contact:press@matterport.com
Investor Contact: Soohwan Kim, CFAVP, Investor
Relationsir@matterport.com
Forward-Looking Statements
This 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 Burns & McDonnell, 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.
A video accompanying this announcement is available
at: https://www.globenewswire.com/NewsRoom/AttachmentNg/74ae4a6b-e291-41ea-9e2f-e4d86e3af6e7
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