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Matterport announced its strategic investment and partnership with SIMLAB

Matterport, the market leader in 3D capture and spatial data, announced its strategic investment and partnership with SIMLAB. This investment will enable SIMLAB to accelerate products feature development, as well as sales and marketing expansion into the U.S. and Asia. The objective is to co-develop products and features combining SIMLAB’s knowledge and expertise in property management, building information, and smart home IoT industries with Matterport’s digital twin platform.

“Through this collaboration, Matterport and SIMLAB will provide advanced digital tools for the global Matterport user community and property owners. Integration with home and building automation providers will deliver an engaging digital solution for the full lifecycle of the structure,” says Marek Kozlak, PhD Eng, CEO of SIMLAB. “Thanks to Matterport’s investment, SIMLAB plans to further develop a dedicated cloud platform to help property owners, rental agencies, insurance companies, and other stakeholders to understand the current status of their properties, schedule maintenance, and interact efficiently with the real-time IoT sensor data through the whole life cycle of the building”.

“Our partnership with SIMLAB further cements Matterport as the spatial data platform of choice for facility owners and the architecture, engineering and construction industry,” said RJ Pittman, Chief Executive Officer and Chairman of Matterport. “As a publicly traded company, we intend to further accelerate our growth by continuing to pursue strategic investments in partners like SIMLAB. Additionally, this is a clear example of our rapidly expanding developer ecosystem that aims to deliver best in-class industry solutions through a robust library of third-party add-ons and integrations from some of the most innovative companies spanning many important industries across the built world. Together with SIMLAB, we’re excited to accelerate innovation and bring new tools to the industry worldwide.”

Collaboration with a key technology partner opens new opportunities for the development of SIMLAB solutions for property owners and the improvement of communication with architecture, engineering and construction specialists. The parties plan to further develop the functionality and integrate it with other solutions currently available on the market.

„As SIMLAB expands, we are excited to build in support for the popular IoT systems all over the world,” said Karolina Drwiega-Waliczek, co-founder & COO of SIMLAB. „Matterport has been the perfect partner to work with to ensure we deliver the greatest value to our mutual customers globally via a cutting-edge experience usually not available to most property owners. Together we are using advanced technology to make property ownership more manageable, comprehensive, and most importantly more enjoyable.”

SIMLAB STAGES

SIMLAB STAGES product combines the proven power of Matterport’s spatial data platform with tools for any stakeholder to communicate within and across any captured phase of a facility. Successive scans can be viewed, annotated, and compared within SIMLAB STAGES by any user assigned the appropriate privileges.

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 spaces 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 Matterport Capture Services is a trademark of Matterport, Inc.  All other marks are the property of their respective owners.

About SIMLAB

SIMLAB is a technology company focused on facility digitalization. We develop software apps for home and building owners, to be used by operators and occupants of offices, factories, hospitals, hotels, and multi-family residential buildings.

SIMLAB apps turn personal living spaces and working environments into multimedia digital command centers, accessible by computer, tablet, and smartphone, empowering users with interactive and intelligent digital twins of their structures, leveraging a combination of 3D models of the facility, real-time data from sensors, and user-defined asset information. SIMLAB apps allow a way to track changes in a structure, supervise any construction, maintenance, or renovation progress as well as monitor facility aging, providing an easy and intuitive digital solution for the full life cycle of the building. Learn more at simlab.pl

©2021 SIMLAB, Inc. All rights reserved.

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, 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 SIMLAB, 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. 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.