Matterport, Inc., the leading spatial data company driving the
digital transformation of the built world that has entered into a
definitive agreement for a business combination with Gores Holdings
VI (NASDAQ: GHVI, GHVIU, and GHVIW), has been adopted by
FocalAgent, the UK’s largest supplier of professional photography
and visual content for the country’s real estate industry, to
create and supply Matterport 3D experiences to all their real
estate clients. Focal Agent supplies a suite of digital marketing
products to the largest UK estate agents, who are selling
properties faster and at up to 15% higher sales price.
“As the UK property
market continues to rebound from the pandemic, demand for
transparent and frictionless real estate experiences is growing.
Matterport 3D listings have rapidly emerged as the preferred tool
for viewing and showcasing real estate due to their accuracy and
accessibility,” said Lee Wainwright, chief executive at FocalAgent.
“Powered by FocalAgent and Matterport’s advanced AI, the Matterport
platform captures and creates digital twins of properties quickly
and accurately. This enables us to automatically produce an
immersive data-rich 3D experience, which has been a really powerful
listings tool for agents,” he added.
Using Matterport’s
advanced, user-friendly technology, FocalAgent is significantly
changing the home-buying experience for thousands of homebuyers and
sellers. FocalAgent is saving time and money for its clients, who
list properties for sale and rent on the UK's leading property
portals, including Zoopla, Rightmove and OnTheMarket. 3D listings
are proven to improve engagement and customer experience by
enabling buyers to explore and evaluate properties remotely. This
has saved agents time and money as well as reducing their carbon
footprint through reduced travel, increased operational efficiency,
and has also helped them win new listings. Using Matterport as well
as FocalAgent’s Pro Photos, Floorplans and Videos, one of
FocalAgent’s estate agent customers reported a 15% sales uplift,
greater efficiency, and shorter time on market for property
sales.
FocalAgent is also using
Matterport products to deliver customisation to clients in order to
drive further engagement and help estate agents win new listings.
For example, FocalAgent is using Matterport’s Blur Tool, which
twinned with Focal Agent’s new GDPR Find & Fix product helps
automate the privacy of the customer for a more robust compliance
within the EU’s GDPR data protection law and to minimise
GDPR-related risks to agents. Additionally, FocalAgent is
integrating Matterport’s SDK, which enables spaces to be more
interactive, including with personalised agent branding, virtual
staging, and menus of spaces.
James Morris Manuel,
Managing Director EMEA at Matterport, commented: “A number of the
UK’s largest real estate agencies work with FocalAgent due to its
innovative approaches to helping agencies win market share. It is
our ambition to be included across all property listings as
industry standard. UK estate agents are constantly seeking ways to
differentiate themselves and leveraging quality 3D digital twins to
power their listings gives them an edge. Matterport is working with
FocalAgent to help their customers gain market share, win more
listings and help sell more properties.”
About
FocalAgentFocalAgent is the UK’s leading visual content
partner for estate agents, transforming the way people buy and sell
property. Driving new instructions and sales, FocalAgent provides
estate agents with guided virtual viewing technology through its
innovative FocalViewing platform with Matterport, game-changing
professional photography and floorplans, photo enhancement and
video trailers. FocalAgent’s partners are 40% more likely to sell,
21 days faster, at 2% closer to the asking price. Visit
www.focalagent.com. For media enquiries: Sarah Lawrence at
sarah@lawrencepr.co.uk / 07984 422 461
About
MatterportMatterport 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 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.
Matterport Media Contact:Naomi LittleGlobal Communications
Managerpress@matterport.com+44 203 874 6664
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 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).
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