Urbanimmersive and FastOffice Announce Strategic Partnership
LAVAL, Quebec, May 6, 2020 - Urbanimmersive Inc. (“Urbanimmersive,” the “Company” or “UI”) (TSX VENTURE: UI) (OTC PINK: UBMRF) today announced a strategic partnership with FastOffice, a commercial real estate technology company providing a 3D data visualization platform for marketing and managing commercial real estate office space.
FastOffice has been gaining significant traction in the commercial real estate market with a low cost and fast solution that accelerates decision making for brokers, tenants, landlords and property managers. Founded in 2019, FastOffice was one of 10 companies selected globally to complete the 2019 Colliers Proptech Accelerator Program and was the recipient of an investment by Colliers International, the 3rd largest commercial real estate company in the world.
Urbanimmersive’s partnership will provide FastOffice with access to its network of photographers in North America as well as to 3D tour cameras through Urbanimmersive’s subsidiary, Immersolution. This will enable FastOffice to enhance its 3D visualization capabilities and offering with photo-based 3D Tours and Single Property Websites. Over time, the two companies plan to further integrate their technologies to deliver a first-class, highly innovative final product to FastOffice clients.
“Urbanimmersive is the final stages of transitioning from a beta phase of our 3D Pocket Website and enhanced 3D Tours to a full production/sales cycle phase, and the timing of our new partnership with FastOffice could not be better,” stated Ghislain Lemire, CEO of Urbanimmersive. “We have been focusing incredibly hard on our technologies and ensuring we are ready to significantly scale them, and we are there. Moreover, we have always believed that while residential real estate will be at the core of what we do, our technologies can apply to many different industries and verticals. Our partnership with FastOffice is a first meaningful natural application of our technologies outside the world of residential real estate. We are excited to work with the FastOffice team, to immediately begin delivering upon this exciting partnership.”
Casey Myhre, co-founder and COO of FastOffice, stated “The core purpose of FastOffice has always been to use visualization to facilitate understanding and therefore, decision-making, in all aspects of commercial real estate. Whether it is marketing, leasing due diligence or - critically today - configuring safer offices for people returning to the workplace, people need to experience a space in 3D, on their terms, not through hard-to-read plans. This is even more true today, at a time when people can’t visit sites in person. Integrating Urbanimmersive’s images into our 3D plans and virtual tours enhances people’s understanding of a space even further, while helping us maintain the simplicity and speed of our platform.”
The partnership has already commenced and both companies look forward to it accelerating in the weeks ahead, helping FastOffice deliver a superior product to its clients.
Urbanimmersive is a leading SaaS business management solution providing mission critical solutions to visual content providers serving the real estate residential, commercial, construction and local businesses markets. The Urbanimmersive platform helps customers increase their operational productivity while helping in delivering the full potential of visual content creations through leading-edge websites builder tool, AI-backed image indexing, robust file transfer systems and interactive visual technology solutions. Urbanimmersive’s core technology is a 3D emulator powered by a visual content recognition post-production algorithm that delivers online and offline cost-effective alternatives to traditional 3D engines for the creation of immersive digital environments. The 3D emulator enables to quickly create immersive environments of small existing and future spaces like houses to extremely large environments like stadiums, to which clients can interpolate multiple layers of interactive and contextualized set of data for many purposes such as for online marketing, building asset management and offsite training and inspection. The Company offers its advanced features on a pay-per-use transactional business model and licenses its immersive technology in other market segments. Learn more at urbanimmersive.com.
Founded in 2019, FastOffice is a Commercial Real Estate technology company, providing 3D data visualization tools for marketing and managing real estate assets. Brokers, tenants, landlords and property managers use the 3D visualizations and virtual tours developed within FastOffice to collaborate on marketing, leasing due diligence and ongoing management of tenant and operational needs. The FastOffice visualizations are produced rapidly and at low cost, and are uniquely editable in real time, enabling evidence-based decision making on the fly. The FastOffice platform also includes dynamic costing estimates, a vast catalog of furniture suppliers, financing options and more. The company recently completed the 2019 Colliers Proptech Accelerator powered by TechStars, following the Summer 2019 launch of the platform. The FastOffice software is now available to leasing teams across North America and globally. To learn more, visit www.fastoffice.com and follow them on LinkedIn.
Caution of Forward-Looking Statements
Certain statements in this news release, other than statements of historical fact, are forward-looking information that involves various risks and uncertainties. Such statements relating to, among other things, the prospects for the company to enhance operating results, are necessarily subject to risks and uncertainties, some of which are significant in scope and nature. These uncertainties may cause actual results to differ from information contained herein. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of the management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management estimates or opinions change.
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