Renoworks expands digital platform by connecting to manufacturer pricing engines for quotes
CALGARY, ALBERTA, March 21, 2018 – Renoworks Software Inc. (TSXV: RW) (“Renoworks” or the “Company”), the leading visualizer for the home remodeling and construction industry, is announcing expansion of its digital platform with further integration with manufacturer pricing engines.
In the remodeling industry, the value chain consisting of budgeting, designing, measuring, quoting and contracting a remodeler remains a lengthy and inefficient process for homeowners.
Renoworks is moving closer to bridging gaps in the value chain by delivering technological solutions that enable its customers to build frictionless experiences for their consumers from a remodel project’s start to finish. Pricing integration with Renoworks creates direct and seamless transition between design, measuring and quoting stages for end users.
“This is a significant advancement for Renoworks and further demonstrates the innovation we are achieving with our platform,” stated Doug Vickerson, CEO of Renoworks. “Importantly, innovative integrations of our visualization technologies, with manufacturer pricing systems as an example, enhances remodelers’ abilities to create quotes for homeowners. Helping with the quoting process is just one of many strategies to develop the growing interest from other manufacturers, remodelers and dealers as we continue to add value to the industry.”
“It is an exciting time for our Company given the current transformation in the industry around the entire remodeling process from project inception to completion,” added Mr. Vickerson. “The remodeling process can be overwhelming for homeowners, filled with layers of choices about product and color at the design stage. Renoworks is occupying an essential area of the remodel value chain, namely visualization at the project’s design stage, and by integrating with the quoting process we can re-focus the conversation back on to Renoworks and our digital design platform.“
The Company continues to work with manufacturers across all building product categories to bring visual solutions to the market and expand its product offerings. By utilizing the Company’s digital visualization platform, manufacturers of exterior and interior building products can benefit from increased engagement on company or partner websites, an increased number of homeowner leads, a better understanding of specific homeowner interests, and a rich aggregation of buyer behavior data they receive using the Renoworks platform.
Renoworks Software Inc. develops and sells unique digital visualization software and integration solutions for the remodeling and new home construction industry. Renoworks delivers its technology to manufacturers, contractors, builders and retailers offering solutions to one of the home improvement industry’s greatest challenges: enabling homeowners to review their product selections in a hyper realistic, virtual environment before committing to purchases and construction. Renoworks markets its technologies as innovative engagement tools and generates revenues from four main business lines: Renoworks Enterprise, Renoworks PRO, Renoworks Design Services and Renoworks SDK (Software Development Kit). For more information, visit: www.renoworks.com and www.renoworkspro.com.
For further information please contact:
Doug Vickerson, CEO
Renoworks Software Inc.
2721 Hopewell Place NE
Calgary, Alberta, Canada T1Y 7J7
For investor information for Renoworks please contact:
Contact Financial Corp.
810 – 609 Granville St.
Vancouver, BC, Canada V7Y 1G5
Forward Looking Information
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’s estimates or opinions change.
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