January 24, 2019

Renoworks FastTrack Powered by Geomni Makes Manufacturers’ Websites a One-Stop Shop for Design, Visualization, and Accurate Measurement

Renoworks FastTrack Press Release Logo

Renoworks FastTrack Powered by Geomni Makes Manufacturers’ Websites a One-Stop Shop for Design, Visualization, and Accurate Measurement

FastTrack aims to help manufacturers sell more building products by giving contractors and homeowners a tool to design, visualize, and measure their projects from start to finish

CALGARY, ALBERTA, January 22, 2019 — Renoworks Software Inc. (TSXV:RW) (“Renoworks”) announces the launch of Renoworks FastTrack, an all-in-one platform that provides design, true-to-life and 3D visualizations, and accurate measurements for the home construction and remodeling industry. Renoworks FastTrack, powered by Geomni, aims to streamline the lengthy home renovation process by reducing time-consuming home visits and helping contractors measure projects accurately and estimate quickly. Geomni is a Verisk (Nasdaq:VRSK) business.

A Faster Track to Project Readiness

Requiring only an address, FastTrack leverages Renoworks’ home visualization software and Geomni’s aerial imagery and measurement technology to provide true-to-life visualization, interactive 3D models, and accurate measurements to users without the need to physically take photographs or measurements of a home.

“Renoworks visualizers were among the first tools that manufacturers included on their websites to provide digital interactive product experiences to homeowners and contractors,” said Doug Vickerson, CEO of Renoworks. “FastTrack takes building product interaction to the next level by empowering contractors and homeowners to measure projects with the manufacturer’s products, in addition to visualizing what the home will look like when it’s complete.”

“The remodeling value chain, from the homeowner’s initial decision to renovate to the completion of the project, has historically been lengthy and high-touch,” said John Long, VP of Business Strategy for Geomni. “Renoworks FastTrack, powered by Geomni, vastly simplifies the renovation process so contractors can spend less time traveling, designing, measuring, and estimating and more time winning jobs and completing projects. We look forward to bringing this solution online and integrating FastTrack across our Geomni solutions.”

Roofing Manufacturers and Roofers

Initially, FastTrack will launch specifically for roofing manufacturers, with active plans to include additional industry categories (for example, siding, doors, windows) in the first half of 2019.

Roofing manufacturers will be able to provide accurate roofing measurements that include roof squares, area, slope, and other property information to their roofing and contractor customers, along with state-of-the-art 3D visualizations to help estimate and win jobs faster.

Renoworks FastTrack Beta Program

With the addition of launching FastTrack for roofing manufacturers, Renoworks is also launching the Renoworks FastTrack Beta Program, granting access to the pilot to non-roofing manufacturers and material suppliers so they can test the new platform while providing feedback to shape the experience to their needs.

“Renoworks has always worked closely with its community of manufacturer clients to best understand their business needs and deliver quality experiences that benefit them and their customers,” said Doug Vickerson. “With the FastTrack Beta Program, our ability to ensure that together we create an industry platform best suited for them will become reality.”

Manufacturers interested in joining the FastTrack Beta Program can visit http:// try.renoworks.com/FastTrack to apply.

About Geomni

Geomni, a Verisk (Nasdaq:VRSK) business, is centered around an address- and location-based database of property-related analytics. Using the latest remote sensing and machine learning technologies, Geomni captures, stores, processes, and delivers aerial imagery and property data for residential and commercial structures. Geomni’s property analytics database supports a number of critical tools that protect people, property, and financial assets. Learn more at www.geomni.net.

About Renoworks

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 true-to-life 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 API (Application Programming Interface). For more information, visit: www.renoworks.com and www.renoworkspro.com.

For further information on Geomni, please contact:

Doug Jentzsch, Director of Marketing
Phone: 801-932-8327
E-mail: djentzsch@verisk.com

For further information on Renoworks, please contact:

Doug Vickerson, CEO
Phone: 403-296-3880
E-mail: doug.vickerson@renoworks.com

Renoworks Software Inc.
2721 Hopewell Place NE
Calgary, Alberta, Canada T1Y 7J7

For investor information for Renoworks, please contact:

Rob Gamley
Phone: 604-689-7422
E-mail: rob@contactfinancial.com

Contact Financial Corp.
Suite 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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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By |2019-01-28T17:08:05+00:00January 24th, 2019|Investor News, Press Releases|

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