Restoration contractors can realize 5x productivity gains in sketch time, increase accuracy of sketches by 33% and estimate losses 4x faster 

 

SUNNYVALE, Calif. — EMBARGOED UNTIL APRIL 8, 2021 at 6:30 am PST — Matterport, the spatial data company leading the digital transformation of the built world, today made TruePlan™ for Xactimate® available to its customers. A first-of-its-kind service, MatterportTruePlan eliminates the need for restoration contractors to manually sketch properties, accelerating the estimation process by 4x and shortening the insurance claims cycle. TruePlan generates accurate sketches of any space in one click, right from a Matterport 3D model already scanned by customers to visually document damage. According to a recent report from ATI Restoration, a Matterport 3D scan combined with TruePlan helped them realize 5x productivity gains in sketch time, increase accuracy of sketches by 33% and estimate losses 4x faster. 

 

“Matterport has quickly established itself as a leading platform for insurance and restoration. We’re taking another big step into these industries with TruePlan for Xactimate,” said Indy Sen, Vice President of Product Marketing at Matterport. “We’re not only helping companies save time and money estimating damage, but accelerating the time it takes for claims to be processed which ultimately helps people get back into their restored homes or offices faster.” 

 

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NEW YORK, April 9, 2021 — (PRNewswire) — Long Point Capital is pleased to announce it has sold its investment in Woolpert in connection with a new strategic investment by MSD Partners, who are partnering with the Woolpert management team. With its exit from Woolpert, Long Point Capital continues to establish its reputation as a premier partner to the management teams of professional services companies.   Financial terms of the transaction were not disclosed.

Founded in 1911, Woolpert is a leading global provider of architecture, engineering, and geospatial (AEG) services to a wide variety of public, private, and government clients. The Company has more than 1,100 dedicated employees at 42 offices and is headquartered in Dayton, Ohio.

Long Point made its investment in Woolpert in December 2017.  Since that time, in partnership with Long Point, Woolpert tripled its profits, completed six strategic add-on acquisitions, expanded into new geographic markets, and developed new lines of service, including strategic consulting and data-as-a-service.

"Long Point lived up to their reputation – they have been a great partner for me and my management team," said Scott Cattran, Woolpert President and CEO. "They became my trusted advisor. They provided the strategic and tactical advice that played a critical role in helping us achieve our growth plan. I could not have picked a better partner."

Ira Starr, Long Point...

BIGFORK, Mont. — (BUSINESS WIRE) — April 7, 2021 — Today, uAvionix, the leader in communications, navigation, and surveillance (CNS) solutions for Unmanned Aircraft Systems (UAS), announced ping200X^[1], its flagship Mode S ADS-B OUT Transponder for UAS, has received Technical Standard Order (TSO) certification from the FAA. ping200X is the pinnacle of years of evolution and investment in groundbreaking, low-Size, Weight, and Power (SWaP) avionics developed by uAvionix – certified for use on civil and defense manned and unmanned aircraft.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210407006039/en/^[2]

Titan Delivers Affordability in Force Design to Customers Around the World

SAN DIEGO — (BUSINESS WIRE) — April 8, 2021 — With anticipated cuts in Force size, the Pentagon must optimize investments in technology to avoid compromising national security and troop safety. To meet these operational needs, Citadel Defense has integrated CUAS training into their latest software update now available to over 300 fielded systems. Citadel’s software provides guidance and increased situational awareness, helping operators make more informed decisions. Titan reduces an operator’s cognitive load autonomously, transparently, and safely, freeing them to focus on the mission.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210408005105/en/^[1]

DENVER, CO, April 8, 2021 — (PRNewswire) —Intermap Technologies (TSX:IMP^[1]) (OTCQX:ITMSF^[2]) ("Intermap" or the "Company"), a global leader in geospatial intelligence solutions, today announced that North American insurance monthly recurring revenue (MRR) has grown by 10% since the end of 2020. The growth is fueled by strong renewals, including key InsitePro® clients renewing subscriptions at higher rates.

InsitePro is a SaaS package that delivers property-specific risk analytics for underwriting flood insurance anywhere in the U.S. and Canada, using Intermap's proprietary, global, 3D elevation data. One of the recent renewals is California Flood Insurance Services in San Diego. "Intermap is a valued partner in our operation," said Aaron Farmer, President of California Flood Insurance Services. "We love InsitePro because it's simple to use, and their API platform is seamless with our cloud rating service. Plus, they are always there if we need them."

The U.S. flood market is one of the largest untapped sources of new premium for insurers, with over $5 billion in unwritten premium available. InsitePro helps insurers move into flood insurance profitably while enabling effective risk diversification.

In addition to flood, InsitePro supports wildfire underwriting. Intermap is partnering with Anchor Point to deliver the National Hazard and Risk Model (No-HARM) wildfire model for the United States. No-HARM model is...

Insight 1600 Capability Enables AV Systems to Detect Small Movements Even at Distance

LAFAYETTE, Colo. — (BUSINESS WIRE) — April 7, 2021 — Autonomous Vehicle (AV) technology company Insight LiDAR ( www.insightlidar.com^[1]) today announced that its product, Insight 1600, is the first LiDAR with the combined high resolution and velocity detection to enable pedestrian gesture recognition. The new capability -- demonstrated here^[2] -- can be used by AV perception teams to quickly and accurately predict the actions of pedestrians.

Vice President of Business Development Greg Smolka explains, “When humans drive, we’re constantly scanning the environment around us. We’re watching for cars moving into our lane and looking at nearby pedestrians to see what they might do. For example, if a pedestrian looks both ways at an intersection, drivers understand that that person intends to cross the street.”

According to Insight LiDAR Vice President Chris Wood, detecting these subtle pedestrian movements that convey intent is an important safety capability that has eluded AV developers until now.

“When we initially designed Insight 1600, we expected its ultra-high resolution and instantaneous low velocity detection with every pixel to be critical in making vehicle decisions, especially regarding...