October 4, 2023

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Renoworks Launches Subsequent Technology AI Picture Recognition and Visualization Expertise

Renoworks Launches Subsequent Technology AI Picture Recognition and Visualization Expertise

Renoworks AI Gen 2 improves supply of residence visualization buyer experiences for enterprise prospects and householders

CALGARY, AB, Feb. 6, 2023 /CNW/ Renoworks Software program Inc. (TSXV: RW) (“Renoworks”), an business chief in visualization and lead technology expertise for the house renovation and new building sector, proclaims the launch of its subsequent technology synthetic intelligence (AI) picture recognition and visualization expertise – Renoworks AI Gen 2. AI Gen 2 is quicker, extra correct and extra scalable, which ought to result in higher outcomes for all stakeholders using the Renoworks platform.

Renoworks AI Gen 2 harnesses a brand new state-of-the-art mannequin to acknowledge exteriors and object edges with improved high quality as much as 30% higher than earlier fashions. This superior AI mannequin reduces processing instances from a median 45 seconds to 10-15 seconds, an effectivity enchancment of 3x to 4.5x. The numerous enchancment in pace ought to reduce churn of high-quality leads away from the platform, ensuing in the end in additional profitable transactions for all Renoworks companions and prospects. 

Renoworks AI Gen 2 is very scalable and may deal with as much as 15x the variety of initiatives than the present course of, that means Renoworks will have the ability to accommodate development and utilization throughout its shopper community at decreased value.

The brand new expertise additionally consists of higher detection of obstructions, equivalent to bushes and foliage, which signifies that householders not want to border the very best picture for Renoworks AI Gen 2 to generate a superbly ready shot for residence visualization. As well as, the brand new mannequin brings potential coaching prices down by 50-75% than the legacy resolution for higher value effectivity for Renoworks.

“The launch of Renoworks AI Gen 2 is a serious milestone for our Firm, because it not solely enhances the client expertise but in addition aids our shoppers in remaining aggressive within the residence enchancment market,” stated Doug Vickerson, CEO of Renoworks Software program. “Our funding in AI/ML and information science over the previous a number of years has positioned us to proceed strengthening our business management and will probably be a important piece in our worth chain technique.”

Mr. Vickerson continues, “With this new mannequin, Renoworks might develop probably past exteriors sooner or later, create alternatives for partnerships with different expertise corporations and invent new use circumstances to higher the house enchancment business.”

Renoworks AI Gen 2 is on the market as a free improve completely for purchasers using the most recent model of the Renoworks visualization platform, and a paid improve for earlier platform model customers.

About Renoworks

Renoworks Software program Inc. develops and sells distinctive digital visualization software program and integration options for the transforming and new residence building business. Renoworks delivers its expertise to producers, contractors, builders, and retailers providing options to one of many residence enchancment business’s biggest challenges: enabling householders to evaluate their product alternatives in a hyper-realistic, digital atmosphere earlier than committing to purchases and building. Renoworks markets its applied sciences as an revolutionary engagement, gross sales, and advertising and marketing platform and generates revenues from 5 predominant enterprise traces: Renoworks Enterprise, Renoworks PRO, Renoworks Design Companies, Renoworks FastTrack, and Renoworks API (Software Programming Interface). For extra data, go to www.renoworks.com and www.renoworkspro.com.

Ahead-Trying Data

Sure statements on this information launch, apart from statements of historic truth, are forward-looking data that contain varied dangers and uncertainties. Such statements referring to, amongst different issues, the prospects for the Firm to reinforce working outcomes, are essentially topic to dangers and uncertainties, a few of that are vital in scope and nature. These uncertainties could trigger precise outcomes to vary from the knowledge contained herein. There will be no assurance that such statements will show to be correct. Precise outcomes and future occasions might differ materially from these anticipated in such statements. These and all subsequent written and oral forward-looking statements are primarily based on the estimates and opinions of the administration on the dates they’re made and expressly certified of their entirety by this discover. The Firm assumes no obligation to replace forward-looking statements ought to circumstances or administration’s estimates or opinions change.

The TSX Enterprise Change doesn’t settle for accountability for the adequacy or accuracy of this launch.

SOURCE RenoWorks Software program Inc.

Renoworks Launches Subsequent Technology AI Picture Recognition and Visualization Expertise

For additional data: Doug Vickerson, CEO, Telephone: 403-296-3880, E-mail: [email protected]; Renoworks Software program Inc., 2721 Hopewell Place NE, Calgary, Alberta, Canada T1Y 7J7; For investor data for Renoworks, please contact: Sean Peasgood, IR, Telephone: (647) 670-2366, E-mail: [email protected]