Mr. Doug Vickerson reports

RENOWORKS LAUNCHES RENOWORKS.AI

Renoworks Software Inc. has launched Renoworks.ai, the company's next-generation AI (artificial intelligence) native platform designed to transform how building product manufacturers, distributors, retailers and contractors engage and monetize homeowners throughout the remodelling journey.

Renoworks.ai represents a significant evolution of the company's technology platform, combining next-generation generative AI with Renoworks' extensive building product data, visualization expertise, homeowner engagement tools, analytics and lead-generation capabilities. These new capabilities provide greater design realism, stronger product accuracy and more effective homeowner engagement, all of which improve engagement with customers and increase close rates. Renoworks has been working with all stakeholders and these new features are what customers and partners have been asking for.

The new platform produces highly photorealistic remodelling designs while maintaining an important distinction from general-purpose generative AI tools: Designs are connected to actual building products, colours and product configurations offered by Renoworks customers. Rather than simply generating an inspirational image, Renoworks.ai is designed to connect homeowner inspiration with real products and ultimately with the companies that manufacture, distribute and install them.

Renoworks currently serves more than 200 enterprise customers in the North American building products industry across numerous building product categories and facilitates millions of annual product interactions between homeowners and building product brands. Existing Renoworks customers can migrate their product libraries to Renoworks.ai while maintaining their current integrations and continuing to operate Renoworks Classic during the transition. The company expects customer migrations to occur progressively rather than through a single platform-wide conversion.

Renoworks has spent more than two decades digitizing building products and working with leading manufacturers across the remodelling industry. Renoworks.ai builds upon that foundation by evolving traditional product libraries into a product intelligence platform designed to create a structured, continuously manageable source of product information for AI-powered applications. Product intelligence also creates the potential to expand Renoworks' relationship with customers beyond individual visualization applications. By establishing a centralized product intelligence layer that can support multiple digital experiences, Renoworks believes it can become more deeply integrated into how building product manufacturers manage and activate their product information across the remodelling ecosystem.

"Renoworks.ai represents the largest step change in our platform since the company entered the visualization market," said Doug Vickerson, chief executive officer of Renoworks. "Generative AI has fundamentally changed what is possible in home design. We believe the larger opportunity, however, is not simply creating a better image. It is connecting that experience to real products, homeowner intent, data and ultimately the transaction, resulting in greater value across the entire home design experience. In addition, we expect this new product to drive higher homeowner engagement, resulting in continuous improvement in our domain knowledge of homeowner purchase behaviour and intent, which will further improve our value to building product manufacturers, distributors, retailers and contractors by driving higher close rates."

Renoworks.ai is being introduced progressively to existing and new enterprise customers. The company will continue expanding the platform's capabilities as part of its broader strategy to provide an integrated AI-powered technology platform for the remodelling and building products industry. The company believes Renoworks.ai creates additional opportunities to expand recurring revenue by increasing platform adoption, enabling customers to deploy Renoworks technology more broadly across brands and product categories, and introducing additional AI-powered capabilities over time.

About Renoworks Software Inc.

Renoworks Software develops and sells AI-powered visualization, design, data and lead-generation solutions for the remodelling and new home construction industry. The company serves building product manufacturers, distributors, retailers and contractors, helping connect homeowner inspiration and product selection with real-world building products and remodelling projects.

Renoworks generates revenue primarily through its Enterprise and Pro solutions. Renoworks Enterprise provides manufacturers, distributors and retailers with digital visualization, product intelligence, homeowner engagement, analytics and lead-generation capabilities, while Renoworks Pro provides contractors and remodellers with digital design and sales tools to help engage homeowners and convert remodelling opportunities.

About Renoworks.ai

From visualization to an AI-powered remodelling platform. Renoworks.ai has been rebuilt around a modern AI architecture and user experience designed to make remodelling visualization faster, more realistic and easier for homeowners to use.

Key capabilities of the new platform include:

• AI photorealistic design -- next-generation AI generates realistic representations of remodelled homes incorporating natural lighting, shadows, depth and architectural details;
• Real manufacturer products -- designs are connected to actual products, colours and configurations from participating manufacturers rather than AI-generated approximations;
• Modern AI user experience -- a redesigned interface allows homeowners to explore products and design alternatives through an intuitive, interactive experience;
• Product intelligence platform -- Renoworks.ai moves beyond traditional product library management toward a structured product intelligence layer that connects manufacturer product data, imagery, colours, attributes and configurations to AI-powered applications; this provides manufacturers with a centralized foundation for maintaining accurate digital product information while enabling that information to power visualization, homeowner engagement and other applications across the remodelling journey;
• Lead generation and analytics -- increased homeowner engagement and activity can be captured and transformed into actionable data, providing customers with greater insight into product interest and purchase intent;
• Enterprise integration -- existing integrations, product libraries and enterprise workflows can transition to Renoworks.ai while customers continue operating their existing Renoworks environments;
• Enterprise management tools -- customers can manage users, permissions and access while gaining greater visibility into homeowner and contractor activity across their organizations.