Urbanimmersive to Launch Photo Editing Services With Machine Learning Integration
June 20 2019 - 9:52AM
Urbanimmersive Inc. (“Urbanimmersive,” the “Company” or “UI”) (TSX
VENTURE: UI) (OTC PINK: UBMRF), the leading real estate content
marketing platform, is pleased to announce the addition of a new
photo-editing services within its business solutions for real
estate photographers.
Based on a recent national survey conducted by
Urbanimmersive, the biggest challenges of full -time real estate
photographers are to be more productive. In order to increase their
productivity and work-life balance, more and more photographers are
turning to external services to make post-production editing tasks.
Usual market costs for outsourcing photo edition services range
from $0.50 to $3.00 per image depending on the work to be done.
With more than 10 million images a year transiting on the
Urbanimmersive platform, photo-editing service represents an
immediate business opportunity.
“All of our market indicators tend to show that
post-production photo-editing services are in high-demand and are
rapidly growing. This trend has just been confirmed very recently
with a French photo-editing start-up raising $230 millions in
funding” stated Ghislain Lemire, President and CEO of
Urbanimmersive. “Visual content photo-edition service is part of
Urbanimmersive’s DNA. Back in 2013, Urbanimmersive was running a
computer-generated imagery service department, a business we
spun-off in 2015 to concentrate on real estate photography
solutions. With now having the largest network of independent real
estate photographers in North America, putting in place a
photo-editing service for them is a natural fit and takes us back
to our original roots. It is also aligned with our product-synergy
phases we are now starting to roll out following our successful
operational-synergy execution of our recent US-based acquisition,
Tourbuzz”, stated Ghislain Lemire, President and CEO of
Urbanimmersive.
Photo-editing service is currently provided by
Urbanimmersive to a limited number of photographers until full
deployment of the solution.
Artificial Intelligence (‘AI’) Machine
Learning Integration
The recent acquisition of Tourbuzz has provided
Urbanimmersive development team with access to machine learning
image naming automation intellectual propriety which is already in
production within the Company business solution.
“Machine learning artificial intelligence is
already providing Urbanimmersive an edge on the market providing
photographers with an automated image naming feature, thus
increasing their productivity. Applying our AI knowhow to our
new photo-edition services makes a lot of sense as we truly believe
AI will continue to add value to our propositions while cutting
down cost of related services. With regards to the photo-edition,
the process will teach the machine learning to recognize what has
to be done on images and which tasks have to be performed. Going
forward, the engineering teams envision the possibilities of an
automated photo-edition task.”, stated Ghislain Lemire, President
and CEO of Urbanimmersive.
High Dynamic Range Imagery in
Implementation
HDR (‘High Dynamic Range Imagery’) from leading
US-based vendor will be integrated within our photo-edition
services during the summer. HDR is a post-production tone-mapping
computerized process that compose one image frame using multiple
image exposures. HDR process is very popular in the real estate
industry to capture interior pictures with perfect lightning. This
HDR addition from a leading HDR vendor will make Urbanimmersive
photo-edition services one of the most complete solutions on the
market that is fully integrated to a real estate photographer SAAS
business Solution.
TSX Venture Exchange has not reviewed this press
release and has neither approved nor disapproved the contents of
this press release.
About Urbanimmersive
Urbanimmersive is a content marketing platform
for real estate professionals. The Corporation connects real estate
professionals, photographers and writers in order to simplify and
optimize original content production workflow. Urbanimmersive
enables its customers to leverage their marketing investment while
increasing productivity, competitiveness, their web visibility,
consumer engagement with their brand and ultimately, their
revenue.
Caution of Forward-Looking
Statements
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 estimates or opinions change.
For more information:
Urbanimmersive Inc. Ghislain Lemire President
& Chief Executive Officer 514-394-7820 X 202
ghislainlemire@urbanimmersive.com
Simon Bédard, CA, CPA, CFA, MBAChief Financial
Officer514 394-7820 X 224simonbedard@urbanimmersive.com
www.urbanimmersive.com
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