Perfect Corp. Partners With TIMEZ to Power a Smarter Way for Shopping Watches With Virtual Try-On Technology

Rhea-AI Summary

Perfect Corp. (NYSE: PERF) has partnered with TIMEZ, a watch aggregation platform, to introduce AR virtual try-on technology for luxury watches. The collaboration integrates advanced 3D modeling, rendering, and AR technologies into TIMEZ's mobile app, offering users an enhanced digital shopping experience. Key features include:

- 360° 3D model viewing
- Virtual try-on with AgileHand™️ hand-tracking technology
- High-precision 3D rendering for accurate color and texture display
- AI-powered watch recognition identifying over 53,000 models in 0.8 seconds

This partnership aims to redefine the digital experience in the watch sector, supporting TIMEZ's omnichannel growth and providing comprehensive digital services for watch enthusiasts.

Positive

• Partnership with TIMEZ expands Perfect Corp.'s market reach into the luxury watch sector
• Integration of advanced AR and AI technologies enhances user experience and potentially drives sales
• AI watch recognition model supports over 53,000 watches, demonstrating extensive database and functionality

Negative

• None.

Insights

Market Research Analyst

This partnership between Perfect Corp. and TIMEZ represents a significant advancement in the luxury watch retail sector. The integration of AR and AI technologies for virtual try-ons could potentially disrupt traditional watch shopping behaviors. However, the immediate financial impact on Perfect Corp. (NYSE: PERF) is likely minimal. The real value lies in the long-term potential for market expansion and increased user engagement.

From an investor's perspective, this move positions Perfect Corp. as a pioneer in the watch e-commerce space, potentially opening up new revenue streams. The ability to accurately render 53,000+ watch models demonstrates the scalability and robustness of their technology. While not an immediate game-changer, this partnership could be a stepping stone for Perfect Corp. to capture a larger share of the luxury goods market, beyond their current beauty and fashion focus.

Tech Expert

The technology showcased in this partnership is truly cutting-edge. Perfect Corp.'s AgileHand™️ hand-tracking technology combined with high-precision 3D rendering represents a significant leap in AR capabilities for e-commerce. The ability to accurately reproduce colors, textures and lighting effects of luxury watches is no small feat, given the intricate details and materials involved.

What's particularly impressive is the AI-powered watch recognition model, capable of identifying specific models within 0.8 seconds. This rapid identification, coupled with the provision of technical specs and market price data, creates a seamless and informative user experience. From a tech perspective, this integration of AR, AI and big data showcases Perfect Corp.'s versatility and innovation in SaaS solutions, potentially opening doors to applications in other high-value product categories beyond watches and cosmetics.

Cutting-edge AR technology delivers a seamless and immersive watch virtual try-on experience, expanding and redefining the omnichannel watch shopping journey.

NEW YORK--(BUSINESS WIRE)-- Perfect Corp.(NYSE: PERF), a global leader in augmented reality (AR) and artificial intelligence (AI) beauty and fashion tech, has announced a collaboration with TIMEZ, a next-generation watch aggregation platform. This partnership introduces a tailored digital solution for luxury watches on TIMEZ’s mobile application, integrating advanced 3D modeling, 3D rendering, and AR technologies to offer an enhanced digital experience.

Perfect Corp. Partners with TIMEZ to Power a Smarter way for Shopping Watches with Virtual Try-On Technology (Graphic: Business Wire)

Users can access the “AR Try-On” feature from the app’s main interface. Each watch is displayed as a 3D model, allowing users to rotate and zoom in/out with a full 360° view. Perfect Corp.’s advanced AR virtual try-on functionality enables users to virtually “wear” the watch on their wrist. Its patented AgileHand™️ hand-tracking technology allows users to effortlessly rotate their wrists to view the watch from different angles. High-precision 3D rendering ensures that colors, textures, and lighting effects are accurately reproduced, showcasing the watch's quality and finish with perfect accuracy on screen. This highly interactive try-on experience simplifies the watch selection process, making it more intuitive and personalized for users.

Additionally, users can utilize TIMEZ's proprietary AI watch recognition model to accurately identify specific watch models. By simply taking or uploading a photo within the app, the system can automatically recognize and match the watch to its brand and model within 0.8 seconds, providing not only detailed technical specifications but also market price data. Currently, the AI model supports identifying over 53,000 watches, offering users a quick and convenient search experience.

Redefining the Future of Watch Shopping

Since its inception, TIMEZ has been at the forefront of innovation, driven by the philosophy of “Technology Drives Innovation.” Powered by advanced AI technology and backed by extensive global watch datasets, TIMEZ is building a comprehensive platform that offers professional watch specification and market price data, intelligent authentication, 3D watch display, AR Try-on, and full lifecycle management for watches. Providing the users with a completely new experience.

Recognizing the evolution within the watch market and changing purchasing behaviors, TIMEZ is committed to transforming the traditional watch authentication and trading models. By leveraging Perfect Corp.’s advanced technologies, TIMEZ has structured a vast array of branded watches into structured data, launching a market-responsive virtual try-on service within its app. This initiative aims to redefine the digital experience in the watch sector, providing comprehensive digital services for watch enthusiasts.

Empowering Watch Brands with Virtual Try-Ons and Broadening Omnichannel Retail

As an Industry leader in SaaS AI and AR solutions for beauty and fashion, Perfect Corp. remains dedicated to enhancing consumer shopping experiences through innovative digital technologies. The digital solution provided to TIMEZ promotes sustainable, personalized, and digital shopping experiences for TIMEZ’s mobile users, supporting it’s omnichannel growth.

Alice Chang, Founder and CEO of Perfect Corp., stated, “We are pleased to work with TIMEZ in offering this innovative service, marking our debut in virtual watch try-ons via mobile app. We hope this collaboration will further enhance the digital shopping experience for watch enthusiasts and propel the watch industry’s future development. TIMEZ’s adoption of our technology to accurately and exquisitely reproduce luxury watches digitally is a testament to their trust in Perfect Corp.’s capabilities and our ability to meet the demands of the high-end watch market.”

To learn more about our AR Watch Virtual Try-On solution, please visit: https://www.perfectcorp.com/business/products/ar-watch

About TIMEZ

A next-generation watch aggregation platform, powered by advanced AI technology, which collects enormous watch data including various watch brands, models, parameters, retail price, market price and so on, provides users with a professional and comprehensive watch database. TIMEZ not only provides the real time market prices of watches, but also assists users to find watches that satisfy their individual requirements.

TIMEZ wishes to become the leader of watch database all over the world, and helps users to understand watches much easier than ever before.

About Perfect Corp.

Perfect Corp. (NYSE: PERF) leverages ‘Beautiful AI’ innovations to make our world more beautiful. As a pioneer and leader in the space, Perfect Corp. works with over 650 partners around the globe to empower brands to embrace the digital-first world by transforming shopping journeys through digital tech innovations. Perfect Corp.’s suite of enterprise solutions delivers synergistic, technology-driven experiences that facilitate sustainable, ultra-personalized, and engaging shopping journeys through hyper-realistic virtual try-ons, AI-powered skin analyses, personalized product recommendation tools and many more Beautiful AI innovations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240917169297/en/

Press

Perfect Corp. official website: https://www.perfectcorp.com

Perfect Corp. on LinkedIn: https://www.linkedin.com/company/perfect-corp/

Perfect Corp. official Blog: https://www.perfectcorp.com/business/blog/1

Corporate: Tony Tsai at press@perfectcorp.com or by phone: +886-2-8667-1265, ext. 2167

USA: Allie Murphy at contact_pr@perfectcorp.com or by phone +1 (415) 625-8555

Japan: Ryoko Nakagawa at contact_pr_jpn@perfectcorp.com or by phone: +81-3-5875-6651

China: Winter Zhang at Winter_zhang@perfectcorp.com or by phone: +86-166-2139-1855

Europe: Aurélie Léveillé at contact_pr_fr@perfectcorp.com

UAE: Moushmi Bhatia at contact_pr_uae@perfectcorp.com or by phone: +971 (0) 56 896 5253

India: Ananya Tandon at contact_pr_in@perfectcorp.com

Indonesia: Efon Dea at contact_pr_id@perfectcorp.com

Source: Perfect Corp.

FAQ

What new technology has Perfect Corp. (PERF) introduced for watch shopping?

Perfect Corp. (PERF) has introduced AR virtual try-on technology for luxury watches, featuring 3D modeling, rendering, and AR technologies integrated into TIMEZ's mobile app.

How does the AR try-on feature work in the TIMEZ app powered by Perfect Corp. (PERF)?

Users can access the 'AR Try-On' feature from the app's main interface, allowing them to virtually 'wear' watches on their wrist, rotate their wrists to view different angles, and see accurate colors and textures through high-precision 3D rendering.

What is the AI watch recognition capability in the TIMEZ app developed with Perfect Corp. (PERF)?

The AI watch recognition model can identify over 53,000 watch models within 0.8 seconds by analyzing a photo uploaded or taken within the app, providing detailed technical specifications and market price data.

How does the Perfect Corp. (PERF) and TIMEZ partnership aim to impact the watch industry?

The partnership aims to redefine the digital experience in the watch sector by offering comprehensive digital services for watch enthusiasts, supporting omnichannel growth, and transforming traditional watch authentication and trading models.