Renoworks Taps Tech Investor Andrew Choi for Board to Fuel AI Growth

CALGARY, AB – February 23, 2026 – Renoworks Software Inc. (TSXV: RW), a company at the forefront of visualization technology for the home improvement sector, has appointed seasoned technology investor and capital markets professional Andrew Choi to its Board of Directors. The move signals a strategic deepening of the company's commitment to artificial intelligence and data-driven growth as it seeks to expand its footprint in the rapidly digitizing construction and remodeling industries.

Choi's appointment is effective immediately and brings a wealth of experience in software, scalable SaaS platforms, and growth-stage companies to the Calgary-based firm. His background is expected to provide critical guidance as Renoworks accelerates the adoption of its AI-powered product suite and refines its capital allocation strategies.

Bolstering an AI-Powered Arsenal

The timing of Choi's appointment is particularly significant. Renoworks has recently sharpened its focus on a new generation of AI-driven tools designed to transform how building product manufacturers, contractors, and homeowners interact. The company is actively promoting its LeadPOD data and analytics layer, its AI Design Assistant, and enhanced analytics solutions. These products are not just theoretical; they are already making a financial impact.

Launched in August 2025, LeadPOD and the AI Design Assistant quickly gained traction. By September, five existing manufacturer clients had signed on, expanding their contribution to Renoworks' annual recurring revenue (ARR) fivefold. This early success validates the company's strategy of embedding AI directly into the sales and design workflow of the home remodeling industry.

LeadPOD, for instance, uses a proprietary AI model called Predictive Close Rate (PCR) to analyze homeowner design activity and forecast which leads are most likely to convert into sales. This allows contractors and manufacturers to prioritize their efforts on high-intent customers. The AI Design Assistant complements this by using generative AI to analyze a photo of a home and instantly recommend compatible products from a manufacturer's catalog, streamlining the often-overwhelming selection process for homeowners.

Doug Vickerson, CEO of Renoworks, highlighted the value Choi brings to this strategic push. "Andrew brings a rare combination of capital markets experience and deep knowledge of the technology and software ecosystem," Vickerson stated. "As we continue to position Renoworks as a data-driven, AI-powered platform for the building products industry, his perspective as both an investor and a technology-focused strategist will be invaluable."

A Strategic Play in a Digitizing Industry

Choi's arrival comes as the broader Property Technology (Proptech) and Construction Tech sectors are experiencing explosive growth and transformation. The global Proptech market, valued at over $35 billion in 2024, is projected to exceed $114 billion by 2033, driven by the widespread adoption of AI, big data analytics, and virtual reality. Renoworks operates directly at this intersection, providing the virtual tools that are becoming essential for sales and marketing in the building products space.

Mr. Choi's own comments reflect an alignment with this vision. "Renoworks has built a differentiated technology platform at the intersection of AI, visualization, and the building products industry," Choi remarked. "The Company is well positioned to capitalize on the increasing digitization of home improvement and construction workflows. I am excited to join the Board and support management in scaling the platform, deepening enterprise relationships, and driving long-term shareholder value."

His expertise in evaluating scalable, technology-enabled platforms, honed during his tenure at global investment firm Burgundy Asset Management Ltd., provides Renoworks with a director who intrinsically understands the architecture of modern software and the strategic levers required to build a durable competitive advantage.

Financial Discipline Meets Tech Innovation

While the focus is on technological advancement, Choi's appointment also underscores a commitment to disciplined financial growth. Renoworks has demonstrated a strong positive trend, achieving its sixth consecutive quarter of profitability in the period ending September 30, 2025. During that time, the company saw its total revenue grow 15% year-over-year, with its crucial licensing and hosting revenue—a key measure of its recurring revenue base—surging by 36%.

This performance, coupled with an improved gross margin of 76%, provides a stable foundation from which to pursue more ambitious growth. Choi's background in capital markets and long-term value creation is precisely the kind of expertise a company at this stage needs. His role will be critical in evaluating strategic partnerships, potential acquisitions, and other capital allocation opportunities that can accelerate Renoworks' market penetration and expand its recurring revenue model.

The Modern Boardroom in Action

Renoworks' decision to bring Andrew Choi onto its board is emblematic of a larger trend in corporate governance, particularly within the technology sector. Growth-stage companies are increasingly recognizing that a modern board requires more than just general business acumen; it needs deep, domain-specific expertise. By adding a director with a proven track record in both technology investment and software strategy, Renoworks is better equipping itself to navigate the complexities of a fast-evolving market.

Independent directors with specialized knowledge are seen as essential for providing objective oversight, challenging assumptions, and guiding strategy around complex topics like AI implementation, data privacy, and cybersecurity. They enhance investor confidence by signaling that the company is guided by informed, strategic leadership. Choi's unique blend of financial rigor from the world of institutional investing and a granular understanding of AI-driven platforms exemplifies the new archetype of the strategic board member. His presence is intended not just to advise, but to actively help shape a future where Renoworks solidifies its position as a leader in the digital transformation of the home improvement industry.