6 min read
Nextech AR Announces It Has Launched Groundbreaking CAD To 3D Technology And Files a Provisional Patent
This technology will greatly reduce the cost and accelerate the CAD conversion process across industries.
NexTech is one of the leaders in the rapidly growing Augmented Reality market estimated to grow from USD $10.7B in 2019 and projected to reach USD $72.7B by 2024. According to Markets & Markets Research; it is expected to grow at a CAGR of 46.6% from 2019 to 2024.
The company is pursuing four verticals:
Virtual Conference Platform: An advanced Augmented Reality and Video Learning Experience Platform for Events, is a SaaS video platform that integrates Interactive Video, Artificial Intelligence and Augmented Reality in one secure platform to allow enterprises the ability to create the world’s most engaging virtual event management and learning experiences. Automated closed captions and translations to over 64 languages. According to Grandview Research the global virtual events market in 2020 is $90B and expected to reach more than $400B by 2027, growing at a 23% CAGR. With NexTech’ s Virtual Conference Platform having augmented reality, AI, end-to-end encryption and built in language translation for 64 languages, the company is well positioned to rapidly take market share as the growth accelerates globally.
ARitize™ For eCommerce: The company launched its SaaS platform for webAR in eCommerce early in 2019. NexTech has a ‘full funnel’ end-to-end eCommerce solution for the AR industry including its Aritize360 app for 3D product capture, 3D/AR ads, its Aritize white label app it’s ‘Try it On’ technology for online apparel, 3D and 360-degree product views, and ‘one click buy’.
ARitize™ 3D/AR Advertising Platform: Launched in Q1 2020 the ad platform will be the industry's first end-to-end solution whereby the company will leverage its 3D asset creation into 3D/AR ads. In 2019, according to IDC, global advertising spend will be about $725 billion.
ARitize™ Hollywood Studios: The studio is in development producing immersive content using 360 video, and augmented reality as the primary display platform.
Listen to Evan Gappelberg, and CFO, Kashif Malik discuss the Q3 Earnings for NexTech AR Solutions. They highlight some of the recent acquisitions, business developments, and how the team has evolved into a global workforce.
Listen to our CEO, Evan Gappelberg, and our CFO, Kashif Malik discuss the NexTech AR Solutions 2020 2Q results, which were issued after the market close on August 25, 2020. They touch on the highlights of the quarter, recent business developments, financial results & more!
NexTech AR Solutions (CSE: NTAR) (OTC: NEXCF) is a rapidly growing leader in the exploding AR industry, estimated to hit $120 billion by 2022, according to Statista. NexTech provides businesses with augmented reality solutions that help drive their bottom line and competitive advantage. Whether for product promotion, increased sales, product training, or brand evangelism, NexTech AR is focusing on several key multi-billion-dollar verticals including fashion & apparel, footwear, and luxury goods. Nextech is the first publicly traded “pure-play” AR company and began trading on the CSE on October 31st, 2018.
NexTech AR Solutions Inc. (CSE: NTAR) (OTC: NEXCF) represents a first-mover opportunity in the augmented reality space with the creation of a transformational patent-pending AR/AI eCommerce solution to help businesses drive greater online growth. We are focusing on growth in our ecommerce, education and entertainment business lines across many market verticals including fashion & apparel, footwear, luxury goods & accessories, and others.
Our ARitize™ eCommerce platform is the first truly cross-solution, browser-based, web-enabled AR eCommerce option in a $2.8 trillion global eCommerce market. This platform is integrated with Shopify, WordPress and Magento and built for scale and mass adoption enabling small and large eCommerce sites to integrate Augmented Reality into the shopping experience with just a simple line of embed code. No developer or special programming skills are needed.
NexTech University launched in June 2019 is an app-based solution that allows companies and educational establishments to leverage all of their existing 2D assets – YouTube videos, PDF documents, PowerPoint decks, images, etc.—and then overlay immersive 3D-AR experiences on top of that content for an interactive training experience that drives productivity.
NexTech Studios creates branded entertainment and immersive 360 experiences that allow users to experience events as if they were "there, without being there."
NexTech 3D/AR-360 Advertising Platform: Launched in Q1 2020 the ad platform will be the industry’s first end-to-end solution allowing NexTech to leverage its 3D asset creation into 3D/AR ads. Research by IDC indicates that global advertising spend in 2019 will be about $725 billion.
CaptureAR is NexTech's revolutionary AR technology which makes 3D augmented reality creation accessible to everyone and for any product. With CaptureAR, you can easily and quickly convert your real-world products into a 3D/AR web format and use the power of AR to drive more online sales.
Chief Executive Officer (CEO)
President, Chairman of the Board
Chief Operations Officer (COO)
Global Head of Digital Sales
SVP, Product Innovation
Chief Marketing Officer (CMO)
President of 3D/AR Advertising
Chief Financial Officer (CFO)
Chief Human Resources Officer
Ori is the world’s leading expert in augmented reality and has devoted the past 10 years to fostering the AR ecosystem. In 2009, Ori was the co-founder and CEO of Ogmento (renamed Flyby Media - Acquired by Apple), one of the first venture-backed companies conceived to develop augmented reality games and tech. In 2012, Ori founded AugmentedReality.org, a non-profit organization on a mission to advance augmented reality in order to advance humanity. AugmentedReality.org has a moonshot goal to inspire 1 billion active users of augmented reality by 2020 and is the producing organization behind AWE, the world’s largest AR event in Silicon Valley, Asia, and Europe. Ori is a recognized speaker in industry events and a sought-after advisor for AR startups and initiatives. Previously, as Senior Vice President of Solution Marketing for SAP’s platform, Ori was responsible for the positioning and marketing of SAP NetWeaver - which under his leadership grew from a mere concept to a billion-dollar business for SAP. Prior to SAP, Ori joined TopTier Software, as one of the first employees of this start-up. He lead the development and introduction to the market of more than 15 multimedia and business applications including the world’s leading enterprise portal, which in 2001 was acquired by SAP for $400 Million.
Starr was a retail sales pioneer at PTC, Salesforce.com and now at LivePerson, Inc. as AVP Retail. He is recognized in the retail industry as driving transformational change and customer success in enterprise retail markets. With his long term retail client relationships, perspective, and extensive industry experience, he is uniquely positioned to help guide NexTech on its growth trajectory and identify opportunities in the retail industry.
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VANCOUVER, B.C., Canada – September 8, 2021 - Nextech AR Solutions Corp. (“Nextech” or the “Company”) (OTCQB: NEXCF)...
Vancouver, B.C – September 2nd, 2021 – Nextech AR Solutions Corp. (“Nextech” or the “Company”) (NEO: NTAR.NE) (OTC:...