New ML & Computer Vision Reduces CAD file size by 95% 

• New Enterprise contracts for 3D Models in $5.5 Trillion ecommerce Industry Driving Record Growth 
  
  

• Breakthrough Generative AI Driving Record 3D Model Production in Q1 and Beyond
  
  

TORONTO, O.N, Canada – February 28, 2023 -  Nextech AR Solutions Corp.  (“Nextech” or the “Company”) (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), is an Artificial Intelligence powered 3D model supplier for Amazon and hundreds of other major e-commerce retailers and brands is pleased to announce that with the Company’s groundbreaking generative AI technology,  Q1 2023 is currently tracking to be a record quarter for 3D modeling. The timing of record 3D modeling demand and record production capabilities on the back of its breakthrough generative AI is expected to drive record 2023 revenue for the 3D model business in ecommerce. The Company believes that as a preferred 3-D model supplier to Amazon, it is perfectly positioned to lead the $5.5 trillion dollar ecommerce market as it transitions from 2D photos to 3D models. 

Evan Gappelberg, CEO of Nextech commented, “In addition to large enterprise customers like Amazon, Nextech continues to see a record number of new deals for 3D models from a variety of customers in Q1 2023. It’s due to this record demand in just the past 60 days that we anticipate Q1 2023 will exceed sales numbers from Q4 2022.” He continued, “These latest 3D modeling contracts continue to show accelerating global demand for 3D models due to the high ROI. The 3D model mega-trend is gaining even more traction in 2023, as the mass adoption of 3D models has really only just begun. Nextech is currently in discussions with major brands and retailers across the globe and we fully expect to land additional major enterprise multi-year contracts.  These contracts represent an enormous amount of potential revenue for years to come but when combined with the millions of Amazon’s merchants who are starting to recognize the value of having 3D models, the demand growth along with our revenue growth becomes exponential”.

In February, Nextech AR announced a major generative artificial intelligence (AI) breakthrough in 3D model texture creation. The breakthrough enables the Company to recreate high-quality 4K textures at scale from just small digital swatches in just seconds versus hours of manual labor, representing a 720x increase in production speed. This breakthrough in texture expansion technology will revolutionize the 3D modeling industry and give Nextech a major competitive edge further solidifying its leadership position in the global 3D model space for ecommerce. The Company plans to file a patent in 2023 on this breakthrough technology.

3D Modeling for $5.5 Trillion Global  E-commerce Industry Taking Off as Generative AI is Driving Exponential Growth in Nextech’s Web3.0 Portfolio of Technologies

Generative AI is now giving Nextech a competitive edge and driving its transformation towards profitability and scale in the $100Billion 3D model for ecommerce market

Toggle3D is disrupting the Computer Graphics Market, which is projected to reach $160 billion by 2027 Dominated by Adobe, Autodesk, Solidworks, Nvidia 

 

TORONTO, O.N, Canada – January 26, 2023 -  Nextech AR Solutions Corp.  (“Nextech” or the “Company”) (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a Metaverse Company and leading provider of augmented reality (“AR”) experience technologies, wayfinding technologies and 3D model services is pleased to announce the launch of a major upgrade to its AI powered SaaS platform, Toggle3D, that enables the creation, design, configuration and deployment of 3D models at scale, using CAD files. In addition to the new modern look and design, the Company has launched an AI generated Physics Based Rendering (PBR) material creation tool which now allows for the scale of photorealistic materials. The Company believes that this new AI technology will accelerate signups for the platform.

Nextech’s Generative AI Driving Exponential Growth For Portfolio of 3D/AR Technologies for Ecommerce

Generative AI Driving Exponential Growth in Nextech’s Web3.0 Portfolio of Technologies for Ecommerce Enables Scaling 3D Model Production

TORONTO, O.N, Canada – DECEMBER 13, 2022 -  Nextech AR Solutions Corp.  (“Nextech” or the “Company”) (OTCQB: NEXCF) (CSE: NTAR) (FSE: EP2), a Metaverse Company and leading provider of augmented reality (“AR”) experience technologies, wayfinding technologies and 3D model services today announced that the Company will present at the Emerging Growth Investor Conference on December 14, 2022.

Nextech AR Solutions invites individual and institutional investors, as well as advisors and analysts, to attend CEO Evan Gappelberg’s real-time, interactive presentation, showcasing Nextech’s 3D modelling and AR wayfinding technologies. Using breakthrough AI, Nextech AR is able to quickly, easily, and affordably create vast quantities and varieties of existing assets at scale making products, people and places ready for interactive 3D use, giving creators at every level all the essential tools they need to build out their digital AR vision in the Metaverse.

3D Ads Gaining Traction With Major Brands Represents Major New Revenue Potential

Nextech’s Breakthrough AI is aiming to solve the multi-billion dollar 3D model supply problem