New High-Tech App Expected to Drive Revenue in 2023 By Combining Artificial Intelligence and Augmented Reality
New High-Tech App Expected to Drive Revenue in 2023 By Combining Artificial Intelligence and Augmented Reality
The Company has developed and launched game-changing artificial intelligence (AI) for the $5.5trillion dollar ecommerce industry accelerating the transition from 2D photos to 3D models
New ML & Computer Vision Reduces CAD file size by 95%
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
Toggle3D is a SaaS Web based Studio Uses AI to Turn CAD files into Web3D Models at Scale, Disrupting the $11 Billion CAD Market
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.
In the first 6 weeks of Q2 2022, the Company has exceeded all contracts signed in Q1 for 3D models
Adoption of Nextech AR and 3D models accelerating as ecommerce leaders seek competitive edge in challenging economy
TORONTO, O.N, Canada – April 28, 2022 - Nextech AR Solutions Corp. (“Nextech” or the “Company”) (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), a Metaverse Company and leading provider of augmented reality (“AR”) experience technologies and services is pleased to announce it has signed an ARitize 3D contract for 3D modeling and custom decorator with a major auto parts distributor, Genuine Parts Company.
