Nextech3D AI Stock Price, News & Analysis

Nextech AR Solutions Corp. has rebranded to Nextech3D.ai to better reflect its focus on AI-powered 3D modeling, aiming for profitability in the booming $100 billion 3D market. The company has strengthened its AI team with three new scientists and has developed a dataset of 70,000+ 3D objects, surpassing existing datasets in quality. CEO Evan Gappelberg emphasized the competitive edge gained through generative AI in transforming their business. With recent advancements and a strong relationship with Amazon, Nextech3D.ai is poised for significant revenue growth in 2023 and beyond.

Nextech AR Solutions Corp (OTCQX:NEXCF) will be presenting at the Emerging Growth Conference on March 8, 2023, from 10:15 - 10:45 a.m. ET. CEO Evan Gappelberg will showcase the company's advancements in 3D modeling and augmented reality (AR) technologies, emphasizing their applications in the $5.5 trillion e-commerce market.

The presentation allows for real-time interaction with investors, who are encouraged to submit questions in advance to maximize engagement. An archived webcast will also be available for those unable to attend live.

ARway Corp (CSE:ARWY)(OTCPK:ARWYF) has launched a wayfinding pilot project at the Donegal County Museum in Ireland, part of a larger European digital initiative through ERNACT. This project aims to enhance visitor engagement using the ARway platform. The company’s CEO, Evan Gappelberg, discussed the pilot's significance in a recent interview. Other companies featured in recent interviews include Nextech AR, Vista Gold, INEO Tech, and Datametrex, highlighting their latest developments. The interviews provide insights for investors about market movements and corporate strategies.

Nextech AR Solutions Corp. (OTCQX:NEXCF) has unveiled new machine learning and computer vision technologies for its Toggle3D platform. These innovations enable a remarkable 95% reduction in CAD file sizes, crucial for developers creating complex virtual experiences. Toggle3D now allows CAD files, typically over 625 MB, to be optimized down to merely 31.6 MB without visible quality loss, thus positioning it as a leader in the $160 billion global CGI application software market. The company aims to boost subscriptions and is advancing towards a spin-out IPO of Toggle3D.ai, with trading expected to start in Q2 2023.

Nextech AR Solutions Corp. (OTCQX:NEXCF) has announced that Q1 2023 is expected to be a record quarter for 3D modeling, driven by its generative AI technology. The company has achieved a 720x increase in 3D texture production speed, reducing processing time to mere seconds. This innovation strengthens Nextech's competitive position in e-commerce 3D modeling. Additionally, the ARitize 3D platform continues to expand its library of 3D model parts, currently at 100,000 and projected to reach 1,000,000. Nextech's holdings of ARway shares worth an estimated $15 million further contribute to its market cap. Shares are currently trading at $0.71.

VANCOUVER, BC / ACCESSWIRE / February 28, 2023 / The Power Play by The Market Herald has released interviews with various companies including Nextech AR Solutions (NEXCF), highlighting their recent developments. Nextech AR is on track for record Q1 2023 revenue in 3D modeling, leveraging a partnership with Amazon in the $5.5 trillion e-commerce market. Nextech focuses on augmented reality, 3D modeling, and holograms. Other featured companies include Green River Gold, Brascan Gold, ARway, Mountain Boy Minerals, and Bocana Resources, discussing their respective advancements and project updates.

Nextech AR Solutions Corp (OTCQX:NEXCF) announced significant growth in Q1 2023, driven by high demand for 3D models and breakthrough generative AI technology. The company anticipates record revenue from its 3D modeling business as it transitions the $5.5 trillion ecommerce industry from 2D to 3D models. CEO Evan Gappelberg highlighted numerous new contracts and a competitive edge due to a 720x increase in 3D texture production speed. With a growing library of reusable 3D parts, Nextech is strategically positioned to capitalize on the accelerating global demand for 3D models, forecasting long-term revenue growth.

Nextech AR Solutions (CSE:NTAR)(OTCQX:NEXCF) has launched a significant upgrade to its Toggle3D platform, introducing the Quad Typology Converter Upgrade. This advancement allows users to create quad tessellations, enhancing the functionality of CAD files and improving the overall quality of 3D models. Chief Product Officer Dasha Vdovina discussed this progressive update, which aims to strengthen product offerings and align with evolving industry standards. The announcement is part of a series of interviews highlighting developments within various companies, providing investors with critical insights.

Nextech AR Solutions Corp (OTCQX:NEXCF) announced the launch of the Quad Typology Converter Upgrade for its Toggle3D platform, enhancing its position as an all-in-one solution for CAD to web 3D design. This upgrade allows users to produce quad tessellations, increasing the quality of 3D models, a vital requirement for enterprise clients. The global GGI Application Software market is projected to reach US$160.5 Billion by 2027. Nextech plans to spin out Toggle3D into a publicly traded subsidiary, retaining 65% ownership. This strategic move aims to leverage the projected growth in the CAD market, which is expected to reach US$11 Billion by 2023.