Nextech3D AI Stock Price, News & Analysis

Nextech AR Solutions Corp (OTCQX:NEXCF) is enhancing its competitive edge in the $100 billion 3D model e-commerce market through generative AI technology. On February 9, 2023, CEO Evan Gappelberg will present at the OTC Virtual Investor Conferences, highlighting the company's innovative 3D modeling and AR navigation technologies. The live event invites investors to interact with the presentation and ask questions in real-time. Nextech's recent advancements include breakthroughs in AI-generated 3D model textures and the announcement of a public offering of units totaling $3 million.

Nextech AR Solutions Corp (OTCQX:NEXCF) announced a significant breakthrough in generative AI technology for 3D model texture expansion. This innovation allows for the creation of high-quality 4K textures from small digital swatches, achieving a remarkable 720-fold increase in production speed. The company can now expand a 250x191 pixel patch into a 4K image in just 40.5 seconds, compared to traditional methods that take over 8 hours. Nextech plans to file a patent for this technology in 2023, solidifying its position in the $100 billion 3D ecommerce market.

Nextech AR Solutions Corp. (OTCQX:NEXCF) announced the spin-out of Toggle3D, an AR-enhanced web application designed for product designers and marketers to create high-quality 3D models. The company will retain approximately 65% of the new subsidiary's shares, with 20% distributed to shareholders. Toggle3D aims to raise up to $1.5 million from a private placement of subscription receipts. The software targets the growing computer-aided design market, projected to expand from $9.89 billion in 2022 to $17.47 billion by 2030. Currently, shares are trading at $0.77, and Nextech’s market capitalization includes $15 million from its holdings in ARway.

Nextech AR Solutions Corp. (OTCQB:NEXCF) has announced its plan to spin out its Toggle3D platform, aiming to disrupt the $11 billion CAD market. Following the success of the ARway spin-out, Nextech believes that Toggle3D, which converts large CAD files into lightweight 3D models, is ready for commercial success. The transaction will involve a direct listing on the Canadian Securities Exchange (CSE) and will retain approximately 65% ownership in the new subsidiary. Nextech is also planning a private placement to raise a minimum of C$1.5 million for further development of Toggle3D. Completion is subject to shareholder and court approval, highlighting potential risks.

Nextech AR Solutions Corp. (OTCQX:NEXCF) has successfully completed its public offering of units, raising approximately $3 million. Each unit, priced at $0.83, consists of one common share and a warrant, which allows for the purchase of additional shares at $1.03 over the next 48 months. The offering was led by Research Capital Corporation, with a potential increase option of up to 15% to cover over-allotments. The net proceeds will be allocated for working capital and general corporate purposes. This move is significant as it aims to bolster Nextech's operational capabilities and funding for future projects.

VANCOUVER, BC / ACCESSWIRE / January 27, 2023 / The Power Play by The Market Herald features new interviews with Pharmala Biotech Holdings, Nextech AR Solutions (NEXCF), and Enertopia. Pharmala Biotech announced it received an export permit for 300 grams of LaNeo MDMA, likely the largest ever granted by Health Canada. Nextech AR Solutions unveiled a major upgrade to its AI-powered SaaS platform, Toggle3D, enhancing the creation of 3D models at scale from CAD files. Enertopia provided updates on its West Tonopah Lithium project, outlining a forthcoming 43-101 report and potential feasibility study in 2024.

Nextech AR Solutions Corp (OTCQX:NEXCF) has launched significant upgrades to its AI-powered 3D modeling platform, Toggle3D. This upgrade introduces advanced features such as an AI-generated Physics Based Rendering (PBR) tool and enhanced user experience design aimed at simplifying the 3D modeling process. With an emphasis on accessibility, Toggle3D enables users without prior experience to efficiently create high-quality 3D models. This innovation positions Toggle3D to disrupt the computer graphics market, expected to reach $160 billion by 2027, challenging established competitors like Adobe and Autodesk.

Nextech AR Solutions Corp (OTCQX:NEXCF) will have its CEO, Evan Gappelberg, present at the AlphaNorth Capital Conference on January 21, 2023. The company specializes in augmented reality and AI technology, creating 3D experiences for the metaverse and providing photorealistic models for the ecommerce sector.

The conference will feature one-on-one meetings with notable investors from several institutions. Nextech has recently completed two significant spin-outs in 2022, retaining substantial ownership in both. With strong prospects, Nextech aims to leverage its technology for further growth.