Welcome to our dedicated page for Nextech3D AI news (Ticker: NEXCF), a resource for investors and traders seeking the latest updates and insights on Nextech3D AI stock.
Nextech3D.ai Corp (NEXCF) is described in its public communications as an AI-first technology company focused on event technology, 3D modeling, and spatial computing. Company news highlights that Nextech3D.ai delivers AI-powered live event solutions and AI Event Solutions for virtual, hybrid, and in-person experiences through platforms such as Map D, Eventdex, and Krafty Labs.
The news flow around Nextech3D.ai frequently covers developments in its unified event-technology ecosystem. Examples include integration milestones between Eventdex and Map D, expansion of AI matchmaking capabilities, and production milestones for interactive floor plans. Releases also discuss blockchain-powered ticketing and accreditation, as well as enhancements to mobile apps, registration, and exhibitor management within the event platform.
Recent announcements emphasize strategic transactions and platform expansion, including the acquisition of Krafty Labs, an AI-enabled experiential team-building and engagement platform serving global enterprise customers, and a definitive agreement to acquire all remaining shares of ARway, a no-code AR navigation provider. These items appear in company news alongside updates on insider investments through convertible notes and open market share purchases.
Investors and observers following NEXCF news can expect coverage of topics such as AI-powered event registration and ticketing, AI matchmaking performance, interactive floor plan production, experiential engagement offerings through Krafty Labs, and the integration of AR navigation and blockchain ticketing into the Nextech3D.ai stack. News items also describe how the company’s platforms support conferences, expos, corporate activations, learning programs, and enterprise engagement.
This news page aggregates these disclosures so readers can review Nextech3D.ai’s reported product developments, acquisitions, integrations, and capital markets updates in one place.
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.
Nextech AR Solutions Corp. (OTCQX:NEXCF) has secured a significant contract with a U.S. enterprise customer for 3D model deliveries in 2023, enhancing its position in the $5.5 trillion e-commerce ecosystem. The company’s ARitize 3D platform automates 3D model creation, utilizing AI to convert 2D images into high-quality 3D and AR experiences. Nextech’s library of 3D model parts is expanding rapidly, aiming to reach 1 million unique parts, which is expected to improve production efficiency. Shopify reports that 3D models can boost conversion rates by up to 250%. Nextech's shares are trading at $0.84, and they hold a valuable stake in the spinoff, ARway.
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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.