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.
Nextech AR Solutions Corp. (NEXCF) has announced record demand for its 3D modeling services, driven by strong contract renewals and new deals across various industries. The company reported a significant increase in Q3 2022 revenues, with 3D modeling revenue up over 170% from Q2. Recent contracts include major clients like Sirclo and Bunnings Group. Looking ahead, Nextech expects continued growth in 2023 and has secured a $6.7 million order from a NASDAQ 100 tech company. The upcoming earnings call is scheduled for November 17, 2022.
Nextech AR Solutions Corp. (OTCQB: NEXCF, CSE: NTAR) has announced significant updates to its Toggle3D Design Studio, a web-based application enhancing 3D modeling for product designers and marketers. Innovations include a breakthrough PBR material creation flow, reducing material design time from days to minutes, and expanded CAD conversion capabilities. The platform's user-friendly features aim to disrupt the $11 billion CAD market, attracting various early adopters. CEO Evan Gappelberg expressed optimism about revenue growth as Toggle3D prepares for commercial launch.
Evan Gappelberg has acquired 2,753,933 common shares of Arway Corporation, representing approximately 10.3% of its total shares, effective October 25, 2022. Additionally, Nextech AR Solutions Corp. acquired 12,999,900 Arway Shares, totaling about 60% of all issued shares. The Arway Shares were purchased at a deemed price of $0.125 each, amounting to $1,624,988. Following the acquisition, Nextech holds approximately 48.8% of Arway's total shares. Both acquisitions are part of a plan involving an arrangement under British Columbia's Business Corporations Act.
Nextech AR Solutions Corp (OTCQB: NEXCF) will release Q3 2022 financial results on November 17, 2022, after market close. The company will host a conference call with CEO Evan Gappelberg and CFO Andrew Chan at 5:00 PM ET. Preliminary highlights show Q3 technology services revenue rose by 66% to approximately $920K, while 3D modeling revenue surged over 170% from the previous quarter. Total Q3 revenue is projected at $3 million with a gross profit of approximately $1.25 million.
Nextech AR Solutions Corp (OTCQB: NEXCF) has successfully completed the spin-out of ARway Corp, a no-code spatial computing platform for the metaverse, which is now trading on the Canadian Securities Exchange under the ticker ARWY. Nextech retains a stake of 13 million shares in ARway and will distribute 4 million shares to its shareholders as a stock dividend. ARway aims to capture a significant portion of the $44 billion indoor positioning market by 2025, leveraging its innovative approach to augmented reality wayfinding that requires no hardware installation.
Nextech AR Solutions Corp (OTCQB: NEXCF) announced that its ARway Spatial Computing technology is now integrated into Encore, a music app, enabling immersive concert experiences. This collaboration opens new revenue opportunities in the music industry, complementing the company's existing AR wayfinding revenue stream. The augmented reality market is projected to reach USD 137.14 Billion by 2028, with a CAGR of 57.21% from 2021 to 2028. Nextech also plans to spin out ARway as a standalone public company, with trading expected to commence on October 26, 2022.
Nextech AR Solutions (OTCQB:NEXCF) has announced significant upgrades to its ARway platform, a no-code spatial computing solution designed for the Metaverse. The upgrades are expected to enhance user experience and functionality. Additionally, Nextech AR has indicated that ARway will commence trading on the Canadian Securities Exchange (CSE) on October 26 under the ticker symbol ARWY. The CEO, Evan Gappelberg, discussed these advancements in an interview, emphasizing the strategic importance of these developments for the company’s growth and position in the market.
Nextech AR Solutions Corp (OTCQB: NEXCF) announced major upgrades to its ARway platform, a no-code spatial computing solution. The ARway IPO is set for October 26, 2022, on the Canadian Securities Exchange. Key improvements include enhanced QR code tracking, user-friendly deep links for launching AR experiences, and new analytics tools for location intelligence. Nextech will retain 13 million shares in ARway and distribute 4 million as dividends to its shareholders. CEO Evan Gappelberg expressed excitement about the company's advancements and growing enterprise interest.
Nextech AR Solutions Corp. (OTCQB:NEXCF) has secured its largest purchase order to date, valued at $6.7 million, from a NASDAQ 100 technology company for 3D models to be delivered in 2023. This follows a $700,000 order, bringing total new orders to $7.4 million. The company reported significant growth in 3D model production and revenue, with increases of 110% and 170%, respectively. Additionally, Nextech plans to spin out its ARway platform, distributing four million shares of the new subsidiary to shareholders, with conditional approval for listing on the CSE.
Nextech AR Solutions Corp. (OTCQB:NEXCF) has achieved its largest purchase order to date, valued at $6.7 million, for 3D models from a NASDAQ 100 Technology Company. This order is part of a total of $7.4 million in new orders, including a recent $700,000 order for delivery in Q4 2022. The company reported significant growth with 3D model production and revenue increasing 110% and 170% quarter over quarter. Shareholders approved the spinout of the ARway platform, which is set to list under the symbol ARWY.