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 (CSE:NTAR)(OTCQB:NEXCF) has secured its largest purchase order of $6.7 million from a Nasdaq 100 technology firm. This order involves the supply of 3D models set for delivery in 2023. CEO Evan Gappelberg highlighted the significance of this contract in a recent interview, emphasizing its potential impact on the company's revenue growth. The announcement is part of a broader news release featuring multiple companies, enhancing visibility for NEXCF within the evolving AR and tech landscape.
Nextech AR Solutions Corp (OTCQB: NEXCF) has announced a record order of $6.7 million for 3D models from a NASDAQ 100 technology company, marking its largest single purchaser order to date. This order, coupled with a previously reported $700,000 order, brings total new orders to $7.4 million. The company expects significant growth in its 3D modeling business, fueled by demand in the $5.5 trillion e-commerce industry. CEO Evan Gappelberg highlighted the shift from 2D to 3D models as a transformative opportunity for e-commerce.
Nextech AR Solutions Corp (OTCQB: NEXCF) announced shareholder approval on October 12, 2022, for a plan to spin out its ARway platform to a subsidiary, 1000259749 Ontario Inc. The Arrangement will provide Nextech with 16 million common shares of ARway and distribute 4 million shares to shareholders on a pro-rata basis. The ARway platform offers no-code spatial computing and augmented reality wayfinding solutions. The initiative is part of Nextech's strategy to enhance its presence in the metaverse and leverage its eCommerce platforms for growth.
Nextech AR Solutions Corp (OTCQB: NEXCF) announced a substantial $700,000 order for 3D models to be delivered in Q4 2022. Additionally, the company's Q3 results revealed a significant 110% increase in 3D model production and a 170% boost in revenue compared to Q2 2022. The total revenue for Q3 reached approximately $3 million with a gross profit of $1.25 million. The company's technology services revenue was up 66% from Q2, showing strong demand for its offerings as it ramps up production to meet increasing market demand.
Nextech AR Solutions Corp (OTCQB: NEXCF) has announced the successful closing of various 3D modeling deals for e-commerce, leading to a significant increase in annual recurring revenue (ARR) and monthly recurring revenue (MRR). The company reports a strong demand for its AI-powered ARitize 3D technologies, with a projected total addressable market of $100 billion. Notable contracts have been secured across sectors including clothing, electronics, and sports equipment. The company's Map D software is also gaining traction in the event management sector, with numerous new contracts.
Nextech AR Solutions Corp (NEXCF) announced that CEO Evan Gappelberg will present at the Emerging Growth Conference on October 12, 2022. The presentation focuses on the company's advancements in 3D modelling for eCommerce and its ARway platform. The event aims to attract institutional and individual investors, with webcasting available for those who register. Recent highlights include a 110% jump in 3D model production in Q3 and significant upgrades to their e-commerce SaaS platform, ARitize Decorator.
Nextech AR Solutions reported a remarkable 110% increase in 3D model production in Q3 2022, producing 5,667 models for e-commerce. This growth reflects a surge in demand for their innovative technology. CEO Evan Gappelberg shared insights in an interview, highlighting their commitment to expanding capabilities. Additionally, the report mentions Trillion Energy is fully funded for a 17 well development program in Europe, aiming to boost natural gas production.
Nextech AR Solutions Corp (OTCQB: NEXCF) reported a significant increase in 3D model production, achieving over a 110% rise from Q2 2022 to Q3 2022. In Q3, the Company produced 5,667 models, with plans to create over 2,800 additional models in October, marking substantial growth. CEO Evan Gappelberg highlighted the positive impact of their partnership with Amazon, predicting a 'snowball' effect on revenue in 2023 due to ongoing demand for their 3D/AR solutions, which enhance e-commerce experiences and reduce product returns.
Nextech AR Solutions Corp (OTCQB: NEXCF) will present live at VirtualInvestorConferences.com on October 6, 2022, at 4 PM EST. CEO Evan Gappelberg will showcase the disruptive ARway platform and 3D model services, which have attracted clients like Kohls and NAPA Autoparts. Investors are encouraged to participate in real-time Q&A or view an archived webcast afterward. Pre-registration is recommended for a smoother experience. For further information, visit www.virtualinvestorconferences.com.
Nextech AR Solutions Corp (NEXCF) has announced significant upgrades to its SaaS product, ARitize Decorator, enhancing the e-commerce experience. Key features introduced include a Magic Eraser for product replacement, a Colour Changer for room personalization, and the ability to overlap multiple 3D models. These innovations aim to boost buyer confidence through true-to-scale visualizations. Additionally, CEO Evan Gappelberg received shares valued at CAD 264,962.91 as part of a related party transaction. This modernization aligns with the growing interior design software market, projected to reach $6.87 billion by 2028.