Nextech3D.ai Corp. develops AI and machine-learning software for event technology, digital commerce, and spatial computing. Its updates center on enterprise event platforms, including Eventdex, Map D/Map Dynamics and Krafty Labs, as well as AI-driven event intelligence, automation, computer vision, 3D modeling, digital twins and ARitize3D product visualization.
Company news also covers platform monetization and integrations such as hotel booking, blockchain-based ticketing, custodial wallets and fiat checkout, along with enterprise contracts, operating-efficiency initiatives, auditor changes and insider ownership activity.
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.
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.