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 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.
Nextech AR Solutions Corp (OTCQB: NEXCF) has announced an exclusive fireside chat featuring CEO Evan Gappelberg and analyst Lisa Thompson from Zacks Small Cap Research. The discussion highlights the company's ramp-up of 3D modeling for eCommerce, the impending spin-out of its ARway business, and the launch of its Toggle3D platform. By transitioning to a pure-play 3D model service and targeting the rapidly growing AR market, Nextech aims to capitalize on a sector projected to grow at nearly 300% annually. The fireside chat and further insights can be accessed through provided links.
Nextech AR Solutions has launched Toggle3D, an innovative AI-powered SaaS platform designed for the creation and deployment of 3D models at scale. This new technology aims to enhance efficiency in design and configuration processes. CEO Evan Gappelberg discussed the launch, highlighting its potential impact on various industries. The platform is expected to cater to a growing demand for 3D modeling solutions, marking a significant step forward in Nextech's business strategy.
Nextech AR Solutions Corp (OTCQB: NEXCF) has launched Toggle3D, an AI-powered SaaS platform for creating and deploying 3D models at scale. This groundbreaking platform is designed for product designers, marketers, and eCommerce professionals, allowing them to convert CAD files into lightweight 3D models without technical expertise.
The CAD market is valued at $11 billion by 2023, indicating significant growth potential. Toggle3D aims to address industry needs by providing high-quality, photorealistic models for various sectors including automotive, aerospace, and healthcare.
Nextech AR Solutions Corp. (OTCQB:NEXCF) has received a purchase order for 7,500 3D models, with over 50% already delivered. The remaining models are expected to be completed early in Q4 2022. The company's ARitize 3D technology uses AI to create high-quality 3D and Augmented Reality experiences, significantly enhancing customer engagement. The market for 3D models is projected to grow from $4.48 billion in 2021 to $12.13 billion by 2028, with a CAGR of 15.5%. The shares are currently trading at $0.82.