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 (CSE:NTAR, OTCQB:NEXCF) has secured a significant purchase order for 7,500 3D models from an enterprise customer. This multi-year deal is expected to generate additional orders. CEO Evan Gappelberg emphasized the favorable implications for the company's growth and market position. Concurrently, Psyence Group announced the approval of its Phase IIa clinical trial, while Eloro Resources and Baselode Energy reported promising project developments, showcasing a robust news cycle for the companies featured.
Nextech AR Solutions Corp (OTCQB: NEXCF) has reported a substantial surge in demand for its 3D modelling and augmented reality solutions within the e-commerce industry. The company received a significant purchase order for 7,500 3D models, with over 50% already delivered. This order reflects Nextech's pivotal role in the $5 trillion e-commerce sector's transition to Web3.0, with CEO Evan Gappelberg highlighting that implementing 3D/AR technology can lead to a 93% increase in click-through rates and a 40% reduction in product returns, reinforcing Nextech's growth momentum.
Nextech AR Solutions Corp (NEXCF) announced a significant purchase order for 7,500 3D models, with over 50% already delivered. This order demonstrates Nextech's leadership in AR and 3D modeling for the e-commerce sector, projected to transform a $5 trillion industry. The CEO highlighted the exponential ROI from 3D/AR adoption, with increases in CTR by 93% and conversions by 250%. Nextech is engaged in additional negotiations for larger enterprise deals, setting the stage for record revenue growth. The global demand for 3D models is expected to grow from $3.8 billion in 2020 to $7.6 billion by 2025.
Nextech AR Solutions has announced a significant update on its CSE listing, confirming conditional approval for the spin-off of its augmented reality platform, ARway, under the symbol ARWY. This move is seen as a pivotal step in enhancing Nextech AR's market presence and shareholder value. CEO Evan Gappelberg emphasized the strategic importance of this transition in an interview. The move represents a commitment to advance its AR offerings, indicating potential growth avenues for both NEXCF and its stakeholders.
Nextech AR Solutions Corp (OTCQB: NEXCF) has announced the upcoming spin-off of ARway, a no-code platform for indoor navigation. Conditional approval has been received for listing on the Canadian Securities Exchange under the symbol ARWY, with trading expected to start in October 2022. Shareholders will receive a total of 4 million shares in ARway, positioning it as a publicly traded pure play in spatial computing. Additionally, the company is transitioning to QR codes for improved user experience, accuracy, and scalability, while adopting LiDAR technology for high-quality spatial mapping.
Nextech AR Solutions Corp. (OTCQB: NEXCF) has appointed Melea Guilbault as the new CEO of its subsidiary, Map D. This strategic move aims to accelerate sales growth, unify AR and 3D technologies, and enhance the event management platform's offerings. Guilbault, with over 30 years of experience, previously served as Senior VP at Community Brands, where she significantly contributed to revenue growth. Map D is positioned as a leading self-serve event tech platform, providing comprehensive tools for managing diverse events, integrating advanced AR features.
Nextech AR Solutions Corp (OTCQB: NEXCF) announced CEO Evan Gappelberg's upcoming presentation at the Emerging Growth Conference on September 14, 2022. The presentation will focus on the company's 3D modeling for eCommerce and the spatial mapping technology ARway. Investors, analysts, and advisors are invited to attend, with the session available via webcast. Recent highlights include adopting LiDAR technology, reporting record growth in 3D modeling, and multiple new contracts. For more information, visit the company's website.
Nextech AR Solutions Corp (OTCQB: NEXCF) announced that CEO Evan Gappelberg will present at the H.C. Wainwright Global Investment Conference, scheduled for September 12-14, 2022, in New York City. The presentation will be available on demand starting at 7:00 a.m. EST on September 12. Gappelberg will also engage in virtual one-on-one meetings during the event. Highlights include Nextech's adoption of LiDAR technology for its ARway platform, reporting record growth in 3D modeling services, and the planned spin-out of ARway as a standalone public company, expected to begin trading in October 2022.
Nextech AR Solutions Corp (OTCQB: NEXCF) is set to showcase its ARway platform at the Future Festival in Toronto from September 27-29, 2022. This platform allows users to create interactive AR experiences and is a key revenue driver, with the indoor positioning market projected to reach $23.6 billion by 2025. Additionally, Nextech is spinning out ARway as a standalone public entity, with shareholders entitled to 4 million shares. Their technology has already been utilized effectively in significant events, enhancing engagement.
Nextech AR Solutions (OTCQB:NEXCF) is adopting LiDAR technology for its spatial mapping platform, ARway, enhancing its metaverse capabilities. This progression represents a shift towards creating hyper-accurate meshes, crucial for advanced augmented reality applications. CEO Evan Gappelberg discussed the implications of this technology adoption during a recent interview. The move is expected to strengthen Nextech AR's position in the competitive metaverse landscape.