Nextech3D AI Stock Price, News & Analysis

Nextech AR (CSE:NTAR) (OTCQB:NEXCF) has signed multiple CAD to POLY deals with notable companies including Brunswick Corporation, Jacuzzi Brands LLC, and Ford Motor Company. This validates its ARitize CAD technology, which converts large CAD files into lightweight 3D models, potentially transforming the manufacturing sector. The CAD-Poly technology is touted as a cost-effective solution available at scale. The announcement comes amid a series of interviews from The Market Herald, which highlights the significance of these developments for investors.

Nextech AR Solutions Corp (OTCQB: NEXCF, NEO: NTAR) announces multiple CAD to POLY deals across various industries, including partnerships with Ford (NYSE: F), Brunswick Corporation (NYSE: BC), and Jacuzzi Brands. This collaboration validates their ARitize CAD technology, allowing efficient conversion of large CAD files into lightweight 3D models. With the global CAD market projected to reach $11 billion by 2023, Nextech aims to capitalize on the demand for 3D models, enhancing engagement in the metaverse and potentially driving higher sales.

Nextech AR Solutions (CSE:NTAR)(OTCQB:NEXCF) has announced the signing of multiple augmented reality (AR) ecommerce deals across various industries. Utilizing its AI-driven 3D model factory, ARitize 3D, the company aims to broaden its ecommerce services into sectors like winter sports, specialized furniture, eyewear, and more. CEO Evan Gappelberg discussed these developments in an interview, underscoring the company’s commitment to expanding its market presence. This move highlights Nextech's innovative approach in the AR space, positioning it for future growth.

Nextech AR Solutions Corp (OTCQB: NEXCF) has announced the signing of multiple AR ecommerce contracts across various industries, leveraging its AI-powered ARitize 3D model factory. The company has gained over 60 new accounts since its launch in October, indicating a growing demand for 3D models. Nextech is expanding into specialty markets, including winter sports equipment and ultra-specialized furniture, providing immersive shopping experiences that lead to higher conversion rates. CEO Evan Gappelberg anticipates 2022 as a breakout year for 3D technology adoption.

Nextech AR Solutions Corp. recently announced that CEO Evan Gappelberg has purchased 50,310 shares in the open market, increasing his total ownership to 10,099,589 common shares. This acquisition occurred at an average price of $1.00 USD per share. In addition, the company updated its revenue forecast for fiscal 2021, projecting approximately $26 million due to contract delays. Nextech is transitioning to a SaaS model for its AR products and anticipates significant revenue changes, particularly with the growing AR and technology services sector.

Nextech AR Solutions Corp. (OTCQB: NEXCF) has secured a multi-year deal with Restaurants Canada, the nation's largest foodservice organization, enhancing its virtual events business. This partnership will create a Metaverse Marketplace featuring 3D AR booths and holograms, allowing over 30,000 members to connect. Following the success of the virtual RC Show 2021, this initiative aims to set a new standard in the foodservice industry. CEO Evan Gappelberg highlighted the opportunity for significant revenue growth as demand for virtual platforms rises amid the Omicron variant.

Nextech AR Solutions Corp (OTCQB: NEXCF) has announced a livestream event on December 21, 2021, to present its new 3D virtual events platform, ARitize Events 3D, and discuss the ongoing impact of the pandemic on virtual events. The event will feature insights from CEO Evan Gappelberg, COO Eugen Winschel, and President Paul Duffy. As the company continues to see growth due to the pandemic, it highlights the competitive edge of its innovative AR technology, allowing immersive experiences like 3D virtual sets and human holograms. Registration is available online.

Nextech AR Solutions Corp (OTCQB: NEXCF) announced that CEO Evan Gappelberg will present the company's Metaverse solutions at the 'Metaverse Platforms & Avatars' virtual event on December 17, 2021. This event, hosted by the VR/AR Association, brings together top companies including Google and Microsoft. Nextech is positioned as a leading provider of augmented reality technologies, showcasing its ARitize Metaverse Studio, which allows users to create and manage AR environments. The company is uniquely positioned to capitalize on the burgeoning Metaverse economy.

Nextech AR Solutions Corp (OTCQB: NEXCF) announced a new integration with Stripe that is projected to add $760,000 in annual revenue through a 2% platform fee on booth sales for virtual and hybrid events. In 2021, Nextech facilitated approximately $38 million in booth sales, which previously went entirely to event hosts. This new revenue model will allow Nextech to participate financially in future sales. Although the company anticipates similar performance for 2022, it cannot guarantee revenue consistency.