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. 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 (OTCQB: NEXCF) will present live at VirtualInvestorConferences.com on November 4, 2021, at 9:00 AM ET. Investors can ask questions in real-time during this interactive online event. Those unable to attend can access an archived version later. Pre-registration is recommended for a smoother experience. Recent highlights include partnerships with Asian e-commerce aggregators and technology chosen by the City of London for a metaverse launch.
Nextech AR Solutions Corp. (OTCQB: NEXCF) announced a private placement to raise approximately CAD$5 million by issuing 3,030,304 Common Shares and Warrants. The shares will be sold at CAD$1.65 each, with warrants exercisable at CAD$1.92 for three years. Proceeds will support working capital and strategic acquisitions. The deal is expected to close around November 3, 2021. H.C. Wainwright & Co. is the exclusive placement agent. No securities are offered to Canadian residents.
Nextech AR Solutions Corp (OTCQB: NEXCF) has appointed Stockhouse.com, Canada’s largest financial portal, to enhance its market visibility. Stockhouse attracts over 1 million unique visitors monthly, making it a prominent platform for investors. In exchange for marketing services valued at $130,000, Nextech will issue 69,518 common shares at a price of $1.87 each, subject to a hold period until March 1, 2022. While Nextech primarily develops AR technologies, it generates most revenue through three e-commerce platforms focused on home appliances and supplements.
Datametrex has secured a $950K contract with Samsung, Shinhan Financial Group, and Lotte for their A.I. task automation system, JobMind, aimed at optimizing banking operations. CEO Marshall Gunter provided insights on this partnership, marking a significant business development for the company. Other companies featured include Nextech AR, highlighting its new e-commerce partnerships, i3 Energy PLC with its Q3 updates, and Aquarius AI, which has partnered with Luxor Technology for mining services. These developments are vital for shareholders and market observers.
Nextech AR Solutions Corp is expanding its 3D AR model creation into Asia, the world's largest B2C ecommerce market. Partnering with 13 ecommerce aggregators, it targets approximately 400,000 sites. With the Southeast Asia market projected to reach 380 million online shoppers by 2026, Nextech aims to leverage its Threedy.ai technology to enhance model creation at scale. CEO Evan Gappelberg anticipates significant revenue opportunities from these partnerships, further positioning Nextech in the rapidly growing AR sector for ecommerce.
Nextech AR Solutions Corp (OTCQB: NEXCF) has changed its auditor from DMCL LLP to Marcum LLP, effective September 29, 2021. This transition aims to align better with its goals of listing on a U.S. exchange. There were no modifications in the Former Auditor's reports over the past two years, and no reportable events occurred between the Company and the Former Auditor. Additionally, Nextech's CEO and President took restricted shares in lieu of cash for services rendered, amounting to CAD 81,511 for 42,676 common shares at a deemed price of $1.91 CAD per share.
Nextech AR Solutions (OTCQB:NEXCF) has launched its innovative 'mini-metaverse' in London, establishing a key partnership with the City of London, which becomes its first paying customer. CEO Evan Gappelberg highlighted the significance of this launch, signaling a transformative moment in augmented reality technology. The company aims to broaden its reach within the metaverse sector, leveraging its platform to enhance user experiences. This development marks a notable step forward for Nextech AR in the rapidly growing digital landscape.
Nextech AR Solutions Corp (OTCQB: NEXCF) has launched a 'mini-metaverse' at Harmony at London Wall Place, utilizing its ARway spatial mapping technology. This development follows its acquisition of ARway, enhancing its capabilities in creating location-based 3D maps for augmented reality experiences. The project, co-commissioned by Culture Mile and Brookfield Properties, showcases AR artworks linked to the Guildhall School of Music & Drama and the London Symphony Orchestra. CEO Evan Gappelberg emphasized the potential for revenue generation and the advancement of their metaverse strategy.
Nextech AR Solutions Corp (OTCQB: NEXCF) has launched a mini-metaverse named “Harmony at London Wall Place” in the City of London, utilizing its ARway spatial mapping technology. This initiative follows the recent acquisition of ARway, enhancing Nextech's capabilities in creating accurate 3D mapping for augmented reality applications. CEO Evan Gappelberg emphasized the revenue-generating potential of this technology in various sectors, including e-commerce and education. A study predicts that by 2025, 75% of the global population will be frequent AR users, indicating significant growth opportunity.
Nextech AR Solutions Corp (OTCQB: NEXCF) has launched its new product, 3D Rooms, which enhances its Augmented Reality suite for ecommerce. This technology allows customers to visualize home furnishings in their own space using a simple 2D photo. The company aims to capture market share in AR by providing scalable 3D modeling capabilities through AI and machine learning. A notable contract has been secured with Lighting Plus in New Zealand to convert over 300 SKUs into AR models. This move marks a strategic addition to Nextech's revenue streams and reinforces its commitment to AR in retail.