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 Corp (OTCQB: NEXCF) announced the appointment of Marcum LLP as its new independent auditor, effective September 29, 2021, following the resignation of DMCL LLP at the company's request. Marcum, a leading firm with over 65 years of experience, is expected to align Nextech more closely with Nasdaq-listed technology companies. The company reported no opinion modifications from DMCL on its financial statements in the past two years. Nextech will complete the change of auditors as per regulatory requirements and will update investors accordingly.
Nextech AR Solutions Corp (NEXCF) announces significant growth in the augmented reality sector, reporting a 130% revenue increase to $13.8 million in the first half of 2021. The company is set to launch an eCommerce SaaS platform shortly and has outlined plans for additional platforms in the education and metaverse sectors. Key acquisitions in 2021, including Threedy.ai and ARway, are expected to enhance product offerings. The company is also focused on transitioning to a SaaS model, aiming to drive recurring revenue, with a cash position of $15.4 million as of June 30, 2021.
Nextech AR Solutions Corp (OTCQB: NEXCF) has launched its innovative CAD to POLY solution, aimed at transforming CAD files into optimized 3D meshes for AR applications. This advancement positions Nextech to capitalize on the $11 billion CAD market. A provisional patent has been filed, enhancing scalability for their ecommerce 3D models. The company plans to offer this CAD to POLY technology as a SaaS product in 2022, which is already in use by select customers. Key players in the CAD market, including Dassault Systemes and Autodesk, have been identified as potential clients.
Nextech AR Solutions Corp. (OTCQB: NEXCF) announces the upcoming launch of its self-service AR for ecommerce SaaS platform, set for early October 2021. The platform aims to democratize AR technology for both large and small ecommerce sites, providing an affordable option for enhanced customer experiences. Major retailers like Kohls and K-Mart Australia already utilize Nextech's AR technology, contributing to over 330,000 AR experiences served last month alone. This SaaS model is expected to create thousands of 3D models weekly, catering to the growing demand for AR in ecommerce.
Nextech AR Solutions Corp. has appointed Bradley Gittings as the new Vice President of Investor Relations. With over twenty years of experience, he plans to enhance investor communications as the company expands its reach. Gittings previously co-founded Agama Partners and has significant industry experience, including working with major financial institutions. Nextech aims to establish an institutional-class IR program to better engage with investors. The company also granted 60,000 stock options at $2.14 per share to employees and consultants, highlighting a commitment to growth.
Nextech AR Solutions Corp has expanded its partnership with Kohls to scale up WebAR for e-commerce, creating thousands of new 3D models to enhance the customer experience. This collaboration began with Kohls' recognition of Threedy.ai as a preferred option for integrating AR into their offerings. The extensive testing conducted through Kohls' Innovation Center validated the return on investment. This move positions Kohls' products to be featured in Google's 3D AR Search Program, allowing customers to engage with products dynamically.
Nextech AR Solutions Corp has expanded its partnership with Kohls to scale up WebAR for Ecommerce, producing thousands of new 3D models. This development aims to enhance the AR shopping experience for Kohls' customers, allowing them to interact with products within any backdrop. Kohls' selection of Threedy.ai for this initiative promises ROI by boosting customer engagement and reducing return rates. Furthermore, Nextech's recent inclusion in Google's 3D AR Search Program will enhance visibility for Kohls' products in search results, leveraging AR technology to improve e-commerce.
Nextech AR Solutions Corp (OTCQB: NEXCF) has finalized its acquisition of U.K.-based ARWAY Ltd., enhancing its augmented reality capabilities with cutting-edge 3D mapping technology. The all-stock deal allows Nextech to develop 'mini-metaverses', targeting significant market opportunities. The acquisition will see key ARWAY founders join Nextech’s team, strengthening leadership in spatial computing. Following the deal, Nextech issued 609,666 shares at CAD$2.06 each, subject to trading restrictions for up to 23 months. This strategic move positions Nextech for growth in the evolving metaverse market.
Nextech AR Solutions Corp. (OTCQB: NEXCF) announces its partnership with Google as an early access provider for the Google 3D AR Search Program. This collaboration allows current Threedy.ai customers, including major retailers like Kohl’s and Pier 1, exclusive access to 3D models featured in Google's search results. This move is expected to enhance product visibility and customer engagement through augmented reality experiences. With Google processing over 3.5 billion searches daily, Nextech aims to leverage this significant market reach through its AI-powered 3D model creation platform.
NexTech AR Solutions Corp. (OTCQB:NEXCF) announced the advancement of its ad technology, integrating with SNAP, Facebook, and Instagram, expanding its 3D/AR advertising capabilities beyond Google. This strategic move positions NexTech to access a vast audience, leveraging SNAP's 293 million, Instagram's 500 million, and Facebook's 1.9 billion daily active users. CEO Evan Gappelberg emphasized readiness to capitalize on the growing AR advertising market, projecting mobile AR revenue to reach $21.02 billion by 2024.