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 that Ryerson University has ordered 35 augmented reality labs for its biology, chemistry, and biochemistry departments. This addition will bolster Ryerson's AR immersive learning program, making it one of the largest globally. These new labs complement the 50 labs developed in the previous school year and will enhance the AR Lab Builder Program in partnership with the Ontario government. The labs offer innovative learning modules and are designed to provide students with real-time feedback and engage them in complex scientific concepts.
Nextech AR Solutions Corp. (OTCQB: NEXCF) has closed a deal worth approximately $185,000 with FENEX for the fenestration industry's first virtual exhibition platform using Nextech’s LiveX technology. The event is expected to attract over 30,000 attendees in the home improvement sector. This partnership aims to enhance the digital marketplace experience for builders and consumers, promoting augmented reality product interactions and improving business opportunities.
Nextech AR Solutions (NEXCF) is set to release its Q2 2021 financial results after market close on August 11, 2021. A conference call is scheduled for August 12 at 1:00 p.m. ET, featuring CEO Evan Gappelberg and CFO Andrew Chan, which will include a discussion on the financial results followed by a Q&A session. The company focuses on augmented reality platforms and derives most of its revenue from e-commerce platforms, including vacuumcleanermarket.com and infinitepetlife.com. An updated corporate presentation is now available on Nextech's website.
Nextech AR Solutions (OTCQB: NEXCF) announces plans for an NFT hologram creator platform, expected to launch in Q3. This platform will enable customers to purchase and interact with AR digital collectibles. The NFT market surged to $2.5 billion in sales this year, indicative of growing demand. Nextech's platform will initially involve purchases through third-party marketplaces before transitioning to in-house transactions. The integration of Threedy.AI technology will enhance NFT capabilities by creating AR NFTs at scale. The digital human economy is predicted to reach $125 billion by 2035.
Nextech AR Solutions Corp. (OTCQB: NEXCF) announces a live investor presentation featuring CEO Evan Gappelberg and President Paul Duffy. Scheduled for July 20, 2021, at 11:30 AM ET, the presentation will discuss the impact of the Threedy.ai acquisition on the company's future. Nextech develops AR platforms for diverse applications, including e-commerce and virtual events, though its primary revenue currently comes from three e-commerce sites: vacuumcleanermarket.com, infinitepetlife.com, and Trulyfesupplements.com.
Nextech AR Solutions Corp. (OTCQB:NEXCF) announces CEO Evan Gappelberg will present at the Jefferies Software Conference on September 14-15, 2021. The conference will showcase leading software companies and feature presentations, panels, and one-on-one meetings aimed at evaluating investment opportunities and market trends. Nextech specializes in Augmented Reality solutions, which enhance e-commerce and virtual events. Their revenue mainly comes from e-commerce platforms including vacuumcleanermarket.com, infinitepetlife.com, and Trulyfesupplements.com.
Nextech AR Solutions Corp. (OTCQB: NEXCF) announced that CEO Evan Gappelberg will present live at VirtualInvestorConferences.com on August 5th, 2021, at 9:30 AM ET. The event allows investors to engage and ask real-time questions. An archived webcast will be available for those unable to attend live. Recent highlights include the incorporation of a Singapore subsidiary, a $14 million bought deal, and the acquisition of Threedy.ai for $9.5 million. For more details, visit Nextech's website.
Nextech AR Solutions Corp. (OTCQB: NEXCF) announced that its acquired Map Dynamics platform generated approximately $500,000 in revenue since acquisition. Recognized as the “Supporting Associate Organization of the Year” by the Florida Society of Association Executives, Map Dynamics services nearly 700 associations connected to thousands of businesses. CEO Evan Gappelberg highlighted significant growth opportunities in the AR sector, with access to nearly 100,000 industry associations in North America, aiming to educate them about AR solutions benefiting their members.
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Nextech AR Solutions Corp. has completed the acquisition of Threedy.ai, Inc., a 3D AI modeling company, for US$9.5 million. The acquisition aligns with Nextech's strategy to develop an integrated AR/AI enabled platform targeted at e-commerce clients. Upon closing, Nextech issued 3,877,551 common shares valued at US$2.45 each, subject to trading restrictions for up to 23 months. This acquisition aims to enhance Nextech's capabilities in creating scalable 3D models rapidly for its customers.