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) has been awarded up to $150,000 from eCampusOntario for developing augmented reality (AR) learning experiences in partnership with Ryerson University. This funding aims to enhance post-secondary education through the RALE 2.0 platform, which focuses on improving student engagement and technology adoption. CEO Evan Gappelberg highlighted the initiative's importance in transforming higher education, especially in a post-COVID-19 landscape. The project extends Nextech's collaboration with educational institutions to innovate learning solutions.
Nextech AR Solutions Corp. (NEXCF) announces its EdTechX platform has achieved Co-sell Ready status with Microsoft. This partnership allows Nextech to leverage Microsoft's global sales teams to enhance customer outreach. The EdTechX solution transforms educational experiences through augmented reality and is discoverable on the Azure marketplace across 141 locations. Notable institutions like Ryerson University have adopted this technology. CEO Evan Gappelberg emphasized the scaling opportunities presented by this milestone, envisioning a significant role for AR in education.
Nextech AR Solutions Corp. (OTCQB: NEXCF) will present virtually at the LD Micro Invitational XI on June 8, 2021, at 5:00 PM ET. The event is part of a three-day investor conference featuring around 180 companies. The AR market is projected to grow from USD $10.7B in 2019 to USD $72.7B by 2024, with a CAGR of 46.6%. The company's AR platforms enhance e-commerce and digital experiences, including hybrid events and training. Interested viewers can register for the event HERE.
Nextech AR Solutions Corp. (OTCQB:NEXCF) has launched EdTechX on the LiveX platform, built on Microsoft Azure, to digitally transform education for institutions. This solution facilitates video streaming, augmented reality, and analytics, successfully adopted by Ryerson University and Carnegie Mellon University. EdTechX's features include poster sessions, career fairs, convocations, and virtual learning labs. CEO Evan Gappelberg notes that the pandemic has accelerated the need for digital education. Microsoft's Nancy Teodoro emphasizes the importance of immersive technologies for enhancing student engagement.
Nextech AR Solutions Corp. has announced the appointment of Andrew Chan as the new Chief Financial Officer. With over 20 years of experience in finance and accounting, particularly in the technology sector, Chan will lead the company's financial operations and strategic direction. The company also appointed Paul Moon as Vice President of Investor Relations. Additionally, 385,000 stock options were granted to employees and consultants at a price of $2.56 per share, vesting over three years. These leadership changes aim to bolster Nextech's growth strategy in augmented reality solutions.
Nextech AR Solutions Corp. has appointed Andrew Chan as its new Chief Financial Officer. Chan brings over 20 years of experience in finance, accounting, and business analytics, particularly in the technology and financial services sectors. His role aims to strengthen internal relationships and enhance the company's financial operations. Additionally, Paul Moon has been appointed Vice President of Investor Relations. The company granted 385,000 stock options at a price of $2.56 per share, demonstrating a commitment to incentivizing performance.
Nextech AR Solutions (OTCQB: NEXCF) announced that CEO Evan Gappelberg exercised warrants to acquire 262,744 shares, bringing his total ownership to 9,861,510 shares. Gappelberg expressed confidence in the company's growth prospects, emphasizing that the current share price does not reflect its potential. The company has been expanding its customer base with significant orders from organizations like Bell Canada and UNESCO, and sees opportunities for cross-selling its augmented reality solutions across various markets.
Nextech AR Solutions Corp. announces significant changes to its Board of Directors and management team. Chief Financial Officer Kashif Malik resigns, with Eugen Winschel stepping in as interim CFO while a permanent replacement is sought. Paul Duffy, formerly President, is now the Chairman of the Board. The company aims to advance its augmented reality portfolio amidst expectations of reaching C$50 million in revenue this year, particularly benefiting from a stronger second half performance. Other key appointments include Chris Burton as EVP of Global Sales and Chetwyn Rodrigo as SVP of Platform Development.
Nextech AR Solutions Corp. (OTCQB: NEXCF) has launched its Digital Experience Platform, LiveX, designed to enhance customer experiences through Augmented Reality (AR) innovations. Key features include AR livestreaming holograms, real-time analytics, and NFT technology integration. Nextech will host the 'LiveNow' event on June 29, 2021, featuring Gary Vaynerchuk discussing digital transformation. Additionally, 935,000 stock options have been granted to employees at a price of $2.59 per share, reflecting the company's commitment to growth and innovation in the AR space.
Nextech AR Solutions (OTCQB: NEXCF) has signed a binding letter of intent with Threedy.ai Inc. to acquire all outstanding shares, enhancing its capabilities in 3D model creation.
Threedy, based in Silicon Valley, specializes in AI technologies that automate the production of high-quality 3D models from 2D images, currently serving clients like Walmart and Wayfair.
This acquisition aims to address the bottleneck in 3D content generation, supporting Nextech's strategy to capture the growing AR market.