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. (NEXCF) has acquired Threedy.ai, Inc., an AI company based in Silicon Valley, for US$9.5 million in an all-stock deal. The acquisition is set to close on or about June 25, 2021. This strategic move aims to enhance Nextech's augmented reality platform by integrating Threedy's AI-driven 3D model creation technology, allowing users to transform 2D images into AR-enabled 3D models quickly. This innovation is projected to significantly improve e-commerce experiences and scalability for retailers.
Nextech AR Solutions Corp. (CSE: NTAR) (OTCQB: NEXCF) highlighted its position in the rapidly expanding $106 billion EdTech market through a recent broadcast. With remote learning evolving, the integration of augmented reality (AR) is set to enhance educational experiences. The global AR market is projected to grow at a 43.8% CAGR, reaching $340.2 billion by 2028. Nextech is actively involved in AR development, catering to notable clients like Budweiser and IBM, while generating revenue from its e-commerce platforms.
Nextech AR Solutions Corp. (CSE: NTAR) (OTCQB: NEXCF) has been featured in an editorial by NetworkNewsWire, discussing the growing $106 billion edtech market. The COVID-19 pandemic accelerated digital transformation in education, highlighting a sustained demand for edtech solutions. Nextech collaborates with Microsoft to enhance higher education experiences through augmented reality. While the company specializes in AR platforms, a significant portion of its revenue comes from e-commerce ventures, including VacuumCleanerMarket.com, InfinitePetLife.com, and TruLyfeSupplements.com.
Nextech AR Solutions Corp. (OTCQB: NEXCF) has launched an exclusive early access program for 100 users to create and share human holograms as part of its HoloX development. This program aims to enhance AR applications in diverse areas such as dating, virtual support, and marketing. The company anticipates a full HoloX release in Q3 2021. The innovative technology is expected to generate significant market interest, with Gartner predicting the digital human economy could be worth $125 billion by 2035.
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.