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 (NEXCF) is described in its public communications as an AI-first technology company focused on event technology, 3D modeling, and spatial computing. Company news highlights that Nextech3D.ai delivers AI-powered live event solutions and AI Event Solutions for virtual, hybrid, and in-person experiences through platforms such as Map D, Eventdex, and Krafty Labs.
The news flow around Nextech3D.ai frequently covers developments in its unified event-technology ecosystem. Examples include integration milestones between Eventdex and Map D, expansion of AI matchmaking capabilities, and production milestones for interactive floor plans. Releases also discuss blockchain-powered ticketing and accreditation, as well as enhancements to mobile apps, registration, and exhibitor management within the event platform.
Recent announcements emphasize strategic transactions and platform expansion, including the acquisition of Krafty Labs, an AI-enabled experiential team-building and engagement platform serving global enterprise customers, and a definitive agreement to acquire all remaining shares of ARway, a no-code AR navigation provider. These items appear in company news alongside updates on insider investments through convertible notes and open market share purchases.
Investors and observers following NEXCF news can expect coverage of topics such as AI-powered event registration and ticketing, AI matchmaking performance, interactive floor plan production, experiential engagement offerings through Krafty Labs, and the integration of AR navigation and blockchain ticketing into the Nextech3D.ai stack. News items also describe how the company’s platforms support conferences, expos, corporate activations, learning programs, and enterprise engagement.
This news page aggregates these disclosures so readers can review Nextech3D.ai’s reported product developments, acquisitions, integrations, and capital markets updates in one place.
Nextech AR Solutions (NTAR, NEXCF) has announced that CEO Evan Gappelberg and the Global Sales Leadership Team will present at a Special Proactive Investors Livestream on January 21, 2021. Recent highlights include a renewal agreement with Poly worth $470,000, record Q4 bookings up 275% to $7.3 million, and a 235% increase in total bookings for the fiscal year, reaching $20.01 million. The company is expanding into the Asia-Pacific market and has appointed industry veteran Yau Boon Lim to lead this initiative.
Nextech AR Solutions (OTCQB: NEXCF, NEO: NTAR) has renewed its agreement with Poly for an initial value of $470,000 over six months, with potential for further revenue. CEO Evan Gappelberg aims for $50-60 million in revenue for 2021. Q4 2020 showed a record bookings increase of 275% to $7.3 million. The company launched new products, expanded into the Asia-Pacific, and achieved significant sales growth during Black Friday. It has also secured partnerships for various virtual events.
Nextech AR Solutions (OTCQB: NEXCF, NEO: NTAR, FSE: N29) announced a presentation by CEO Evan Gappelberg on January 14, 2021, at 11:30 AM EST, during a Proactive Investors Livestream. Gappelberg will discuss the AR industry trends and his vision for 2021. Joining him will be Hareesh Achi, former MSFT President, focusing on the new 3D AR ad network. The company issued 65,000 stock options at $5.80/share as part of its stock option plan. Nextech is a leader in augmented reality with significant growth potential in several verticals, including its virtual experience platform.
NexTech AR Solutions (OTCQB: NEXCF) has announced a virtual concert featuring Grammy-nominated artist Offset on October 16, 2020, hosted via its AiRShow app. This event allows fans to interact with performers appearing as human holograms using augmented reality (AR). Offset's music has sold over three million albums globally, and the concert aims to leverage the growing demand for virtual entertainment due to COVID-19. The AR entertainment sector is projected to grow significantly, with NexTech positioning itself as a leader in this emerging market.
NexTech AR Solutions (NEXCF) reports record preliminary results for Q3 2020, achieving total bookings of $6.7 million, surpassing all 2019 revenue of $6 million, and reflecting a 331% increase from Q3 2019. The company holds $16.3 million cash on hand and raised $13.2 million through an offering. Notable developments include hiring a new COO, doubling staff, and launching new partnerships while expanding into various sectors, including eCommerce and video conferencing. Demand for AR solutions continues to surge, positioning NexTech for growth in a transforming digital economy.
NexTech AR Solutions (NEXCF) announced its InfernoAR platform has been chosen by TEDxMalmö for its first virtual event on December 12, 2020. This partnership aims to emulate TED's in-person experience with performances and interactive content while ensuring participant safety. The global virtual events market is projected to grow from $90 billion in 2020 to over $400 billion by 2027. In recent highlights, NexTech reported $900,000 in new bookings between September 1-22, 2020, and established partnerships with major brands, enhancing its market position in augmented reality and virtual events.
NexTech AR Solutions (OTCQB: NEXCF) has appointed Dr. David Cramb to its Board of Directors, expanding the board to five members and aiding in the company's efforts to uplist to NASDAQ. Dr. Cramb's expertise in augmented reality in education is seen as a valuable addition. Furthermore, Vivian Chan has been named Chief Channel Officer, and Chris Burton joins to enhance the enterprise growth strategy. NexTech reported impressive Q2 2020 results with a 290% revenue increase to $3.5 million and a 484% jump in gross profit. The company continues to expand partnerships and bolster its AR offerings.
NexTech AR Solutions (OTCQB: NEXCF) is expanding its InfernoAR video conferencing platform into the USA and international government contract sales through NCAGE and GSA. The company aims to secure large government contracts and has integrated automation features to enhance user experience. The global virtual events market is projected to grow from $90 billion in 2020 to over $400 billion by 2027, positioning NexTech favorably with its AR capabilities. Recent achievements include $900,000 in new bookings and partnerships with major brands.
NexTech AR Solutions (NEXCF) has launched the 'Genie in the Bottle' augmented reality marketing program, aimed at promoting its new line of organic supplements, 'TruLyfe'. This innovative program features a human hologram dietitian that interacts with customers via QR codes on products. The company has signed distributor deals with major brands like Dyson and Philips Norelco, and its augmented reality technology targets the rapidly growing digital ad and eCommerce markets, projected to reach $28 billion and $6.5 trillion respectively by 2023.
NexTech AR Solutions (OTCQB: NEXCF) has announced the acquisition of the AirShow app along with a team of four AR developers from TRICK 3D for $300,000, effective October 1. This innovative app allows users to interact with holograms of their favorite artists, targeting the $50 billion global music industry. The acquisition is part of NexTech's strategy to expand its offerings in augmented reality, enhancing its InfernoAR virtual events platform and eCommerce business. The company aims to create a comprehensive AR ecosystem and capitalize on the growing demand for human holograms.
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