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 (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.