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Nextech3D.ai

Nextech3D.ai


Recent posts by Nextech3D.ai

2 min read

Nextech AR Announces Auditor Change to Better Align with U.S. Exchange Uplisting Goal

By Nextech3D.ai on Sep 29, 2021 6:45:00 AM

VANCOUVER, B.C., Canada – September 29, 2021 -  Nextech AR Solutions Corp. (“Nextech” or the “Company”) (OTCQB: NEXCF; NEO & CSE: NTAR; FSE: N29), a diversified leading provider of augmented reality (“AR”) experience technologies and other services, today announced that at the Company’s request Marcum LLP (“Marcum”) has been appointed as the Company’s new independent auditor effective today, September 29, 2021. Marcum’s retention follows the resignation of Nextech’s former auditor, DMCL LLP (“DMCL”), at the Company’s request.

Topics: Investor Relations
10 min read

Nextech AR Provides Company Update to Shareholders

By Nextech3D.ai on Sep 21, 2021 6:35:00 AM

VANCOUVER, B.C., Canada – September 21, 2021 - Nextech AR Solutions Corp. (“Nextech” or the “Company”) (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), a diversified leading provider of augmented reality (“AR”) experience technologies and services is providing an update to shareholders and invites its shareholders to a Proactive Livestream event today at 1pm EST.

Topics: Investor Relations
6 min read

Nextech AR Announces It Has Launched Groundbreaking CAD To 3D Technology And Files a Provisional Patent

By Nextech3D.ai on Sep 14, 2021 6:45:00 AM

This technology will greatly reduce the cost and accelerate the CAD conversion process across industries.



VANCOUVER, B.C., Canada –
September 14, 2021 -
Nextech AR Solutions Corp. (“Nextech” or the “Company”) (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), a diversified leading provider of augmented reality (“AR”) experience technologies and services has announced it has launched its groundbreaking CAD to POLY solution. The Company is now incorporating into its services a technology to create optimized 3D meshes that are suitable for 3D and AR applications. Due to the global CAD market being dominated by large manufacturers from; automotive, aerospace, industrial machinery, civil and construction, electrical & electronics, pharmaceutical, healthcare, consumer goods and others, the company believes that this technology gives the company a first mover advantage in the (according to BIS Research) $11 billion dollar CAD market and expands its augmented reality business beyond ecommerce.

Nextech AR CEO Evan Gappelberg, and CTO Nima Sarshar, joined proactive investors to discuss the news. Watch here or view below:


The Company has filed a provisional patent covering the conversion of CAD files into 3D models. CAD to 3D model conversion capability implies drastically improved scalability associated with Nextech's 3D models for ecommerce, with the creation of photo realistic, fully textured 3D models from raw CAD models and reference images.

Topics: Augmented Reality
4 min read

Nextech AR Announces New SaaS Offering To Boost Its Augmented Reality For Ecommerce Solutions

By Nextech3D.ai on Sep 8, 2021 6:45:00 AM

VANCOUVER, B.C., Canada – September 8, 2021 -  Nextech AR Solutions Corp. (“Nextech” or the “Company”) (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), a diversified leading provider of augmented reality (“AR”) experience technologies and services announces that its AR for ecommerce offering will be generally available as a self service SaaS offering in early October, 2021. The company believes that this will be the first true self-service AR SaaS platform which will be affordable for all ecommerce sites, democratizing augmented reality for large and small ecommerce businesses alike.

Topics: Augmented Reality E-commerce Press
5 min read

Nextech AR Solutions Positioned To Lead The Metaverse With Today's Closing Of ARWAY Ltd.

By Nextech3D.ai on Aug 26, 2021 6:45:00 AM

Nextech Expands Its Tech Stack with ARWAY's Cloud - 3D Mapping Technology 


VANCOUVER, BC - Canada - August 26th, 2021
Nextech AR Solutions Corp. (“Nextech” or the “Company”) (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), a diversified leading provider of augmented reality (“AR”) experience technologies and services, is pleased to announce that it has closed the previously announced acquisition of U.K. based spatial computing company ARWAY Ltd. (“ARway”) in an all-stock transaction and will hire key founders Baran Korkmaz and Nikhil Sawlani. This acquisition provides Nextech AR with a spatial mapping platform critical to building “mini-metaverses”, which the Company is actively pursuing and believes is a market opportunity as big as the metaverse itself.

Topics: Augmented Reality Investor Relations News
3 min read

Nextech AR Selected By Google As An Early Access Partner For It’s 3D AR Search Program

By Nextech3D.ai on Aug 24, 2021 6:45:00 AM

VANCOUVER, B.C., Canada – August 24, 2021 - Nextech AR Solutions Corp. (“Nextech” or the “Company”) (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), a diversified leading provider of augmented reality (“AR”) experience technologies and services is proud to announce that they are an early access partner for the Google 3D AR Search Program. With this, Nextech AR will grant exclusive early access of the 3D search program to its current Threedy.ai customers, which include some of the world’s largest furniture retailers - Pier 1, Lighting Plus and Kmart Australia. With Nextech 3D generated models showing up in Google’s 3D AR Search Program, brands can now expect to see their products as organic search results on Google.

For more background and information on Google’s 3D/AR Search initiative, please click here.

Threedy.ai is a scalable 3D model creation platform powered by artificial intelligence, where customers can build their 3D product catalog and build immersive customer journeys. 3D models are created from 2D photos through Nextech AR’s proprietary AI technology and hosted on the cloud. Threedy.ai has built a disruptive end-to-end solution which syndicates and scales thousands of 3D visualizations to Google Search, Google Ad Network and Web AR for Ecommerce.

“3D is becoming an integral part of the online customer journey. 3D/AR experiences are now powering search and discovery, and immersive shopping experiences like virtual try-ons for fashion. 'See it in Your Space' with AR for home furnishing are taking product engagement to the next level. Threedy.ai is an essential 3D creation platform that automates and scales 3D asset creation. Working with Nextech AR customers, we will be able to build a significant catalog of 3D products that will be indexed for Google Search, and will power our own WebAR/3D and Ad Networks,” says Nima Sarshar CTO of Visual Computing & AI.

Google has been committed to making 3D/AR an integral part of search and shopping experiences. For certain innovative brands, including those powered by Nextech AR, anyone can now place 3D digital objects right in their own space directly from mobile Google search results. According to Internet Live Stats, Google now processes over 3.5 billion searches per day and 1.2 trillion searches per year worldwide. With more than 90 percent market share as of June 2021 (Statistica), Google has dominated the search engine market.

“Nextech AR is building solutions that connect our customers to billions of people around the world through our AI technology and special partnerships with Google. We are thrilled to work with innovative brands who are focused on digital transformation of their e-Commerce business with AR shopping. The building blocks for mass adoption of Augmented Reality are taking place,” says Evan Gappleberg, CEO Nextech AR.

On behalf of the Board of Nextech AR Solutions Corp.
Evan Gappelberg CEO and Director

For further information, please contact:
info@nextechar.com

To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn, and Facebook, or visit our website: https://www.Nextechar.com.

About Nextech AR
Nextech develops and operates augmented reality (“AR”) platforms that transports three-dimensional (“3D”) product visualizations, human holograms and 360° portals to its audiences altering e-commerce, digital advertising, hybrid virtual events (events held in a digital format blended with in-person attendance) and learning and training experiences.

Nextech focuses on developing AR solutions however most of the Company’s revenues are derived from three e-Commerce platforms: vacuumcleanermarket.com (“VCM”), infinitepetlife.com (“IPL”) and Trulyfesupplements.com (“TruLyfe”). VCM and product sales of residential vacuums, supplies and parts, and small home appliances sold on Amazon.

Forward-looking Statements
The CSE and the NEO have not reviewed and do not accept responsibility for the adequacy or accuracy of this release.

Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, “will be” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Nextech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

Topics: Augmented Reality News
4 min read

NexTech AR Integrates It’s 3D and AR Ad Functionality With SNAP, Facebook and Instagram

By Nextech3D.ai on Aug 19, 2021 6:45:00 AM

VANCOUVER, B.C., Canada – August 19th, 2021NexTech AR Solutions Corp. (“NexTech” or the “Company”) (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), an emerging leader in augmented reality for eCommerce, AR learning applications, AR-enhanced video conferencing and virtual events, today announced the advancement of its next generation Ad technology with its integration with SNAP, Facebook and Instagram broadening the companies 3D/AR ad reach..

SAMPLE 3D Google Ads:
3D/AR Furniture Advertisement (Table) - View Here
3D/AR Beverage Advertisement (Don Julio) - View Here
3D/AR Furniture Advertisement (Office Chair) - View here
3D/AR Apparel Advertisement (Motif) - View Here
3D/AR Furniture Advertisement (Table Chair) - View Here

With this announcement NexTech’s customers can now tap not only into Google’s immense network, as previously announced on August 16th, but also into social media applications SNAP, Facebook and Instagram, delivering engaging and streamlined 3D ads. This expansion capability gives the company the ability to tap into the full spectrum of audiences across the web and social media which set’s the company up for success as it rolls out it’s 3D/AR ad network capabilities. According to research from Statista, SNAP has 293 million daily active users, Instagram Stories have 500 million daily active users, and Facebook has 1.9 billion daily active users. This integration provides Nextech AR customers access to a vast audience of daily active users worldwide.

NexTech CEO Evan Gappelberg commented on this product enhancement. “We are now fully positioned to take advantage of the fastest growing segment in the AR industry 3D/AR advertising. With SNAP, Facebook Instagram and as previously announced our ability to deliver 3D/AR ads into the Google Display Network we now can reach a global ad audience of any demographic. With our ability to create 3D content at scale now combined with this global audience reach I believe we are perfectly positioned to accelerate our advertising revenue in the AR space ”, said Gappelberg.

ARtillery Intelligence has released a new report that projects mobile AR revenue to grow from $3.9 billion in 2019 to $21.02 billion in 2024. Enterprise productivity is the leading revenue category in 2020 ($2.58 billion), followed by AR advertising ($1.41 billion) and consumer in-app purchases ($1.38 billion)

To learn more about NexTech’s productions and solutions, please visit NexTech AR Ad Network at https://www.nextechar.com/ar-ad-network

About NexTech AR
NexTech develops and operates augmented reality (“AR”) platforms that transports three-dimensional (“3D”) product visualizations, human holograms and 360° portals to its audiences altering e-commerce, digital advertising, hybrid virtual events (events held in a digital format blended with in-person attendance) and learning and training experiences.
NexTech focuses on developing AR solutions however most of the Company’s revenues are derived from three e-Commerce platforms: vacuumcleanermarket.com (“VCM”), infinitepetlife.com (“IPL”) and Trulyfesupplements.com (“TruLyfe”). VCM and product sales of residential vacuums, supplies and parts, and small home appliances sold on Amazon.

To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn, and Facebook, or visit our website: https://www.Nextechar.com

On behalf of the Board of Nextech AR Solutions Corp.
Evan Gappelberg
CEO and Director

For further information, please contact:
investor.relations@Nextechar.com

Forward Looking Statements
The NEO has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, “will be,” “looking forward” or variations of such words and phrases or statements that certain actions, events, or results “will” occur. Forward-looking statements regarding the Company increasing investors awareness are based on the Company’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance, or achievements of Nextech to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including capital expenditures and other costs. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Nextech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

Topics: Augmented Reality News Advertising
5 min read

Nextech AR Goes Live with Enhanced 3D Google Ad Functionality With Launch of Web XR

By Nextech3D.ai on Aug 17, 2021 9:13:06 AM

VANCOUVER, B.C., Canada – August 17th, 2021 – NexTech AR Solutions Corp. (“NexTech” or the “Company”) (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), an emerging leader in augmented reality for eCommerce, AR learning applications, AR-enhanced video conferencing and virtual events, today announced the launch of its next generation Ad technology.

Topics: News Advertising
8 min read

Nextech AR Solutions Corp. Reports Second Quarter 2021 Earnings & Conference Call Updated

By Nextech3D.ai on Aug 11, 2021 4:31:06 PM

  VANCOUVER, B.C., Canada - August 11th, 2021 -   NexTech AR Solutions  Corp. (“NexTech” or the “Company”) (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29) reports its financial and operating results for the second quarter 2021 ending June 30 th , 2021. Subsequently, NexTech will host a conference call to discuss the second quarter results on August 12 th , 2021 at 1:00 p.m. Eastern Time. Please join Evan Gappelberg, Chief Executive Officer and Andrew Chan, Chief Financial Officer to discuss these financial and operating results followed by a question-and-answer period.

Q2 Financial highlights:

  • Revenue for the three months ended June 30th, 2021 is $6.1 million an increase of over 73% compared to the three months ended June 30th, 2020 of $3.5 million.

  • Gross profit for the three months ended June 30th, 2021 is $2.3 million an increase of over 6% compared to the three months ended June 30th, 2020 of $2.2 million.

  • NexTech cash on hand as of June 30th, 2021 is $15.4 million.

  • For the six months ended June 30th, 2021 revenue increased 130% to $13.8 million, compared to the same six months period last year, while gross profit increased 59% to $5.6 million over the same period.

  • On June 25, 2021, the Company acquired 100% of the shares of Threedy.ai Inc, an AI-based end-to-end platform used to produce 3D augmented reality models, accelerating our delivery time to customers.



Topics: Investor Relations Earnings Call
3 min read

Join Nextech AR for a Metaverse Discussion - Featuring CEO Evan Gappelberg During a Proactive Livestream on August 11, 2021

By Nextech3D.ai on Aug 11, 2021 6:30:00 AM

Guest Speaker will be Baran Korkmaz, CEO-Founder of spatial computing company ARway

Vancouver B.C. – August 11, 2021 – Nextech AR Solutions Corp. (“Nextech'' or the “Company”) (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), an emerging leader in augmented reality (AR) for eCommerce, AR learning applications, AR-enhanced video conferencing and virtual events, is pleased to announce that Nextech AR CEO, Evan Gappelberg and ARway CEO-Founder, Baran Korkmaz, will be attending a special Proactive Investors Livestream for a discussion about the Metaverse and Nextech AR’s acquisition of spatial based computing company ARWAY Ltd. This acquisition provides Nextech with a spatial mapping platform critical to building the Metaverse. 
 
Livestream Details 
Date: Wednesday, Aug 11, 2021  
Time: 12:30 PM Eastern Time (US and Canada)  
Topic: Evan Gappelberg and Baran Korkmaz discuss Nextech AR’s acquisition of ARway 
Register here: https://zoom.us/webinar/register/WN_cR37tJ0aTDC_te7R51wjqw 

Topics: Investor Relations Press