TORONTO, O.N, Canada – April 24, 2023 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a patented 2D-3D Generative AI-Powered 3D model supplier for Amazon, Miele, P&G, Kohls, Wesfarmers Group ``Bunnings” and other major e-commerce retailers has selected Amazon Web Services (AWS), an Amazon.com company (NASDAQ: AMZN), as its cloud provider for its 3D modeling hosting services and AI service provider. Nextech3D.ai will also host its dozens of AI Machine learning applications to the world's leading cloud. Using Amazon Bedrock, a service that makes multiple foundation models available via an API, Nextech3D.ai can build experimental generative AI applications to improve productivity across all business lines, including customer service, finance, human resources, and sales. The AI factory allows the company to efficiently use analytics and ML to develop and deploy churn prediction and next-best-offer systems to drive customer engagement.
Leading 3D Modeling Supplier uses AWS’s generative AI and machine learning capabilities to accelerate its technology
Nextech3D.ai will use AWS technologies, including data analytics, generative artificial intelligence (generative AI), and ML, to inform data-driven business decisions, tailor offerings to new markets, and develop new services to meet evolving customer needs across the e-commerce and 3D cloud industries. Nextech3D.ai operating companies Toggle3D.ai and ARway.ai will also leverage AWS’s security features, like identity and access management (IAM) and encryption, to deliver the highest levels of security and privacy across its platforms.
Hareesh Achi Head of Tech Ops Comments “AWS has been a key collaborator in our 3D digital journey, accelerating our time to market for new services, enabling us to better serve our eCommerce customers across the globe,” “Customers expect effortless 3D downloads visualizations load times and transactions, and by tapping into AWS’s generative AI and machine learning capabilities, we can deliver on the needs of customers rapidly, securely, and more cost-effectively. The cloud gives us the agility to build new business models that will differentiate Nextech3D.ai now and into the future. We look forward to expanding our collaboration with AWS further.”
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For further information, please contact:
Investor Relations Contact
Julia Viola
investor.relations@nextechar.com
Nextech3D.ai
Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)
About Nextech3D.ai
Nextech3D.ai or the "Company," (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), is a versatile augmented reality and AI technology company that utilizes its proprietary artificial intelligence (AI) to craft immersive 3D experiences at scale for E-COMMERCE. The Company's primary focus lies in creating high-quality 3D WebAR photorealistic models for Amazon and various other online retailers with patented 2D-3D technology. Nextech3D.ai has adopted a unique approach to creating shareholder value beyond its operating business of creating 3D models.
The Company also develops or acquires disruptive AI-technologies, which are subsequently spun out to shareholders as standalone public companies. This spin-out strategy allows Nextech3D.ai to issue stock dividends to its shareholders while maintaining significant ownership in the public spin-out, without dilution to the parent company Nextech3D.ai.
Notably, Nextech3D.ai successfully spun out "ARway," (OTCQB: ARWYF | CSE: ARWY | FSE:E65 ) its spatial computing platform, as a standalone public company on October 26, 2022. The Company retains a 49% stake with 13 million shares in ARway Corp. while distributing 4 million shares to Nextech shareholders.
Similarly, Nextech3D.ai accomplished its second spin-out launching Toggle3D.ai, (OTCQB: TGGLF | CSE: TGGL | FSE: Q0C ) an AI-powered 3D design studio aimed at competing with Adobe. The Company retains a 44% stake with 13 million shares in Toggle3D.ai Corp.
Forward-looking Statements
The CSE 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” 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
