Toggle3D Gaining Traction in $160 Billion Global CAD-3D, Sees Adoption Accelerating in 2023
Toggle3D Gaining Traction in $160 Billion Global CAD-3D, Sees Adoption Accelerating in 2023
The Company is filing multiple pivotal patents for its game-changing Generative AI
The Company has developed and launched game-changing artificial intelligence (AI) for the $5.5trillion dollar ecommerce industry accelerating the transition from 2D photos to 3D models
TORONTO, O.N, Canada – March 7, 2023 - Nextech AR Solutions Corp. (“Nextech3D.ai'' or the “Company”) (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), an Augmented Reality (AR), Artificial Intelligence-Powered 3D model supplier for Amazon and other major e-commerce retailers is excited to announce that it has rebranded to better reflect its current technology and business. As previously reported, the Company believes that its generative AI has given it a competitive edge and is driving the Company toward becoming cash-flow positive.
New ML & Computer Vision Reduces CAD file size by 95%
TORONTO, O.N, Canada – February 28, 2023 - Nextech AR Solutions Corp. (“Nextech” or the “Company”) (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), is an Artificial Intelligence powered 3D model supplier for Amazon and hundreds of other major e-commerce retailers and brands is pleased to announce that with the Company’s groundbreaking generative AI technology, Q1 2023 is currently tracking to be a record quarter for 3D modeling. The timing of record 3D modeling demand and record production capabilities on the back of its breakthrough generative AI is expected to drive record 2023 revenue for the 3D model business in ecommerce. The Company believes that as a preferred 3-D model supplier to Amazon, it is perfectly positioned to lead the $5.5 trillion dollar ecommerce market as it transitions from 2D photos to 3D models.
Evan Gappelberg, CEO of Nextech commented, “In addition to large enterprise customers like Amazon, Nextech continues to see a record number of new deals for 3D models from a variety of customers in Q1 2023. It’s due to this record demand in just the past 60 days that we anticipate Q1 2023 will exceed sales numbers from Q4 2022.” He continued, “These latest 3D modeling contracts continue to show accelerating global demand for 3D models due to the high ROI. The 3D model mega-trend is gaining even more traction in 2023, as the mass adoption of 3D models has really only just begun. Nextech is currently in discussions with major brands and retailers across the globe and we fully expect to land additional major enterprise multi-year contracts. These contracts represent an enormous amount of potential revenue for years to come but when combined with the millions of Amazon’s merchants who are starting to recognize the value of having 3D models, the demand growth along with our revenue growth becomes exponential”.
In February, Nextech AR announced a major generative artificial intelligence (AI) breakthrough in 3D model texture creation. The breakthrough enables the Company to recreate high-quality 4K textures at scale from just small digital swatches in just seconds versus hours of manual labor, representing a 720x increase in production speed. This breakthrough in texture expansion technology will revolutionize the 3D modeling industry and give Nextech a major competitive edge further solidifying its leadership position in the global 3D model space for ecommerce. The Company plans to file a patent in 2023 on this breakthrough technology.
3D Modeling for $5.5 Trillion Global E-commerce Industry Taking Off as Generative AI is Driving Exponential Growth in Nextech’s Web3.0 Portfolio of Technologies
Generative AI is now giving Nextech a competitive edge and driving its transformation towards profitability and scale in the $100Billion 3D model for ecommerce market
TORONTO, O.N, Canada – January 20, 2023 - Nextech AR Solutions Corp. (“Nextech” or the “Company”) (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), is pleased to announce that Nextech AR CEO Evan Gappelberg will be presenting at the AlphaNorth Capital Conference on January 21, 2023. Nextech AR is a diversified augmented reality and AI technology Company that leverages proprietary artificial intelligence (AI) to create 3D experiences for the metaverse. Its main businesses are creating 3D WebAR photorealistic models for the Prime Ecommerce Marketplace as well as many other online retailers.
Nextech’s Generative AI Driving Exponential Growth For Portfolio of 3D/AR Technologies for Ecommerce
