Nextech3D.ai
Announces New Production Record Having Delivered More Than 50,000
3D Models
Company
is experiencing accelerating 3D Model Demand in Q3,2023
Join
Proactive News & CEO Evan Gappelberg for an Investor Livestream
TODAY at 12 p.m ET / 9 a.m PT
TORONTO, O.N,
Canada -- August 9, 2023 -- InvestorsHub NewsWire
-- Nextech3D.AI
(formally "Nextech AR
Solutions Corp'' or the "Company") (OTCQX:
NEXCF) (CSE:
NTAR) (FSE: EP2), a Generative AI-Powered 3D model supplier for
Amazon, P&G, Kohls and other major e-commerce retailers has
just surpassed a major milestone having delivered more than 50,000
3D models to its satisfied customers. This remarkable achievement
reflects a notable surge in both production and demand throughout
2023, driving the Company to report record-breaking preliminary
results of $1.4mill +155% in the second quarter of 2023, and to
forecast $1.7-$1.9mill in Q3 + 200% YoY. This positive outlook is driven by
the accelerating demand for their state-of-the-art
solutions.
Nextech3D.AI is at the
forefront of the massive and growing 3D modeling industry,
utilizing cutting-edge Generative AI technology to create
photo-realistic 4K 3D models that cater to the specific needs of
major e-commerce giants including Amazon and others. It's estimated
that ecommerce is a $5.5trillion dollar global industry and that
Amazon alone has over 300 mill products. To date total 3D models
converted is still <1% of the total leaving massive room for
growth in the years to come. Due to a strong ROI on 3D models the
Company has been seeing a growing market appetite for immersive and
interactive shopping experiences, now in Q3, demand is starting to
rapidly accelerate.
Evan Gappelberg, CEO and
Founder of Nextech3D.ai commented, "We are thrilled to have
achieved this significant milestone of delivering over 50,000 3D
models to our valued clients. The accelerating demand for our
immersive 3D models is a testament to our commitment to Generative
AI innovation and exceptional customer satisfaction. Nextech3D.AI
remains committed to providing exceptional services to its growing
and diverse clients including the e-commerce giant Amazon, while
embracing advanced Generative AI technology to stay ahead in the
ever-evolving e-commerce landscape. With a strong focus on AI
powered innovation and customer satisfaction, the Company is poised
to achieve its goal of becoming the dominant 3D modeling
company."
Recently, the Company
announced it had achieved a
major breakthrough in generative AI technology that facilitates the
generation of 3D materials from text prompts. This breakthrough in text to 3D
material creation is key in driving the company forward in its
quest to be the dominant 3D model supplier for the ecommerce
industry. The 3D models for e-commerce TAM are estimated to be
worth $100 billion over the next decade.
Investor Livestream Details
JOIN
US: Today,
Wednesday, August 9, 2023
TOPIC:
How is Generative AI
Driving Record 3D Model Production + Record Demand
Time:
12:00 p.m ET / 9:00 a.m
PT
Presenter:
Evan Gappelberg (Founder
and CEO)
Link
to join:
https://www.youtube.com/live/df64TM1sPZg
Recent Press
Releases
About the Company:
Nextech3D.ai,
formerly known as "Nextech AR Solutions Corp" or the "Company,"
(OTCQX:
NEXCF) (CSE:
NTAR) (FSE: EP2), 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. 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) 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 AR shareholders.
Similarly, Nextech3D.ai
accomplished its second spin-out launching Toggle3D.ai, (OTC: TGGLF
| CSE: TGGL) 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.
To learn more, please
follow us on
Twitter,
YouTube,
Instagram,
LinkedIn,
and
Facebook, or
visit our website:
https://www.Nextechar.com.
For further information,
please contact:
Investor Relations
Contact
Lindsay Betts
investor.relations@Nextechar.com
866-ARITIZE (274-8493)
Ext 7201
Nextech3D.ai
Evan
Gappelberg
CEO and
Director
866-ARITIZE
(274-8493)
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.
