TORONTO, O.N, Canada -- January 9, 2024 -- InvestorsHub
NewsWire -- Nextech3D.AI (OTCQX:
NEXCF) (CSE:
NTAR) (FSE: 1SS), an AI-3D model supplier for major e-commerce
retailers announces an uptick in sales with a series of six 2024
contracts, renewals from: CB2 - a division of Crate and Barrel,
Artika, renowned for its avant-garde lighting solutions, Raptor
Tactical, a designer and manufacturer of modern tactical equipment
for Military, Police and other Law enforcement
units, William Wood Mirrors, EOD Gear
supplies, providing Tactical Gear to EOD Techs and Commands,
SWAT, City Grounds, and sees other
growing sales opportunities in its 3D modeling pipeline.
Nextech3D.ai anticipates continued momentum in 3D modeling demand
to reinforce its position as a leader in the development
and deployment of AI for in the 3D modeling industry for
e-commerce. These contracts reflect a diverse range of
industries, indicating the broad applicability and demand for
Nextech3D.AI's services?. The Company is continuing to develop
patents around its proprietary technology while building and
launching breakthrough AI for the mass scale of 3D models, which it
sees as a significant growth market in 2024.
CEO Evan Gappelberg commented, “As we start the new year, I am
very optimistic about the trajectory of Nextech3D.ai. When we look
at the diverse range of contracts, renewals, and the enthusiastic
interest we're receiving it reaffirms our conviction as AI/AR and
3D industry leaders. I’m especially pleased with our AI engineers
who’ve created value for our business, which is evident by the
recent launch of our AI-powered 3D model search engine tool.” He
continued, “We are actively building and launching new breakthrough
AI for the mass scale of 3D models and continuing to apply for and
develop new patents around our proprietary AI technology.”
CB2
CB2 have agreed on a six figure expansion
contract for an additional 500 3D product models. Additionally,
they are renewing their hosting agreement to continue hosting 2500+
3D product models on their website that Nextech previously created
for them. CB2 is a division of Crate and Barrel, a major modern
furniture and home decor retailer. In total, CB & CB2 operate
approx 110 U.S. locations and 24 brick-and-mortar locations across
North America.
View 3D product model of a couch on CB2 website: click
here
Scan the QR code to view in Augmented Reality:
Artika
Artika, renowned for its avant-garde lighting solutions, has not
only renewed their contract for more 3D models but also extended
their hosting agreement with Nextech3D.ai.
View 3D product model of a light on the Artika website: click
here
Scan the QR code to view in Augmented Reality:
Raptor Tactical
Renewing their commitment to Nextech3D.ai, Raptor Tactical has
signed a renewal deal for more 3D models, showcasing the enduring
partnership between the two companies. Raptor Tactical is a
designer and manufacturer of modern tactical equipment for
Military, Police and other Law enforcement units. A 3D product
model can be explored on Raptor Tactical's website at https://raptortactical.com/mifak-modified-individual-first-aid-kit/.
William Wood Mirrors
William Wood
Mirrors has chosen to renew their contract with
Nextech3D.ai, signaling continued trust in the company's ability to
deliver high-quality 3D models. William Wood has almost four
decades of experience in designing and manufacturing mirrors,
lighting, and occasional furniture.
EOD Gear
EOD
Gear, a new customer in the Nextech3D.ai portfolio, has
joined forces with the Company for cutting-edge 3D modeling
solutions. EOD Gear supplies EOD and Tactical Gear to EOD Techs and
Commands, SWAT and Individuals.
City Grounds
City
Grounds, an existing partner of Nextech3D.ai, has renewed their
hosting contract, further solidifying their commitment to the
exceptional services provided by the 3D modeling experts. City
Grounds offers a curated selection of high-quality merchandise
tailored to the urban cycling lifestyle.
These customers are collaborations that showcase Nextech3D.ai's
commitment to providing cutting-edge 3D modeling solutions to a
diverse range of industries.
AI Powered 3D Model Search Engine
The Company's innovative approach is further highlighted by their
recent launch of its in-house built AI-powered
3D model search engine, aimed at scaling the production of 3D
models. This groundbreaking AI search engine uses computer vision
with AI and is designed to speed-up and scale-up operations for the
3D modeling process. The AI based search engine uses
images to search Nextech’s internal library of 3D models and
recommends a close match to the given image. This enables the
Company to speed up the process of 3D model creation, thus
increasing the number of 3D models the company can
produce. The Company is continuing to develop patents around its
proprietary technology while building and launching breakthrough AI
for the mass scale of 3D models, which it sees as a significant
growth market in 2024.
Watch a demo of the AI-Powered 3D model search engine tool
- click
here
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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 various e-commerce 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 | 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.
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
Julia Viola
investor.relations@nextechar.com
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.
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