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Nextech3D AI Corp (NEXCF) is a pioneering company in generative AI-powered 3D modeling technology for major e-commerce retailers like Amazon, Miele, P&G, and Kohls. Utilizing breakthrough AI, the company transforms vast amounts of 2D content into interactive 3D holograms, enabling immersive and photo-realistic 3D assets creation. With a strong focus on the metaverse economy, Nextech3D AI offers end-to-end AR solutions in various sectors such as 3D commerce, education, events, and industrial manufacturing. The strategic partnerships and advancements in AI technology showcase the company's commitment to leading the evolution of digital commerce through cutting-edge 3D and AI solutions.
Nextech3D.ai (NEXCF) has secured its first customer, Marmi Stone, for its AI-Powered Photography Studio. The premier stone products provider will utilize Nextech's platform to create lifestyle product photos and 3D models for its catalog of over 200 products, requiring approximately 1,000 photos.
The AI-generated photos are priced between $13 to $20 each, offering a cost-effective solution compared to traditional photography. The company's proprietary AI technology creates super-high-quality visuals that aim to enhance online shopping experiences and drive sales.
This milestone represents Nextech3D.ai's expansion beyond 3D modeling into product photography, positioning the company to address the growing market demand for AI-driven product photography solutions that offer scalability and efficiency for businesses with extensive product catalogs.
Nextech3D.ai (OTCQX:NEXCF) has announced that CEO Evan Gappelberg will acquire 21,046,338 common shares at a deemed price of $0.065 per share, totaling approximately $1.37 million in satisfaction of outstanding indebtedness. This arrangement represents Gappelberg's decision to accept company shares instead of cash salary compensation for the past few years.
The shares will be subject to a four-month and one-day statutory hold period following issuance and require Canadian Securities Exchange approval. The company, established in 2018, specializes in augmented reality (AR) and artificial intelligence (AI) technologies, focusing on creating 3D WebAR photorealistic models for Amazon and other online retailers using patented 2D-3D technology.
Nextech3D.ai (OTCQB:NEXCF) has announced new AI-powered developments across its business units. The company's spinoff Toggle3D.ai is launching ToggleStudios Photo, an AI-powered photography platform for ecommerce that creates high-quality product imagery from 2D images and 3D models.
Another spinoff, ARway, is introducing AI agents for enhanced event management and developing AI-powered navigation tools for large venues. ARway is also expanding its salesforce to meet growing demand. The company will showcase these developments in a CEO Livestream Demo on January 22nd, 2025, at 12pm EST.
The company aims to leverage AI technology across all three platforms - Nextech3D.ai, Toggle3D.ai, and ARway - to drive sales growth in 2025. ToggleStudios specifically targets the fashion industry, offering AI-powered fashion photography at reduced costs compared to traditional photoshoots.
Nextech3D.ai (OTCQX:NEXCF), a pioneer in AR and AI technologies since 2018, has announced the issuance of stock options to several key individuals. The company has granted:
- 50,000 two-year stock options to new board member Peter Bloch at $0.07/share
- 250,000 two-year stock options to CFO Anum Wagas at $0.07/share
- 25,000 two-year stock options to board member Anthony Pizzonia at $0.007/share
- 500,000 two-year stock options to consultant Wilson Christopher at $0.07/share
Nextech3D.ai (OTCQB:NEXCF) reports key achievements for 2024, including the production of 25,000 3D models and millions of AR experiences. Financial highlights include YTD revenue of $2.9 million and gross profit of $1.88 million as of September 30, 2024. The company showed strong quarterly performance with gross profit margins reaching 74% in Q2.
The company focused on advancing automation and AI integration, including the development of FOTOgpt, while streamlining operations to achieve cash flow positivity in 2025. A major platform migration to AWS is scheduled for completion in Q1 2025. While Amazon corporate 3D modeling revenue declined, the SME business showed strong growth, positioning the company for profitability in 2025.
Nextech3D.AI (OTCQB:NEXCF) has achieved a significant milestone by receiving certification as an Amazon 3D content provider after successfully completing Amazon's external content training program. The certification validates the company's capability to create 3D content using product images for Amazon's platform.
In parallel, the company announced board member changes with Belinda Tyldesley stepping down for personal reasons and the appointment of Peter Bloch as her replacement. Bloch brings extensive executive experience, including roles as CEO of BresoTEC Inc. and Bionik Laboratories, along with CFO positions at Sanofi Canada, Intellivax Inc., and other prominent companies. His track record includes successful fundraising, IPO experience, and managing companies with revenues up to $2 billion.
Nextech3D.ai (OTCQB:NEXCF) reported Q3 2024 financial results with revenue of $756,476 and gross profit margin of 71% ($537,503). Year-to-date revenue stands at $2.9 Million with gross profit of $1.88 Million. The company, now an Amazon Certified 3D Content Provider, acknowledges struggles in gaining momentum in its 3D modeling business due to increased global competition. The company is launching FOTOgpt.ai Toggle Studio in December 2024 and maintains strategic investments in Toggle Studio (13M shares) and ARway.ai (15M shares). The company recently received Patent #11,948,248 for its 2D-3D technology.
Nextech3D.AI announces that its spin-out Toggle.ai has rebranded as FOTOgpt.ai, reflecting its focus on AI-powered photography. Nextech3D.ai owns 45% (13 million shares) of FOTOgpt.ai. The company plans to launch an AI-powered photography studio as an API plugin in December 2024, followed by a mobile app in Q1 2025. The platform enables merchants to generate high-resolution product images (1K to 4K) within minutes, offering a cost-effective alternative to traditional photo shoots. Key features include low-cost operation, instant results, versatile product angles, and e-commerce-ready outputs with customizable backgrounds.
Nextech3D.ai has announced a livestream event featuring CEO Evan Gappelberg on Wednesday, November 13th at 12pm EST. The session will focus on demonstrating FotoGPT, their new AI-powered photography studio for ecommerce, and discussing the company's future direction in 3D and AI photography. The company specializes in creating hyper-realistic 3D models using patented AI technology, which helps improve product visualization and reduce return rates for e-commerce platforms like Amazon. This new AI photography technology represents an expansion of their AI technology stack.
Nextech3D.ai (OTCQX:NEXCF) attended the High Point Fall Market from October 26-30, 2024, one of the largest furniture trade shows globally. The company's Head of Sales, Mady Wymsa, conducted meetings with leading furniture brands to discuss their 3D modeling and AI photography solutions. The technology aims to enhance digital presence, boost online sales conversions, reduce return rates, and improve brand loyalty through interactive and immersive shopping experiences. CEO Evan Gappelberg emphasized the company's role in revolutionizing furniture visualization and highlighted growing market demand for their advanced technologies.