Nextech3D.ai Secures Three New Patents for AI-Powered 3D Model Generation Algorithms
Rhea-AI Summary
Nextech3D.ai (OTCQX:NEXCF) has been granted three new patents by the USPTO for AI-based algorithms in 3D model generation. This expands their portfolio to five patents in 3D modeling, reinforcing their position in the AI-powered 3D technology market. The new patents cover:
- 3D model generation from 2D images
- Material estimation for 3D modeling
- 3D model assembly
These patents enhance Nextech3D.ai's ability to create scalable, cost-effective, and efficient 3D modeling solutions for e-commerce retailers. CEO Evan Gappelberg emphasizes the company's strategic position to capitalize on the growing global 3D and AR market in eCommerce over the next five years.
Positive
- Granted three new patents for AI-based 3D model generation algorithms
- Total patent portfolio in 3D modeling increased to five
- Enhanced competitive edge in creating scalable and efficient 3D modeling solutions
- Strategic positioning to capitalize on growing global 3D and AR market in eCommerce
Negative
- None.
News Market Reaction
On the day this news was published, NEXCF gained 5.96%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Growing Portfolio Now Includes a Total of Five Patents In the Field of 3D Modeling
TORONTO, ON / ACCESSWIRE / September 4, 2024 / Nextech3D.ai (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a leading provider of Generative AI-powered 3D model content for major e-commerce retailers like Amazon, P&G, and Kohl's, is thrilled to announce that the United States Patent and Trademark Office (USPTO) has granted the company three new patents for innovative AI-based algorithms designed for 3D model generation.
These new patents are part of Nextech3D.ai's growing portfolio, which now includes a total of five patents in the field of 3D modeling. This achievement underscores the company's dedication to enhancing shareholder value through cutting-edge AI-powered solutions in 3D technology.
The newly granted patents cover advanced AI algorithms that provide the most scalable and efficient methods for generating 3D models from a variety of input sources. These algorithms give Nextech3D.ai a competitive edge, enabling the creation of scalable, cost-effective, and time-efficient solutions for its customers.
The New Patents Include:
As the global 3D and augmented reality (AR) market in eCommerce continues to grow, over the next five years, Nextech3D.ai is strategically positioned to capitalize on this trend. The company's patented AI algorithms will play a crucial role in delivering scalable and efficient solutions to meet the increasing demand for 3D models in digital retail.
Evan Gappelberg, CEO of Nextech3D.ai, commented, "We are at the forefront of a technological change where AI, AR, and 3D model creation are set to become foundational technologies shaping our future. With these patents, Nextech3D.ai is well-positioned in the market and focused on delivering substantial value to our shareholders.."
The patent approvals are a testament to Nextech3D.ai's technological capabilities and reinforce the company's commitment to driving the future of 3D technology through innovation and AI.
For more information and to sign up for investor updates, please visit Nextech3D.ai's website. Sign up for Investor News and Info -Click Here
About Nextech3D.ai
Nextech3D.ai 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.
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:
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.
SOURCE: Nextech3D.ai
View the original press release on accesswire.com
FAQ
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