NEXTECH3D AI CORP - NEXCF STOCK NEWS

Nextech3D.AI (OTCQX:NEXCF) has launched an AI-powered lifestyle image generator for e-commerce platforms. This new capability enhances 3D models or 2D pictures with lifestyle backgrounds, generating high-resolution images (1K to 4K) for platforms like Amazon, Etsy, and eBay. Key advantages include:

• Low cost alternative to expensive photo shoots
• High-quality images produced in minutes
• Versatile product angles without green screens
• Easy customization with multiple backgrounds

The e-commerce product photography market is expected to reach $275.4 billion by 2030, with a CAGR of 11.6%. High-quality product images can increase conversion rates by 30% and reduce return rates by 22%. Nextech3D.AI has also renewed its share purchase warrant program, issuing 9,000,000 warrants to service providers.

Nextech3D.AI (OTCQB:NEXCF)(CSE:NTAR)(FSE:1SS) has closed the first tranche of its private placement, raising $475,000 by issuing 4,750,000 units at $0.10 per unit. Each unit comprises one common share and one warrant, exercisable at $0.15 for 24 months. The company may accelerate the warrant expiry if the stock price exceeds $0.30 for ten consecutive trading days. Proceeds will be used for working capital and general corporate purposes. The company paid $5,600 in finder's fees and issued 56,000 broker warrants. Securities are subject to a four-month hold period. The offering remains subject to regulatory approvals, including from the Canadian Securities Exchange.

Nextech3D.ai (OTCQX:NEXCF) has announced the acquisition of augmented reality (AR) try-on technology from Designhubz in an all-stock deal of 500,000 shares at $0.10/share. This strategic move expands Nextech3D.ai's 3D and AR portfolio, particularly in the wearables segment. The acquisition includes Designhubz's All-in-One Solution, which enables virtual product try-ons for online shoppers.

The integration of Designhubz's technology enhances Nextech3D.ai's platform with AI-powered style and size suggestions for various products, including eyewear and shoes. CEO Evan Gappelberg states that this acquisition completes their goal of becoming an end-to-end solution for e-commerce retailers. The combined technologies aim to provide a seamless shopping experience with virtual try-ons for jewelry, clothing, sneakers, and glasses, aligning with growing consumer demand for interactive product visualizations.

Nextech3D.AI (OTCQX:NEXCF)(CSE:NTAR)(FSE:1SS) has announced a repricing of its proposed non-brokered private placement. The company now plans to issue up to 28,000,000 units at C$0.10 per unit, aiming to raise up to C$2,800,000. Each unit consists of one common share and one warrant, with each warrant exercisable at $0.15 for 24 months. The company may accelerate the warrant expiry if the stock price exceeds $0.30 for ten consecutive trading days. Proceeds will be used for working capital and general corporate purposes. The offering includes an 8% cash finder's fee and 8% broker warrants for eligible registrants. The transaction is subject to regulatory approvals, including from the Canadian Securities Exchange.

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.

Nextech3D.ai (OTCQB:NEXCF) has launched key new features for its generative AI-powered Aritize3D platform, enhancing product experiences and 3D model visualization. The updates include:

1. Dimension View for 3D models, allowing users to view model dimensions directly within the platform.

2. Customizable QR Codes for 3D models, enhancing brand visibility across marketing materials and platforms.

3. Integration with multiple 3D model viewers to meet diverse customer needs.

The company also highlights its capabilities in AI-driven 3D texturing, 2D photo renders from 3D models, and compliance with Amazon's standards for 3D models. These innovations position Nextech3D.ai as a valuable partner for e-commerce brands and Amazon sellers looking to enhance their product listings.

Nextech3D.ai (OTCQX:NEXCF) has announced a proposed non-brokered private placement offering of up to 20,000,000 units at C$0.14 per unit, aiming to raise up to C$2,800,000. Each unit consists of one common share and one warrant, with each warrant exercisable at $0.2475 for 24 months. The company may accelerate the warrant expiry if the stock price exceeds $0.50 for 10 consecutive trading days. This offering is subject to regulatory approvals, including from the Canadian Securities Exchange. The securities are not registered under the U.S. Securities Act and cannot be offered or sold in the United States without registration or exemption.

Nextech3D.ai (OTCQX:NEXCF) reports preliminary Q2 2024 results with $1.2 million revenue, up from $1 million in Q1. The company achieved a 70% gross profit margin, a six-year high, compared to 50% in Q1 and 30% in 2023. This improvement is attributed to their strategic pivot to India and AI technology advancements. As a newly certified 3D Model External Content Provider (ECP) for Amazon, Nextech3D.ai anticipates significant growth opportunities. The company's 3D modeling services are expected to benefit from Amazon's promotion to their merchants, with 3D model listings showing a 2X improvement in purchase conversion. Nextech3D.ai's patented technology enables scalable 3D model creation from 2D and CAD images, positioning them strategically in the rapidly growing e-commerce 3D modeling market.

Toggle3D.ai (OTCQB:TGGLF) has unveiled significant upgrades to its AI-powered 3D platform, including Dropbox integration and an enhanced user experience. Key improvements include:

1. Enterprise-level file uploads from Dropbox
2. Enhanced photo rendering (1k to 4k resolution)
3. New Content Management System for hosting and sharing 3D models
4. Easy AR integration and 3D model embedding on websites
5. Intuitive user interface

These enhancements aim to streamline workflows, improve collaboration, and provide immersive customer experiences. The platform offers advantages such as low-cost alternatives to photo shoots, high-quality image production, and versatile product visualization. With the eCommerce Product Photography Market expected to reach $275.4 Billion by 2030, Toggle3D.ai is positioning itself to capitalize on the growing demand for high-quality visuals in online retail.