Welcome to our dedicated page for Nextech3D AI news (Ticker: NEXCF), a resource for investors and traders seeking the latest updates and insights on Nextech3D AI stock.
Nextech3D AI (NEXCF) delivers cutting-edge AI and augmented reality solutions that power immersive 3D experiences across e-commerce, education, and industrial applications. This dedicated news hub provides investors and technology stakeholders with essential resource for tracking the company's strategic developments.
Access comprehensive updates including product launch announcements, partnership agreements, financial disclosures, and technology breakthroughs. Our curated collection enables efficient monitoring of Nextech3D AI's progress in spatial computing, AI-powered 3D modeling innovations, and metaverse infrastructure development.
Key content categories include earnings reports, intellectual property milestones, executive leadership updates, and analysis of emerging AR/VR market trends. All materials maintain strict editorial standards to ensure factual accuracy and regulatory compliance.
Bookmark this page for streamlined access to official press releases and verified third-party analysis. Regular updates ensure you remain informed about Nextech3D AI's advancements in photorealistic 3D WebAR solutions and their industry-specific applications.
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.
Toggle3D.ai has launched its new Photo Studio API, a scalable tool for AI-powered image processing and editing. The API offers features including image retouching, background removal, color adjustments, and automated editing workflows, with support for bulk operations processing thousands of images simultaneously. The solution targets e-commerce, social media, marketing, and creative industries, providing high-quality image production with minimal latency. The API includes function calling for third-party tool integration and offers flexible pricing based on API call volume.
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.
