Nextech3D AI - NEXCF STOCK NEWS

Nextech AR Solutions Corp (OTCQB: NEXCF) has announced a partnership with DesignerInc, tapping into their network of over 1,500 furniture manufacturers. This deal will utilize Nextech's ARitize CAD solution to create 3D models from CAD files, offering a significant opportunity for monthly recurring revenue. The partnership aims to enhance the B2B interior design industry by providing 3D visualizations and virtual showrooms. CEO Evan Gappelberg highlighted the growing global demand for 3D/AR models, positioning Nextech to become a major player in the 3D modeling market.

Nextech AR has launched the ARitize 3D Shopify app, enabling Shopify merchants to create 3D models with one-click integration. This extension of their SaaS offering enhances the ecommerce capabilities for users, as discussed by CEO Evan Gappelberg in an interview. The launch signifies a new milestone in Nextech's growth strategy, promoting 3D technology in the retail space.

The release is part of broader investor insights by The Power Play by The Market Herald, which features discussions with executives to analyze recent developments and their implications for the stock market.

Nextech AR Solutions Corp (OTCQB: NEXCF) announces the launch of its Shopify App, ARitize 3D, allowing Shopify merchants to easily create 3D models. This self-serve platform significantly lowers costs with zero model creation fees and a low monthly hosting fee, enabling seamless integration for ecommerce. The app is part of a broader strategy to expand into major ecommerce platforms, including WooCommerce and Magento, thus meeting the rising demand for 3D/AR solutions in ecommerce. Nextech aims to enhance online shopping through immersive AR experiences, improving conversion rates and reducing returns.

Nextech AR (CSE:NTAR)(OTCQB:NEXCF) has finalized its private placement and joined the Khronos Group as a contributor member. This consortium focuses on creating advanced standards in 3D, Augmented Reality (AR), Virtual Reality (VR), and Metaverse technologies. CEO Evan Gappelberg discussed the implications of this development, which supports Nextech's growth in the AR industry and enhances its position within the tech community.

Nextech AR Solutions Corp (OTCQB: NEXCF) has successfully completed a private placement, securing approximately CAD $10 million from an institutional investor. The Company issued 8,130,082 common shares and warrants at a price of CAD $1.23 per share. Each warrant allows for the purchase of one share at CAD $1.54 over three years. The funds will be utilized for working capital and corporate purposes. A cash commission of CAD $800,000.07 was paid to H.C. Wainwright & Co., the placement agent.

Nextech AR Solutions Corp (OTCQB: NEXCF) has joined The Khronos® Group as a Contributor member, a consortium designing standards in 3D, AR, and VR technologies. This membership emphasizes Nextech's role as a leader in the metaverse and 3D modeling sectors. Collaborating with other tech firms, Nextech will work on developing guidelines for real-time 3D content distribution across platforms. Their ARitize 3D model factory aims to meet the industry's growing demand for scalable 3D visualizations, positioning the company competitively in the 3D modeling market.

Nextech AR Solutions Corp. (OTCQB: NEXCF) has announced a private placement to raise approximately CAD$10 million through the issuance of 8,130,082 Common Shares and corresponding Warrants. The shares will be priced at CAD$1.23 each, with Warrants allowing the purchase of additional shares at CAD$1.54. The placement, facilitated by H.C. Wainwright & Co., is expected to close around January 25, 2022. Proceeds will be utilized for working capital and general corporate purposes, with no shares sold to Canadian residents.

Nextech AR Solutions Corp (OTCQB: NEXCF) has launched its ARitize 3D SaaS platform to enable businesses to create 3D and AR visualizations easily and affordably. The platform, designed for eCommerce, aims to provide a cost-effective solution for businesses of all sizes, moving from beta to public use. Nextech claims to be the first in the market with this self-service offering, featuring scalable and AI-powered model creation. The company is also integrating with major eCommerce platforms like Shopify and WooCommerce, enhancing its market reach as demand for 3D models grows.

Nextech AR (CSE:NTAR) (OTCQB:NEXCF) has launched ARitize NFT, allowing brands to mint NFTs of their 3D models and human holograms. This innovation enables the showcasing of these NFTs across various Metaverses, including those created with Nextech’s ARitize Maps. CEO Evan Gappelberg discussed the implications of this launch, which positions Nextech at the forefront of NFT integration in augmented reality.