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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.
Nextech AR Solutions (OTCQB: NEXCF) has launched the upgraded ARitize Events 3D platform, enhancing its virtual events offerings. This platform integrates 3D product displays with existing augmented reality solutions, targeting various applications such as education and e-commerce. The company aims to drive revenue growth in 2022 through this innovative service, which has already hosted prominent clients like Amazon and Harvard. Key features include brandable 3D virtual sets and AR showrooms tailored for vendors, providing an interactive experience absent on traditional platforms.
Nextech AR Solutions Corp rebrands itself as a Metaverse Company and introduces the new term “ARitize” for its suite of augmented reality products. This strategic move aims to align with industry leaders who recognize the Metaverse as the future of technology. The ARitize Metaverse Studio is central to this initiative, providing a comprehensive platform for managing 3D assets and creating augmented reality experiences.
Nextech emphasizes that the rebranding reflects its growth and intent to lead in the emerging Metaverse economy.
Nextech AR Solutions Corp. (NEXCF) reported Q3 2021 financial results, revealing revenue of $5.7 million, a 23% increase year-over-year. Product sales rose 20% to $4.6 million, while technology services and software licenses grew by 22% and 153% respectively. However, gross profit declined by 39% to $1.8 million due to rising supply chain costs and a 6% decrease in profitability from product sales. The nine-month revenue totaled $19.6 million, with an 83% year-over-year increase, despite a net loss of $23.3 million.
Nextech AR Solutions Corp (OTCQB: NEXCF) has been invited to the Augmented Reality & 5G Workshop organized by GovTech Singapore and Singtel on November 17-18. This exclusive event will focus on leveraging 5G for enhanced AR experiences, featuring partnerships with major tech firms like Apple. Nextech will showcase its AR solutions, including Human Holograms and AR Portals. The participation signifies growing momentum in Nextech's AR portfolio as the company continues to advance in the metaverse space.
No press release information is available.
Nextech AR Solutions Corp (OTCQB: NEXCF) has announced plans to launch the Aritize Metaverse Studio, a SaaS platform allowing users to create personalized metaverse experiences. This platform integrates multiple AR solutions, enhancing interoperability with major metaverse platforms like Meta and Apple. Expected to launch in early Q1 2022, it aims to provide a first-mover advantage in the growing metaverse sector. Currently, over 600 developers use Nextech’s existing ARway Studio, which has begun generating revenue, positioning Nextech to capitalize on the SaaS model.
Nextech AR Solutions Corp (OTCQB: NEXCF) will release its third quarter 2021 financial results before market opening on November 11, 2021. Following this, a conference call will be held at 9:00 a.m. EST featuring CEO Evan Gappelberg and other executives to discuss the financial and operational results. The call can be accessed via toll-free and international dial-in numbers and a webcast link. The company emphasizes its focus on augmented reality platforms, although a significant portion of its revenue comes from e-commerce platforms including vacuumcleanermarket.com and infinitepetlife.com.
Nextech AR Solutions Corp (OTCQB: NEXCF) has successfully completed a private placement, raising approximately CAD $5 million. This involved the issuance of 3,030,304 common shares at CAD $1.65 each, along with warrants to purchase additional shares. The warrants have an exercise price of CAD $1.92 and are valid for three years. The funds will be allocated for working capital and strategic acquisitions. H.C. Wainwright & Co. acted as the exclusive placement agent, earning a CAD $400,000 commission and receiving broker warrants as part of the deal.
Nextech AR Solutions (OTCQB: NEXCF) will present live at VirtualInvestorConferences.com on November 4, 2021, at 9:00 AM ET. Investors can ask questions in real-time during this interactive online event. Those unable to attend can access an archived version later. Pre-registration is recommended for a smoother experience. Recent highlights include partnerships with Asian e-commerce aggregators and technology chosen by the City of London for a metaverse launch.
Nextech AR Solutions Corp. (OTCQB: NEXCF) announced a private placement to raise approximately CAD$5 million by issuing 3,030,304 Common Shares and Warrants. The shares will be sold at CAD$1.65 each, with warrants exercisable at CAD$1.92 for three years. Proceeds will support working capital and strategic acquisitions. The deal is expected to close around November 3, 2021. H.C. Wainwright & Co. is the exclusive placement agent. No securities are offered to Canadian residents.
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