Nextech3D AI - NEXCF STOCK NEWS

Nextech AR Solutions Corp (OTCQB: NEXCF) has changed its auditor from DMCL LLP to Marcum LLP, effective September 29, 2021. This transition aims to align better with its goals of listing on a U.S. exchange. There were no modifications in the Former Auditor's reports over the past two years, and no reportable events occurred between the Company and the Former Auditor. Additionally, Nextech's CEO and President took restricted shares in lieu of cash for services rendered, amounting to CAD 81,511 for 42,676 common shares at a deemed price of $1.91 CAD per share.

Nextech AR Solutions (OTCQB:NEXCF) has launched its innovative 'mini-metaverse' in London, establishing a key partnership with the City of London, which becomes its first paying customer. CEO Evan Gappelberg highlighted the significance of this launch, signaling a transformative moment in augmented reality technology. The company aims to broaden its reach within the metaverse sector, leveraging its platform to enhance user experiences. This development marks a notable step forward for Nextech AR in the rapidly growing digital landscape.

Nextech AR Solutions Corp (OTCQB: NEXCF) has launched a 'mini-metaverse' at Harmony at London Wall Place, utilizing its ARway spatial mapping technology. This development follows its acquisition of ARway, enhancing its capabilities in creating location-based 3D maps for augmented reality experiences. The project, co-commissioned by Culture Mile and Brookfield Properties, showcases AR artworks linked to the Guildhall School of Music & Drama and the London Symphony Orchestra. CEO Evan Gappelberg emphasized the potential for revenue generation and the advancement of their metaverse strategy.

Nextech AR Solutions Corp (OTCQB: NEXCF) has launched a mini-metaverse named “Harmony at London Wall Place” in the City of London, utilizing its ARway spatial mapping technology. This initiative follows the recent acquisition of ARway, enhancing Nextech's capabilities in creating accurate 3D mapping for augmented reality applications. CEO Evan Gappelberg emphasized the revenue-generating potential of this technology in various sectors, including e-commerce and education. A study predicts that by 2025, 75% of the global population will be frequent AR users, indicating significant growth opportunity.

Nextech AR Solutions Corp (OTCQB: NEXCF) has launched its new product, 3D Rooms, which enhances its Augmented Reality suite for ecommerce. This technology allows customers to visualize home furnishings in their own space using a simple 2D photo. The company aims to capture market share in AR by providing scalable 3D modeling capabilities through AI and machine learning. A notable contract has been secured with Lighting Plus in New Zealand to convert over 300 SKUs into AR models. This move marks a strategic addition to Nextech's revenue streams and reinforces its commitment to AR in retail.

Nextech AR Solutions Corp (OTCQB: NEXCF) announced the appointment of Marcum LLP as its new independent auditor, effective September 29, 2021, following the resignation of DMCL LLP at the company's request. Marcum, a leading firm with over 65 years of experience, is expected to align Nextech more closely with Nasdaq-listed technology companies. The company reported no opinion modifications from DMCL on its financial statements in the past two years. Nextech will complete the change of auditors as per regulatory requirements and will update investors accordingly.

Nextech AR Solutions Corp (NEXCF) announces significant growth in the augmented reality sector, reporting a 130% revenue increase to $13.8 million in the first half of 2021. The company is set to launch an eCommerce SaaS platform shortly and has outlined plans for additional platforms in the education and metaverse sectors. Key acquisitions in 2021, including Threedy.ai and ARway, are expected to enhance product offerings. The company is also focused on transitioning to a SaaS model, aiming to drive recurring revenue, with a cash position of $15.4 million as of June 30, 2021.

Nextech AR Solutions Corp (OTCQB: NEXCF) has launched its innovative CAD to POLY solution, aimed at transforming CAD files into optimized 3D meshes for AR applications. This advancement positions Nextech to capitalize on the $11 billion CAD market. A provisional patent has been filed, enhancing scalability for their ecommerce 3D models. The company plans to offer this CAD to POLY technology as a SaaS product in 2022, which is already in use by select customers. Key players in the CAD market, including Dassault Systemes and Autodesk, have been identified as potential clients.

Nextech AR Solutions Corp. (OTCQB: NEXCF) announces the upcoming launch of its self-service AR for ecommerce SaaS platform, set for early October 2021. The platform aims to democratize AR technology for both large and small ecommerce sites, providing an affordable option for enhanced customer experiences. Major retailers like Kohls and K-Mart Australia already utilize Nextech's AR technology, contributing to over 330,000 AR experiences served last month alone. This SaaS model is expected to create thousands of 3D models weekly, catering to the growing demand for AR in ecommerce.