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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 Corp. (OTCQB: NEXCF) announced that its acquired Map Dynamics platform generated approximately $500,000 in revenue since acquisition. Recognized as the “Supporting Associate Organization of the Year” by the Florida Society of Association Executives, Map Dynamics services nearly 700 associations connected to thousands of businesses. CEO Evan Gappelberg highlighted significant growth opportunities in the AR sector, with access to nearly 100,000 industry associations in North America, aiming to educate them about AR solutions benefiting their members.
Nextech AR Solutions Corp. has completed the acquisition of Threedy.ai, Inc., a 3D AI modeling company, for US$9.5 million. The acquisition aligns with Nextech's strategy to develop an integrated AR/AI enabled platform targeted at e-commerce clients. Upon closing, Nextech issued 3,877,551 common shares valued at US$2.45 each, subject to trading restrictions for up to 23 months. This acquisition aims to enhance Nextech's capabilities in creating scalable 3D models rapidly for its customers.
Nextech AR Solutions Corp. (NEXCF) has acquired Threedy.ai, Inc., an AI company based in Silicon Valley, for US$9.5 million in an all-stock deal. The acquisition is set to close on or about June 25, 2021. This strategic move aims to enhance Nextech's augmented reality platform by integrating Threedy's AI-driven 3D model creation technology, allowing users to transform 2D images into AR-enabled 3D models quickly. This innovation is projected to significantly improve e-commerce experiences and scalability for retailers.
Nextech AR Solutions Corp. (CSE: NTAR) (OTCQB: NEXCF) highlighted its position in the rapidly expanding $106 billion EdTech market through a recent broadcast. With remote learning evolving, the integration of augmented reality (AR) is set to enhance educational experiences. The global AR market is projected to grow at a 43.8% CAGR, reaching $340.2 billion by 2028. Nextech is actively involved in AR development, catering to notable clients like Budweiser and IBM, while generating revenue from its e-commerce platforms.
Nextech AR Solutions Corp. (CSE: NTAR) (OTCQB: NEXCF) has been featured in an editorial by NetworkNewsWire, discussing the growing $106 billion edtech market. The COVID-19 pandemic accelerated digital transformation in education, highlighting a sustained demand for edtech solutions. Nextech collaborates with Microsoft to enhance higher education experiences through augmented reality. While the company specializes in AR platforms, a significant portion of its revenue comes from e-commerce ventures, including VacuumCleanerMarket.com, InfinitePetLife.com, and TruLyfeSupplements.com.
Nextech AR Solutions Corp. (OTCQB: NEXCF) has launched an exclusive early access program for 100 users to create and share human holograms as part of its HoloX development. This program aims to enhance AR applications in diverse areas such as dating, virtual support, and marketing. The company anticipates a full HoloX release in Q3 2021. The innovative technology is expected to generate significant market interest, with Gartner predicting the digital human economy could be worth $125 billion by 2035.
Nextech AR Solutions Corp. (OTCQB: NEXCF) has been awarded up to $150,000 from eCampusOntario for developing augmented reality (AR) learning experiences in partnership with Ryerson University. This funding aims to enhance post-secondary education through the RALE 2.0 platform, which focuses on improving student engagement and technology adoption. CEO Evan Gappelberg highlighted the initiative's importance in transforming higher education, especially in a post-COVID-19 landscape. The project extends Nextech's collaboration with educational institutions to innovate learning solutions.
Nextech AR Solutions Corp. (NEXCF) announces its EdTechX platform has achieved Co-sell Ready status with Microsoft. This partnership allows Nextech to leverage Microsoft's global sales teams to enhance customer outreach. The EdTechX solution transforms educational experiences through augmented reality and is discoverable on the Azure marketplace across 141 locations. Notable institutions like Ryerson University have adopted this technology. CEO Evan Gappelberg emphasized the scaling opportunities presented by this milestone, envisioning a significant role for AR in education.
Nextech AR Solutions Corp. (OTCQB: NEXCF) will present virtually at the LD Micro Invitational XI on June 8, 2021, at 5:00 PM ET. The event is part of a three-day investor conference featuring around 180 companies. The AR market is projected to grow from USD $10.7B in 2019 to USD $72.7B by 2024, with a CAGR of 46.6%. The company's AR platforms enhance e-commerce and digital experiences, including hybrid events and training. Interested viewers can register for the event HERE.
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