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.
Nextech AR Solutions Corp. has appointed Bradley Gittings as the new Vice President of Investor Relations. With over twenty years of experience, he plans to enhance investor communications as the company expands its reach. Gittings previously co-founded Agama Partners and has significant industry experience, including working with major financial institutions. Nextech aims to establish an institutional-class IR program to better engage with investors. The company also granted 60,000 stock options at $2.14 per share to employees and consultants, highlighting a commitment to growth.
Nextech AR Solutions Corp has expanded its partnership with Kohls to scale up WebAR for e-commerce, creating thousands of new 3D models to enhance the customer experience. This collaboration began with Kohls' recognition of Threedy.ai as a preferred option for integrating AR into their offerings. The extensive testing conducted through Kohls' Innovation Center validated the return on investment. This move positions Kohls' products to be featured in Google's 3D AR Search Program, allowing customers to engage with products dynamically.
Nextech AR Solutions Corp has expanded its partnership with Kohls to scale up WebAR for Ecommerce, producing thousands of new 3D models. This development aims to enhance the AR shopping experience for Kohls' customers, allowing them to interact with products within any backdrop. Kohls' selection of Threedy.ai for this initiative promises ROI by boosting customer engagement and reducing return rates. Furthermore, Nextech's recent inclusion in Google's 3D AR Search Program will enhance visibility for Kohls' products in search results, leveraging AR technology to improve e-commerce.
Nextech AR Solutions Corp (OTCQB: NEXCF) has finalized its acquisition of U.K.-based ARWAY Ltd., enhancing its augmented reality capabilities with cutting-edge 3D mapping technology. The all-stock deal allows Nextech to develop 'mini-metaverses', targeting significant market opportunities. The acquisition will see key ARWAY founders join Nextech’s team, strengthening leadership in spatial computing. Following the deal, Nextech issued 609,666 shares at CAD$2.06 each, subject to trading restrictions for up to 23 months. This strategic move positions Nextech for growth in the evolving metaverse market.
Nextech AR Solutions Corp. (OTCQB: NEXCF) announces its partnership with Google as an early access provider for the Google 3D AR Search Program. This collaboration allows current Threedy.ai customers, including major retailers like Kohl’s and Pier 1, exclusive access to 3D models featured in Google's search results. This move is expected to enhance product visibility and customer engagement through augmented reality experiences. With Google processing over 3.5 billion searches daily, Nextech aims to leverage this significant market reach through its AI-powered 3D model creation platform.
NexTech AR Solutions Corp. (OTCQB:NEXCF) announced the advancement of its ad technology, integrating with SNAP, Facebook, and Instagram, expanding its 3D/AR advertising capabilities beyond Google. This strategic move positions NexTech to access a vast audience, leveraging SNAP's 293 million, Instagram's 500 million, and Facebook's 1.9 billion daily active users. CEO Evan Gappelberg emphasized readiness to capitalize on the growing AR advertising market, projecting mobile AR revenue to reach $21.02 billion by 2024.
NexTech AR Solutions Corp (OTCQB: NEXCF) has launched its next-generation advertising technology, integrating 3D ads on Google's platform without requiring app downloads. This upgrade utilizes WebXR to deliver engaging AR experiences and provides detailed analytics for customers, enhancing their digital advertising effectiveness. CEO Evan Gappelberg highlighted that their 3D ads yield a click-through rate of approximately 5%, significantly higher than Google's average. This strategic move positions NexTech to leverage Google's extensive reach, aiming for increased market engagement in the AR advertising space.
NexTech AR Solutions Corp. (NEXCF) reported strong financial results for Q2 2021, with revenues of $6.1 million, a 73% increase from $3.5 million in Q2 2020. Gross profit rose to $2.3 million, up over 6%. For the first half of 2021, revenue surged 130% to $13.8 million, with gross profit increasing 59% to $5.6 million. The company had cash on hand of $15.4 million as of June 30, 2021. Additionally, NexTech acquired Threedy.ai Inc., enhancing its capabilities in augmented reality model production.
Nextech AR Solutions Corp. (OTCQB: NEXCF) announced the acquisition of ARway, enhancing its capabilities in building the Metaverse. The acquisition provides a spatial mapping platform essential for augmented reality applications. Nextech's CEO, Evan Gappelberg, and ARway's CEO, Baran Korkmaz, will discuss this development in a livestream scheduled for August 11, 2021, at 12:30 PM ET. This strategic move aims to position Nextech as a leader in AR for eCommerce and virtual experiences.
Nextech AR Solutions Corp. (OTCQB: NEXCF) has announced a definitive agreement to acquire U.K.-based ARWAY in an all-stock transaction valued at approximately US$1 million. This strategic move is aimed at enhancing Nextech's capabilities in the evolving Metaverse space. ARWAY's spatial mapping platform will enable Nextech to offer immersive experiences for various locations, including museums and sports stadiums. The acquisition is expected to close in August 2021, pending regulatory approvals and shareholder support.
