Welcome to our dedicated page for Nextech Ar Solutions news (Ticker: TGGLF), a resource for investors and traders seeking the latest updates and insights on Nextech Ar Solutions stock.
Overview of Nextech Ar Solutions Corp
Nextech Ar Solutions Corp (symbol: TGGLF) is at the forefront of integrating artificial intelligence and augmented reality with 3D digital content creation. The company leverages proprietary generative AI technology to convert traditional CAD files into photorealistic 3D models with stunning 4K texturing, catering to diverse industries including e-commerce, manufacturing, retail, and more. By harnessing advanced artificial intelligence, the company offers an innovative SaaS platform that streamlines 3D model customization, rapid prototyping, and augmented reality applications.
Core Business and Technology
At its core, Nextech Ar Solutions Corp is a technology innovator that generates revenue primarily through cloud-based software subscriptions, licensing of its patented IP, and a dynamic 3D model marketplace. Its proprietary AI mesh search algorithm enables users to search and retrieve precise 3D meshes using simple 2D images, thereby revolutionizing the process of 3D model creation and texture customization. The platform’s capabilities include converting CAD files into high-resolution textures and models, empowering designers, artists, and marketers with easy-to-use tools that eliminate the traditionally high barriers to entry in high-quality 3D content creation.
Industry Position and Competitive Differentiation
Nextech Ar Solutions Corp positions itself uniquely in the $160 billion CGI landscape by integrating multiple technologies into a single package. Its technology stack not only simplifies the production of 3D content but also provides a comprehensive end-to-end solution—from generating customizable models to managing digital assets via an integrated Content Management System (CMS). This integration minimizes production costs normally associated with traditional photo shoots and manual 3D model adjustments, while the company’s AI-powered capabilities enable rapid turnarounds and scalable output for both small and large enterprises.
Business Model and Revenue Streams
The company operates through a diversified revenue model. It earns income from:
- Subscription Services: Offering a cloud-based platform with advanced 3D modeling and AR tools for a range of users.
- Marketplace Royalties: Charging royalties on 3D mesh and model sales from its extensive library of digital assets.
- Licensing Agreements: Monetizing its proprietary AI tools and patented technologies through licensing to major e-commerce and retail partners.
This multifaceted approach allows Nextech Ar Solutions to sustain innovation while capturing new revenue opportunities driven by evolving digital content trends.
Applications and Industry Impact
Nextech Ar Solutions Corp’s technology serves a broad spectrum of applications. E-commerce retailers benefit by showcasing their products with immersive, high-quality 3D visuals that enable potential customers to interact with products in an augmented reality setting. Beyond retail, the company’s solution is well-suited for industries such as automotive, consumer packaged goods (CPG), and manufacturing where rapid prototyping and detailed visualizations are critical. The integration of AI into the workflow not only boosts productivity but also empowers users to achieve unprecedented levels of customization in texture and design.
Commitment to Innovation and Quality
By continuously refining its technology, Nextech Ar Solutions Corp demonstrates a commitment to excellence through a culture of ongoing innovation. The company leaves no stone unturned in elevating the technical standard of digital imaging and 3D model rendering. The use of industry-specific terminology, robust AI integrations, and an easy-to-navigate platform solidify its reputation for technical expertise and reliability, positioning it as an indispensable tool for modern digital content creation and augmented reality experiences.
Evan Gappelberg has acquired 2,566,666 common shares of Toggle3D.AI Inc. through a private placement transaction on February 21, 2025. This acquisition represents approximately 6.7% of all issued and outstanding shares of the company.
Prior to the acquisition, Gappelberg held 1,559,718 shares and convertible securities for an additional 750,000 shares, representing about 4.3% of outstanding shares (6.4% if converted). Following the acquisition, he now holds 4,126,384 shares plus the convertible securities, representing approximately 10.8% of outstanding shares (12.5% if converted).
The acquisition was conducted outside stock exchange facilities, and the holdings are managed for investment purposes. The acquirer may increase or decrease their investment position based on market conditions or other factors.
Toggle3D.Ai (CSE:TGGL)(OTC:TGGLF) has announced the completion of a share issuance to CEO Evan Gappelberg, consisting of 2,566,666 common shares at a deemed price of CAD$0.06 per share. The issuance was made in consideration of outstanding indebtedness owing to the CEO.
The issued shares are subject to a four-month holding period ending June 21, 2025, in compliance with securities regulations. The company states this move is part of their strategy to align leadership interests with shareholders and promote long-term value creation.
Toggle3D.Ai Inc. (CSE:TGGL)(OTC:TGGLF) has announced a change in its fiscal year-end from January 31 to March 31. This change aims to better align the company's financial statement and continuous disclosure requirements with its affiliates, streamlining reporting obligations.
The company plans to file its annual disclosures in late July 2025, which will cover a 14-month period ending March 31, 2025. These disclosures will include audited financial statements in accordance with National Instrument 51-102. Further details about the fiscal year-end change and interim reporting procedures will be available in the Company's Notice of Change of Financial Year-End on SEDAR.
Toggle3D.ai (CSE:TGGL)(OTC:TGGLF) has announced that CEO Evan Gappelberg has acquired 2,566,666 common shares at a deemed price of $0.06 per share, totaling $154,000. This share issuance was made in lieu of cash salary compensation for the past few years.
The shares will be subject to a statutory hold period of four months and one day following issuance, pending approval from the Canadian Securities Exchange. Toggle3D.ai specializes in AI-powered tools for the ecommerce industry, with their ToggleStudios' AI photography system creating hyper-realistic product images from 2D images and 3D models.
Toggle3D.ai (OTCQB:TGGLF) has announced significant changes in its leadership and stock options issuance. The company has appointed Evan Gappelberg as CEO, replacing Hareesh Achi with immediate effect. Additionally, the company issued several stock options: 50,000 two-year options at $0.095/share to new board member Peter Bloch, 500,000 two-year options at $0.095/share to CFO Anum Wagas, and 50,000 two-year options at $0.095/share to board member Anthony Pizzonia.
Peter Bloch joins the board with extensive experience as a CPA and CA, having previously served as CEO of BresoTEC Inc. and Bionik Laboratories. His track record includes significant roles at Sanofi Canada, Intellivax Inc., Tribute Pharmaceuticals, Gennum , and Just Energy, managing companies with revenues up to $2 billion.
Toggle3D.ai (TGGLF) has announced contingency measures for shareholders regarding the upcoming annual general meeting on January 17, 2025, due to potential disruptions from the ongoing Canada Post strike. While meeting materials may face delivery delays, shareholders can access documents electronically via SEDAR+ and the company's website.
The company has established alternative voting methods: registered shareholders can contact Computershare for voting control numbers, while those holding shares through intermediaries should contact their brokers. Shareholders can request meeting materials directly from the CFO via email or phone at no charge.
Toggle3D.ai (OTCQB:TGGLF) announced changes to its Board of Directors. Board member Belinda Tyldesley has departed for personal reasons, and the company has appointed Peter Bloch as her replacement. Bloch brings extensive executive experience, including roles as CEO of BresoTEC Inc. and Bionik Laboratories. He is a CPA with a 25-year track record in building technology companies, particularly in life sciences.
Bloch's notable positions include CFO roles at Sanofi Canada, Intellivax Inc. (sold for $1.75B to GlaxoSmithKline), Tribute Pharmaceuticals, Gennum , and Just Energy. He has managed companies ranging from startups to $2B+ revenue enterprises and serves as an advisor to Mars Discovery District.
Toggle.ai announces the integration of its FOTOgpt.ai Studio into ARway.ai's Map Dynamics (MapD) platform, extending AI photography capabilities to over 400 enterprise clients. The integration enables MapD's event management platform users to create professional-grade visual content for trade shows, conferences, and expos.
The partnership aims to generate new revenue streams by offering AI-driven photography tools to event organizers, exhibitors, and sponsors. MapD's client base includes notable organizations like American Tradeshow Services, ISACA, AAPC, and NACE, with strategic partnerships including IAEE, TNSAE, and AENC.
Toggle3D.ai has announced its rebranding as FOTOgpt.ai, focusing on AI-powered photography solutions. The company plans to launch an API plugin in December 2024 and a standalone mobile app in Q1 2025. The platform offers automated image generation capabilities, producing high-resolution images (1K to 4K) within minutes. Key features include low-cost operations, instant results, versatile product angles, and e-commerce optimization. The system uses a pay-as-you-go credit model and is designed for both professional photographers and casual users, particularly targeting e-commerce merchants on platforms like Amazon, Etsy, and eBay.
Toggle3D.ai has launched its new Photo Studio API, a scalable tool for AI-powered image processing and editing. The API offers features including image retouching, background removal, color adjustments, and automated editing workflows, with support for bulk operations processing thousands of images simultaneously. The solution targets e-commerce, social media, marketing, and creative industries, providing high-quality image production with minimal latency. The API includes function calling for third-party tool integration and offers flexible pricing based on API call volume.
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