TORONTO, ON / ACCESSWIRE / October 11, 2023 / Nextech3D.AI (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is pleased provide an update to the Company's investors on its four business units. As a diversified technology Company, each of its businesses ARitize3D, MapD, Toggle3D.ai, ARway.ai delivers a solution powered by proprietary AI, 3D, AR, and ML.
The Company released its last shareholder update in June 2023, which outlined its Q1 highlights, 3D model updates including in partnership with Amazon, and its patents.
Download the Nextech3D.ai Investor Deck breaking down all business units - click here
ARitize3D - 100% owned by Nextech3D.ai
Nextech3D.ai has surpassed a major milestone in 2023 having delivered more than 60,000 3D models to its satisfied customers. This remarkable achievement reflects a notable surge in both production and demand throughout 2023. Nextech3D.ai is at the forefront of the massive and growing 3D modeling industry and provides 3D models for major e-commerce giants including Amazon, Kohls, CB2 and others. Due to a strong ROI on 3D models the Company has been seeing a growing market appetite for immersive and interactive shopping experiences.
In August 2023, the Company reported its Q2 & 6 months 2023 Financial Highlights. These included:
Additional highlights for the Company in 2023 have included its significant expansion of its 3D modeling business to include the Gaming and Manufacturing industries, the announcement of the filing to uplist to the Nasdaq Capital Market, and a number of notable contract signings.
MapD - 100% owned by Nextech3D.ai
This is Nextech3D.ai's Event Solutions Platform (formerly Map D) which includes the following components:
Interactive Floor Plan
The Map D interactive floor plan is a powerful tool for tradeshows, festivals, and conferences. With information-rich profiles, it's easy to build out a marketplace of participating vendors and connect them to attendees, sessions, speakers, and more. The floor plan is easy to navigate, search, and bookmark, making it an essential tool for any event with a vendor marketplace.
Booth Sales
Conference organizers can sell booth space to exhibitors with customizable gateway and checkout scenarios. The product allows clients to view the real-time availability of booths and their sales status. It allows exhibitors to reserve a booth or pay for it using a credit card directly from the floorplan.
Mobile App
The app combines the current MapD event management solutions technology with ARway, the AI-powered Augmented Reality Navigation platform with a disruptive no-code, no-beacon spatial computing solution, creating an industry-first augmented reality / artificial intelligence combined solution for event management providers and bringing Augmented Reality to live, in-person conferences and trade shows.
Map D has had a number of notable updates in recent months. These include the following:
Map D successfully launch updated version of Event mobile app, updates include New UX, Push Notifications, Gamification, and Networking.
Toggle3D.ai - OTCQB: TGGLF / CSE: TGGL (45% owned by Nextech3D.ai)
Nextech3D.ai accomplished its second spin-out launching Toggle3D.ai, (OTCQB: TGGLF | CSE: TGGL | FSE: Q0C ) a groundbreaking SaaS solution that utilizes generative AI to convert CAD files, apply stunning 4K texturing, and enable seamless publishing of superior 4K 3D models, serving various industries within the $160 billion CGI market. The Company retains a 45% stake with 13 million shares in Toggle3D.ai. With its Augmented Reality-based rapid prototyping web app, Toggle3D empowers designers, artists, marketers, and eCommerce owners to effortlessly convert, texture, customize, and publish high-quality 3D models and experiences, regardless of technical or 3D design expertise.
Toggle3D - Q4/2023 and 2024
ARway.ai - OTCQB: ARWYF /CSE:ARWY 45% owned by Nextech3D.ai
ARway recently signed a number of new partnership deals, including:
In addition, there have been a number of notable catalysts, which have increased pipeline growth significantly:
These enterprise deals represent a significant revenue opportunity for ARway.ai as it expands its reach across the globe in the indoor navigation industry.
On the technology side, ARway.ai launched Version 2.5, including AI-assisted pathfinding catering to the demand for inclusive, accurate, and user-friendly navigation solutions, new visually stunning navigation path styles, advanced creator tools, and more, fortifying its market position as a key player in the industry. Version 2.6 was released Sept 28, 2023 and builds upon these features, offering even more advanced capabilities such as multi-map and multi-floor navigation capabilities on the Web Creator Portal, a comprehensive location directory and improved onboarding experience, ensuring ARway's technology remains at the forefront of the Augmented Reality industry.
Apple Vision Pro Developer Labs
Earlier this month, ARway announced the Company was selected to participate at Apple's Vision Pro Developer Labs in Cupertino, California. ARway is pleased to report that at the developer labs, the Company completed a first build of the ARway Platform on Apple's Vision Pro hardware and realityOS operating system at Apple Park, Cupertino where developers got exclusive access to early prototypes of the headsets.
Watch a video showcasing the new version 2.6 of the ARway platform - click here
Transition to SaaS
ARway recently announced the transition to a SaaS business model, and is now able to offer its Starter and Developer user plans through self-serve sign-up. This automation of the sales process will result in increased revenue, expanded distribution channels, increased usage and traction, and is timed perfectly with future developments in ARway technology and the spatial computing industry. ARway is already gaining popularity with developers, partners and enterprise clients, and the addition of SaaS will further the quick adoption of the Company's easy-to-use platform with this automated sales experience
ARway currently offers 5 distinct plans: Starter, Student, Developer, Partner and Corporate:
ARway has experienced significant growth to date in 2023, with 1206% increase in active users with 3322 total and a 2050% increase in pilots & trials with 43 total.
ARway - Q4/2023 and 2024
Looking ahead for the remainder of the year and into 2024, investors can expect ARway to experience an increase in sign ups for its Developer, Student, and Developer Pro SaaS plans, as well as major enterprise contracts.
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The Public Company CEO Experience Podcast
Nextech3D.ai has recently released "The Public Company CEO Experience Podcast," featuring Evan Gappelberg, a highly accomplished three-time public company CEO and serial entrepreneur. The podcast offers listeners an exclusive behind-the-scenes look into the dynamic life of a public company CEO with valuable insights, while also discussing trending topics and providing business updates on Nexech3D.ai, Toggle3D.ai, and ARway.ai. To learn more please visit: https://www.nextechar.com/investors/the-ceo-experience
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About Nextech3D.ai
Nextech3D.ai or the "Company," (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), is a versatile augmented reality and AI technology company that utilizes its proprietary artificial intelligence (AI) to craft immersive 3D experiences at scale for E-COMMERCE. The Company's primary focus lies in creating high-quality 3D WebAR photorealistic models for Amazon and various other online retailers. Nextech3D.ai has adopted a unique approach to creating shareholder value beyond its operating business of creating 3D models.
The Company also develops or acquires disruptive AI-technologies, which are subsequently spun out to shareholders as standalone public companies. This spin-out strategy allows Nextech3D.ai to issue stock dividends to its shareholders while maintaining significant ownership in the public spin-out, without dilution to the parent company Nextech3D.ai.
Notably, Nextech3D.ai successfully spun out "ARway," (OTCQB: ARWYF | CSE: ARWY | FSE:E65 ) its spatial computing platform, as a standalone public company on October 26, 2022. The Company retains a 49% stake with 13 million shares in ARway Corp. while distributing 4 million shares to Nextech AR shareholders.
Similarly, Nextech3D.ai accomplished its second spin-out launching Toggle3D.ai, (OTCQB: TGGLF | CSE: TGGL | FSE: Q0C ) an AI-powered 3D design studio aimed at competing with Adobe. The Company retains a 44% stake with 13 million shares in Toggle3D.ai Corp.
To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn, and Facebook, or visit our website: https://www.Nextechar.com.
For further information, please contact:
Investor Relations Contact
Lindsay Betts
investor.relations@Nextechar.com
866-ARITIZE (274-8493) Ext 7201
Nextech3D.ai
Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)
Forward-looking Statements
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, "will be" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Nextech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
SOURCE: Nextech3D.ai