Nextech AR Solutions (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), a Metaverse company and leading provider of augmented reality (“AR”) experience technologies and services, has inked several new 3D modeling ecommerce agreements. The adoption of Nextech AR and 3D models is increasing, affirming the company’s ability to offer its customers a competitive edge. These agreements provide NEXCF with a growing base of annual recurring revenue and monthly recurring revenue. According to the announcement, the company will be producing some 400 3D models; this is in addition to the 1,500 announced last week. “I believe that 3D models are a must-have in 2022 and beyond and that it will become increasingly difficult and eventually impossible to compete and do business online without 3D models when your competitors are adopting this technology,” said Nextech AR CEO Evan Gappleberg in the press release. “3D technology gives ecommerce leaders a competitive edge during both a good and challenging economy such as now. What’s ultimately pushing ecommerce leaders to move toward 3D models is the bottom line impact of profitability or ROI. . . . Due to a high ROI, we’re seeing a rapid market adoption, which is evident through our consistent flow of ARitize 3D deal signings across various industries as reported here. We’re pleased to keep announcing deals because we keep signing deals. It is a very exciting and dynamic time at Nextech as 3D models and really all our Metaverse technology that we have spent the last four years building is being adopted. I believe that our current share price is not reflecting our potential.”
To view the full press release, visit https://ibn.fm/2pv3W
About Nextech AR Solutions Corp.
Nextech AR Solutions is the engine accelerating the growth of the Metaverse. Using breakthrough AI, Nextech AR is able to quickly, easily and affordably ARitize (transform) vast quantities and varieties of existing assets at scale making products, people and places ready for interactive 3D use and giving creators at every level the essential tools they need to build out their digital AR vision in the Metaverse. The company’s platform agnostic tools allow brands, educators, students, manufacturers, creators and technologists to create immersive, interactive, photo-realistic 3D assets and digital environments; compose AR experiences; and publish those experiences omnichannel. With a full suite of end-to-end AR solutions in 3D commerce, education, events and industrial manufacturing, Nextech AR is in a unique position to meet the needs of the world’s biggest brands and all Metaverse contributors. Nextech funds the development of its AR and Metaverse growth initiatives through its e-commerce platforms, which currently generate most of its revenue. Nextech’s e-commerce platforms include vacuumcleanermarket.com (“VCM”), infinitepetlife.com (“IPL”) and Trulyfesupplements.com (“TruLyfe”) along with product sales of residential vacuums, supplies and parts, and small home appliances sold on Amazon. These e-commerce platforms serve as an incubator for developing and testing Nextech’s leading-edge AR, AI and machine-learning applications for powering next-generation e-commerce technology. For more information about the company, please visit www.NextechAR.com.
NOTE TO INVESTORS: The latest news and updates relating to NEXCF are available in the company’s newsroom at https://ibn.fm/NEXCF
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