NexTech AR Solutions Corp (OTCMKTS:NEXCF) (CSE:NTAR), the augmented reality (AR) focused tech group, continues to expand its reach as it announced a new customer deal with retailer Weby Corp.
Weby is a multi-brand eCommerce dealer for hunting, shooting, camping and running gear and has been placed on Inc. 5000 list of the fastest-growing companies in America six years in a row.
It will now use NexTech’s eCommerce platform to enhance customer-product engagement and drive increased multi-channel sales for the brands it represents.
READ: NexTech AR Solutions' 3D augmented reality solution for eCommerce can integrate with Facebook Messenger
"Market leaders like Weby know the revenue positive impact that the adoption of next-generation technologies can have on driving an organization’s bottom line," said Evan Gappelberg, CEO of NexTech AR.
"With our full stack of AR Solutions, Weby will be able to increase their customer engagement, add to cart rates, and revenue while reducing product returns, all visible and measurable through our real-time analytics dashboard," he added.
"This deal is an important part of our new major expansion contract with Walther Arms to provide its dealers, numbering in the thousands, with the WebAR 3D experience."
Kate Lobanova, the head of Marketing at Weby, added: "We believe that augmented reality can personalize the shopping experience for our customers."
NexTech is the first publicly traded “pure-play” AR company and began trading on the CSE on October 31 last year. It has developed a proprietary AR advertising platform that connects consumers to brands and retail locations through a fully immersive AR experience.
The company says it has a 'two-pronged' strategy for rapid growth including growth through acquisition of eCommerce businesses and growth of its omnichannel AR SaaS platform called ARitize.
Earlier this month, it revealed that its augmented reality (3D/AR) solution for eCommerce could now be integrated into the giant Facebook Messenger system.
The move brings the firm even deeper into the eCommerce marketplace and will mean many more customer wins, the firm told investors in a statement.
Shares in Toronto nudged up 0.54% to C$1.85.
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Contact the author at giles@proactiveinvestors.com