Company
OTCMKTS: NEXCF
Nextech3D.ai is a diversified augmented reality, AI technology company that leverages proprietary AI to create 3D experiences for the $5.5 trillion ecommerce industry. Its main businesses are creating 3D WebAR photorealistic models for Amazon as well as many other online retailers. The company develops or acquires what it believes is disruptive technology.
515 stories · page 4 of 6
“This launch of the BigCommerce app is another milestone for Nextech and showcases that we are continuing to hit our targets, providing us with another distribution channel and placing our ground-breaking AI-powered 3D modeling technology i
The Metaverse Suite gives users access to Nextech’s technology – 3D Modeling, 3D Holograms and 3D Mapping capabilities – using one login and account
Since the launch of its 3D/AR modeling self-serve app with Shopify, Nextech said it has quickly expanded its reach to small and medium-sized eCommerce websites and is currently in the top 2% or in the 98th percentile of apps downloaded in t
By scanning the QR code on the packaging, consumers will be introduced to Bothwell's own chef John via a floor anchored human hologram who will walk them through its lactose-free cheese portfolio and explain the benefits of new products
"We are in the market and generating revenue with most of this technology today while we are building the groundbreaking, disruptive technology of tomorrow that is critical for 3D and AR experiences for the Metaverse," said CEO Evan Gappelb
The metaverse company, which develops and operates augmented reality platforms, has rapidly expanded its offerings for 3D models and AR for eCommerce business into adult, fashion, nap pods and flooring, amongst others
"With a nascent market projected to increase by 289% per year over the next five years, NexTech as a unique public pure-play that could deserve a higher valuation," the Zacks analysts concluded
The company posted revenue of $25.9 million for the financial year ending December 31, 2021, a 47% increase from the previous year
The company said its exclusive metaverse solution, ARitize Maps, will be used by technology enthusiasts to envision the future of the metaverse by merging the physical and digital world
NexTech is positioning itself to become a leading provider of 3D models and augmented reality solutions to the e-commerce industry, analysts wrote in a note, with a clearly laid-out path to profitability
"2021 was a transformative year for Nextech as we became a Metaverse company and we succeeded in moving our business model to a much stronger annual recurring revenue formula,” CEO Evan Gappelberg said
In the second quarter, the company shared that ARitize Holograms will be integrated directly with Nextech's Metaverse Studio and ARitize Maps, allowing for human holograms to be dropped into and viewed in the metaverse
It has signed multiple 3D model AR e-commerce deals across a number of industries, expanding the company’s reach further into the emerging space
"These two new 3D/AR solutions are part of our bigger mission which is to be the first vertically integrated AI powered 3D model factory for the metaverse,” said Nextech CEO Evan Gappelberg
"By partnering with SHOPLINE we are positioning our ground-breaking technology front and center into the Asian ecommerce market," said Nextech CEO Evan Gappelberg
Kmart Australia has signed an annual contract for not only 500 homeware SKUs but also Nextech’s ARitize Decorator platform (formerly known as 3D Rooms)
With the launch of ARitize Maps, the company is continuing to expand its ARitize Studio by offering yet another frictionless and seamless solution for everyone to enter the metaverse, the company said
The deal will leverage Nextech’s ARitize CAD 3D modeling solution for furniture manufacturers, creating 3D models at scale from CAD files
The app extends Nextech’s 3D model creation technology to merchants on the popular ecommerce platform and allow the merchants themselves to create 3D/AR models
The Vancouver-based metaverse company issued 8,130,082 shares and warrants to purchase up to an aggregate of 8,130,082 shares at a purchase price of C$1.23
Alongside other major players in the tech industry, joining Khronos affirms the company as a key player and thought leader in the metaverse and 3D modeling industry, Nextech said
Under the placement, the company said it will issue 8,130,082 common shares and warrants to purchase up to an aggregate of 8,130,082 common shares at a purchase price of C$1.23 per common share and associated warrant
Nextech told investors that it believes it is the first to market with a self-service AR SaaS platform for ecommerce
The company also is preparing to launch in the second quarter of 2022 the capability to showcase these NFTs in any Metaverse
The company is contracted to produce 2,500 3D models to be distributed through the client’s online subsidiaries globally
ARitize CAD enables the conversion of CAD files into 3D AR models at scale at a price and quality that the company believes is best in class
“I’m putting my money where my mouth is. I hope that investors will take note of how much management believes in Nextech’s future potential,” Gappelberg told investors
By leveraging its AI-powered 3D model factory, ARitize 3D, the company said it has expanded its 3D for ecommerce business into winter sports equipment, ultra-specialized furniture markets, eyewear, consumer goods, handbags and more
This deal utilizes Nextech’s virtual events and Metaverse Studio as a managed service, which includes 3D AR booths, human holograms, 3D AR product experiences, and augmented reality ads
With this integration, the company has added a 5% platform fee on top of all transactions with 3% collected by Stripe and 2% collected by Nextech.
“Cryptocurrency has emerged as a critical part of the evolution of finance, just as the metaverse is the evolution of the internet from 2.0 to 3.0,” CEO Evan Gappelberg said
Gappelberg told shareholders that he does not believe the company’s current share price reflects the upside potential of its businesses
The Vancouver, British Columbia-based company is now unveiling its new SaaS pricing model, expanding Nextech’s revenue opportunity into a no-touch service with monthly recurring revenue
“We are pleased to have Jeff as the chair of the Audit Committee for Nextech, and to utilize his extensive technology experience and financial background to fuel the ongoing growth of our company,” CEO Evan Gappelberg said
The company said that with the integration, immersive virtual events will be available as part of its growing suite of metaverse solutions
The Vancouver-based augmented reality firm said in a statement that it is rebranding as “Nextech AR Solutions, a Metaverse company"
For the three months ended September 30, the company banked $5.7 million in revenue, a 23% increase compared to the year-ago period
Of the device partners — including Apple, Microsoft Hololens, Magicleap, Realwear, and MAD Gaze — Apple chose Nextech to highlight the company’s AR technology on its devices
ARitize Metaverse Studio will bring all of Nextech’s solutions into one web-based studio and will be interoperable with other platforms like Meta’s AR Spark Studio, Snap’s Lens Studio and Apple’s Reality Composer
The net proceeds of the private placement will be used by the company for working capital and general corporate purposes, including, without limitation, acquisitions of assets used in the company’s business and strategic transactions and/or
Net proceeds from the financing will be used for working capital and general corporate purposes, including strategic acquisitions
It believes this strategy of onboarding referral partners will act as a major catalyst in expanding its 3D AR model creation in the region, already the world’s largest e-commerce B2C market
The company has kicked off its technology at Harmony at London Wall Place in London powered by its ARway spatial mapping technology and software development kit
The solution analyzes a room layout automatically and then parses out room surfaces, reconstructs the scene, and allows 3D objects to be seamlessly placed inside a 2D photo as if they were part of the room
Evan Gappelberg, Nextech’s chief executive officer said the company "believe the engagement of US-based Marcum better serves our key goal of listing our stock on a US exchange and better aligns us with Nasdaq-listed technology companies in
In a corporate update, CEO Evan Gappelberg outlined the next steps and recapped key achievements this year as the group heads into the fourth quarter and 2022
The firm is debuting a new CAD to POLY solution that creates optimized 3D meshes that are suitable for 3D and AR applications
The company believes that this will be the first true self-service AR SaaS platform which will be affordable for all ecommerce sites, democratizing augmented reality for large and small ecommerce businesses alike
Gittings has over 20 years of experience in investments, capital markets and investor relations, having begun his career in equity research and also led international fund distribution for two of Chile’s largest domestic financial instituti
The partnership between the AR developer and operator and the retailer began when Kohl’s identified Threedy.ai, now part of Nextech, and its WebAR for e-commerce solutions as the most attractive option to introduce AR and 3D models into its
According to Nextech, “the acquisition provides a spatial mapping platform critical to building “mini-metaverses”, which the company is actively pursuing and believes is a market opportunity as big as the metaverse itself.”
As a partner, Nextech AR will grant exclusive early access of the 3D search program to its current Threedy.ai customers
NexTech customers can now tap into the three social media applications to deliver engaging and streamlined 3D ads
The upgrade leverages WebXR and also enables a robust AR experience with each Ad. NexTech Ads also provide rich and robust analytics giving customers data-driven insights so they can better capture impressions, clicks, interactions and gain
The company reported revenue of $6.1 million for the three months to June 30, 2021, an increase of over 73% compared to $3.5 million posted for the same period in 2020
The deal gives NexTech an entry point into the metaverse, a collective virtual shared space that brings together physical, augmented, and virtual realities
The implementation will support gesture controls across HoloX’s UI and UX, allowing for users to navigate the application through eye-tracking and hand gestures
Once the additional labs are complete, which is expected this year, the university will have one of the largest known AR-immersive learning programs in the world
The virtual exhibition platform will introduce a digital marketplace where consumers can interface, try new products via AR, and get educated on home improvement options with top UK vendors
The new platform will leverage the company's human hologram creator platform HoloX, which is expected to launch in the third quarter
Augmented reality developer and operator acquired Map Dynamics in November 2020
The agreement with the European-based, multinational company allows for multiple, defined scopes of work over an initial two-year period utilizing its solutions for large enterprise clients
By combining its leading AR platform with Threedy’s disruptive AI technology, Nextech said it has just changed the game
CEO Evan Gappelberg said the company's goal is to "allow anyone to create and share their own augmented reality human hologram using just a smart phone”
As part of the eCampusOntario initiative, the Toronto-based tech company will receive $150,000 from the government of Ontario’s $50 million Virtual Learning Strategy (VLS)
Earning co-sell ready status allows NexTech to collaborate with Microsoft on promoting EdTechX as an augmented reality virtual education solution
EdTechX combines enterprise-scale video streaming, integrated assessments, augmented reality holograms and data analytics
The company also named Paul Moon its vice president of investor relations
It announced several new senior management appointments, which it said was “designed to further align the continued development of the company’s augmented reality portfolio"
The event will feature as its keynote speaker entrepreneur, author, speaker, and internet personality Gary Vaynerchuk, as well as information on how AR digital innovation and NFTs are changing the way people live, shop, learn, and work
Threedy’s patent-pending technology utilizes an AI-powered assembly line to enhance the creation of 3D models from 2D photos at scale
In the past, Tampa has hosted conferences of the American Academy of Dermatology and Connect Marketplace, and high-profile sporting events such as Super Bowl 55 and Wrestlemania 37
NexTech also announced that its next-generation digital experience platform Nextech AR LiveX is now live, which is expected to save the company $6 million each year
From May 31 to June 4, it will offer attendees access to a virtual exhibitor hall with 30 to 40 chat-enabled exhibitor booths, breakout rooms, and interactive virtual networking spaces
For the three months ended March 31, revenue and gross profits are estimated at $7.5 to $7.7 million and $4.1 to $4.3 million, respectively
Revenue for the 12 months ended December 31, 2020, was $17.7 million
The company will collaborate with Mash Media to transform the first-ever hybrid edition of International Confex 2021, an event for event organizers
The augmented reality company issued 2.8 million units at a price of $5 per unit
As a member, NexTech will work along with industry peers to establish standards for AR creative formats, performance benchmarking measurement standards and privacy considerations.
Conversion rates for AR advertising has been reported as high as 25% — more than 10 times higher than traditional ads
Its VXP platform gave attendees at the confab on February 19-20 super-secure, best-in-class mainstage presentation with over 40 breakout sessions, as well as live Q&A’s and one-on-one networking opportunities
The company said the net proceeds from the offering will be used for working capital and general corporate purposes
Using the virtual platform, attendees will have access to fully interactive discussions with speakers and keynotes, scalable-secure video-streaming, chat and a number of augmented reality experiences
The company has hired Zak Mcleod, formerly of Fastly, as senior director of sales EMEA, as well as Rory Ganness, formerly of Salesforce.com, as director of enterprise sales North America
New versions of the app are available on iOS and Android devices and can be synced with the company’s Virtual Experience Platform
The CSF is the largest surgical meeting in Canada, bringing together more than 1,000 general surgeons each year
The new standardized chat features will be launched within its virtual experience platform and ARoom collaborative streaming solution
With NexTech’s VXP, exhibitors can choose a virtual layout that fits their needs and customize the design to include branding, images, videos and live chat
The company said the conference will allow it to showcase its success in the education space while also providing an opportunity to network with some of the biggest leaders in the industry
Attendees will have access to interactive virtual discussions, scalable and secure video-streaming, as well as AR features including human holograms
Gappelberg purchased $1,258,421 of company stock during the past 12 months, including an open-market buy at C$5.08 per share
NAMD represents members who oversee Medicaid in all 50 states, the District of Columbia and US territories
As an SSS preferred channel partner, NexTech will work directly with clients to create events that bridge the physical and the virtual
The company has been successfully rolling out virtual and augmented reality solutions for e-commerce, education, conferences and events
Adding Azure allows NexTech to offer hyper-scalable, secure and immersive cloud-based events and applications for users
Nextech also said it expects to sign its first multi-year, seven-figure deals soon
Achi joined NexTech to run its 3D/AR ad network after a decade at Microsoft
AR and virtual experience bookings for the year totaled $20 million, a 235% increase over 2019
Achi was the global operational lead for Microsoft's advertising business operations, heading up Microsoft's Search Ads & News business, and was president of Microsoft Online
NexTech noted that it may add more Bitcoin in 2021 as part of its new capital diversification and allocation strategy
