Nextech3D.ai

Overview

Nextech3D.ai (CSE:NTAR, OTCQX:NEXCF, FSE:1SS) 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 percent stake with 13 million shares in ARway Corp. while distributing 4 million shares to Nextech shareholders.

As a preferred 3D model supplier for Amazon, Nextech3D.ai has “early access” to introduce its customers’ 3D models to the Amazon marketplace. This makes Nextech3D.ai one of only a handful of companies that can bring their e-commerce customers onto the online retail giant’s platform.

The company also expanded its 3D modeling business to include the gaming and manufacturing industries by partnering with renowned gaming giants such as Electronic Arts, Take-Two Interactive, Nintendo, Activision and Meta.

Nextech3D.ai has experienced rapid growth in its user base and revenue. In 2022, the company’s 3D modeling revenue rose more than 266 percent compared to 2021 revenue. The company also reported a 963 percent increase in users for its Toggle3D platform since its launch in Jan 2023.

Company Highlights

Driving shareholder value by Commercializing Disruptive AI, 3D, AR, ML Technologies

• The company develops or acquires disruptive technologies that are subsequently spun out to shareholders as standalone public companies.
• On October 26, 2022, Nextech3D.ai spun out its spatial computing platform, ARway as a stand-alone public company, retaining a 49 percent stake with 13 million shares in ARway Corp. while distributing 4 million shares to Nextech shareholders.
• In June 2023, the company launched its second spin-out, Toggle3D, an AI-powered 3D design studio aimed at competing with Adobe. The company retains a 44 percent stake with 13 million shares in Toggle3D.

Diversified Technology Company

• Nextech3D.ai is a diversified augmented reality, AI technology company that leverages proprietary artificial intelligence to create 3D experiences for ecommerce.

• The company’s unique AI technology sets Nextech apart from its competitors, allowing it to earn contracts from big companies like Target and Amazon.

• The 3D modeling market is expected to reach US$6.33 billion by 2028, growing by a CAGR of 15.49 percent from US$2.3 billion in 2021.

• Nextech3D.ai offers four unique technologies (ARitize3D, ARway, Toggle3D and Map D) to cater to the needs of small and medium ecommerce and enterprise companies.

• Nextech’s 3D and AR technologies provide spatial computing capabilities, including GPS components, scanners and indoor navigation systems.

• The company’s AR does not require any investment from consumers to put to use and instead works with any device equipped with a camera.

• Nextech has grown rapidly in recent years, reaching US$10.3 million in 2022, increasing the 3D modeling business by 266 percent from 2021, and achieving a 963-percent increase in users for its Toggle3D platform since its launch in Jan 2023.

Leadership Team

• CEO Evan Gappelberg has a positive track record of creating shareholder value for over 20 years and is the single largest shareholder of Nextech3D.ai with a 10 percent stake
• An experienced team of technology innovators leads Nextech3D.ai to further develop and market its unique solutions.