The Conversation (0)
Nextech3D.ai (CSE:NTAR, OTCQX:NEXCF, FSE:EP2) develops innovative 3D and augmented reality (AR) modeling solutions for e-commerce companies. The company has generative artificial intelligence technology that sets it apart from other 3D model suppliers. Nextech3D.ai provides services to significant enterprises like Amazon and Target.
Nextech offers four technologies including ARitize3D, an AI-powered 3D model creation platform that operates at scale for e-commerce companies; ARway, an AI-powered augmented reality experience platform for indoor spaces with a disruptive no-code, no beacon spatial computing solution with centimeter precision; Toggle3D, an AI-powered SaaS platform enabling the conversion, texturing, customizing and sharing of the highest quality 3D models at scale, using CAD files; and Nextech Event Solutions, a cloud-based event technology and management software solution.
3D and AR technology are powerful innovations to technologies we’ve relied on for years, including navigation systems, scanners, sensors and GPS satellite components. AR technology works with devices consumers already own as long as it has a camera, such as smartphones, instead of virtual reality (VR), which requires a specialized device.
Company Highlights
Driving shareholder value by Commercializing Disruptive AI, 3D, AR, ML Technologies
- The company develops or acquires what it believes are disruptive technologies and once commercialized, spins them out as stand-alone public companies issuing a stock dividend to shareholders while retaining a significant ownership stake in the public spin-out.
- On October 26, 2022, Nextech3D.ai spun out its spatial computing platform, “ARway” as a stand-alone public company. Nextech3D.ai retained a control ownership in ARway Corp. with 13 million shares, or a 50 percent stake, and distributed 4 million shares to Nextech AR Shareholders.
- On December 14, 2022, Nextech announced its second spinout of Toggle3D, an AI-powered 3D design studio to compete with Adobe. Toggle3D is expected to be public in the first half of 2023.
Diversified Technology Company
- Nextech3D.ai is a diversified augmented reality, AI technology company that leverages proprietary artificial intelligence (AI) to create 3D experiences for the metaverse.
- 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, Nextech Event Solutions) to cater to the needs of enterprise companies
- 3D and AR advance other technologies we’ve come to depend on, including GPS components, scanners and navigation systems.
- 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 recently 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.
This Nextech3D.ai profile is part of a paid investor education campaign.*
NTAR:CNX
