Toggle3D.ai Integrates With Sketchfab Offering New Unlimited AI-Generated 3D Model Texturing Options & One-Click Account Access

Toggle3D is leveraging Sketchfab's 10mill+ developer ecosystem with a seamless login
Sketchfabs 3D models can now be textured in unlimited ways using Toggle3D's AI tools
Join Proactive Investor Livestream with CEO - TODAY at 1pm ET / 10am PT

Toggle3D.ai (the "Company") (CSE:TGGL)(OTC PINK:TGGLF), a revolutionary SaaS solution harnessing the power of generative AI to convert CAD files, apply stunning 4K texturing, and seamlessly publish superior 4K 3D models, is pleased to announce it has integrated with Sketchfab: the largest platform for immersive and interactive 3D content where users publish, share, discover, buy and sell 3D models, VR and AR content. Sketchfab currently has 10 million members, with over 5 million 3D models available to download. This integration offers Sketchfabs members access to Toggle's AI generated 3D model texturing tools giving members the ability for creating an infinite number of styles and 3D model designs

With this integration, when a Toggle3D.ai user signs into the platform, they will have a seamless connection that provides access to all of the 3D models within their Sketchfab account. The Company sees this as one of many integrations that will promote its value proposition due to its increased speed, efficiency, and easy 3D design workflow. Now with a single click, 10 million Sketchfab users are able to take their 3D models from Sketchfab and change the colours and textures on the Toggle3D platform, resulting in limitless additional 3D model variations, which the company believes adds tremendous value to the Sketchfab users.

To further enhance the 3D design and texturing workflow, Toggle3D.ai recently announced the launch of a new AI-powered material creation template enabling users to make PBR (physics based rendering) materials to customize their 3D models. This new AI-powered functionality gives users a massive increase in speed, efficiency and quality, enabling them to create PBR materials from either: a 2D image of the texture, a product photo, or a text prompt. This is a substatial competitive differentiator for Toggle3D in the world of 3D texturing, and Sketchfab users will be able to use this full functionality on their Sketchfab 3D models when they are logged into the Toggle3D.ai platform.

Watch a video demo showcasing this technology: click here

The Toggle3D integration with Sketchfab provides the following benefits:

Attracting new users to Toggle3D from Sketchfabs 10 mil ecosystem
Allows for a seamless connection between Sketchfab and Toggle3D. This means users will be able to connect their Sketchfab account to Toggle3D. They will be able to import their models into Toggle3D and make new variations by changing the materials, colors, finishes of their 3D models inside Toggle3D

CEO Evan Gappelberg commented: " We're excited to announce this first of many integrations of Toggle3D.ai with Sketchfab as they are truly a leader in the world of 3D modeling. As Toggle3D.ai is just beginning its rapid growth stage, this integration underscores our commitment to a partnership focused on bringing in new users and creating value within the 3D ecosystem." He continued, "This strategic collaboration brings together the power of Toggle3D.ai's cutting-edge AI texturing tools with Sketchfab's unparalleled 3D marketplace with millions of 3D models and members. With Sketchfab boasting a staggering 10 million members and an extensive library of millions of 3D models, this integration opens doors to the creation of unlimited 3D model variations, which I believe drives huge value for Toggle3D shareholders. Our plan is to continue to tap into large 3D model ecosystems and add value through cross collaboration and integrations…more to come!"

Investor Live Stream Information
TODAY! Join CEO Evan Gappelberg and Chief Product Officer Dasha Vdovina for a Toggle3D.ai investor livestream event!

Time: 10:00 a.m Pacific Time / 1:00 p.m Eastern Time
Title: Toggle3D.ai Livestream - Revealing New AI features and Exciting Updates
Link to join: https://www.youtube.com/watch?v=VIW6Q06b4ps

About Sketchfab
Sketchfab is empowering a new era of creativity by making it easy for anyone to publish and find 3D content online. With a community of millions of creators who have published millions of models, they are the largest platform for immersive and interactive 3D. Additionally, their store lets buyers and sellers transact 3D models with confidence using our realtime viewer and model inspector. Sketchfab technology is integrated with every major 3D creation tool and publishing platform, and is compatible across every browser, operating system, desktop and mobile. Learn more https://sketchfab.com/about

Recent Toggle3D.ai News

Toggle3D.ai Launches Exclusive AI-Powered Material Creation Template as a Paid For Monthly Subscription
Toggle3D.ai Experiences Exponential User Growth, Surpassing 10,000 Mark Since June IPO, a 300% Surge
Toggle3D.ai Announces New Key Hire of Anita Matte as Director of Growth Marketing

About Toggle3D.ai

Toggle3D.ai (CSE:TGGL) (OTC:TGGLF) is a groundbreaking SaaS solution that utilizes generative AI to convert CAD files, apply stunning 4K texturing, and enable seamless publishing of superior 4K 3D models, serving various industries within the $160 billion CGI market. With its Augmented Reality-based rapid prototyping web app, Toggle3D empowers designers, artists, marketers, and eCommerce owners to effortlessly convert, texture, customize, and publish high-quality 3D models and experiences, regardless of technical or 3D design expertise.

Toggle3D.ai Investor Relations

Visit the Toggle3D Investor Relationswebsite and sign up for the investor mailing list to receive the latest news, press releases, investor presentations, CEO interviews, financial information and more.

Sign up for the investor mailing list -click here

Follow Toggle3D.ai on Social Media
YouTube: https://www.youtube.com/@Toggle3D
Insta: https://www.instagram.com/Toggle3D.ai/
Facebook: https://www.facebook.com/Toggle3D
LinkedIn: https://www.linkedin.com/company/toggle3d-ai/
Twitter: https://twitter.com/Toggle3Dai

For further information, please contact:

Investor Relations Contact(s)
Julia Viola, Lindsay Betts
investor.relations@toggle3D.ai

Toggle3D.ai

Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)

Forward-looking Statements

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Certain information contained herein may constitute "forward-looking information" under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, "will be" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Nextech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

SOURCE: Toggle3D.ai Inc.

View source version on accesswire.com:
https://www.accesswire.com/774745/Toggle3Dai-Integrates-With-Sketchfab-Offering-New-Unlimited-AI-Generated-3D-Model-Texturing-Options-One-Click-Account-Access

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Toggle3D.ai TGGL:CC CSE:TGGL Emerging Tech Investing

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Toggle3D.ai's AI Lab Announces Breakthrough With Generative AI Photo Rendering

Toggle3D.ai (the "Company") (CSE:TGGL)(OTCQB:TGGLF), a revolutionary SaaS solution harnessing the power of generative AI to convert CAD files, apply stunning 4K texturing, and seamlessly publish superior 4K 3D models, is delighted to announce a breakthrough in its Artificial Intelligence (AI) lab for generative AI photo rendering. This AI tool is expected to drive significant revenue as it is being offered exclusively as part of the Toggle Pro Paid Subscription plan

With the generative AI photo rendering feature, when users upload a 3D model, regardless of whether it's pre-textured or not, the AI rendering tool can quickly create high-quality 2D images of different texture design ideas for the users' 3D model. It puts the 3D object in a 2D scene and textures it according to the prompt provided by the user. The purpose of these 2D images is to provide users with a quick way of prototyping and visualizing how their 3D model could look in different textures, styles and materials. This feature is especially useful for industry designers in manufacturing sectors who are prototyping designs for their products, such as furniture, automotive, machinery etc.

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The company believes that it can become profitable in 2024 by scaling revenue with 80% profit margins while operating expenses are going down due to its investment in its patented AI. The strategic shift to Hyderabad India aligns perfectly with Nextech3D.ai's commitment to delivering top-tier 3D modeling and augmented reality solutions while maintaining a keen eye on profitability and fiscal responsibility for its valued shareholders.

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Amazon Exceeds Expectations with Q1 Earnings

Amazon (NASDAQ:AMZN) exceeded experts' expectations with its Q1 results, which it released on Tuesday (April 30). The tech giant reported net income of US$10.4 billion, a 235 percent increase over Q1 2023's US$3.1 billion.

This works out to US$0.98 per diluted share, much higher than analysts’ average estimate of US$0.83 per share.

The company’s net sales totaled US$143.3 billion during Q1, a 13 percent increase compared to the year-ago period. North American sales accounted for the largest portion at US$86.3 billion, up 12 percent year-on-year.

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Nanalysis Announces Fourth Quarter and Full Year 2023 Results

Nanalysis Scientific Corp. ("the Company") (TSXV: NSCI) (OTCQX: NSCIF) (FRA: 1N1), a leader in portable NMR machines and MRI technology for industrial and research applications announces fourth quarter and full year results for the period ending on December 31 2023. Chief Executive Officer, Sean Krakiwsky and Chief Financial Officer, Randall McRae will host a conference call at 5 P.M. Eastern Time today to discuss the results. A second call will be held for European investors at 8:30am ET tomorrow, Tuesday, April 30th . All interested parties are invited to join these calls.

"As noted in our previous release dated February 6, 2024 , we are very pleased with how our businesses ramped up in second half of 2023 and we closed out the year with good momentum which has carried into the current year," said Sean Krakiwsky, Founder and CEO of Nanalysis. "Our benchtop sales have regained stride and the personnel changes that we made earlier in the year are producing good results that we expect to continue going forward. Our security services segment completed taking over all basic services on the Company's Airport Security Project early in 2024, and this project will continue its expansion and roll-out, building towards full revenue run rate through the year. Additionally, in 2023 we had significant up-front training costs which contracted our margins. In 2024, we expect that to be significantly reduced and look for security services margins to improve throughout the year."

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	31-Dec-23			31-Dec-22
ASSETS
Current
Cash & cash equivalents		907,847			3,777,117
Receivables		357,398			744,331
Contract asset		51,320			589,015
Finance lease receivable on sublease CP		199,933			-
Prepaid expenses		294,471			310,906
Inventory		-			45,289
Non current assets held for sale		-			501,188
Total current assets		1,810,969			5,967,846

Equipment		325,633			278,463
Deferred consideration		206,850			-
Right of use asset		-			829,278
Finance lease receivable on sublease		642,983			-
Intangible assets		-			3,313,741
Goodwill		-			6,746,378
Total assets		2,986,435			17,135,706

LIABILITIES
Current
Accounts payable and accrued liabilities		3,531,460			2,641,918
Deferred revenue		342,192			437,746
Lease liability		143,722			222,250
Liabilities associated with assets held for sale		-			92,532
Total current liabilities		4,017,374			3,394,446

Lease liability - non current		469,624			582,586
Deferred tax liabilities		-			29,974
Total liabilities		4,486,998			4,007,006

Shareholders' Equity
Share capital		91,909,495			83,271,707
Reserves		14,166,972			12,754,706
Accumulated Other Comprehensive Income		678,143			827,101
Shareholder's equity attributable to Nextech shareholders		(112,211,223	)		(85,898,862	)
Total common shareholders' equity		(5,456,613	)		10,954,652
Non controlling interest		3,956,050			2,174,048
Total equity		(1,500,563	)		13,128,700
Total liabilities and shareholders' equity		2,986,435			17,135,706

	YTD
	31-Dec-23			31-Dec-22
		$			$
Revenue		5,033,202			3,224,791
Cost of sales		(3,586,162	)		(1,593,076	)
Gross profit		1,447,040			1,631,715

Operating expenses:
Sales and marketing		4,546,502			5,013,367
General and administrative		9,362,610			13,377,575
Research and development		3,249,799			3,892,208
Stock based compensation		1,775,695			1,715,690
Amortization		2,105,689			2,655,652
Right of use amortization		55,728			76,905
Depreciation		87,824			122,930
Operating profit (loss)		(19,736,807	)		(25,222,612	)

Other income (expense):
Gain on sublease recognition		120,626			-
Loss on asset disposal		(85,679	)		-
Gain on liability		-			381,019
Impairment of intangible assets and goodwill		(7,575,263	)		(476,113	)
Foreign exchange gain (loss)		(14,393	)		1,345,593
Profit (Loss) before income taxes		(27,291,516	)		(23,972,113	)

Current income tax expense		-			(34,937	)
Deferred income tax recovery		29,974			672,148
Net income (loss) from continuing operations		(27,261,542	)		(23,334,902	)

Income (loss) from discontinued operations		(452,814	)		(4,043,424	)
Net loss		(27,714,356	)		(27,378,326	)

Other comprehensive income (loss)
Exchange differences on translating foreign operations, continuing operations		(148,958	)		(432,845	)
Comprehensive income (loss)		(27,863,314	)		(27,811,171	)

Net loss from C/O attributed to:
Parent		(25,109,547	)		(22,896,701	)
Non controlling interest - PL		(2,151,995	)		(438,201	)

Net loss from D/O attributed to:
Parent		(452,814	)		(4,043,424	)
Non controlling interest - PL		-			-

Comprehensive loss attributed to:
Parent		(25,711,319	)		(27,372,970	)
Non controlling interest		(2,151,995	)		(438,201	)


Loss per share from C/O - basic and diluted		(0.22	)		(0.24	)


Loss per share from D/O - basic and diluted		(0.00	)		(0.04	)

Weighted average number of common shares outstanding
Basic and diluted		114,085,494			100,201,691

	YTD
	31-Dec-23			31-Dec-22
Operating activities:
Net loss		(27,714,356	)		(27,378,326	)
Adjustment for:
Interest income from sublease		(39,903	)		-
Interest expense from lease		30,217			28,668
Stock based compensation		1,775,695			1,715,690
Amortization of intangible assets		2,105,689			2,655,652
Amortization of ROU		55,728			261,101
Depreciation of property and equipment		87,824			143,567
Gain on sublease recognition		(120,626	)		-
Loss on asset disposal		85,679			-
Gain on short-term investment		-			(381,019	)
Impairment of intangible assets & goodwill		7,759,360			3,178,426
Expenses paid by shares		648,891			1,917,837
Loss on PET disposal		173,534			-
Income tax expense (recovery)		-			-
Changes in non-cash working capital balances
Receivables		386,933			269,873
Contract asset		537,695			(202,813	)
Prepaid expenses		16,435			408,743
Inventory		45,289			2,954,342
Accounts payable and accrued liabilities		917,814			(24,574	)
Deferred revenue		(95,554	)		(171,255	)
Deferred tax liability		-			(673,290	)
Total operating cash flow		(13,343,656	)		(15,297,378	)

Cashflows from investing activities
Purchase of equipment		(227,250	)		(101,784	)
Payments received from sublease		66,554			-
Net cash provided by (used in) investing activities, continuing operations		(160,696	)		(101,784	)

Cashflows from financing activities
NTAR - Net proceeds from private placements		5,726,654			8,890,349
NTAR - Proceeds from Employee Pay Program		2,269,704			2,496,628
Proceeds from securities issuances to NCI		2,813,107			1,657,354
Repayment of loan		-			(90,896	)
Payments of lease liability		(203,762	)		(388,804	)
Net cash provided by (used in) financing activities, continuing operations		10,605,703			12,564,631

Effects of foreign exchange on cash		29,379			(616,272	)
Change in cash during the period		(2,898,649	)		(2,834,531	)
Cash, beginning of period		3,777,117			7,237,296
Cash, end of period, continuing operations		907,847			3,786,493

Cash, end of period, continuing operations		907,847			3,777,117
Cash, end of period, discontinuing operations		-			9,376

Taxes paid		-			27,005
Interest paid		30,217			30,910
Cash interest received		121,122			108,390

	Three months ended December 31
($000's)	2023	2022	($) Change
Product sales	5,450	5,893	(443)
Service revenue	4,350	1,310	3,040
Total sales and revenue	9,800	7,203	2,597

Gross margin - product sales	48 %	32 %	16 %
Gross margin - service revenue	-21 %	-50 %	29 %

EBITDA	(774)	(2,532)	1,758

Net loss	(2,123)	(3,292)	1,169

	Twelve months ended December 31
($000's)	2023	2022	($) Change
Product sales	16,342	21,588	(5,246)
Service revenue	12,124	3,233	8,891
Total sales and revenue	28,466	24,821	3,645

Gross margin percentage - product sales	41 %	49 %	-8 %
Gross margin percentage - service revenue	-23 %	-1 %	-22 %

EBITDA	(8,074)	(3,935)	(4,139)

Net loss	(16,784)	(9,915)	(6,869)

	Three months ended December 31			Twelve months ended December 31
($000's)	2023	2022	($) Change	2023	2022	($) Change
Net loss	(2,123)	(3,292)	1,169	(16,784)	(9,915)	(6,869)
Business acquisition costs and contingent consideration (gain) loss	(1,106)	(106)	(1,000)	(967)	104	(1,071)
Depreciation and amortization expense	1,052	1,233	(181)	4,413	4,564	(151)
Finance expense (income)	43	(124)	167	284	76	208
Stock-based compensation	187	454	(267)	1,048	1,556	(508)
Foreign exchange (gain) loss	(84)	5	(89)	165	164	1
Loss on loss of control of subsidiary	-	-	-	2,810	-	2,810
Loss from associate	271	-	271	527	-	527
Restructuring costs	4	-	4	441	-	441
Current income tax (recovery) expense	(3)	53	(56)	13	250	(237)
Deferred income tax expense (recovery)	985	(755)	1,740	(24)	(734)	710
EBITDA	(774)	(2,532)	1,758	(8,074)	(3,935)	(4,139)

Toggle3D.ai Integrates With Sketchfab Offering New Unlimited AI-Generated 3D Model Texturing Options & One-Click Account Access

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