Nextech3D.ai Files to Uplist on NASDAQ Capital Market and Signs Large Enterprise Renewal and Expansion Contract With Major Retailer For Over 1000 3D Models
11 Julho 2023 - 8:47AM
InvestorsHub NewsWire
Nextech3D.ai
Files
to
Uplist
on
NASDAQ
Capital Market
and Signs
Large
Enterprise Renewal
and Expansion Contract With Major Retailer For Over 1000 3D
Models
Formally Changes
Name To Nextech3D.ai
TORONTO, O.N,
Canada -- July 11, 2023 -- InvestorsHub NewsWire
-- Nextech3D.AI
(the "Company")
(formally "Nextech AR
Solutions Corp'' or the "Company") (OTCQX:
NEXCF) (CSE:
NTAR) (FSE: EP2), a Generative AI-Powered 3D model supplier for
Amazon, P&G, Kohls and other major e-commerce retailers is
pleased to announce that the Company has formally filed to change its name to
"Nextech3D.ai" to better reflect its ongoing AI-powered business
and has filed
tointends
to uplist its common stock shares on to the NASDAQ
Capital Market. Nasdaq Capital
Market. To this effect, the
Company recently confidentially submitted a draft registration
statement on Form F-1 to the U.S. Securities and Exchange
Commission for purposes of a potential future offering of its
securities in the United States.
The company Company is also pleased to announce
an
large enterprise
customer which that is part of the Wesfarmers
group (ASX.WES), one of Australia's largest listed
companies whose businesses include; Bunnings, Kmart Group, Officeworks
and others,
has renewed and expanded
its contract for 3D models. This renewal follows the renewal
and
expansion contract with a major ecommerce brand for 3000
3D models, as well as the enterprise
renewal contract with an S&P 400 company for over
5000 3D models. The Company believes that Tthese enterprise renewal
contracts,
in addition to its
multi-year supply agreement with Amazon, further should help cements strengthen Nextech3D.ai's leadership position in the 3D models for the
ecommerce industry.
A major contributor to
Nextech3D.ai's 3D modeling success and ability to meet market
demand is its Generative Artificial Intelligence (AI). In March,
the Company filed a provisional patent titled: "Generative
AI for 3D Model Creation from 2D Photos using Stable Diffusion with
Deformable Template Conditioning." This patent builds on the previous
patent filed in November 2022: "Generating
Three-Dimensional Models by Part" for creating complex 3D models by
parts.
In February, Nextech3D.ai
announced a major Generative Artificial Intelligence
(AI) breakthrough
in 3D model
texture creation. The breakthrough enables the Company to
recreate
high-quality 4K textures at scale from just small digital swatches
in just seconds versus hours of manual labor, representing a 720x
increase in production speed.
Recently. the Company announced it had achieved
a major
breakthrough in generative AI technology that facilitates the
generation of 3D materials from text prompts. This breakthrough in text to 3D
material creation is key in driving the company forward in its
quest to be the dominant 3D model supplier for the ecommerce
industry.
The Public Company CEO Experience Podcast
Nextech3D.ai has recently
"The Public Company CEO Experience Podcast," featuring Evan
Gappelberg, a highly accomplished three-time public company CEO and
serial entrepreneur. The podcast offers listeners an
exclusive behind-the-scenes look into the dynamic life of a public
company CEO with valuable insights, while also discussing trending
topics and providing business updates on Nexech3D.ai, Toggle3D.ai,
and ARway.ai. To learn more please visit https://www.nextechar.com/investors/the-ceo-experience
Listen
Now
https://publiccompanyceoexperience.buzzsprout.com/
Subscribe
https://www.nextechar.com/the-ceo-experience/subscribe?hs_preview=zEQZywkL-118569404742
About
Nextech3D.ai
(formally "Nextech AR
Solutions Corp" or the "Company") (OTCQX:
NEXCF) (CSE:
NTAR) (FSE: EP2 is a diversified augmented reality, AI
technology company that leverages proprietary artificial
intelligence (AI) to create 3D experiences for the metaverse. Its
main businesses are creating 3D WebAR photorealistic models for the
Prime Ecommerce Marketplace as well as many other online retailers.
The Company develops or acquires what it believes are disruptive
technologies and once commercialized, spins them out as stand-alone
public Companies 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.ai" as
a stand alone public Company. ARway.ai is disrupting the augmented
reality wayfinding market with a no-code, no beacon spatial
computing platform enabled by visual marker tracking. Nextech3D.ai
retained 13 million shares in ARway and distributed 4 million
shares to Nextech3D.ai shareholders. ARway.ai is currently listed
on the Canadian Securities Exchange (CSE:ARWY), in USA on the OTCQB
(OTC: ARWYF) and Internationally on the Frankfurt Stock Exchange
(FSE: E65).
On June 14, 2023, the
Company completed its second spinout of Toggle3D.ai, 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. Nextech3D.ai retained 13
million shares in Toggle3D.ai and distributed 4 million shares to
Nextech3D.ai shareholders. Toggle3D.ai is trading on the Canadian
Securities Exchange (CSE:TGGL) and in the USA
(OTC:TGGLF).
To learn more, please
follow us on
Twitter,
YouTube,
Instagram,
LinkedIn,
and
Facebook, or
visit our website:
https://www.Nextechar.com.
For further information,
please contact:
Investor Relations
Contact
Lindsay Betts
investor.relations@Nextechar.com
866-ARITIZE (274-8493)
Ext 7201
Nextech3D.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 and
U.S. 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, including those
related to the name
change, listing on
Nasdaq, planned
offering and
renewal contract 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.
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