Company sees rapid demand for 3D
Nextech AR Solutions (NASDAQ: NEXCF)
— Evan Gappelberg – CEO/Founder
PALO ALTO, CALIFORNIA, USA, Aug. 12, 2022 /EINPresswire.com/ — TORONTO, ON, Canada – Aug. 11, 2022 – Nextech AR Solutions Corp. (“Nextech” or the “Company”) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), a Metaverse company and leading provider of augmented reality (“AR”) experience technologies and model services 3D, is pleased to announce that the company has signed many new 3D modeling deals throughout July and early August 2022.
Nextech AR has signed 26 new deals with 7 new deals since July 1 with major brands, and 19 additional deals as “tests” on top of previously announced deals in 2022. The company is seeing rapid demand for 3D
Santa Barbara Lighting – contracted for 3D lantern models and product configurator
Sports Basement – contracted for 3D models of bicycles
Life Fitness – contracted for high quality treadmill 3D models
Arena – contracted for 3D models of sports equipment
TekTake – contracted for the 3D model of an outdoor seating set
Vornado – contacted for 3 3D models of fans
Vcommerce – contracted for the 3D model of a Land Rover car
Strange Universe – contracted for 3D models of unique lamps
Fiskar’s Group – contracted for 3D models of whiskey glasses and a Wedgwood plate for their clients
CG1 Solutions – contracted for 3D models of a cup and saucer for their clients
Deslit Furniture – contracted for the 3D model of a unique sofa
Peah Management – contracted for 3D models of their furniture
Mathis Brothers – contracted for the 3D model of a sofa
HNI Corporation – contracted for the 3D model of a chimney and product configurator
Clutch & Co – contracted for the 3D model of their Clutch Stretch Golf Pants
Shop by BDB – contracted for the 3D model of a jacket
Global Equipment – contracted for the 3D model of a water fountain
Mouse Marketing – contracted for the 3D model of a Johnny Walker bottle
Xion Global – contracted for 3D models of bitcoin
Virtual spaces – contracted for the 3D model of a weekend bag
Living NFT – contracted for 3D models of posters
Chris Willey Consulting Services – contracted for the 3D model of a Nutella jar
Eden Galleries – contracted for 3D cartoon models
Epreneurs – contracted for the 3D model of a trophy
Augment Agency – under contract for the 3D model of a Malibu 5K medal
Vibin Toys – contracted for 3D models of adult toys
Nextech AR CEO Evan Gappelberg commented, “Our ARitize 3D offering is widely accepted by both enterprise customers as well as Shopify and Amazon merchants, which has led to strong fundamental growth in our business in 3D models for e-commerce in the first half of 2022. Many of the contracts in the first half were to “test” 3D models and see how the integration between platforms worked. Now that we have laid the groundwork, we are seeing strong orders and expect an acceleration in new customer contracts.
Additionally, our existing customers are now coming out of the “testing” phase which typically lasts 3-6 months and are now entering into larger 12-month MRR contracts. We expect new orders from these existing customers and increased global demand for all things 3D to drive our growth in third, fourth and 2023 as demands from the e-commerce industry shift to top speed for Web 3.0 and emerging digital technologies. In anticipation of this rapidly growing demand, we are increasing our 3D modeling capabilities from thousands of models per month to tens of thousands of 3D models per month. We are also increasing our revenue potential through the expansion of our technology stack with the most recent launch of our ARitize configurator. He continues, “More and more companies and brands within the e-commerce ecosystem are recognizing the benefits and ROI of our ARitize 3D product offering. We strongly believe that the transition from flat 2D photos to 3D models is in full swing and that 3D models are currently establishing themselves as the standard in e-commerce across the world.
These “test” contracts represent entry-level contracts with a limited number of SKUs so that brands and enterprises can test Nextech AR’s proprietary 3D/AR e-commerce solutions. When the tests are successful, 90% translate into larger contracts which translate to longer contract terms and increased revenue for the company.
In the first half of 2022, the company saw strong demand from e-commerce merchants large and small to “test” 3D modeling offerings, continuing its rapid expansion and growth towards Web 3.0 and creative of digital twins for e-commerce. These deals include companies and brands with a variety of different product types from multiple industries, including furniture, housewares, sports equipment, art, lighting, pet apparel and more. Again.
ARitize 3D is your one-stop integrated AR solution with automated 3D model creation and configuration at an unbeatable price. Our artificial intelligence (AI) will transform your existing 2D product images into high-quality 3D and augmented reality experiences. It’s fast, it’s easy, and it will transform your e-commerce site.
With a 3D model, customers can interact with the product to see every detail with a 3D model: turn it, rotate it, zoom in, zoom out, resulting in a 40% drop in product returns, a 93% higher click-through rate and a 90% click-through rate reduction in product photography costs. The Company believes that this value creation and return on investment is driving rapid growth in demand for the Company’s 3D technology. Transform your online store into a dynamic virtual showroom. 3D models allow customers to view products from all angles and position them in their own space before purchase. It’s an exciting and immersive shopping experience that keeps customers more engaged, better informed, and helps your brand stand out from the competition.
ARitize 3D is the One-Stop-Shop 3D + AR solution for e-commerce that is:
Affordable – cheapest provider
Scalable – faster, seamless, high quality
Frictionless – requires little effort to implement
Powered by AI and ML – automated creation of 3D models
End to end – from model creation to CMS & AR visualization
To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn and Facebook, or visit our website: https://www.Nextechar.com.
For more information, please contact:
866-ARITIZE (274-8493) ext. 7201
Nextech AR Solutions Corp.
CEO and director
About Nextech AR
Nextech AR Solutions is the engine accelerating the growth of the Metaverse. Using groundbreaking AI, Nextech AR is able to quickly, easily, and cost-effectively ARitise (transform) vast amounts and varieties of existing assets at scale, making products, people, and places ready for use. Interactive 3D, giving creators at all levels all the essential tools they need. to develop their vision of digital AR in the Metaverse. Our platform-agnostic tools enable brands, educators, students, makers, creators, and technologists to create the most photorealistic, interactive, and immersive 3D assets and digital environments, compose AR experiences, and publish them to all devices. canals. With a comprehensive suite of end-to-end AR solutions in 3D commerce, education, events and industrial manufacturing, Nextech AR is uniquely positioned to serve the needs of the world’s leading brands and all Metaverse contributors .
Nextech funds the development of its AR and Metaverse growth initiatives through its e-commerce platforms, which currently generate most of its revenue. Nextech’s e-commerce platforms include: vacuumcleanermarket.com (“VCM”), Infinitypetlife.com (“IPL”) and Trulyfesupplements.com (“TruLyfe”). VCM and product sales of residential vacuum cleaners, supplies and parts, and small appliances sold on Amazon. These e-commerce platforms serve as an incubator to develop and test Nextech’s cutting-edge AR, AI and machine learning applications to power next-generation e-commerce technology.
The CSE has not reviewed and accepts no responsibility for the adequacy or accuracy of this release.
Certain information contained herein may constitute “forward-looking information” under Canadian securities laws. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “will” or variations of these 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 is incorporated by reference herein, except as required by applicable securities laws.
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