The company is contracted to produce 2,500 3D models for distribution through the client’s online subsidiaries worldwide
Nextech AR Solutions Corp. (CSE: NTAR, OTCQB: NEXCF, NEO: NTAR) announced the conclusion of a major enterprise agreement ARitize 3D with a multinational e-commerce brand.
The company said the deal provides it with a growing MRR (monthly recurring revenue) base and showcases the growing demand for Nextech’s state-of-the-art ARitize 3D factory.
It is contracted to produce 2,500 3D models which will be distributed through the client’s online subsidiaries worldwide.
Nextech noted that the new contract is fundamental for the company as it not only shows validation of its large-scale 3D modeling, but also validates the very strong and growing demand for 3D models and AR visualizations in e-commerce globally. global scale.
READ: Nextech AR Solutions announces the signing of multiple AR e-commerce deals across a variety of industries
ARitize 3D has grown in popularity as more e-commerce businesses recognize that the future of online commerce lies in product visualizations via augmented reality and 3D models.
The company said the ARitize 3D solution already provides many notable retailers with 3D models and AR product visualizations, including Kohl’s, Lighting Plus New Zealand, Pier 1, Kmart Australia, Ezooza, NorthByNorth, The Office Group, Just Recliners , Never Summer, Mitra10. , Cle Privee, Seville Classics, Bizrklan Eyewear, Poly & Bark and Skate One.
Nextech said the deal paves the way for a big year in 3D modeling and allows the company to showcase its growing and market-leading suite of ARitize 3D solutions, including its hotspots. of products, its animations, its 360-degree exploded views and its swirling 3D advertisements. , configurator, 3D carousel, virtual staging and room decorator.
Beta launch in 2022
To rapidly grow its accounts in 2022, the company is preparing to exit its beta launch of the ARitize 3D SaaS For Ecommerce offering – opening up the technology to anyone with an e-commerce site, enabling them to deliver experiences webAR and 3D purchases on their website.
Whether customers want to create five templates or 5,000 templates, all they need to do is register, enter a credit card payment method, and activate webAR for their website. The company believes that it is the first to market this WebAR 3D SaaS solution for e-commerce.
The Company’s ARitize 3D technology enables large, medium and small e-commerce businesses to scale their 3D model production using Nextech’s AI-powered technology in a cost-effective manner.
Nextech believes that with the combination of Nextech’s ARitize 3D and ARitize CAD, which enables manufacturers to convert CAD files into large-scale 3D AR models, the company has a major competitive advantage in the 3D modeling.
“This enterprise 3D modeling contract for 2,500 initial models is a huge win for Nextech and clearly highlights the future trajectory of our technology,” Nextech CEO Evan Gappleberg said in a statement. “By being able to provide scalable 3D/AR e-commerce solutions for the world’s largest multinational corporations at what we believe to be the lowest cost and highest quality, most scalable solution is a real game-changer for our business.
Gappleberg added: “I think this is just the beginning as we have many other corporate transactions in our pipeline that we expect to close in the first quarter. Beyond the corporate, we are seeing strong demand in the whole e-commerce space I think 2022 is the year 3D models will go from a “nice to have” to a “must have” in e-commerce and we have the 3D model factory that can evolve, transforming our platform into a “must have” solution for e-commerce.
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