InvestorNewsBreaks – Nextech AR Solutions Corp. (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29) Announces Breakthrough AI, Is Expanding AI Capabilities
Nov 15, 2022
Nextech AR Solutions (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), a metaverse company and leading provider of augmented reality (“AR”) wayfinding technologies and 3D model services for the largest prime ecommerce platform, has achieved breakthrough 3D content creation capabilities and anticipates increasing and expanding its artificial intelligence (“AI”) capabilities. According to the announcement, this breakthrough means Nextech’s AI capabilities offer the ability to scale 3D model production at a higher velocity, resulting in increased production capacity, higher revenue growth and higher profit margins. The company noted that the “backbone” of its 3D model creation factory is NEXCF’s proprietary platform for scaling 3D content creation utilizing what it calls a “virtual assembly” line. The company is currently in the process of upgrading the AI 3D model creation tools that are used as part of the platform; the platform now supports the creation of thousands of 3D models per month. In addition, Nextech has invented several new technologies that allow artists to reduce the time required to create textures and materials from hours to mere minutes; these new tools are covered under a recently filed patent titled, “Materials Estimation for Three-Dimensional (3D) Modeling.” “With our recently announced multimillion-dollar enterprise contacts and now with our breakthrough AI, we are well on our way to becoming the biggest 3D model supplier for ecommerce,” said Nextech AR CEO Evan Gappelberg in the press release. “Over the past year, we have been building our 3D modeling technology to be stable, scalable and as an end-to-end solution. We believe that everything that has ever been made, everything that is being made today, and everything that will be made in the future will need a 3D twin, which means hundreds of millions of 3D models will need to exist. Without AI, we don’t believe that having millions of 3D models will be possible, so we have been heavily investing in AI, which is now beginning to pay dividends. 2023 is going to be the year of AI and 3D, and I believe with our breakthrough AI that we are perfectly positioned to take full advantage of these two mega-trends.”
To view the full press release, visit https://ibn.fm/H2wPt
About Nextech AR Solutions Corp.
Nextech AR Solutions is the engine accelerating the growth of the metaverse. Using breakthrough artificial intelligence (“AI”), Nextech AR is able to quickly, easily and affordably ARitize (transform) vast quantities and varieties of existing assets at scale making products, people and places ready for interactive 3D use, and giving creators at every level all the essential tools they need to build out their digital AR vision in the metaverse. The company’s platform-agnostic tools allow brands, educators, students, manufacturers, creators and technologists to create immersive, interactive and the most photo-realistic 3D assets and digital environments; compose AR experiences; and publish them omnichannel. With a full suite of end-to-end AR solutions in 3D commerce, education, events and industrial manufacturing, Nextech AR is in a unique position to meet the needs of the world’s biggest brands and all metaverse contributors. On Oct. 2022, Nextech AR spun out its spatial computing platform, ARway, as a standalone public company. Nextech AR retained a control ownership in ARway Corp. with 13 million shares, or a 50% stake. ARway is disrupting the augmented reality wayfinding market with a no-code, no-beacon spatial computing platform enabled by visual marker tracking. For more information about the company, please visit www.NextechAR.com.
NOTE TO INVESTORS: The latest news and updates relating to NEXCF are available in the company’s newsroom at https://ibn.fm/NEXCF
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