Nextech3D.AI seeing rapid growth as augmented reality goes mainstream

Nextech3D.ai or the "Company," (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), is a versatile augmented reality and AI technology company that utilizes its proprietary artificial intelligence (AI) to craft immersive 3D experiences at scale for E-COMMERCE. The Company's primary focus lies in creating high-quality 3D WebAR photorealistic models for Amazon and various other online retailers. Nextech3D.aihas adopted a unique approach to creating shareholder value beyond its operating business of creating 3D models.  

The Company also develops or acquires disruptive AI-technologies, which are subsequently spun out to shareholders as standalone public companies. This spin-out strategy allows Nextech3D.ai to issue stock dividends to its shareholders while maintaining significant ownership in the public spin-out, without dilution to the parent company Nextech3D.ai.

Nextech3D.ai (CSE:NTAR, OTCQX:NEXCF) announced that it has rolled out a major update to its Map Dynamics platform, including a full migration to Amazon Web Services (AWS), the launch of new AI-powered features, and a strategic push into new event verticals such as music festivals and public expos.

"We've spent the last year upgrading Map Dynamics into a true growth engine with scalable infrastructure, robust margins, and a powerful roadmap," Nextech3D.ai CEO Evan Gappelberg said.

"As we expand into new markets and launch AI-powered features, we are unlocking new revenue and creating long-term value for our customers and shareholders alike.”

The platform is now fully hosted on AWS, offering enterprise-grade performance, faster load times, and scalability for events of all sizes, including trade shows, expos, and major public festivals.

Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) announced the signing of a new contract valued at $175,000 with an enterprise client for the delivery of 2,000 3D models over the next 12 months, along with cloud hosting services.

The agreement supports the company’s strategy of monetizing not only the creation of 3D models and AI photography but also their ongoing cloud-based hosting.

Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) CEO Evan Gappelberg sat down with Proactive to discuss the company’s latest milestone: migrating its Map Dynamics platform to Amazon Web Services (AWS).

This move marks a significant step in Nextech3D.ai’s broader strategy to enhance scalability, performance, and innovation in the AI-driven event management sector.

Nextech AR Solutions Corp has earned a repeat ‘Buy’ rating and an unchanged price target of US$2.50 from HC Wainwright & Co analysts after it announced a new modelling contract with a top 10 eCommerce retailer.

The analysts’ price target represents about a 300% upside on Nextech’s stock, with shares currently trading at about US$0.62.

In a note to clients, analysts wrote that the modelling contract, which was announced on February 9, increases their confidence in the company’s ability to meet, or exceed, lofty expectations.

Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to showcase the company's cutting-edge AI photography studio designed specifically for e-commerce. The launch of ToggleStudios Photo, a key offering from its spinoff Toggle3D.ai, represents a major step forward in AI-powered e-commerce tools.

ToggleStudios Photo leverages advanced artificial intelligence to produce stunning, high-quality product imagery tailored for online retailers. This innovative platform aims to revolutionize the e-commerce industry by delivering visually striking lifestyle photos and 3D product models that elevate the online shopping experience.

During the event, Gappelberg highlighted the company's first customer for the AI photography studio: Marmi Stone, a leading provider of premium stone products. Marmi Stone has partnered with Nextech3D.ai to create lifestyle product photos and 3D models using the new platform, demonstrating its potential to transform how products are showcased online.