Nextech AR Solutions (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), a diversified leading provider of augmented reality (“AR”) experience technologies and services, has entered into agreements with 13 ecommerce aggregators involving use of NEXCF’s ecommerce solution Threedy.ai; the companies all operate in Asia, the world’s largest B2C ecommerce space. Nextech AR reported that the agreements include an estimated 400,000 ecommerce sites, with the companies acting as referral partners in Asia for Threedy.ai. NEXCF’s proprietary tech leverages artificial intelligence (“AI”) designed to support the building of quality 3D models on ecommerce websites, rather than the traditional 2D photos that are often used. These new partners can use Threedy’s AI and computer-vision innovations to produce thousands of 3D models per week, if needed. The company anticipates that the new referral partners could support significant revenue opportunities moving forward as the company is planning the strategic expansion and development of its 3D AR SaaS platform into countries across Asia. The world’s largest ecommerce B2C market, Asia is projected to represent more than 61% of the worldwide ecommerce market by 2024. “These partnerships in Asia are setting us up for what we are seeing as the rapid global adoption of 3D models and AR in ecommerce and the metaverse,” said Nextech AR CEO Evan Gappelberg in the press release. “We are seeing growing demand for our 3D model creation capabilities, and we are driving very hard toward a self-service platform, which when launched we believe will create additional demand, especially in ecommerce.”
To view the full press release, visit https://ibn.fm/UNjpw
About Nextech AR Solutions Corp.
Nextech develops and operates augmented reality (“AR”) platforms that transport three-dimensional (“3D”) product visualizations, human holograms and 360-degree portals to its audiences altering e-commerce, digital advertising, hybrid virtual events (events held in a digital format blended with in-person attendance) and learning and training experiences.
Nextech focuses on developing AR solutions; however, most of the company’s revenues are derived from three e-commerce platforms: vacuumcleanermarket.com (“VCM”), infinitepetlife.com (“IPL”) and Trulyfesupplements.com (“TruLyfe”). VCM and product sales of residential vacuums, supplies and parts, and small home appliances sold on Amazon. 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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