Nextech AR Solutions (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), a diversified leading provider of augmented reality (“AR”) experience technologies and services, has announced a release date for its AR for ecommerce offering. The company noted that the solution will be available as a self-service SaaS by next month. According to the announcement, Nextech anticipates its platform will be the first true self-service AR SaaS option that will be affordable for all ecommerce sites. Nextech’s proprietary technology is already being used by major retail players, including Kohls, Pier1 and K-Mart Australia, which are offering AR shopping experiences that allow their customers to visualize a product in a personalized environment. This “try before they buy” approach is fueling enthusiastic adoption of AR for ecommerce as it demonstrates higher online conversion rates. Nextech reported that tens of thousands of consumers are seeing its 3D models, with more than 330,000 AR experiences provided last month alone. The release of the industry’s first low-cost, self-serve SaaS platform will make the same technology and experiences available to small and medium-size ecommerce sites. “Up until now, 3D models have been built individually by highly specialized 3D designers, with high price points and long wait times to match,” said Nextech CEO Evan Gappelberg in the press release. “With the rise in WebAR for ecommerce, the demand to scale and create high-quality 3D content continues to accelerate and is expected to be standard in ecommerce shopping in 2022 and beyond. With our AI-driven, 3D content-creation capabilities, and now our low-cost, monthly fee-based SaaS platform, we are addressing this growing market demand and unblocking the 3D content-creation bottleneck head on. In 2021 with Threedy.ai, we will exceed our production of 3D models in all previous years combined by a factor of 10.”
To view the full press release, visit https://ibn.fm/HcRgS
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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