InvestorWire NewsRoom

Article

Nextech AR Solutions Corp. (CSE: NTAR) (OTCQB: NEXCF) Awarded Government Funding For Augmented Reality EdTech Push; Achieves Microsoft Co-sell Ready Status
June 16, 2021

Nextech AR Solutions Corp. (CSE: NTAR) (OTCQB: NEXCF) Awarded Government Funding For Augmented Reality EdTech Push; Achieves Microsoft Co-sell Ready Status

  • The Ontario government, through its Virtual Learning Strategy, awarded Nextech and its partner, Ryerson University, up to $150,000 in recognition for their efforts in creating and delivering AR learning experiences through an EdTechX-powered platform
  • Nextech recently announced that EdTechX has achieved Microsoft Co-sell Ready status that will expose this solution to Microsoft sales teams
  • With the status, Nextech and Microsoft sales teams will work together to identify and share customer opportunities in which its EdTechX solution might be a good fit

The COVID-19 pandemic significantly affected pedagogy in countries all over the world, and Ontario’s postsecondary education sector was no exception. Here, institutions rapidly moved to remote learning and, in close consultations with the Ontario Ministry of Colleges and Universities (“MCU”), expressed the need for virtual learning supports to enable access to high-quality education. These consultations bore the Virtual Learning Strategy (“VLS”), a historic $50 million investment by the MCU (https://ibn.fm/EKCzs). 

Intended to drive growth and development of virtual learning as well as expand the potential of life-long and traditional education through the use of both online and hybrid learning, the VLS has a new deserving beneficiary. Recently, Toronto-based Nextech AR Solutions (CSE: NTAR) (OTCQB: NEXCF) announced that it had jointly received up to $150,000 alongside Ryerson University from VLS’ eCampusOntario – an amount awarded in recognition for the partners’ efforts in creating and delivering AR learning experiences within the postsecondary education sector (https://ibn.fm/1kK2h). 

“With the help of the Ontario Government – who shares our vision of augmented reality, immersive learning – we are delivering on our goal to transform higher education,” said Nextech CEO Evan Gappelberg. “Innovation in the delivery of education solutions is critical and allows for added resiliency and student access in a post-COVID-19 world. We are grateful for the continued partnership with Ryerson and thrilled to play a part in this important government initiative for the benefit of multiple stakeholders, not least of whom are educators and students who are seeking and actively using technologies.”

In July 2020, Ryerson University, in partnership with Nextech, announced the Ryerson Augmented Learning Experience (“RALE”) platform. RALE enabled students and their instructors to take all courses and workshops online, create lab experiences featuring live demos that rely on augmented reality (“AR”) and holograms, undertake assessments, manage course content, and promote interactivity through live Q&A sessions. It further supported virtual campus tours and fairs, as well as convocations. 

With the roll-out of RALE 2.0, powered by the recently launched EdTechX platform, the possibilities are enhanced even further. It now supports enterprise-scale video streaming, real-time data analytics, AR holograms, and integrated assessments (https://ibn.fm/PnO9h).

Built on Microsoft Azure – a secure, reliable cloud-computing service – EdTechX offers unmatched security, reliability, and scalability, as well as additional advantages thanks to the Azure partnership. For example, it is now available on Azure Marketplace, a premier destination for any entity seeking to fulfill its software needs, and is discoverable to millions of customers in different regions across the world.

Additionally, Nextech announced EdTechX has achieved the highly coveted Co-sell Ready status, exposing it to Microsoft (NASDAQ: MSFT) sales teams through a collaboration that facilitates the active fulfillment of customer needs (https://ibn.fm/ftiPN). 

With the status, Nextech and Microsoft sales teams will work together to identify and share customer opportunities in which its EdTechX solution might be a good fit. Hence, as a popular service already being used by more than 700 higher education institutions in various countries (https://ibn.fm/pLbSV), Microsoft Azure could offer Nextech a gateway to these existing customers.

“This exciting milestone gives our EdTechX solution significant scaling opportunities as we gain access to Microsoft’s enterprise sales teams and global education customers,” commended Evan. “This highly coveted ‘Co-sell ready’ status will enable us to collaborate with Microsoft on promoting EdTechX as a leading suite of enhanced augmented reality education solutions powered by Azure technology.”

Hailing AR and education as a perfect marriage, Evan went on to explain that this combination is bound to play a vital role in learning environments globally, especially given that AR solutions have continued gaining traction in multiple industries. Even more assuredly, the Ontario government’s award attests to the veracity of Evan’s comments. 

For more information, visit the company’s website at 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 

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
[email protected]

InvestorWire is part of the InvestorBrandNetwork.

Recent Articles

Release Categories

Get Started with InvestorWire

To distribute a release in the next 24 hours. Contact our client services team.

(310) 299-1717

Distribute a press release. Submit your release to get started.

Submit Press Release

Set up a Live demonstration. Schedule a date and time that works for you.

Schedule a LIVE Demo

Press Distribution

Explore Press Distribution Solutions

All releases include an unlimited word count* with full wire-grade syndication, our press release enhancement service, and a follow-up InvestorNewsBreak article distributed to thousands of editorial syndication partners.

Discover Add-on Solutions

Increase the impact of your achievements by adding these exclusive solutions from InvestorWire, delivered in conjunction with the InvestorBrandNetwork (IBN).