- Pioneering augmented reality technology company Nextech AR Solutions is advancing the use of 3D / AR wizardry for practical applications that improve marketing and consumer experiences
- Nextech’s verticals include AR-enhanced virtual conference platforms, 3D advertising solutions, an app for e-commerce that includes “Try It On” technology, and a similar Hollywood Studios app for creating 360-degree videos
- The company’s revenues have grown from $6 million in 2019 to a forecast of $50 million to $60 million this year
- Among the contracts that Nextech has provided support for is February’s Student Veterans of America’s (SVA) 2021 National Conference, which featured first lady Dr. Jill Biden as its keynote speaker and other national luminaries on the agenda
Barely a generation ago, “flip phone” cell phones became a novelty that allowed consumers to play with pocketable Star Trek nostalgia-level communications technology on a broad market scale. But it didn’t take long before the nostalgia surrendered to the utility of slide-open phones, then the quantum leap in connective technology that flat-faced smart phones offered (https://ibn.fm/FEpEn).
Enterprising augmented reality pioneer Nextech AR Solutions (CSE: NTAR) (OTCQB: NEXCF), based in Vancouver, Canada, is similarly working to mainstream AR functionality beyond simple gimmickry, enabling educators, events managers, advertisers and consumers to engage their audiences in a more immersive way using AR and 3D imaging, holographic displays and 360-degree portals.
“When we look at 2021, I see lots of catalysts for our company,” Nextech AR CEO and founder Evan Gappelberg said during a recent Virtual Investor Conferences webcast and Q&A. “Beyond just revenue, we have launches of new major brands for our e-commerce division. … We’re also working very hard on launching new technology, especially in our AR division, which includes getting to market with the holy grail of AR, which is beaming a live volumetric human as a hologram in our AiRShow app.”
“We’re also working hard on bringing the AR room to the market for consumers as a standalone product,” Gappelberg added. “Right now it’s in our platforms but we plan on launching it as a standalone this year, which will be a Zoom lookalike only better since we have AI and AR.”
As a virtual experience company, Nextech AR is dedicated to empowering people to achieve a better future for themselves through SaaS platforms that create “infinite experiences that inspire the world,” as the company’s website states.
In terms of helping companies enhance their revenue potential, Nextech AR has or is developing tech verticals that include AR-enhanced virtual conference platforms, 3D advertising solutions, an Aritize360 (TM) app for e-commerce that includes “Try It On” technology via the virtual experience, and a Hollywood Studios version of the same app for creating 360-degree videos.
The company’s products have been garnering attention. Gappelberg noted that in 2019, Nextech AR Solutions generated $6 million in revenue. In 2020, the company pre-announced its bookings at $20 million, and the company anticipates its 2021 revenues will land between $50 million and $60 million. Nextech’s Virtual Experience Platform (“VXP”) was chosen to host the Student Veterans of America’s (SVA) 2021 National Conference in February, which included a keynote address by first lady Dr. Jill Biden and other speakers such as author Gary Vaynerchuk, actress, neuroscientist and author Mayim Bialik, and Secretary of Veterans Affairs Denis McDonough.
“I’m very proud of our Nextech delivery team who flawlessly pulled off this high-profile event. It is a great honor for our young company to be selected to work with SVA to build an engaging and secure venue for veterans and high-profile thought-leaders,” Gappelberg stated following the event (https://ibn.fm/fUEZi).
The company also announced the launch of its ad network this month (https://ibn.fm/9OsyX), granting it a pipeline for connecting advertisers to websites that want to host advertisements utilizing its owned-and-operated virtual event platforms audience and ability to create attention-getting AR-capable communications.
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
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