InvestorWire NewsRoom

Article

Nextech AR Solutions Corp. (CSE: NTAR) (OTCQB: NEXCF) Visualizing Advertising, e-Commerce, Events in 3D
March 18, 2021

Nextech AR Solutions Corp. (CSE: NTAR) (OTCQB: NEXCF) Visualizing Advertising, e-Commerce, Events in 3D

  • 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

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.

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).