Nextech AR Solutions (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), an augmented reality (AR), artificial intelligence-powered 3D model supplier for Amazon and other major e-commerce retailers, is announcing a rebranding as the company enters the AI space; the rebrand is designed to better reflect the company’s current technology and business. The company’s rebranded portfolio now includes Nextech3D.ai, Arway.ai and Toggle3D.ai. Part of the rebrand includes adding three new full-time AI scientists to the team; the new personnel will focus on the company’s AI development and support Nextech AR’s ambitious AI growth plans for 2023. According to the announcement, over the years Nextech has built tens of thousands of high-quality, fully textured, photo-realistic 3D assets, complete with hundreds of thousands of individual parts; the company’s first clean dataset of 70,000-plus 3D objects and more than 2.2 million synthetically rendered reference photos represents a small portion of all the parts and assets in its model library, but is already larger than the largest publicly available 3D dataset. “We have been able to create incredibly powerful artificial intelligence that really changes the game, between what we have been able to produce with a human versus what’s happening now with our generative AI-Powered 3D model factory,” said Nextech3D.ai CEO Evan Gappelberg in the press release. “We effectively have transitioned from a diversified augmented reality company and pioneering metaverse company to a leading AI-powered 3D modeling for e-commerce company. We believe that we have a competitive advantage in the $100 billion TAM 3D market and that anyone in our industry that doesn’t embrace the disruptive power of generative AI will find themselves at an enormous and insurmountable disadvantage from both a cost and innovation perspective.”
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About Nextech AR Solutions Corp.
Nextech AR Solutions is a diversified augmented reality, AI-powered technology company that leverages proprietary artificial intelligence to create 3D experiences for the metaverse. Its main businesses are creating 3D WebAR photorealistic models for the Prime Ecommerce Marketplace as well as many other online retailers. The company develops or acquires what it believes are disruptive technologies and, once commercialized, spins them out as standalone public companies issuing a stock dividend to shareholders while retaining a significant ownership stake in the public spinout. On Oct. 26, 2022, Nextech AR spun out its spatial computing platform, ARway, as a standalone public company. Nextech AR retained a control ownership in ARway Corp. with 13 million shares, or a 50% stake, and distributed 4 million shares to Nextech shareholders. ARway Corp. is disrupting the augmented reality wayfinding market with a no-code, no-beacon spatial computing platform enabled by visual marker tracking. For more information about Nextech, please visit www.NextechAR.com.
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