Nextech (CSE: NTAR) (OTCQX: NEXCF) (FSE: EP2), a metaverse company and leading provider of augmented reality (“AR”) experience technologies and 3D model services, today announced a patent update covering its breakthrough artificial intelligence (“AI”) technology 3D model creation. The company also reported that this proprietary AI-based 3D model creation using through composition of deformable parts is now covered under U.S. patent application number 17/874,992. “Today we are leveraging the game-changing power of generative AI, which we believe gives us a major competitive advantage in the 3D model market. With generative AI we are creating an increasingly wider exponentially growing moat: the more models we make, the larger that part library gets, and the easier it gets to make new 3D models,” said Evan Gappelberg, CEO of Nextech. “I believe that we are at the point where the value of Nextech goes up with each new 3D model we make, creating a virtuous cycle of growth and value. 2023 is going to be the year of AI. We have already announced multimillion-dollar enterprise contacts and more are expected in 2023. With our breakthrough AI that we are continuously developing, we are becoming the global go-to 3D model supplier for ecommerce. With hundreds of millions of 3D models needing to be made, we have been heavily investing in AI, which is now paying dividends. Our proprietary breakthrough AI perfectly positions us to take full advantage of the multibillion-dollar decade-long 3D model megatrend!”
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About Nextech AR Solutions Corp.
Nextech is a diversified AR, AI technology company that leverages proprietary artificial intelligence (“AI”) 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 stand-alone public companies issuing a stock dividend to shareholders while retaining a significant ownership stake in the public spin-out. For more information about the company, visit www.NextechAR.com.
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