Nextech (CSE: NTAR) (OTCQX: NEXCF) (FSE: EP2), an augmented reality (“AR”), artificial intelligence (“AI”) and 3D model supplier for Amazon and other major e-commerce retailers and brands, today announced that it has landed another major enterprise customer. Nextech AR Solutions was selected as a supplier for a top 10 e-commerce retailer in the United States, continuing the company’s rapid expansion and growth. “Today’s new contract is for the delivery of over 10,000+ 3D models in 2023, with significant expansion possible in Q3/Q4 of 2023. We are seeing more and more enterprise contracts, meaning 10,000+ 3D models or more, enter our production pipeline in 2023. We expect to announce additional enterprise contracts from major retailers in Q1 2023,” said Nextech AR CEO Evan Gappelberg. “This is happening because a rapidly rising number of companies within the e-commerce ecosystem are recognizing the game-changing ROI and customer satisfaction experienced by implementing 3D/AR models on their e-commerce websites. 3D/AR is setting the standard for Web 3.0 in e-commerce. In my opinion, all e-commerce businesses must follow suit and go 3D to stay competitive in the marketplace. We are witnessing the transition from flat 2D photos to 3D models in the $5.5 trillion dollar e-commerce ecosystem throughout the globe. We think that this is a decade-long mega-trend in which companies who don’t adopt a 3D/AR e-commerce strategy will be left behind, as 3D/AR produces immersive shopping experiences that customers are beginning to expect. Over the past few years, we have been heavily investing in artificial intelligence (‘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 mega-trend.”
To view the full press release, visit https://nnw.fm/YRyD1
About Nextech AR Solutions Corp.
Nextech is a diversified augmented reality (“AR”), artificial intelligence (“AI”) technology company that leverages proprietary 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.
About NetworkNewsWire
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information please visit https://www.networknewswire.com
Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork.
