Nextech AR Solutions (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), a leading provider of virtual and augmented reality (“AR”) experience technologies and services for eCommerce, education, advertising, conferences, and events, today announced the launch of its Ad Network. According to the update, the Ad Network generated very positive results at recently held virtual and hybrid events for Repticon, which puts on 100 events annually, and the North Carolina Association of Zoning Officials (“NCAZO”) Annual Conference. The company is utilizing its owned and operated virtual event platform audience, which hosts thousands of specialized events that allow for targeted ads based on people’s interests, behaviors, location, and demographics. “We’re thrilled to see such impressive, early results from our Ad Network piloted across two unique events. We’re proud to have built a platform, which increases engagement, interactive experiences and learning opportunities for sponsors and attendees of both hybrid and fully virtual events,” said Nextech AR’s President of Advertising, Hareesh Achi. “With Repticon and NCAZO, we’ve showcased that our ad network can drive results for any type of event, from virtual to hybrid to in-person. Trade shows, consumer expos and professional conferences are the future of targeted, impactful advertising and offer incredibly cost-effective investment to brands. Based on the success of these initial pilot events and customer feedback, Nextech is well-positioned to be a leader in this space.”
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About Nextech AR Solutions Corp.
Nextech is one of the leaders in the rapidly growing augmented reality market estimated to grow from $10.7 billion in 2019 and projected to reach $72.7 billion by 2024 according to Markets & Markets Research; it is expected to grow at a CAGR of 46.6% from 2019 to 2024. The company is pursuing four verticals: Virtual Experience Platform (“VXP”), an advanced augmented reality and video learning experience platform for events; ARitize(TM) for eCommerce; ARitize 3D/AR advertising platform, the industry’s first end-to-end solution whereby the company will leverage its 3D asset creation into 3D/AR ads; and ARitize Hollywood Studios, a project that produces immersive content using 360 video and augmented reality as the primary display platform. For more information about the company, please visit www.NextechAR.com.
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