VANCOUVER, British Columbia, July 12, 2023 (Globe Newswire) — Nextech3D.AI, formerly Nextech AR Solutions Corp. (OTCQX:NEXCF) (CSE:NTAR) (FSE:EP20), leverages Generative AI to Supplier of 3D models. A major e-commerce retailer applied to list on the Nasdaq Capital Market and signed a major corporate renewal and expansion deal.
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The company, which plans to dual-list on the Nasdaq Capital Markets, has confidentially filed a draft registration statement on Form F-1 with the U.S. Securities and Exchange Commission in advance of a future U.S. offering of its securities.
Nextech3D.ai is a multifaceted augmented reality AI technology company that leverages its own artificial intelligence to create 3D experiences for the Metaverse and 3D WebAR photorealistic models for the Prime Ecommerce Marketplace and other online retailers. Focus on creating.
The company also has large corporate clients, part of Wesfarmers, one of Australia’s largest listed companies and largest employers, with businesses such as Bunnings, Kmart Group and Officeworks, and has over 1,000 3D models. also announced that it has renewed and expanded its contract with This follows recent contract renewals and expansions of his 3000 3D models with leading e-commerce brands, as well as corporate renewal agreements with S&P 400 companies for over 5000 3D models. Management believes these enterprise renewals and a multi-year supply agreement with Amazon will strengthen Nextech3D.ai’s position in his 3D models in the e-commerce industry.
The company has an independent public offering by developing or acquiring what management deems disruptive technologies, commercializing them, and then issuing stock dividends to shareholders while retaining significant ownership interest in the spinout. It has a history of being spun out as a company.
On October 26, 2022, Nextech3D.ai spun out the spatial computing platform “ARway.ai”. ARway.ai is disrupting the augmented reality wayfinding market with a no-code, beacon-free spatial computing platform enabled by visual marker tracking. Nextech3D.ai owns his 13 million shares of ARway and has distributed 4 million shares to shareholders. ARway.ai is currently listed on the Canadian Stock Exchange under the symbol ‘ARWY’, in the US on his OTCQB under the symbol ‘ARWYF’ and abroad under the symbol ‘E65’ on the Frankfurt Stock Exchange. are listed on the market.
On June 14, 2023, the company completed the spinout of Toggle3D.ai. This is his breakthrough SaaS solution that utilizes generative AI to transform his CAD files, apply his stunning 4K texturing, and enable seamless publishing of stunning 4K 3D models. . Following the same plan, the company held his 13 million shares of Toggle3D.ai and distributed 4 million shares to shareholders. Toggle3D.ai is traded on the Canadian Stock Exchange under the symbol ‘TGGL’ and in the US he is traded on OTCPinks under the symbol ‘TGGLF’.
All of this, and given the stakes in the two spin-off companies, makes it hard to believe that the stock is trading at just $0.54, just above its all-time low of $0.50 on the CSE.
For more information, please visit the company’s website. www.NextechAR.com. Investor Relations is handled by Lindsey Betts, who can be reached at 866-274-8493 ext. 7201 or email. investor.relations@nextechar.com.
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