Nextech AR Solutions (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), a Metaverse company and leading provider of augmented reality (“AR”) experience technologies and services, signed a deal with a multinational e-commerce entity that will provide the company with a growing base of monthly recurring revenue; the deal is an example of the growing interest Nextech is seeing in its state-of-the-art e-commerce 3D modeling and AR visualization solutions. The agreement outlines Nextech’s commitment to produce 2,500 3D models that will be distributed among the client’s global online subsidiaries. With its suite of 3D/AR and metaverse solutions, Nextech AR is emerging as a leader in the 3D modeling industry; the company already has deals with well-known brands such as Kohls, Lighting Plus New Zealand, Pier 1, Kmart Australia, NorthbyNorth, Just Recliners, Skate One and many more. Nextech anticipates coming out of its beta launch of its ARitize 3D SaaS offering for e-commerce soon, which would make the solution available for anyone with an ecommerce site. “This enterprise 3D modeling contract for an initial 2,500 models is a huge win for Nextech, and clearly highlights the future trajectory of our technology,” said Nextech AR CEO Evan Gappleberg in the press release. “By being able to provide scalable 3D/AR ecommerce solutions for the world’s largest multinational companies at what we believe is the lowest cost and highest quality, the most scalable solution really does change the game for our company. I believe that this is just the beginning as we have many more enterprise deals in our pipeline which we expect to close in Q1. Beyond enterprise we are seeing strong demand all through the ecommerce space. I believe that 2022 is the year that 3D models move from a ‘nice to have’ to ‘must have’ in ecommerce, and we have the 3D model factory that can scale, turning our platform into a ‘must have’ solution for ecommerce.”
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About Nextech AR Solutions Corp.
Nextech AR Solutions is a Metaverse company that develops and operates augmented reality (“AR”) platforms, transporting three-dimensional (“3D”) product visualizations, human holograms and 360° portals to its audiences altering e-commerce, digital advertising, hybrid virtual events (events held in a digital format blended with in-person attendance) and learning and training experiences. Nextech focuses on developing AR solutions for the Metaverse; however, most of the company’s revenues are derived from three e-commerce platforms: vacuumcleanermarket.com (“VCM”), infinitepetlife.com (“IPL”) and Trulyfesupplements.com (“TruLyfe”). VCM and product sales of residential vacuums, supplies and parts, and small home appliances are sold on Amazon. For more information about the company, please visit www.NextechAR.com.
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