Nextech (CSE: NTAR) (NEO: NTAR) (OTCQB: NEXCF) (FSE: N29), a diversified provider of augmented reality (“AR”) experience technologies and services, has formally launched “3D Rooms” — an enhancement to its AR suite and WebAR for ecommerce. According to the update, Nextech is focused on gaining market share to what it believes is disruptive technology for creating 3D models at scale by using machine learning and AI. With the launch of this new software-as-a-service (“SaaS”) offering, the company is enhancing its revenue generating capabilities from each new customer, as well as its position in the AR for ecommerce market. “3D Rooms opens up a whole new avenue for bridging the online and offline purchasing gap. With Threedy Rooms, you can effectively take your ‘home’ with you to a physical store,” said Nextech AR CTO Nima Sarshar. “Anyone who has flipped through 100s of swatches in a furniture store, trying to imagine first how the swatches will look on the sofa they are sitting on and then how it looks inside their living room, will appreciate that. With 3D Rooms, you can visualize a product in store inside an actual photo of your room and be able to explore options such as color and patterns.”
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About Nextech AR Solutions Corp.
Nextech is focused on developing and operating augmented reality (“AR”) platforms that transport 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), as well as learning and training experiences. Nextech also maintains a legacy ecommerce business that generates revenues through product sales. Nextech is focused on continuing to develop and market its AR solutions as a growth business; however, most of the company’s revenues are currently derived from three ecommerce platforms, VacuumCleanerMarket.com (“VCM”), InfinitePetLife.com (“IPL”) and TruLyfeSupplements.com (“TruLyfe”), as well as VCM and product sales of residential vacuums, supplies and parts, and small home appliances sold on Amazon. For more information about the company, visit www.NextechAR.com.
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