- Nextech AR Solutions, a diversified leading provider of augmented reality (“AR”) experience technologies and services, is developing a platform for creating and publishing 3D images – at scale – from 2D originals, facilitating the digital transformation of online shopping and education
- Nextech recently announced the closing of its acquisition of AI 3D image mass producer Threedy.ai in an all-stock transaction valued at $9.5 million
- The combined efforts of the companies will remove a key bottleneck for e-commerce operators and manufacturers to create 3D models of their products at scale so that they can be easily marketed online via Web AR and on other smart devices
- Nextech’s immersive learning and video conference solution announced in June supports educators’ needs in transforming traditional learning and event formats into interactive digital learning experiences
Augmented reality (“AR”) ecosystem developer Nextech AR Solutions (CSE: NTAR) (OTCQB: NEXCF)
has been making a name for itself developing 3D interactive experiential solutions that it expects to enhance e-commerce’s and higher education adoption and engagement.
While the company’s AR platform may still be a little ways away from the capability of the intergalactic holographic video conferencing envisioned long ago by Hollywood’s “Star Wars” creator, Nextech is nonetheless advancing users’ ability to project human holograms and market products through 3D visualizations in cell phones, Web and other smart tech devices.
Nextech’s potential to scale its 3D product took a significant leap in June when it closed on the acquisition of Silicon Valley-based artificial intelligence (“AI”) company Threedy.ai, Inc. The deal, finalized through the issuance of company shares valued at $9.5 million, will help Nextech toward its goal of creating “a disruptive, fully integrated, AR/AI enabled and scalable 3D modeling platform” suited to e-commerce customers, according to the company (https://ibn.fm/0Vzqk
“Retailers including Kohl’s, Pier1 and K-Mart Australia are already using Threedy’s technology to offer AR shopping experiences at scale and now together with Nextech we will create a unified, scalable 3D content creation engine for all our AR solutions,” Threedy CEO Nima Sarshar stated (https://ibn.fm/2j2td
). “Threedy has created AI-powered tools that take 3D content creation for AR and other applications from a craft-production process to mass-production. It takes several hours for a typical 3D artist to create a 3D replica of a physical product. Content creation has long been the bottleneck for bringing AR to large retailers, many of whom have thousands of SKUs live at any given time. Using our virtual assembly line technology, thousands of models can be created per week, with minimal human intervention, in many categories.”
Nextech’s technology stack also facilitates a more humanistic feel for the video-conferenced meetings that have become practically ubiquitous during the past year as a result of the COVID-19 pandemic. That includes educational solutions, as evidenced by Nextech’s announcement of its EdTechX solution the launch in June. The platform provides educational institutions with the technological means to turn their virtual experiences into evolved-beyond-the-white-board opportunities (https://ibn.fm/oDn8b
For more information, visit the company’s website at www.NextechAR.com
NOTE TO INVESTORS:
The latest news and updates relating to NEXCF are available in the company’s newsroom at https://ibn.fm/NEXCF
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