NexTech Signs AR Deal With Steyr Arms USA
February 19 2020 - 7:30AM
NexTech AR Solutions (NexTech) (OTCQB: NEXCF) (CSE: NTAR) (FSE:
N29), the leader in augmented reality for eCommerce and AR learning
applications, has signed a contract to provide AR to Steyr Arms, a
world-renowned firearms manufacturer. Steyr has been a pioneer and
innovator in the firearms industry for over 150 years and now
supplies products to over 50 of the world's militaries. NexTech
will initially supply Steyr with its state-of-the-art
cross-platform cross-browser WebAR solutions.
Bethany White, Director of Marketing comments, "Steyr Arms USA
is dedicated to providing industry leading experiences for our
consumers. After seeing what NexTech AR has been able to accomplish
with other manufacturers, we believe that an investment in
Augmented Reality is an ideal way to connect with people who are
browsing our products online; building high levels of confidence in
a purchase through one of our dealers. Our goal is to be a
competitive name within a small pool of performance leading brands,
and with NexTech AR we will have the tools we need to lead the
charge in the ever-growing eCommerce sectors of this industry."
Evan Gappelberg, CEO of NexTech AR Solutions comments, “We are
thrilled to sign up yet another major brand in the firearms
industry to our Web AR platform enabling them to showcase their
products in rich, photo realistic 3D/AR. We expect to deliver the
3D/AR models shortly which will be viewable on the homepage of
their website soon. With this deal we are continuing to execute on
our stated business plan of signing up early adopters in AR and
then moving them through our product offerings which includes;
WebAR, AR for training and education and AR for 3D advertising. All
of our customers are excited to join us as first movers in the
fast-growing augmented reality and virtual reality markets.”
About Steyr Arms USA.
The Steyr AUG is the NATO bullpup assault rifle,
designed in the 1960s by Steyr-Daimler-Puch and now manufactured by
Steyr Mannlicher GmbH & Co KG. In 1864, industrial pioneer
Josef Werndl founded a company in a sawmill that would eventually
become Steyr Arms. Since that time, the company has undergone many
changes as old-world craftsmanship eventually made way for
precision computer-driven machines. Through the rich history of the
company, Steyr’s key standards have always remained true. Today,
like its renowned cold-hammer-forged barrels, Steyr’s four pillars
of excellence—innovation, precision, reliability and
safety—continue to be at the company’s heart.
About NexTech AR Solutions
Corp.
NexTech is one of the leaders in the rapidly
growing AR industry, estimated to hit $120 billion by 2022,
according to Statista. NexTech, the first publicly traded
“pure-play” AR company, began trading on the CSE on October 31st,
2018. NexTech has a two-pronged strategy for rapid growth including
growth through acquisition of eCommerce businesses and growth of
its omni-channel AR SaaS platform called ARitize™.
The company is pursuing four
multi-billion-dollar verticals in AR.
ARitize™ For eCommerce: The
company launched its technologically advanced webAR for eCommerce
early in 2019 and has been rapidly signing up customers onto its
SaaS platform. Customers include Walther Arms, Wright Brothers, Mr.
Steak, and Budweiser. NexTech has the first ‘full funnel’
end-to-end eCommerce solution for the AR industry including its 3D
product capture, 3D ads for Facebook and Google, ‘Try it On’
technology for online apparel, 3D and 360-degree product views, and
‘one click buy’.
ARitize™ University: having
launched in June 2019, the app-based solution allows companies and
educational establishments to leverage all of their existing 2D
assets - YouTube videos, PDF documents, PowerPoint decks, images,
etc. - and then overlay immersive 3D-AR experiences on top of that
content for an interactive training experience that drives
productivity.
ARitize™ Hollywood Studios:
expected to launch in Q1 2020, the studio has created a proprietary
entertainment venue for which it is producing immersive content
using 360 video, and augmented reality as the primary display
platform.
ARitize™ 3D-AR-360 Advertising
Platform: launched in Q1 2020 the ad platform will be the
industry's first end-to-end solution whereby the company will
leverage its 3D asset creation into 3D, 360, AR ads. In 2019,
according to IDC, global advertising spend will be about $725
billion.
To learn more, please follow us on Twitter,
YouTube, Instagram, LinkedIn, and Facebook, or visit our website:
https://www.nextechar.com.
On behalf of the Board of NexTech AR Solutions
Corp. “Evan Gappelberg” CEO and Director
For further information, please contact:
Evan GappelbergChief Executive
Officerinfo@nextechar.com
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