Nextech AR Solutions (Nextech) (OTCQB: NEXCF) (NEO: NTAR.NE) (CSE:
NTAR) (FSE: N29), a leading provider of augmented reality (AR)
virtual experience technologies (VXT) 3D ads, eCommerce, education
technology and virtual conferences, today announced that it has
been invited to Microsoft’s (MSFT: NASDAQ) Global Education Partner
Summit (GEPS), taking place virtually on February 8-10, 2021.
Registration for the 2021 GEPS can be found here.
GEPS, an invitation only event for Microsoft Education Partners,
provides an opportunity to strengthen partnerships, build
connections and to learn more about Microsoft’s investments in
education technology. Nextech has been invited to showcase its
successes and capabilities in the education industry to Microsoft
Education stakeholders and partners.
Nextech’s presence will feature videos, whitepapers and other
virtual handouts showcasing the Company’s success in the education
space and providing an opportunity to network with some of the
biggest leaders in the industry. Attendees and partners will also
be able to meet the team responsible for delivering Nextech’s
Ryerson Augmented Learning Experience (RALE), currently in use at
Toronto’s Ryerson University, and view live demos of Nextech’s
Through Nextech’s partnership with Ryerson University, the RALE
program is providing collaborative AR learning experiences to over
5,000 first-year chemistry, biology, and physics students. Nextech
and Ryerson are seeking to revolutionize remote STEM learning
through dynamic education experiences that feature 3D, AR objects,
live demonstrations, and downloadable course content, all available
in one end-to-end digital platform.
Vivian Chan, Chief Channel Officer of Nextech AR comments,
“We’re excited to be partnering with a global technology leader
like Microsoft to showcase how our leading-edge technology, which
allows educators to truly take virtual education to the next level.
During this event, our Nextech team will elaborate on its successes
in delivering educational solutions and identify new business
opportunities through breakout sessions.”
Evan Gappelberg, CEO of Nextech AR comments, “We are truly
gratified that Microsoft extended us this invite and see this as a
big opportunity for Nextech to work with Microsoft executives who
really have the ability to affect industry wide change using our
augmented reality in education.” He continues, “We have already
built and delivered a robust AR platform solution for Ryerson
University which, with the reach of a global partner like Microsoft
we can duplicate globally. The market timing is perfect for our
augmented reality solutions. In 2021 we have a unique opportunity
to introduce students all over the globe to learning using
immersive AR technology which we have proven makes a huge positive
difference in education.”
Nextech’s platforms have serviced many Fortune 500 businesses
such as Amazon Viacom, Johnson and Johnson, Bell Canada, UNESCO,
Dell Technologies, Luxottica, Vulcan Inc., Boehringer
Grundfos, Arch Insurance.
Security is a core feature of the company which reported a
breakthrough in security with the help of Fastly, an edge computing
company. Bringing token authentication to the edge greatly enhances
security and performance, which is essential for winning more
contracts from Fortune 500 companies.
To learn more about Nextech AR, please
Recent Company Highlights:
- January 29, 2021: The Company announced
Society of Physician Leaders (CSPL) has selected Nextech AR’s
Platform to host this year’s Canadian Conference on Physician
Leadership (CCPL) taking place April 26-29, 2021.
- January 26, 2021: The Company announced in
partnership with ARB Meetings and Events it has signed a six-figure
annual contract to supply its InfernoAR video conferencing and
virtual events platform to NAMD.
- January 25, 2021: The Company announced that
Strategic Site Selection (SSS), a 15 year old site selection leader
in the meeting and events industry, has selected Nextech AR as a
preferred channel partner, making Nextech’s industry leading
virtual experience platform and services available to SSS
- January 20, 2021: The Company announced that
Microsoft’s Azure Cloud Services platform will be
a standard offering across its virtual experience platforms and
consumer apps enabling hyper-scalable, secure, and immersive events
and applications for users.
- January 15, 2021: Company has signed a renewal
agreement with Poly with an initial value of $470,000 for a
six-month term and the potential for additional revenue
after the six months.
- Record Q4 2020 Total Bookings of $7.3 million
+275% growth over the same period last
- CEO Evan Gappelberg purchased 250,000 shares. This
purchase brings his 2020 purchased shares to 1,279,885 common
shares of Nextech.
- Announced the launch of its ground-breaking “Genie in a
Bottle” human hologram AR marketing platform and new
eCommerce store for its TruLyfe brand of human supplements.
- Company graduated from the CSE and received approval to
list its common shares with the NEO Exchange (“NEO”)
- Announced that it is expanding its services into the
Asia-Pacific market after establishing a presence in
Singapore. To support this expansion, Nextech has hired
Yau Boon Lim, a technology industry veteran with over 25 years’
experience in strategy, planning, marketing, operations, and
business management for various industries in the Asia Pacific
market. Lim has held leadership positions within global enterprise
technology companies, driving marketing and strategies for blue
chip global tech companies, including IBM where he led marketing
management, Motorola where he was Head of Strategy and Planning,
and SAP where he was Vice President of Marketing for the Asia
Pacific market. Lim is based out of Singapore.
- Coex chooses Nextech as its hybrid virtual
event platform partner. Coex is a global leader in Meetings,
Incentives, Conferences & Events (MICE); it hosts over 200
exhibitions and 3,000 meetings & events in-house each year in
Korea at the Coex convention and exhibition center. Coex also
organizes numerous exhibitions throughout Korea and abroad, with
international reach in Vietnam, Indonesia, and China.
- Achieved a record-breaking 315% increase in Black
Friday sales year-over-year across its AR eCommerce
platform. With 2020 being a year dominated by coronavirus, shoppers
have shown that they will embrace the convenience and safety of
online shopping more than ever.
- The Canadian Society of
Nephrology (CSN) has chosen Nextech AR’s
Virtual Experience Platform (VXP) to host its 2021 Annual General
Meeting, taking place May 10-13.
- Launched a new collaborative streaming solution with AI
and AR enhancements, that integrates with its existing
Virtual Experience Platform (VXP) and its ARitize SaaS
- Appointed Dr. David Cramb to its Board of
Directors bringing its board to five members. Having this
fifth board member allows the company to meet one of the NASDAQ
requirements to qualify for its uplisting, which is in
- Selected by TEDx Malmö for its first ever
virtual event, held on December 12, 2020 in Sweden.
- A virtual concert featuring Grammy-nominated
artist and member of Migos, Offset, in collaboration with
the AXR+EXP concert series. The event was hosted via Nextech’s
newly acquired AiRShow app.
- The United Nations Educational, Scientific and Cultural
Organization (UNESCO) chose Nextech’s Virtual Experience
Platform (VXP) for its “High-Level Futures Literacy
- Restaurants Canada chose Nextech’s Virtual Experience
Platform (VXP) platform to transform the 2021 RC Show,
taking place February 28-March 3, 2021, into a completely virtual
experience. This is Canada’s largest foodservice and hospitality
event, the RC Show showcases cutting-edge products, pioneering
people, and transformative ideas.
About Nextech ARNextech is one of the leaders
in the rapidly growing Augmented Reality market
estimated to grow from USD $10.7B in 2019 and projected to reach
USD $72.7B by 2024 according to Markets & Markets Research; it
is expected to grow at a CAGR of 46.6% from 2019 to 2024.
The company is pursuing four verticals:
Virtual Experience Platform (VXP): An advanced
Augmented Reality and Video Learning Experience Platform for
Events, is a SaaS video platform that integrates Interactive Video,
Artificial Intelligence and Augmented Reality in one secure
platform to allow enterprises the ability to create the world’s
most engaging virtual event management and learning experiences.
Automated closed captions and translations to over 64 languages.
According to Grandview Research the global virtual events market in
2020 is $90B and expected to reach more than $400B by 2027, growing
at a 23% CAGR. With Nextech’s VXP platform having augmented
reality, AI, end-to-end encryption, and built-in language
translation for 64 languages, the company is well positioned to
rapidly take market share as the growth accelerates globally.
ARitize™ For eCommerce: The company launched
its SaaS platform for webAR in eCommerce early in 2019. Nextech has
a ‘full funnel’ end-to-end eCommerce solution for the AR industry
including its Aritize360 app for 3D product capture, 3D/AR ads, its
ARitize white label app, its ‘Try it On’ technology for online
apparel, 3D and 360-degree product views, and ‘one click buy’.
ARitize™ 3D/AR 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/AR ads. In 2019, according to IDC, global advertising spend
will be about $725 billion.
ARitize™ Hollywood Studios: The studio is in
development producing immersive content using 360 video, and
augmented reality as the primary display platform.
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For further information, please contact:
Evan GappelbergChief Executive Officerinfo@Nextechar.com
The NEO has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Certain information contained herein may
constitute “forward-looking information” under Canadian securities
legislation. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as, “will
be”, “looking forward” or variations of such words and phrases or
statements that certain actions, events, or results “will” occur.
Forward-looking statements regarding the Company increasing
investors awareness are based on the Company’s estimates and are
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, levels of activity, performance,
or achievements of Nextech to be materially different from those
expressed or implied by such forward-looking statements or
forward-looking information, including capital expenditures and
other costs. There can be no assurance that such statements will
prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements and forward-looking information. Nextech
will not update any forward-looking statements or forward-looking
information that are incorporated by reference herein, except as
required by applicable securities laws.