Nextech AR Solutions (Nextech) (OTCQB: NEXCF) (NEO: NTAR.NE)
(CSE:NTAR) (FSE: N29), a diversified leading provider of augmented
reality (AR), virtual event live streaming experiences plus
services for 3D ads, eCommerce, and education, today announced that
its Virtual Experience Platform (VXP) to host this year’s virtual
Canadian Surgery Forum (CSF) taking place September 21-24, 2021.
CSF partners and exhibitors include the Canadian Association of
General Surgeons (CAGS), Olympus, Johnson and Johnson
JNJ (NYSE) , Medtronic MDT (NYSE), Stryker SYK (NYSE), Pfizer
PFE (NYSE) and others.
The CSF is the largest surgical meeting in
Canada, bringing together more than 1,000 general surgeons
annually. The 2021 show marks the 20th Anniversary of the CSF. The
event seeks to connect surgeons from seven surgical societies
representing several key subspecialties including general surgery,
thoracic surgery, colon and rectal surgery, surgical oncology,
hepatobiliary surgery, hernia surgery and trauma surgery.
During CSF 2021, Nextech’s event production team
will be on hand to manage all main stage video content as well as
to coordinate subsequent breakout sessions, offering guests a
professionally produced, high-quality video streaming experience.
The CSF also features a trade show for industry exhibitors. This
year, with the help of Nextech’s VXP, 40+ exhibitors will be able
to showcase their technologies, products and offerings and network
with attendees.
“Nextech was one of the only platforms we tested
that I felt could deliver on the objectives of all our
stakeholders” said Karen Norris, CSF Manager. “Our delegates will
be engaged in the education sessions via the visually stunning
virtual ‘rooms’ and easy to navigate user platform. Our sponsors
and exhibitors will be able to showcase their products and recent
research and development via the augmented reality features of the
platform. The CSF is delighted to be working with Nextech to design
a virtual experience that engages all our event stakeholders to
share research and advance advocacy efforts for the Canadian
surgical community.”
Evan Gappelberg, CEO of Nextech AR comments,
“The CSF is predominant event for the medical community in Canada
and we’re honored to be selected as their partner to create a
scalable, reliable virtual venue.” He continues, “Our scalable,
secure and experiential solution is becoming a leading choice for
professional associations and trade shows in the medical industry
as we continue to land more and more events in the medical field.
Our ability to provide the most comprehensive offerings, including
significant revenue sponsorship and our exclusive 3D ad networks to
virtual exhibitor booths gives us an edge over other event
platforms. Each partnership and virtual experience we build
showcases the power of our technology as our momentum builds within
the $90 billion-dollar virtual events market expected to reach $400
billion in the next few years according to Grandview. As we push
into February, we are seeing an acceleration of global demand for
eCommerce, augmented reality, and virtual events by enterprise and
global brands which positions us for a positive Q1, 2021.”
Nextech’s platforms have serviced dozens of
Fortune 500 businesses such as Amazon, Viacom, Johnson and Johnson,
Bell Canada, UNESCO, Dell Technologies, Luxottica, Vulcan Inc ,
Boehringer Ingelheim, TEDx, Grundfos, and 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 Nextech to collaborate with
additional Fortune 500 companies in the near future.
To learn more about Nextech AR, please
visit www.Nextechar.com
About the Canadian Surgery
ForumThe Canadian Surgery Forum (CSF) is the largest
surgical meeting in Canada attracting 1000+ general surgeons
annually. The CSF is a partnered conference bringing together
numerous surgical societies focused on various surgical
subspecialties, general surgery, thoracic surgery, colon and rectal
surgery, surgical oncology, hepatobiliary surgery, hernia surgery
and trauma surgery. The objective of the CSF is to foster
communication among surgical subspecialties and to advance
continuing professional development, clinical practice, education,
research, and public advocacy while providing members of the
Canadian surgical community an opportunity to meet and network in a
collegial fashion.
Recent Company Highlights:
- February 8, 2021: The
Company announced the launch of new standardized chat features
within its Virtual Experience Platform /VXP) and recently-launched
ARoom collaborative streaming solution. Nextech will also offer the
chat platform, as a stand-alone SaaS service externally, increasing
the company's revenue potential for 2021.
- February 3, 2021: The Company announced that
the Canadian Dairy XPO (CDX) has selected Nextech AR’s Virtual
Experience Platform (VXP) to host its 2021 trade show, taking place
virtually on April 7-8, 2021.
- February 1, 2021: The Company announced that
it has been invited to Microsoft’s (MSFT: NASDAQ) Global Education
Partner Summit (GEPS), taking place virtually on February 8-10,
2021.
- 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
clients.
- 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 year
- 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”)
senior exchange.
- 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.
- 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 offerings.
About Nextech AR
Nextech 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.
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
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.
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