Nextech3D.ai
Rebrands As The Company Enters the Age of AI
TORONTO, O.N,
Canada -- March 7, 2023 -- InvestorsHub NewsWire
-- Nextech
AR Solutions Corp.
("Nextech3D.ai'' or the
"Company") (OTCQX:
NEXCF) (CSE:
NTAR) (FSE: EP2), an Augmented Reality (AR), Artificial
Intelligence-Powered 3D model supplier for Amazon and
other major e-commerce retailers is excited to announce that it has
rebranded to better reflect its current technology and business. As
previously reported, the Company believes that its generative AI
has given it a competitive edge and is driving the Company toward
becoming cash-flow positive.
The Company's CTO Nima
Shasar, who is an AI and computer vision expert, has significantly
expanded his team with three new full-time AI scientists to bolster
its AI development and keep pace with its ambitious AI growth plans
for 2023.
Nima Sarshar, commented,
"The new advances in generative AI have made it possible to make
meaningful advances in creating 3D digital-replicas from ordinary
2D photos. Nextech is uniquely positioned to take advantage of
these advances; over the years we have built tens of thousands of
high-quality, fully textured, photo-realistic 3D assets, with
hundreds of thousands of individual parts, that we are now
harvesting to train our stable-diffusion AI models and more. Our
first clean dataset with 70,000+ 3D objects and more than 2.2M
synthetically rendered reference photos are now ready for training.
This is still a small portion of all the parts and assets in our
model library, and yet, it is already larger than the largest
publicly available 3D dataset called ShapeNet with its 51K models
of varying quality."
The Company's portfolio
of new brands are:
Nextech3D.ai
Arway.ai
Toggle3D.ai
Nextech3D.ai CEO Evan
Gappelberg comments, "We have been able to
create incredibly powerful artificial intelligence that really
changes the game, between what we have been able to produce with a
human versus, what's happening now with our generative AI-Powered
3D model factory." He continues, "We
effectively have transitioned from a diversified Augmented Reality
Company and pioneering metaverse Company to an leading AI-powered
3D modeling for e-commerce company.
We believe that we have a competitive advantage in the $100billion
TAM 3D market and that anyone in our industry that doesn't embrace
the disruptive power of generative AI will find themselves at an
enormous and insurmountable disadvantage from both a cost and
innovation perspective."
With a
new wave of generative AI systems, such as ChatGPT, the world is
entering a period of generational change where entire industries
have the potential to be transformed. The Company believes that to
be an industry leader in any industry, a clear and compelling AI
strategy is needed. With its breakthrough AI focused on 3D modeling
coupled with today's rebranding, plus its Amazon relationship
Nextech3D.ai is the leader and has a massive opportunity in the 3D
modeling space. As recently announced, Nextech3D.ai has
launched
breakthrough AI to scale its 3D model production
capabilities, which positions the
Company for
breakout revenue growth in 2023 and
beyond.
The
Company has also achieved a major generative
AI breakthrough in 3D model texture creation. Nextech3D.ai is
using its newly developed AI to power its diversified 3D/AR
businesses including Arway.ai, Toggle3D.ai and
Nextech3D.ai.
The Company has been
preparing this rebranding for quite some time and waited for the
moment when the AI mega-trend went mainstream. The company believes
that AI has now gone mainstream which is evident by ChatGPT going
viral and both
Microsoft, and
Google-parent
Alphabet, throwing their significant financial
might behind AI. This is a pivotal moment in history for
Nextech3D.ai business and its portfolio of Companies as they are
positioned to grab their fair share of this massive emerging
market and quickly
leverage AI in its quest to drive towards profitability in a
new
era
of
AI-powered
business and technology.
The Company has affected
the business name registration of Nextech3D.ai with the applicable
corp. regulatory authorities, the stock symbols will remain the
same.
To learn more, please
follow us on
Twitter,
YouTube,
Instagram,
LinkedIn,
and
Facebook, or
visit our website:
https://www.Nextechar.com.
For further information,
please contact:
Investor Relations
Contact
Lindsay Betts
investor.relations@Nextechar.com
866-ARITIZE (274-8493)
Ext 7201
Nextech AR
Solutions Corp.
Evan
Gappelberg
CEO and
Director
866-ARITIZE
(274-8493)
About
Nextech AR
Nextech AR Solutions
(OTCQX:
NEXCF) (CSE:
NTAR) (FSE: EP2) is a diversified augmented reality, AI-powered
technology company that leverages proprietary artificial
intelligence (AI) to create 3D experiences for the metaverse. Its
main businesses are creating 3D WebAR photorealistic models for the
Prime Ecommerce Marketplace as well as many other online retailers.
The Company develops or acquires what it believes are disruptive
technologies and once commercialized, spins them out as stand-alone
public Companies issuing a stock dividend to shareholders while
retaining a significant ownership stake in the public
spin-out.
On October 26, 2022
Nextech AR spun out its spatial computing platform, "ARway" as a
stand alone public Company. Nextech AR retained a control ownership
in ARway Corp. with 13 million shares, or a 50% stake, and
distributed 4 million shares to Nextech AR Shareholders. ARway is
currently listed on the Canadian Securities Exchange (CSE:ARWY), in
USA on the (OTC: ARWYF) and Internationally on the Frankfurt Stock
Exchange (FSE: E65). ARway Corp. is disrupting the augmented
reality wayfinding market with a no-code, no beacon spatial
computing platform enabled by visual marker tracking.
On December 14, 2022
Nextech AR announced its second spinout of Toggle3D, an AI-powered
3D design studio to compete with Adobe. Toggle3D is expected to be
public in the first half of 2023.
To learn more about
ARway, visit
https://www.arway.ai/
Forward-looking
Statements
The CSE
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" or variations of
such words and phrases or statements that certain actions, events
or results "will" occur. Forward-looking statements regarding the
completion of the transaction are subject to known and unknown
risks, uncertainties and other factors. There can be no assurance
that such statements will prove to be accurate, as 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.