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5 days ago
Nextech3D.ai Secures Three New Patents for AI-Powered 3D Model Generation Algorithms
Growing Portfolio Now Includes a Total of Five Patents In the Field of 3D Modeling
TORONTO, ON / ACCESSWIRE / September 4, 2024 / Nextech3D.ai (OTCQX:NEXCF)(CSE:NTAR)(FSE:1SS), a leading provider of Generative AI-powered 3D model content for major e-commerce retailers like Amazon, P&G, and Kohl's, is thrilled to announce that the United States Patent and Trademark Office (USPTO) has granted the company three new patents for innovative AI-based algorithms designed for 3D model generation.
These new patents are part of Nextech3D.ai's growing portfolio, which now includes a total of five patents in the field of 3D modeling. This achievement underscores the company's dedication to enhancing shareholder value through cutting-edge AI-powered solutions in 3D technology.
The newly granted patents cover advanced AI algorithms that provide the most scalable and efficient methods for generating 3D models from a variety of input sources. These algorithms give Nextech3D.ai a competitive edge, enabling the creation of scalable, cost-effective, and time-efficient solutions for its customers.
The New Patents Include:
THREE-DIMENSIONAL (3D) MODEL GENERATION FROM TWO-DIMENSIONAL (2D) IMAGES
MATERIAL ESTIMATION FOR THREE-DIMENSIONAL (3D) MODELING
THREE-DIMENSIONAL (3D) MODEL ASSEMBLY
As the global 3D and augmented reality (AR) market in eCommerce continues to grow, over the next five years, Nextech3D.ai is strategically positioned to capitalize on this trend. The company's patented AI algorithms will play a crucial role in delivering scalable and efficient solutions to meet the increasing demand for 3D models in digital retail.
Evan Gappelberg, CEO of Nextech3D.ai, commented, "We are at the forefront of a technological change where AI, AR, and 3D model creation are set to become foundational technologies shaping our future. With these patents, Nextech3D.ai is well-positioned in the market and focused on delivering substantial value to our shareholders.."
The patent approvals are a testament to Nextech3D.ai's technological capabilities and reinforce the company's commitment to driving the future of 3D technology through innovation and AI.
For further information, please contact:
Nextech3D.ai
Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)
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5 days ago
Nextech3D.ai Offers $2.8 Million Opportunity - Sep 6, 2024
Dear Valued Investor,
I hope this letter finds you in good health and high spirits. It is with great pleasure that I reach out to you today to present a unique, time-sensitive investment opportunity in Nextech3D.ai, the company you have already trusted and believed in.
In our relentless pursuit of excellence and commitment to creating shareholder value, we are excited to offer our loyal investors an exclusive opportunity to acquire additional shares of Nextech3D.ai at an exceptionally discounted price. We believe that seizing this opportunity could be a game-changer for your investment portfolio.
We have announced a $2.8 million Private placement to allow our shareholder to invest at the new price of .10 which is the lowest offering price to date and near the year's low and to position our company ahead of Amazon opening seller central. We do see this as our biggest opportunity and have invested $25 million to get here - but now we are here, and the time has come for us to make this last push-together!
Here are the details of this limited-time offering
:
Offering Details:
Price per Common Share: $0.10 CDN
Warrant Inclusion: With every common share, you will receive one warrant that is valid for two years at $0.15.
Why Invest in Nextech3D.ai now?
Strategic Catalysts:
We have several pivotal catalysts on the horizon, including Amazon opening seller central where Nextech3d.ai will be featured as one of the exclusive 3D Modeling suppliers for the 10 million Amazon merchants
Cutting-Edge Technology:
Amazon has transferred cutting-edge computer vision AI technology to us which now allows us to independently quality-assure our 3D models. This move reflects the high level of trust and integration we've established with Amazon over the past year.
Game-Changing Opportunity:
In October (yes it's been delayed but it is happening) 2024, Seller Central is set to enable the automatic integration of Nextech 3D models onto Amazon's platform. This represents a breakthrough, allowing 3D models to replace 2D photos on a massive scale. This opening of the floodgates is the main opportunity for Nextech to grow, granting us access to 10 million customers and 350 million products as a Preferred 3D model supplier.
New AI Photography Stuido is another NEW technology which the company has pioneered and now starting to monetize.
In the realm of cost efficiency and technological advancement, we have achieved significant milestones that directly impact our financials:
Operational Savings:
We've made substantial strides in reducing operational costs. Combined with the maturation of our generative AI technology, this has resulted in a remarkable reduction in the production cost of our 3D models.
Cost Reduction:
Enhanced Profit Margins:
Improved Gross Profit:
Pivoting production to India and using more AI has driven margins dramatically up.
With the lowered production costs, our gross profit per 3D model has risen to a robust 74% gross margin.
Future Cost Reductions:
We anticipate further cost reductions as our AI technology takes on a more substantial role. Our goal is to bring our profit margins into the 80% range.
Diversified Margin Structure:
It's important to note that our sale of 3D models to Amazon at $63 represents the lowest-margin aspect of our business. We also supply 3D models to esteemed clients such as Kohls, P&G, Vornado fans, Dyson, CB2, and over a hundred others, where our prices are $75+ outside of Amazon pushing profit margins higher.
Significant Upside Potential:
Looking ahead, there's substantial growth potential as we aim to charge our standard prices for merchants on Amazon Seller Central. This development represents a notable upside for our 2024/2025 financial outlook.
These financial improvements, coupled with our expanding client base and technological advancements, position us for a promising future. We believe that our continued efforts in enhancing efficiency and profitability will generate substantial value for our investors as we move forward. Although delays have occurred we do believe that we are on the right track and cusp of turning the corner.
Current Valuation:
At the offering price of $0.10 CDN, our fully diluted market capitalization stands at $14 million CAD. We believe that this valuation significantly undervalues our potential, especially considering the projected 2024/2025 revenue, gross margin, and the growing importance of 3D models in the e-commerce sector. Amazon themselves declared that merchants with 3D models get a 200% increase in conversions on the Amazon site!
This offering is your chance to further strengthen your investment position in Nextech3D.ai, an innovative AI company with a promising future. We see tremendous potential for capital appreciation and invite you to take advantage of this unique opportunity.
For any questions or inquiries about this offering, please contact our Investor Relations team at: investor.relations@nextechar.com
Our dedicated point of contact:
Belinda Tyldesley closingbellservices@gmail.com is available to assist you, and our CEO, Evan Gappelberg, is open to calls to answer your investor queries.
In conclusion, I encourage you to consider this limited-time investment opportunity seriously. Your trust and support have been invaluable to us, and we invite you to continue this journey of success together.
Read more details about the Press Release here.
Sincerely,
Evan Gappelberg - CEO/Founder
evan@nextechar.com
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3 weeks ago
Nextech3D.ai Interview Unveils New AI Features for Aritize3D:
Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to announce significant new enhancements to the company's Aritize3D platform, powered by generative AI. Nextech3D.ai, a pioneer in 3D technology for e-commerce, continues to push the boundaries of innovation with these updates, aimed at enriching product experiences and simplifying the process for customers to visualize and interact with 3D models. Among the key new features is the ability for users to view the dimensions of 3D models directly within the platform's viewer. This functionality provides customers with immediate access to critical information, empowering them to make more informed purchasing and design decisions. By offering this level of detail, Nextech3D.ai is not only enhancing the user experience but also helping its clients deliver exceptional value to their end users.
Additionally, the platform now enables customers to create branded QR codes for their 3D models. This feature enhances brand visibility across various marketing channels, including physical stores, online platforms, and promotional materials. The ability to seamlessly integrate branding into 3D models offers clients a unique way to connect with their audience and reinforce brand identity. Furthermore, Nextech3D.ai's platform now supports three different 3D model viewers, offering increased flexibility to cater to the diverse needs of its customers. This expansion of viewing options ensures that clients can choose the best possible presentation format for their products, further enhancing the overall user experience.
Watch Interview
https: //www.youtube.com/watch?v=WOOoQ8jR3gg (Please remove the space after https:)
scoobey-do
3 weeks ago
Nextech3D.ai Launches Key New Features For its Generative AI Powered 2D-3D Model Platform
TORONTO, ON, Canada – August 27th 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a leading generative AI-powered 3D technology company and a certified 3D Content provider for Amazon is pleased to announce key new features for its gen AI powered Aritize3D platform that enhance product experiences and make it easier for customers to visualize 3D models. The launch of these new platform features, are designed to enhance the shopping experience for its customers and their end users. The company, a leader in generative AI-powered 3D technology for e-commerce, is continuing to innovate and expand it’s platform and 3D modeling solutions
Key updates include:
• Dimension View for 3D Models: Users can now view the dimensions of 3D models directly within the platform, providing critical information for better purchasing and design decisions.
• Customizable QR Codes: Customers can create branded QR codes for their 3D models, enhancing brand visibility across marketing materials, physical stores, and online platforms.
• Integration with Multiple 3D Model Viewers: The platform now supports three different 3D model viewers, offering flexibility to meet diverse customer needs.
Nextech3D.ai also highlights its capabilities in AI-driven 3D texturing, 2D photo renders from 3D models, and compliance with Amazon's standards for 3D models, making it a valuable partner for e-commerce brands and Amazon sellers looking to enhance their product listings.
Introducing Dimension View for 3D Models: Empowering Informed Decisions
Nextech3D.ai is proud to introduce the ability to view the dimensions of 3D models directly within our platform viewer. This feature allows customers to access critical information at a glance, enabling them to make more informed purchasing and design decisions. By providing this level of detail, we are enhancing the user experience and helping our clients deliver unparalleled value to their customers.
Customize Your QR Codes: Amplify Your Brand Identity
In today’s highly competitive landscape, brand recognition is more important than ever. With our new customizable QR codes, Nextech3D.ai customers can now create QR codes for their 3D models that reflect their unique brand identity. Choose from a range of custom colors and backgrounds to ensure that your QR codes stand out across all marketing materials, physical stores, and online platforms. This feature not only enhances brand visibility but also strengthens the connection between your digital and physical presence.
Seamless Integration with Multiple 3D Model Viewers: Optimized for Every Customer Need
Understanding that every customer has unique requirements, Nextech3D.ai has integrated with three types of 3D model viewers, ensuring the best possible experience on any website. This versatility guarantees that our customers can choose the viewer that best aligns with their specific needs, providing a seamless and engaging experience for their users. Whether for e-commerce, design, or interactive marketing, our platform adapts to deliver exceptional results.
Key Features of Nextech3D.ai’s 3D-Platform Offering:
• Seamless 3D Model Creation: Bring your 2D and CAD files to our platform, and Nextech3d.ai will build accurate 3D models at scale.
• AI-Driven 3D Texturing: Enhance 3D models with realistic textures using text prompt or from an Image and apply textures to your 3D models.
• 2D Photo Renders from 3D Models: Generate high-quality 2D images from 3D models for versatile use. Increased ROI from your 3D models, no more costly photoshoots.
• Compliance and Publishing: Provide your existing 3D models, and we ensure they meet Amazon's standards and publish them to your Amazon product pages.
Nextech3D.ai is excited to bring these innovative solutions to e-commerce brands and Amazon sellers, helping them leverage the power of 3D and AR to enhance their product listings on Amazon.
For sales contact: mady.wynsma@nextechar.com
Popular categories for 3D models in Amazon’s stores include: ? Home, ? Garden & Tools ? Home Decor ? Furniture ? Kitchen & Dining ? Bed & Bath, ? Garden & Outdoor ? Home Improvement ? Handbags
For further information, contact:
Nextech3D.ai
Evan Gappelberg, CEO/Founder
866-ARITIZE (274-8493)
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1 month ago
Nextech3D.ai Achieves Breakthrough in AI-Driven Augmented Reality for Global Retailers
By Nextech3D.ai on Aug 14, 2024 2:24:59 PM
🚀 We're thrilled to share that Nextech3D.ai has been featured in Tech Times for our advancements in AI-driven augmented reality! 🌟 We are part of the revolution that is changing the global retail landscape, delivering immersive and interactive shopping experiences that boost customer engagement, streamline the buying process, increased purchases, reduced returns and drive higher conversion rates. 🌍🛍️
It was a crisp autumn morning in 2018 when Evan Gappelberg, the CEO of Nextech3D.AI, stood on the cusp of a significant moment in his career. The company Gappelberg built uses advanced artificial intelligence to create detailed 3D models from 2D photographs, transforming flat 2D photos into interactive 3D enhancing online shopping experiences. As sunlight filtered through the glass walls of his office, it cast reflections on monitors displaying the latest in 3D modeling technology. This was not just another day; it marked the culmination of decades of progress in photography. Today, Nextech3D.AI, a publicly traded company (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a Certified 3D Model External Content Provider (ECP) for Amazon, and a leading generative AI-powered 3D modeling technology company for major e-commerce entities, announces its intention to transform the e-commerce landscape with its patented AI-powered 3D modeling technology.
In an industry where visuals are crucial, Nextech3D.ai's ability to create accurate 3D models from 2D photographs bridges the gap between online shopping and the in-store experience. The partnership with Amazon, the world's largest online retailer, underscores the potential of AI to enhance how consumers interact with products online. As Gappelberg prepared to address the media, the anticipation built around the potential impact of this technology on the future of e-commerce.
Building a Vision
Nextech3D.ai was founded in 2018, driven by Gappelberg's ambition to advance augmented reality and artificial intelligence. With a $50 million investment in patented AI technology, the company aimed to create 3D models for e-commerce platforms. Their goal was straightforward yet impactful: to make online shopping as detailed and confident as a physical store visit, all from the comfort of home.
"We wanted to make online shopping as easy and satisfying as browsing your favorite store," Gappelberg said. "By using our patented AI technology, we can create 3D models that look real and can be easily scaled, which has allowed us to work with big names like Amazon." This significant investment has made Nextech3D.ai a leader in the industry, ready to meet the changing demands of e-commerce.
Nextech3D.ai uses advanced algorithms to turn simple 2D photos into detailed 3D models. This process cuts the need for expensive and time-consuming photo shoots, reducing costs and speeding up the time it takes for products to appear online. Additionally, the technology includes a virtual try-on feature, boosting customer confidence and reportedly doubling conversion rates. This development is making online shopping more interactive and engaging.
Elevating E-commerce with 3D Technology
The partnership between Nextech3D.ai and Amazon is poised to transform the e-commerce industry, which is expected to reach approximately $6.3 trillion by the end of 2024. As a certified Amazon 3D content provider, Nextech3D.ai's technology will be featured on Amazon's platform, enabling millions of merchants to transform their flat 2D photos of products to be viewed in detailed 3D. This collaboration marks a major milestone for both companies and highlights the growing role of augmented reality and artificial intelligence in retail.
"Partnering with Amazon is an incredible opportunity," Gappelberg explained. "Their focus on enhancing the customer experience fits perfectly with our mission. Together, we're redefining what online shopping can be." For consumers, this means a more interactive and informative shopping experience. Products can be viewed from every angle, with the ability to zoom in on intricate details, offering a level of transparency and engagement that traditional images can't match.
Nextech3D.ai's diverse customer base includes major clients like Miele, Sony, Procter & Gamble, NAPA Auto, and Kohl's, in addition to Amazon. This wide-ranging clientele demonstrates the broad appeal and applicability of Nextech3D.ai's technology across various industries. An industry expert pointed out the potential benefits but also warned about relying too heavily on technology. "While 3D modeling in e-commerce has great potential, it's important to balance technology with practicality. Not all products need such detailed visualization, and there will be a learning curve for both retailers and consumers," the expert noted.
Sustained Growth and Future Outlook
In 2024, Nextech3D.ai delivered over 100,000 3D models, showcasing its ability to scale and meet market demand. The global e-commerce market continues to grow, with a projected annual growth rate of 20% to 25% through 2025. As online shopping evolves, incorporating augmented reality (AR) and artificial intelligence (AI) technologies is key to enhancing customer experiences and driving sales.
Nextech3D.ai is well-positioned to benefit from these trends. Their technology meets current market needs and anticipates future demands. By continuously investing in research and development, the company aims to stay ahead, providing solutions that improve the online shopping experience. With a global reach, Nextech3D.ai has delivered millions of AR experiences, demonstrating its technology's scalability and market appeal.
Gappelberg is optimistic about the future, highlighting the importance of adaptability and forward-thinking. "Online shopping is always changing. We want to stay ahead and give our clients the tools they need to succeed in a digital world," he said. This proactive mindset ensures that Nextech3D.ai will continue to lead in integrating AI and AR technologies in e-commerce.
Expanding into New Sectors
Nextech3D.ai plans to enter fields such as health care, education, and real estate, using augmented reality (AR) and artificial intelligence (AI) for various applications. In health care, AR can facilitate virtual consultations, providing easy access to medical professionals. Education can benefit from immersive experiences that make learning more engaging, while real estate can use interactive property tours to allow buyers to explore homes remotely. These expansions show the versatility of Nextech3D.ai's technology beyond retail.
AR can improve patient care by making virtual consultations more immersive and realistic. It can bring lessons to life in education, making them more engaging. Real estate can benefit from AR by offering virtual property tours, saving time and resources while providing detailed views of properties. By exploring these new sectors, Nextech3D.ai aims to create value across multiple industries.
A New Chapter for E-commerce
The partnership between Nextech3D.ai and Amazon marks a new era for e-commerce. Integrating 3D modeling technology enhances the online shopping experience, providing consumers with more confidence and satisfaction. This gives retailers a competitive edge, fostering growth and customer loyalty.
This collaboration highlights the shift towards digital retail and the role of technology in shaping consumer behavior. As AR and AI evolve, they will transform online shopping, setting new industry standards. The partnership with Amazon demonstrates Nextech3D.ai's proficiency and ability to lead in this technological transformation.
"We're just starting to see what we can do. The possibilities for 3D and augmented reality technology to improve our daily lives are huge. At Nextech3D.ai, we're excited to explore these possibilities and provide solutions that really help," Gappelberg underscored. With this vision, Nextech3D.ai aims to influence the future of e-commerce. The partnership with Amazon and others is a step toward a future where technology and retail come together in new ways.
As Nextech3D.ai continues to develop AI and AR, the company remains dedicated to empowering businesses and enhancing the consumer experience. With leaders like Gappelberg, the future of e-commerce looks bright. For investors, Nextech3D.ai offers a promising opportunity, well-positioned for growth and success in the evolving e-commerce landscape. This proactive mindset ensures that Nextech3D.ai will continue to lead in integrating AI and AR technologies in e-commerce.
Key Features of Nextech3D.ai's 3D-Platform Offering:
• Seamless 3D Model Creation: Bring your 2D and CAD files to our platform, and Nextech3D.ai will build accurate 3D models at scale.
• AI-Driven 3D Texturing: Enhance 3D models with realistic textures using text prompts or from an Image and apply textures to your 3D models.
• 2D Photo Renders from 3D Models: Generate high-quality 2D images from 3D models for versatile use. Increased ROI from your 3D models, no more costly photoshoots.
• Compliance and Publishing: Provide your existing 3D models, and we ensure they meet Amazon's standards and publish them to your Amazon product pages.
For more information, contact:
Nextech3D.ai
Evan Gappelberg, CEO/Founder
866-ARITIZE (274-8493)
scoobey-do
1 month ago
AI-powered 3D models revolutionize e-commerce
Nextech3D.ai (CSE:NTAR) CEO Evan Gappelberg gave an interview at The Capital Compass and he discussed about Nextech3d.ai efforts in AR and 3D technologies. Evan shared that Nextech3D.ai is pioneering the shift towards 3D and augmented reality (AR) technologies in e-commerce, driven by its advanced AI capabilities. The company creates hyper-realistic 3D models that enhance product visualization, improve customer engagement, and reduce return rates. Company's patented AI-powered technology enables rapid and cost-effective 3D model creation, benefiting major e-commerce sellers on Amazon and other platforms. This transformation from 2D to 3D models is reshaping online shopping, providing a more interactive and immersive experience for consumers. Nextech3D.ai's strategic initiatives and partnerships position it at the forefront of this technological revolution, aiming for profitability with high profit margins and reduced operating expenses by 2024
https: //stockhouse.com/news/newswire/2024/08/01/ai-powered-3d-models-revolutionize-e-commerce
AI-powered 3D models revolutionize e-commerce
Coreena Robertson, The Market Online
The following is a transcription of the above video, and The Market Online has edited it for clarity.
Nextech3D.ai (CSE:NTAR) is rapidly making gains via its proprietary artificial intelligence that creates 3D models and is being utilized in major e-commerce settings. CEO Evan Gappelberg joins The Market Online to discuss the company’s patented AI technology, its growth in the 3D interactive model industry and its partnership with Amazon.
TMO: Let’s start with your patented AI tech for those new to the company. What does it do?
Gappelberg: Our generative AI technology converts 2D photos to 3D interactive models for the e-commerce industry. We’ve been working as pioneers in this space going all the way back to 2018. We’ve invested at this point almost $50 million into our AI technology and now we’re scaling our AI production of 3D models for Amazon and for other major e-commerce platforms.
TMO: Now you are recognized as an Amazon 3D model external content provider. How does that position you for growth with Amazon and what is the significance of this for investors?
Gappelberg: It’s a very significant development. Amazon is the 800-pound gorilla when it comes to e-commerce, and we are one of an elite few 3D model external content providers for Amazon. We went through a rigorous two-year training program. During that program we delivered millions of dollars’ worth of 3D models to Amazon, for Amazon.
So, if you go on Amazon’s site, a lot of the 3D models that you see, there are models that Nextech3d.ai has built for Amazon and yet we’re still at the very, very early stages. This is still just the beginning. Amazon still hasn’t really opened up their platform. They’ve been using Nextech to test their platform and we believe that they’re going to be opening up their platform very, very soon and we believe the floodgates are going to open when they do, where there’s roughly 10 million Amazon sellers and roughly 350 million products and they’re all going to convert from 2D to 3D. So it’s a very prestigious designation for our small company and we’re very excited about the revenue potential.
TMO: And Amazon is just going to continue to grow.
Gappelberg: Yeah, they are. Some people have projected that in the future, 95 per cent of commerce will be done online will be e-com. So yeah, there’s endless growth opportunities.
TMO: Now, Amazon reported that creating 3D and AR models increases engagement in sales and reduces return rates. Is this because of your technology?
Gappelberg: It is. So, Amazon has proven through years of testing that there’s a 2x improvement in purchase conversions on average when you have a 3D model versus a 2D photo, that’s what’s driving this. This is all about ROI, even though it’s super cool to see a 3D model in your space. The cool factor is it’s cool, but what’s driving it is ROI. For every 3D model that you have replacing a 2D photo, you’re getting a 200 per cent improvement in conversions and that is huge in the e-commerce industry. I don’t think there’s any other technology that provides that kind of return, video or hotspots maybe provide a 10 per cent or 15 per cent uplift, but it’s unheard of to see a 2x.
TMO: Personally, the reduction on the return rates has got to be a massive bonus as well.
Gappelberg: Absolutely. Returns plummet because you’re able to try before you’re buying, you’re able to see it in your space. And so especially for things like furniture where the size is always an issue or home appliances, you have a 3D model and an augmented reality view, which is what we provide.
You’re able to actually pull the product out of the screen, put it in your room with your phone just by scanning a QR code, you now have a 3D model in your room at home and if it fits, you’re buying it and then when it shows up, it fits because you’ve already measured and seen it and so like you said, returns go down by as much as 80 per cent and that saves a huge amount of money again for the seller.
So again, ROI, ROI, ROI.
TMO: On the business growth side, where are you seeing the immediate growth for Nextech and what does the company fit in with the e-commerce business trend over the next five years?
Gappelberg: Over the past five years, we’ve produced roughly a hundred thousand 3D models. As we go forward, we would expect to at least 10x that with the demand that’s out there and so we see an enormous amount of opportunity in this industry. Again, it’s early days, we’re just getting started with Amazon.
Amazon is the biggest player but they’re not the only player. We supply hundreds of other accounts across the globe, and we see really nothing but enthusiasm and blue-sky growth opportunities within the Amazon ecosystem but even outside the Amazon ecosystem. And so the whole world is going 3D.
I’ve been talking about this now for a number of years but it’s actually happening. It did take longer than anticipated. To be totally honest, I thought this was going to happen way sooner because sitting on the front lines, I saw the ROI, I saw the value, but it did take a long time for the industry to develop.
But we’re at the tipping point where we see just a massive growth opportunity, and Nextech is perfectly positioned because we’ve invested over the last five years in our technology and ultimately that’s driving this industry.
TMO: Is there anything else you’d like to share with the audience today?
Gappelberg: I would just say that when it comes to building new technology in new industries, timing is everything. It takes time before the technology gets widely accepted and adopted.
We’re at that time now. Whereas in the past I thought we were there, (but) we weren’t. But now we are, and we’re very, very excited about Amazon leaning in and speaking to the public about things that we’ve been talking (about) to Amazon, and they’ve been talking to us about in private.
So, I would say to our investors, stay tuned, the month of August is going to be quite pivotal for our business.
You can find Nextech3D.ai on the CSE under the symbol NTAR or head to its website at nextechar.com for more information.
Company shares were last trading at $0.10.
Join the discussion: Find out what everybody’s saying about this stock on the Nextech3D.ai Bullboard investor discussion forum, and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice.
scoobey-do
2 months ago
Nextech3D.ai Reports Preliminary 70% Gross Profit Margin in Q2, 2024 Revenue of $1.2 Million
TORONTO, ON, Canada – July 30, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a Certified 3D Model External Content Provider (ECP) for Amazon and a leading generative AI-powered 3D modeling technology company for major e-commerce entities, announces its preliminary unaudited financial and operating results for Q2 2024, ending June 30, 2024. These results indicate strong revenue growth of $1.2 million, up from $1 million in Q1 2024. The company is experiencing operational leverage, with a gross profit margin of 70% in Q2, compared to 50% in Q1 and 30% for the full year 2023. The company's strategic pivot to India in Q4 2023 and advancements in its AI technology are projected to boost its gross margin to 80% in 2024.
CEO Commentary
Nextech3D.AI CEO and founder Evan Gappelberg commented, "We are pleased with our Q2 preliminary results, especially our 70% gross margin, which marks a new high for our company. As a newly certified 3D modeling partner for Amazon, the largest e-commerce platform, we anticipate significant new business opportunities from this pivotal certification. Moving operations to India has positively impacted our production capacity and profits, with consistent profit margins of 70%, a 133% increase compared to our 30% margins in 2023."
He continued, "Our growth in 2024 is set to accelerate as we secure more enterprise deals and as Amazon promotes our 3D modeling services to their merchants. At the same time, we are developing crucial AI technology that will continue to drive our revenue and profits. We are witnessing a rapid convergence of AR and AI technology, which is beginning to drive the mass adoption of 3D modeling for e-commerce."
Amazon listings with 3D models have seen a 2X improvement in purchase conversion on average according to a 2022 report from Amazon themselves. This high ROI is driving more sellers to adopt 3D models and now as a 3D Model External Content Provider (ECP) for Amazon the company is strategically positioned in a significant growth opportunity.
Nextech’s patents in the 3D model generation from 2D and CAD images (2D to 3D, CAD to 3D) enables it to scale 3D model creation and now allows Amazon sellers to publish those 3D models to Amazon’s stores all through one platform and one team. As an Amazon 3D model External Content Provider (ECP), Nextech3D.ai is now offering its 3D modeling solutions to Amazon’s expansive marketplace that are currently selling products in Amazon stores.
Key Features of Nextech3D.ai’s 3D-Platform Offering:
• Seamless 3D Model Creation: Bring your 2D and CAD files to our platform, and Nextech3d.ai will build accurate 3D models at scale.
• AI-Driven 3D Texturing: Enhance 3D models with realistic textures using text prompt or from an Image and apply textures to your 3D models.
• 2D Photo Renders from 3D Models: Generate high-quality 2D images from 3D models for versatile use. Increased ROI from your 3D models, no more costly photoshoots.
• Compliance and Publishing: Provide your existing 3D models, and we ensure they meet Google standards and publish them to your Google product pages.
Nextech3D.ai is excited to bring these innovative solutions to e-commerce brands and Amazon sellers, helping them leverage the power of 3D and AR to enhance their product listings on Amazon.
scoobey-do
2 months ago
Nextech3D.ai Selected as Amazon 3D Model External Content Provider (ECP)
Company is Positioned for growth with its Patented High-Margin Generative AI Powered 3D Modeling Technology at scale and AI Photography Studio for ecommerce
TORONTO, ON, Canada – July 16th 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a leading generative AI-powered 3D modeling technology company for major e-commerce entities, proudly announces its certification as a Certified 3D Model External Content Provider (ECP) for Amazon. This prestigious designation underscores Nextech3D.AI’s exceptional technical proficiency and leadership in the realm of 3D platforms. Amazon listings with 3D models have seen a 2X improvement in purchase conversion on average according to a 2022 report from Amazon themselves. This high ROI is driving more sellers to adopt 3D models and now as a 3D Model External Content Provider (ECP) for Amazon the company is strategically positioned in a significant growth opportunity.
Evan Gappelberg, CEO of Nextech3D.AI, expressed his enthusiasm, stating, "Amazon stands as the cornerstone of e-commerce, and we are deeply honored and proud to serve as an Amazon 3D Model External Content Provider (ECP). By embracing 3D technology, Amazon continues to define the benchmark for the next generation of e-commerce experiences, and we are thrilled to contribute to this evolution."
He added, "Over the past five years, Nextech3D.AI has delivered nearly 100,000 3D models and millions of AR experiences to hundreds of customers. We remain steadfast in our commitment to lead the digital commerce evolution through our advanced 3D and AI modeling technologies."
Nextech’s patents in the 3D model generation from 2D and CAD images (2D to 3D, CAD to 3D) enables it to scale 3D model creation and now allows Amazon sellers to publish those 3D models to Amazon’s stores all through one platform and one team. As an Amazon 3D model External Content Provider (ECP), Nextech3D.ai is now offering its 3D modeling solutions to Amazon’s expansive marketplace that are currently selling products in Amazon stores.
Key Features of Nextech3D.ai’s 3D-Platform Offering:
• Seamless 3D Model Creation: Bring your 2D and CAD files to our platform, and Nextech3d.ai will build accurate 3D models at scale.
• AI-Driven 3D Texturing: Enhance 3D models with realistic textures using text prompt or from an Image and apply textures to your 3D models.
• 2D Photo Renders from 3D Models: Generate high-quality 2D images from 3D models for versatile use. Increased ROI from your 3D models, no more costly photoshoots.
• Compliance and Publishing: Provide your existing 3D models, and we ensure they meet Amazon's standards and publish them to your Amazon product pages.
Nextech3D.ai is excited to bring these innovative solutions to e-commerce brands and Amazon sellers, helping them leverage the power of 3D and AR to enhance their product listings on Amazon.
For sales contact: mady.wynsma@nextechar.com
Popular categories for 3D models in Amazon’s stores include: ? Home, ? Garden & Tools ? Home Decor ? Furniture ? Kitchen & Dining ? Bed & Bath, ? Garden & Outdoor ? Home Improvement ? Handbags
Monroe1
2 months ago
Check this out. I fully agree. Perhaps on one of the ProActive Video updates the moderator can ask him about the plunging share value that keeps plunging despite all his spin offs and improvements and contracts. Could be we are also on this receiving end:
DALLAS, TX - July 15, 2024 - Spectral AI, Inc. (Nasdaq: MDAI) (“Spectral AI” or the “Company”), an artificial intelligence (AI) company focused on medical diagnostics for faster and more accurate treatment decisions in wound care, today provided an update on its ongoing initiatives to expose what it believes is potential market manipulation of the Company’s common stock, primarily in the form of naked short selling.
As previously announced, in separate letters dated June 24, 2024, the Company – under the leadership of Erich Spangenberg, a member of the Board of Directors and Spectral AI’s largest shareholder – provided support to Nasdaq and the state securities authorities in Florida, Louisiana and Texas to bring to their attention this potential violation of Nasdaq rules and federal and state law.
In a follow up letter to Nasdaq dated July 15, 2024, Mr. Spangenberg once again calls on authorities to investigate the likely prevalence of naked short selling that is negatively impacting both MDAI shares and many other de-SPAC transaction companies.
Copies of the letters dated June 24, 2024 were filed by the Company via a Form 8-K that is available at www.sec.gov. A copy of the July 15, 2024 letter will be filed by the Company later today via a Form 8-K and will be available at www.sec.gov.
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ignatiusrielly35
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TommyBoyTrader9460
2 months ago
