InvestmentPitch Media Video Describes Nextech AR Solutions’ Record $6.7 Million 3D Model Purchase Order, NASDAQ 100 Tech Company, The Canadian Business Journal

VANCOUVER, British Columbia, Oct. 19, 2022 (GLOBE NEWSWIRE) — Nextech AR Solutions Corp. (OTCQB:NEXCF) (CSE:NTAR) (FSE:N29) is a Metaverse company and developer of augmented reality experience technology, A leading provider of guidance technology. and 3D modeling services received the largest purchase order ever.

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The $6.7 million order from NASDAQ 100 Technology Company is for 3D models to be delivered during calendar year 2023. New orders worth $7.4 million.

The company’s ARitize 3D uses artificial intelligence to transform existing 2D product images into high-quality 3D and augmented reality experiences. The company believes that its ARitize 3D and CAD to POLY technologies are a leading end-to-end integrated solution that is uniquely positioned in the market to meet the rapidly growing global demand for 3D models. I’m sure it is. With 3D models, customers can interact with products to rotate, rotate, scale, and see details effectively, resulting in a 93% increase in click-through rates and lower product photography costs. 90% reduction.

According to Shopify, 3D augmented reality product models have been proven to increase conversions by 94% and reduce returns by 40% online. For some product pages, 3D/AR models have increased conversion rates by up to 250%.

On October 13, the company released unaudited financials for the third quarter ending September 30. 3D model production he increased by 110% and 3D model revenue increased by 170%.

Shareholders recently approved a spin-out of the company’s ARway platform and related assets into a wholly-owned subsidiary. Four million shares of the new company will be distributed proportionally to his Nextech shareholders. The new company has received conditional approval to list on the Canadian Stock Exchange under the symbol ARWY and is expected to trade by the end of October.

ARway is a code-free spatial computing platform with an augmented reality indoor wayfinding solution for large multi-purpose venues activated with visual marker tracking. Users can access a venue map to navigate to any point of interest with step-by-step instructions and interact with rich augmented reality experiences and content. To activate ARway, the end user simply scans her QR code with her smartphone.

The stock is trading at $0.90. For more information, visit his website for the following companies: www.NextechAR.comInvestor Relations is handled by Lindsay Betts. [email protected].

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