VANCOUVER, British Columbia, Sept. 21, 2022 (GLOBE NEWSWIRE) — Nextech AR Solutions Corp. (OTCQB:NEXCF) (CSE:NTAR) (FSE:N29) is a Metaverse company, a technology and A leading provider of services. has received orders for 7,500 of his 3D models, over 50% of which have already been delivered, with the rest he expects to be delivered early in the fourth quarter of 2022.
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The company’s ARitize 3D uses artificial intelligence to transform existing 2D product images into high-quality 3D and augmented reality experiences. 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.
The company is uniquely positioned in the market to meet the rapidly growing global demand for 3D models, whose ARitize 3D and CAD to POLY technologies are projected to grow from $4.48, an elite is an end-to-end integrated solution for He will go from $1 billion in 2021 to $12.13 billion by 2028, a compound annual growth rate of 15.5%.
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%.
In addition to being the world’s largest prime e-commerce marketplace 3D model supplier, the company will continue to grow its recurring revenue base with a record number of new 3D modeling deals for e-commerce in 2022. I’m here. New contract wins and existing contract renewals and expansions are fueling the company’s rapid growth of his 3D models and augmented reality business in e-commerce and Web 3.0.
The stock is trading at $0.82. 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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The Investment Pitch media video describes the Nextech AR solution and a significant order of 7,500 3D models from a Canadian Business Journal blue-chip customer.
Source link The Investment Pitch media video describes the Nextech AR solution and a significant order of 7,500 3D models from a Canadian Business Journal blue-chip customer.