Nextech AR Signs Multiple 3D Modeling Deals

Nextech AR Signs Multiple 3D Modeling Deals

Adoption of Nextech AR and 3D models accelerating as ecommerce leaders seek competitive edge in challenging economy TORONTO–(BUSINESS WIRE)–$NEXCF #3D—Nextech AR Solutions Corp. (“Nextech” or the “Company”) (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), a Metaverse Company and leading provider of augmented reality (“AR”) experience technologies and services is pleased to announce the closing of multiple new 3D modeling deals for ecommerce, providing the Company with a continuously growing base of ARR (annual recurring revenue) and MRR (monthly recurring revenue). The Company has been contracted to produce approximately another 400 3D models from these new deals, on top of the 1500 announced last week, showcasing the accelerating demand of Nextech’s state-of-the-art AI-powered ARitize 3D and ARitize CAD technologies. Nextech AR CEO commented, “I believe that 3D models are a must have in 2022 and beyond and that it will become increasingly difficult and eventually impossible to compete and do business online without 3D models when your competitors are adopting this technology. 3D technology gives ecommerce leaders a competitive edge during both a good and challenging economy such as now. What’s ultimately pushing ecommerce leaders to move toward 3D models is the bottom line impact of profitability or ROI.” He continues, “Due to a high ROI we’re seeing a rapid market adoption, which is evident through our consistent flow of ARitize 3D deal signings across various industries as reported here. We’re pleased to keep announcing deals because we keep signing deals! It is a very exciting and dynamic time at Nextech as 3D models and really all our Metaverse technology that we have spent the last four years building is being adopted. I believe that our current share price is not reflecting our potential.” The company believes that these 3D model orders are only test orders and that a significant…

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Source : Nextech AR Signs Multiple 3D Modeling Deals

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