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Company Preparing for Re-Launch With a Pay For Use Monetization Model
TORONTO, ON / ACCESSWIRE / January 30, 2024 / Toggle3D.ai (the "Company") (CSE:TGGL)(OTCQB:TGGLF)(FSE:Q0C), the all in one 3D modeling solution harnessing the power of generative AI to convert CAD files, apply stunning 4K texturing, and seamlessly publish superior 4K 3D models, is excited to report a 75% jump in usage in Q4. The Toggle3D platform currently has 27,192 users, and 26,504 or 97% of the users are active and have logged in within the last 30 days. The Company is focused on monetizing these users in Q1 by implementing a $10/pay per use business model which the Company believes will be more aligned with the current use cases in the platform.
CEO Evan Gappelberg comments "I'm pleased to see Toggle usage rate jump 75% in Q4 and continue to see the usage jump in 2024. It's exciting that we have attracted such a diverse group of users in a short period which includes designers, architects, 3D modelers, prototyping and more. I believe Toggle can quickly become a daily destination platform as it is the easiest to use all-in-one platform for all 3D modeling needs."
The Company is also excited for the relaunch of Toggle3D with it's groundbreaking new features including Nextech3D.ai's in-house built AI-powered 3D model search engine. Toggle3D has users from all over the world including the United States, Canada, China, Australia, New Zealand, India, Brazil, Argentina, and more.
Watch a video of CEO Evan Gappelberg discuss Toggle3D.ai's anticipated relaunch and the AI powered search engine: click here to watch
Earlier this month, Nextech3D.ai unveiled the AI 3D model search engine. This breakthrough AI search engine integrates computer vision and artificial intelligence to refine and quicken the 3D modeling process. By leveraging this proprietary technology, Nextech3D.ai will streamline and accelerate its in-house 3D model production operations significantly. In addition, Nextech3D.ai will integrate the AI search engine within the Toggle3D platform in Q1, 2024. Through this integration Toggle3D will provide a rich feature set for product designers, 3D artists and architects to create 3D from 2D images. In addition to 3D files you will be able to leverage the Toggle3D platform with just a 2D image. The monetization model for this feature is going to be a pay-per-use model which is a huge value add for our customers. This business model should lead to revenue growth in 2024. The Company views this as a major advancement in 3D modeling and could set a new industry benchmark as an indispensable tool for 3D model factories, 3D artists, and more.
Watch a demo of the AI-Powered 3D model search engine tool: click here
Functioning through image analysis, the AI 3D model search engine navigates Nextech's extensive library database of hundreds of thousands of 3D product models, parts and components. The search engine presents a closely matching 3D model "mesh" to the original search image, greatly reducing the time and labor involved in creating 3D models. In a brief span, 3D artists can select from various search matches, taking advantage of the library's vast collection of pre-existing 3D models.
Watch a demo video of AI-powered 3D model texturing in the Toggle3D platform: click here
About Toggle3D.ai
Toggle3D.ai (CSE:TGGL)(OTCQB:TGGLF)(FSE:Q0C) is a groundbreaking SaaS solution that utilizes generative AI to convert CAD files, apply stunning 4K texturing, and enable seamless publishing of superior 4K 3D models, serving various industries within the $160 billion CGI market. With its Augmented Reality-based rapid prototyping web app, Toggle3D empowers designers, artists, marketers, and eCommerce owners to effortlessly convert, texture, customize, and publish high-quality 3D models and experiences, regardless of technical or 3D design expertise.
Toggle3D.ai Investor Relations
Visit the Toggle3D Investor Relations website and sign up for the investor mailing list to receive the latest news, press releases, investor presentations, CEO interviews, financial information and more.
Sign up for the investor mailing list - click here
NEXTECH3D.AI SIGNS NEW 3D MODELING CONTRACT WITH ENTERPRISE GIANT GLOBAL INDUSTRIAL COMPANY
TORONTO, O.N, Canada – January 30, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is pleased to announce it has signed a new 3D modeling contract with Global Industrial Company, a titan in the industrial and commercial equipment sector with over seven decades of market leadership. This new contract has significant growth potential, as Global Industrial is an industry leader with 1.7+ million products in 21 industrial and commercial categories including; building supplies, storage and shelving, work benches and shop desks and more.
The deal with Global Industrial Company not only underscores Nextech3D.ai's growing influence in the 3D modeling arena but also highlights the demand for 3D models in new industrial sectors. 3D models have the potential to transform product visualization beyond traditional Amazon e-commerce by extending its reach into the industrial and commercial categories industry.
Nextech3D.ai is at the forefront of the massive and growing 3D modeling industry, utilizing cutting-edge generative AI technology to create photo-realistic 4K 3D models that cater to the specific needs of major e-commerce companies. Nextech3D.ai will leverage its advanced AI technologies to produce high-quality, 4K resolution 3D models for Global Industrial. Due to a strong ROI on 3D models, the Company has been seeing a global growing demand for immersive and interactive 3D models.
New AI-Powered 3D Model Search Tool
Earlier this month, the Company announced it had gone live with its proprietary AI-Powered 3D model search engine. This advanced search engine integrates AI and computer vision technologies to refine and expedite the process of 3D modeling. Through the application of this unique technology, the Company is poised to enhance and quicken its internal 3D model creation workflow significantly. Furthermore, there are plans to market this search engine externally, potentially leading to substantial increases in revenue and profits.
The Company recently reported a 500% increase in 3D modeling productivity with the AI-powered 3D model search engine. This report was based upon research of Nextech3D.ai’s own internal usage of thousands of searches over several weeks. The 500% increase in productivity is due to an 80% reduction in time it takes to create a 3D model by using the 3D model search engine.
The search engine functions by analyzing an image presented by the user. Utilizing AI, it sifts through Nextech’s comprehensive in-house collection of countless 3D models and components, proposing models that closely resemble the input image. Within moments, 3D artists can select from a variety of models that match the image, allowing them to adjust an existing 3D model into a new, searchable creation. This ongoing generation of new 3D models fosters a positive feedback loop, adding considerable value to the platform. The Company views this innovation as a significant milestone in 3D modeling and anticipates releasing a general-purpose version aimed at setting a new standard in the industry.
NEXTECH3D.AI SIGNS NEW 3D MODELING CONTRACT
Nextech3D.ai announces company has terminated deal to sell stake in 3D Modeling business
NEXCF CEO Interview Discussing Termination of the Sale of Its 3D Modeling Business - Dated 1-29-2024
https: //www.youtube.com/watch?v=KnLHRKBwYw0
(Please eliminate the space after https:)
There is nothing in the PR to hide, so I wasn’t trying to hide it. It’s very obvious that CGI didn’t come through with the money.
I don’t sell because the stock is too cheap. There is no point. Hoping for a miracle. Either way, we are about to get severely diluted.
a) You got the email as a share holder from them as well and you could have copy and paste here like I did.
b) according to them, their other two divisions are doing very well. Getting new contacts…. Read and listen news.
is it possible that we could secure somehow financing through their other divisions? From other investors, parties?
c) When insiders own stocks of this company and their divisions,
Do you think they want to dilute all the way down to five cents?
e) if you think the stock is going to go to five cents why haven’t you sold yet?
Or why promote it is going down to five. Cents.?
Sold and Wants to buy cheaper? lol.
Really!
Note: I am a share holder. I am not recommending to buy, hold or sell the stock. Do your own proper DDs.
Sure it’s a possibility. And it would make sense if not for the fact that now we have a cash crunch. Where will we get cash now? Evan obviously couldn’t find it elsewhere before, which is why he did the CGI deal. He “kind of” admitted this in a recent podcast. If he does find investors it will likely be for .05 per share if we are lucky.
Nope, I’m not trading. I didn’t post a link to the PR for the simple reason that I saw it on Fidelity and it was not possible to copy and paste it for whatever reason.
Yes, technically we probably terminated the agreement with CGI because they didn’t fulfill their commitment, ie, they didn’t give us the money. That’s another way of saying that CGI backed out.
If you doubt this, just wait til you see what happens next.
Did you think, perhaps the company realized it was a bad deal for them to give away 51% of their business(as you mentioned previously)?
Is it a possibility?
This message proves you are flipper. If you’re not a flipper why didn’t you post original CEO message? Which will allow people make up their mind rather than reading your comments and personal opinion.
Entitled to your opinion.
However, don’t change sides too often.
I guess you want to buy cheaper now?, lol
I’m a shareholder, my friend. If you believe VCI didn’t bail out you are deluding yourself. Watch what comes next. Toxic financing. It’ll start at around .05 per share if we’re lucky. So $1 million will be 20 million shares. And it’ll get worse from there.
The problem is the lack of sales. The 3D model business is all I care about. Which is a good product. The rest of the stuff is fluff. The problem is that they can’t sell enough models to prevent insolvency. They are so close to break even, possibly, but we are about to either be diluted into oblivion or end up insolvent.
They spent too much money trying to do too many things at once. Should have gone all in on the 3D models and ditched the other nonsense.
You indicated your dissatisfaction of the sale on 12/25/23.
———-
“That was a big ouch, selling half our equity in the 3D model business for relative peanuts. The good thing is that hopefully the business grows by more than double what would otherwise would have happened. I think (hope) VCI will crack the whip and implement some form of an organized sales and marketing program. The revenue growth should be multiples of what it has been thus far.”
————
Now, you are saying VCI backed out?
Really?
You must have got following email from company as well yesterday.
Why not post accurate infos in stead of saying VCI backed out.
We are suppose to inform each other with right infos unless you are short seller or flipper.
Here is a copy of the email, please read it again.
————
NEXTECH3D.AI ANNOUNCES TERMINATION OF THE SALE OF ITS 3D MODELING BUSINESS
Toronto, ON – January 26, 2024 – Nextech3D.AI (the “Company”) (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS) announces today that Nextech3D.ai has made the decision to terminate its previously announced letter agreement (the "Agreement") with VCI Global Limited ("VCI"), pursuant to which VCI was granted the right to earn up to a 51% interest in the Company's proprietary artificial intelligence platform for 3D modeling and associated assets (the "Transaction"). The Company determined to terminate the Agreement as VCI has been unable to satisfy its conditions precedent to the completion of the Agreement in accordance with the mutually agreed timelines. The Company presently has no plans to sell its 3D modeling business; instead, it will persist in building its AI technology stack for scaling 3D modeling as well as owning, operating, and developing this business. The Company perceives substantial growth potential through Amazon and other large enterprise clients which the Company believes represent substantial growth opportunities.
LATEST NEXTECH3D.AI NEWS
Nextech3D.ai’s Breakthrough AI Powered Search Engine Able to Deliver a 500% Increase in Productivity
Nextech3D.ai’s Breakthrough AI Powered Search Engine Reports an 80% Increase In 3D Modeling Productivity
Nextech3D.AI Announces Six New 2024 3D Modeling Contracts & Renewals
Nextech3D.ai Launches AI Powered Search Engine To Scale The Production of 3D Models
Nextech3D.ai Holds Investor Livestream Today Providing 2023 Year in Review and 2024 Outlook
Agreed. Really no choice due to SEC regs etc. Although it would have been more accurate if he said that VCI backed out. I’m curious of the reason, which we’ll never know.
NEXCF is being transparent about the VCI Agreement, which is good, IMO.
Translation: VCI pulled the plug.
NEXTECH3D.AI ANNOUNCES TERMINATION OF THE SALE OF ITS 3D MODELING BUSINESS
Toronto, ON – January 26, 2024 – Nextech3D.AI (the “Company”) (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS) announces today that Nextech3D.ai has made the decision to terminate its previously announced letter agreement (the "Agreement") with VCI Global Limited ("VCI"), pursuant to which VCI was granted the right to earn up to a 51% interest in the Company's proprietary artificial intelligence platform for 3D modeling and associated assets (the "Transaction"). The Company determined to terminate the Agreement as VCI has been unable to satisfy its conditions precedent to the completion of the Agreement in accordance with the mutually agreed timelines. The Company presently has no plans to sell its 3D modeling business; instead, it will persist in building its AI technology stack for scaling 3D modeling as well as owning, operating, and developing this business. The Company perceives substantial growth potential through Amazon and other large enterprise clients which the Company believes represent substantial growth opportunities.
VCI bailed out on the financing.
NEXTECH3D.AI INVESTOR UPDATE
Stay informed on all things Nextech3D.ai with our weekly investor newsletter!
NEW PODCAST EPISODE
Earlier this week, Nextech3D.ai released a new episode of the Public Company CEO Experience Podcast, featuring 3x CEO Evan Gappelberg.
Listen to the new podcast now! https://www.buzzsprout.com/2184815/14353468
In this episode, Evan provides a progress report on Nextech's spin-out company, ARway.ai, as well as what the imminent launch of Apple Vision Pro will mean for the company going forward. As the Apple launch is only weeks away from the recording of this episode, Evan also provides additional detail around the ARway.ai patented augmented reality spatial computing platform, increased adoption rates across a growing customer portfolio, and how the company is well poised to be the leader in indoor wayfinding.
ABOUT THE PODCAST
“The Public Company CEO Experience Podcast” offers listeners an exclusive behind-the-scenes look into the dynamic life of a public company CEO with valuable insights, while also discussing trending topics and providing business updates on Nexech3D.ai, Toggle3D.ai, and ARway.ai.
From groundbreaking technological advancements to key industry updates, the podcast aims to foster a deeper understanding of the AR and AI technology landscape and its potential impact on various sectors.
Nextech3D.ai invites professionals, investors, and technology enthusiasts to tune in to "The Public Company CEO Experience Podcast" for an immersive journey into the world of public company leadership. With each episode, listeners will gain invaluable perspectives and knowledge, empowering them to make informed decisions and stay ahead of the curve.
To learn more please visit https://www.nextechar.com/investors/the-ceo-experience
The Easiest to Use Event Software: Map D
"At Map D, we redefine the standard for interactive event mapping software. Recognized for our simplicity and superb functionality, Map D stands as the go-to choice for event organizers seeking a user-friendly platform. Our software is designed to take the complexity out of event management, transforming it into a pleasant process for planners and attendees alike.
Map D’s intuitive design ensures that event organizers spend less time figuring out the nuances of software and more time focusing on the bigger picture: creating an engaging and successful event. This shift away from unnecessary complexity allows for a focus on what truly matters—delivering content, building relationships, and crafting experiences that leave a lasting impression...."
ARway in the NEWS - ARway partners with AI Safer to provide AR wayfinding technology to support engaging tourism attractions
XR TODAY, January 23, 2024:
Saudi Arabia to Boost Tourism Sector with AR Navigation Technology
ARway partners with AI Safer to provide AR wayfinding technology to support engaging tourism attractions
"Today, ARway.ai announced a partnership with AI Safer to enhance customer experiences for visitors to Saudi Arabian museums and tourist attractions. The region is undergoing Saudi Arabia’s “Vision 2030“, an initiative to boost its cultural and tourism sector. ARWay’s solution will help the region’s leaders achieve this goal by presenting an engaging and innovative approach to tourism and on-site customer experiences.
The innovative service from ARway.ai allows clients to create bespoke immersive wayfinding visuals that help visitors navigate spaces using phone cameras. Moreover, ARway’s solutions display information visuals that align to a location.
The Agency of Record for The Royal Institute of Traditional Arts in Saudi Arabia owns AI Safer and is set to start leveraging the technology for visitors by March 2024.
The “state of the art” navigation solution allows customers like AI Safer to create wayfinding visuals with a no-code platform easily..."
Nextech has a new 20.44 minute (non-video) broadcast on NEXCF's outlook going forward in 2024, if you are interested.
https: //publiccompanyceoexperience.buzzsprout.com/2184815/14353468-episode-6-arway-ai-update-on-apple-vision-pro-launch
NEXTECH3D.AI INVESTOR UPDATE - 1/19/2024
Stay informed on all things Nextech3D.ai with our weekly investor newsletter!
Nextech3D.ai’s Breakthrough AI Powered Search Engine Able to Deliver a 500% Increase in Productivity
Yesterday, Nextech3D.ai announced its recently launched AI 3D model search engine can deliver up to a 500% increase in the production of 3D models, which is a marked increase from its previously announced 80% increase in productivity. The Company plans on releasing its AI search engine to the public in Q1 2024 for general use and charging on a per use basis which could contribute significantly to the Company’s growth in 2024.
CEO Evan Gappelberg joined Steve Darling on Proactive Investors to discuss the news reporting a 500% in 3D modeling productivity:
https: //www.youtube.com/watch?v=TmWsakvW2Xw
AI Powered 3D Model Search Engine
Watch a video showcasing the AI-powered 3D model search engine technology! This groundbreaking AI search engine uses computer vision with AI and is designed to speed-up and scale-up operations for the 3D modeling process. The AI based search engine uses images to search Nextech’s internal library of 3D models and recommends a close match to the given image. This enables the Company to speed up the process of 3D model creation, thus increasing the number of 3D models the company can produce. The Company is continuing to develop patents around its proprietary technology while building and launching breakthrough AI for the mass scale of 3D models, which it sees as a significant growth market in 2024.
https: //www.youtube.com/watch?v=Cd9mYGTn180
Now if we just had some sales …
NEXTECH3D.AI’S BREAKTHROUGH AI POWERED SEARCH ENGINE ABLE TO DELIVER A 500% INCREASE IN PRODUCTIVITY
TORONTO, ON, Canada – January 18, 2024 - Nextech3D.ai (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), a Generative AI-Powered 3D model supplier for major e-commerce retailers announces its recently launched AI 3D model search engine can deliver up to a 500% increase in the production of 3D models, which is a marked increase from its previously announced 80% increase in productivity. The Company plans on releasing its AI search engine to the public in Q1 2024 for general use and charging on a per use basis which could contribute significantly to the Company’s growth in 2024.
CEO Evan Gappelberg recently joined Proactive Investors to discuss the 500% increase in productivity and breakthrough AI 3D model search engine - watch here
As previously mentioned, the Company plans on continuously providing reports on the AI and its ability to increase productivity and lower costs of 3D model production over time. As more searches are conducted and the tool is used more frequently, the AI learns and becomes progressively more productive.
In a recent press release, the Company initially reported an 80% increase in productivity. Upon further research based upon Nextech3D.ai’s own internal usage of thousands of searches over the last 2 weeks, the Company reports an updated 500% increase in 3D modeling productivity. The 500% increase in productivity is due to an 80% reduction in time it takes to create a 3D model by using the 3D model search engine. Instead of a 3D artist having to create an intricate or complex 3D model from scratch, they are able to find a similar 3D model quad or triangle mesh using the AI search engine, and then modify it as needed. This groundbreaking AI-driven search engine quickly locates comparable model meshes in Nextech's extensive library, which houses hundreds of thousands of 3D parts and meshes. Within mere seconds, a 3D artist can select from a variety of 3D matches, taking advantage of the library's existing collection of 3D models that share similar colors, textures, and shapes.
Watch a demo of the AI-Powered 3D model search engine tool - click here
Earlier this month, the Company announced it had gone live with its proprietary AI-Powered 3D model search engine. This cutting-edge AI search engine combines computer vision and artificial intelligence to enhance and expedite the 3D modeling process. By leveraging this proprietary technology, the Company aims to streamline and accelerate its in-house 3D model production operations significantly. In addition, it plans to sell its search engine to others, which could lead to significant revenue and profit growth.
The AI-based search engine operates by the user showing the search engine an image - the AI then goes to work searching through Nextech’s extensive internal library of hundreds of thousands of 3D product models and parts, and suggests a close match to the provided image. In just a few seconds the 3D artist is able to choose from multiple 3D models that closely match the image and fine tune the pre-built 3D model into a net new 3D model which creates another searchable new mesh. The constant creation of new 3D models creates a virtuous cycle and a tremendous amount of value for the platform. The Company sees this as a breakthrough in 3D modeling and is expecting to launch a general purpose version that can become the gold standard for the massive global $5.5 trillion dollar e-commerce market, which is pivoting to 3D models from flat 2D photos in Q1, 2024.
https: //mail.google.com/mail/u/0/?shva=1#inbox/FMfcgzGwJmHpfSHvfrBFDtsBLpWRjbjr
Apple's Vision Pro Release Driving Demand For ARway.ai's Spatial Computing Platform As it Signs New Deal with F3Geomatic
January 17 2024 - 10:00AM
TORONTO, ON, Canada -- January 17, 2024 -- InvestorsHub NewsWire -- ARway.ai (“ARway” or the “Company”) (CSE: ARWY), (OTC: ARWYF) (FSE: E65) is an AI powered Augmented Reality Experience platform with a disruptive no-code, no beacon spatial computing solution enabled by visual marker tracking with centimeter precision is seeing a uptick in demand in 2024 ahead of Apples Vision pro release slated for February 2nd 2024. The Company is pleased to announce a new developer deal with F3Geomatic Solutions, a distinguished geospatial modeling and mapping agency based in Cuervo, Texas. With ARway, F3 Geeomatic envisions providing seamless, accurate, and immersive tailored geospatial solutions for museums, trade shows, and local governments, creating unparalleled user experiences.
F3Geomatic has selected ARway as its partner due to its unmatched accuracy and seamless integration with the floor plans provided by their partner, Matterport. Unlike other solutions that proved inaccurate for wayfinding, ARway's technology demonstrated a significant reduction in dissonance between intended locations and mobile devices, especially in complex indoor environments.
Moreover, F3Geomatic appreciated ARway's user-friendly setup process, eliminating the need for expensive hardware and specialized technical skills. The decision to choose ARway was reinforced by the CEO's background in classified geopositioning systems projects for the US military, where ARway's tech stack emerged as the superior choice among competitors.
Anticipating widespread consumer adoption, the introduction of "Apple Vision Pro" is expected to catalyze a substantial transformation within the augmented reality and spatial computing industry. This monumental development opens up an exciting market opportunity for ARway, as the ARway app is proudly available in the new spatial computing Vision Pro app store.
ARway.ai, with its focus on indoor navigation and recent strides in AR glasses integration, is strategically aligned with the industry's overarching shift towards 3D/AR.
This deal follows a recent press release annoucning 3 new deals and increasing global demand ahead of the Apple Vision Pro release. Demand for ARway is accelerating from around the world for various use-cases and industries looking to leverage the Company’s groundbreaking augmented reality and spatial computing technology.
CEO Evan Gappelberg recently joined Proactive Investors to discuss the upcoming launch of the Apple Vision Pro and what that means for ARway - watch here
https: //www.youtube.com/watch?v=yagvPmtu7PA&t=2590s (Omit the space after https:)
ARway's commitment to delivering top-notch performance on iOS devices positions it as an integral part of the Apple ecosystem, promising a seamless integration experience for users. With the official announcement from Apple declaring the availability of Apple Vision Pro from Friday, February 2nd, at all U.S. Apple Store locations and online, ARway is poised to redefine the landscape of AR indoor navigation.
Sign up for Investor News at:
https: //www.arway.ai/investors-page?utm_campaign=arway-ir&utm_source=press-release&utm_medium=access-wire&utm_content=arway-pr-investors-overview
To learn more about ARway, please follow on Social Media: Twitter, YouTube, Instagram, LinkedIn, and Facebook, and visit our website: www.arway.ai
ARWAY.AI INVESTOR UPDATE
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FEATURED NEWS
ARway.ai Seeing Increase in Global Deals As Apple Vision Pro Launch Stokes Demand For Its Augmented Reality Navigation Platform
Earlier this week, ARway.ai announced the Company is seeing a increase in global demand for its AR platform in anticipation of the launch of Apple's Vision Pro February 2nd, 2024. ARway.ai currently has over 3800+ total accounts, with 4400+ maps created and 43+ pilots and trials. Demand for ARway is accelerating from around the world for various use-cases and industries looking to leverage the Company’s groundbreaking augmented reality and spatial computing technology.
CEO Evan Gappelberg joined Proactive Investors to discuss the news: watch the interview
https: //www.youtube.com/watch?v=OBZlvbbMtZg
(Please remove the space after https: to watch the video)
Another ARway video:
https: //www.youtube.com/watch?v=yagvPmtu7PA&t=2590s
NEXTECH3D.AI’S BREAKTHROUGH AI POWERED SEARCH ENGINE REPORTS AN 80% INCREASE IN 3D MODELING PRODUCTIVITY.
AI Search Enabling the Company to Scale Production of 3D Models
Join CEO Investor Livestream TODAY at 2pm ET
TORONTO, ON, Canada – January 11, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), an AI-3D model supplier for major e-commerce retailers announces its new breakthrough AI Powered 3D model search engine has increased the Company’s 3D modeling productivity by up to 80%. Nextech3D.ai believes its AI search engine for 3D models, which uses both images and text prompts for search, is a major technological breakthrough and could lead to significant revenue growth in 2024. The Company plans on releasing its AI search engine in Q1, 2024 for general use and charging on a per use basis.
Evan Gappelberg CEO of Nextech3D.ai commented, “With hundreds of millions of products being converted to 3D, this technology has major growth potential.” He continued, “We have been working on this breakthrough AI technology for over a year and quite frankly, I didn’t anticipate it being so powerful and productive so quickly. Being able to reduce the amount of time spent working on a 3D model by 80% is truly staggering! Currently we are happy to use this AI technology in house, however we expect to release it for general use soon, which I believe will be the launch of the first AI- powered 3D model search engine, which is a major milestone for our Company.”
Today’s early data release comes from Nextech3D.ai’s own internal usage based on 3000+ searches over the last week alone. The Company anticipates releasing a continuous report on productivity over time. As more searches are conducted and the tool is used more frequently, the AI learns and becomes progressively more productive.
Last week, the Company announced it had gone live with its proprietary AI-Powered 3D model search engine. This cutting-edge AI search engine combines computer vision and artificial intelligence to enhance and expedite the 3D modeling process. By leveraging this proprietary technology, the Company aims to streamline and accelerate its in-house 3D model production operations significantly. In addition, it plans to sell its search engine to others, which could lead to significant revenue and profit growth.
The AI-based search engine operates by utilizing images to sift through Nextech’s extensive internal library of hundreds of thousands of 3D product models and parts. It then suggests a close match to the provided image, effectively reducing the time and effort required for 3D model creation. In just a few seconds the 3D artist is able to choose from multiple 3D matches, leveraging its library of previously built 3D models. The Company sees this as a breakthrough in 3D modeling and is looking to launch a general purpose version that can become the gold standard.
In addition to the successful implementation of this technology, Nextech3D.ai is actively pursuing the development of patents to safeguard its proprietary advancements. Simultaneously, it is committed to ongoing research and development, aiming to introduce groundbreaking AI solutions tailored for the mass production of 3D models. The Company anticipates that the mass-scale adoption of AI in the 3D modeling space will contribute significantly to its growth in the market throughout the year 2024.
NEXTECH3D.AI INVESTOR LIVESTREAM
You're Invited!
Don't miss this event...be sure to join LIVE this Thursday January 11 at 11 am PT / 2 pm ET.
CEO Evan Gappelberg will discuss Nextech's new AI Powered 3D Model Search Engine, the launch of Apple’s AR glasses and what that means for ARway, and the re-launch of Toggle3D!
The Company invites individual and institutional investors, as well as advisors and analysts to attend the live, interactive online event. Guests are encouraged to join live and ask questions.
Northshore, I found the link:
https: //mail.google.com/mail/u/0/?shva=1#inbox/FMfcgzGwJcgmvlChHJKLgBtJDbGWqvrS
Have a great day.
Nextech3D.AI Expanding AI Patent Portfolio and Announces Six New 3D Modeling Contracts & Renewals, January 09 2024 - 10:00AM
TORONTO, O.N, Canada -- January 9, 2024 -- InvestorsHub NewsWire -- Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), an AI-3D model supplier for major e-commerce retailers announces an uptick in sales with a series of six 2024 contracts, renewals from: CB2 - a division of Crate and Barrel, Artika, renowned for its avant-garde lighting solutions, Raptor Tactical, a designer and manufacturer of modern tactical equipment for Military, Police and other Law enforcement units, William Wood Mirrors, EOD Gear supplies, providing Tactical Gear to EOD Techs and Commands, SWAT, City Grounds, and sees other growing sales opportunities in its 3D modeling pipeline. Nextech3D.ai anticipates continued momentum in 3D modeling demand to reinforce its position as a leader in the development and deployment of AI for in the 3D modeling industry for e-commerce. These contracts reflect a diverse range of industries, indicating the broad applicability and demand for Nextech3D.AI's services?. The Company is continuing to develop patents around its proprietary technology while building and launching breakthrough AI for the mass scale of 3D models, which it sees as a significant growth market in 2024.
CEO Evan Gappelberg commented, “As we start the new year, I am very optimistic about the trajectory of Nextech3D.ai. When we look at the diverse range of contracts, renewals, and the enthusiastic interest we're receiving it reaffirms our conviction as AI/AR and 3D industry leaders. I’m especially pleased with our AI engineers who’ve created value for our business, which is evident by the recent launch of our AI-powered 3D model search engine tool.” He continued, “We are actively building and launching new breakthrough AI for the mass scale of 3D models and continuing to apply for and develop new patents around our proprietary AI technology.”
CB2
CB2 have agreed on a six figure expansion contract for an additional 500 3D product models. Additionally, they are renewing their hosting agreement to continue hosting 2500+ 3D product models on their website that Nextech previously created for them. CB2 is a division of Crate and Barrel, a major modern furniture and home decor retailer. In total, CB & CB2 operate approx 110 U.S. locations and 24 brick-and-mortar locations across North America.
Artika
Artika, renowned for its avant-garde lighting solutions, has not only renewed their contract for more 3D models but also extended their hosting agreement with Nextech3D.ai.
Raptor Tactical
Renewing their commitment to Nextech3D.ai, Raptor Tactical has signed a renewal deal for more 3D models, showcasing the enduring partnership between the two companies. Raptor Tactical is a designer and manufacturer of modern tactical equipment for Military, Police and other Law enforcement units. A 3D product model can be explored on Raptor Tactical's website at https://raptortactical.com/mifak-modified-individual-first-aid-kit/.
William Wood Mirrors
William Wood Mirrors has chosen to renew their contract with Nextech3D.ai, signaling continued trust in the company's ability to deliver high-quality 3D models. William Wood has almost four decades of experience in designing and manufacturing mirrors, lighting, and occasional furniture.
EOD Gear
EOD Gear, a new customer in the Nextech3D.ai portfolio, has joined forces with the Company for cutting-edge 3D modeling solutions. EOD Gear supplies EOD and Tactical Gear to EOD Techs and Commands, SWAT and Individuals.
City Grounds
City Grounds, an existing partner of Nextech3D.ai, has renewed their hosting contract, further solidifying their commitment to the exceptional services provided by the 3D modeling experts. City Grounds offers a curated selection of high-quality merchandise tailored to the urban cycling lifestyle.
These customers are collaborations that showcase Nextech3D.ai's commitment to providing cutting-edge 3D modeling solutions to a diverse range of industries.
AI Powered 3D Model Search Engine
The Company's innovative approach is further highlighted by their recent launch of its in-house built AI-powered 3D model search engine, aimed at scaling the production of 3D models. This groundbreaking AI search engine uses computer vision with AI and is designed to speed-up and scale-up operations for the 3D modeling process. The AI based search engine uses images to search Nextech’s internal library of 3D models and recommends a close match to the given image. This enables the Company to speed up the process of 3D model creation, thus increasing the number of 3D models the company can produce. The Company is continuing to develop patents around its proprietary technology while building and launching breakthrough AI for the mass scale of 3D models, which it sees as a significant growth market in 2024.
Northshore, that quote was in the news, that shows up on ihub's board, the day I posted the quote. I posted it on ihub, just so we could go back to it, if we wanted to refer to it later. That news link is gone now, but I see there is a new news link today on the left side of Nextech's name. I will see if I can find the original news link later. I'm on vacation until Friday. Go NEXCF!
Scoobey, Where was this quote posted? Any link? Thanks
Eh, I’m still waiting for Amazon to go live. AR glasses ain’t doing anything for us anytime soon.
Apple Vision Pro available in the U.S. on February 2
The era of spatial computing is here — pre-orders begin Friday, January 19
Apple Vision Pro will be available beginning Friday, February 2, at all U.S. Apple Store locations and the U.S. Apple Store online.
CUPERTINO, CALIFORNIA Apple today announced Apple Vision Pro will be available beginning Friday, February 2, at all U.S. Apple Store locations and the U.S. Apple Store online. Vision Pro is a revolutionary spatial computer that transforms how people work, collaborate, connect, relive memories, and enjoy entertainment. Vision Pro seamlessly blends digital content with the physical world and unlocks powerful spatial experiences in visionOS, controlled by the most natural and intuitive inputs possible — a user’s eyes, hands, and voice. An all-new App Store provides users with access to more than 1 million compatible apps across iOS and iPadOS, as well as new experiences that take advantage of the unique capabilities of Vision Pro. Pre-orders for Apple Vision Pro begin Friday, January 19, at 5 a.m. PST.
“The era of spatial computing has arrived,” said Tim Cook, Apple’s CEO. “Apple Vision Pro is the most advanced consumer electronics device ever created. Its revolutionary and magical user interface will redefine how we connect, create, and explore.”
A Revolutionary Operating System and User Interface
Apple Vision Pro is powered by visionOS, which is built on the foundation of decades of engineering innovation in macOS, iOS, and iPadOS. visionOS delivers powerful spatial experiences, unlocking new opportunities at work and at home. Featuring a brand-new three-dimensional user interface and input system controlled entirely by a user’s eyes, hands, and voice, navigation feels magical. Intuitive gestures allow users to interact with apps by simply looking at them, tapping their fingers to select, flicking their wrist to scroll, or using a virtual keyboard or dictation to type. With Siri, users can quickly open or close apps, play media, and more.
Pause playback of video: visionOS on Apple Vision Pro
visionOS features a brand-new three-dimensional user interface controlled entirely by a user’s eyes, hands, and voice.
Users can also immerse themselves in Environments — dynamic, beautiful landscapes like Haleakala, Joshua Tree, and Yosemite national parks, and even the surface of the moon — to help them focus or reduce clutter in busy spaces. With Environments, a user’s world can grow beyond the dimensions of a physical room. With a twist of the Digital Crown, users can control how present or immersed they are in an environment.
Pause playback of video: Apple Vision Pro Digital Crown
With Environments, a user’s world can grow beyond the dimensions of a physical room, using the Digital Crown to control how present or immersed they are.
Extraordinary Experiences
Apple Vision Pro brings a new dimension to powerful, personal computing by changing the way users interact with their apps. The three-dimensional interface frees apps from the boundaries of a display so they can appear side by side at any scale, providing the ultimate workspace and creating an infinite canvas for multitasking and collaborating.
Since visionOS leverages existing developer frameworks, more than 1 million familiar apps across iOS and iPadOS are available on Apple Vision Pro and automatically work with the new input system. Vision Pro also has an all-new App Store where users can find apps that deliver spatial computing experiences unlike any other platform. Apps can be arranged anywhere and scaled to the perfect size, all while allowing the user to stay present in their space.
• An infinite canvas for productivity: With key productivity and collaboration apps like Fantastical, Freeform, JigSpace, apps from Microsoft 365, and Slack, Apple Vision Pro is an ideal productivity tool for everyday tasks. Apps can appear side by side at any scale for incredible multitasking, and with support for Magic Keyboard and Magic Trackpad, users can create the perfect workspace. With Mac Virtual Display, users can even bring the powerful capabilities of their Mac into Vision Pro, creating an enormous, private, and portable 4K display, ideal for pro workflows.
• The ultimate entertainment experience: Apple Vision Pro features ultra-high-resolution displays that deliver more pixels than a 4K TV for each eye, enabling users to watch movies and TV shows from Apple TV+, Disney+, Max, and other services on a screen that feels 100 feet wide with support for HDR content. Within the Apple TV app, users can access more than 150 3D titles with incredible depth wherever they are. Vision Pro also introduces Apple Immersive Video, a remarkable new entertainment format pioneered by Apple that puts users inside the action with 180-degree, three-dimensional 8K recordings captured with Spatial Audio. Users can also enjoy new interactive experiences like Encounter Dinosaurs.
• New gaming experiences: Players can access games on the App Store, including more than 250 titles on Apple Arcade. Hit games like NBA 2K24 Arcade Edition and Sonic Dream Team can be played on a screen as large as they want with incredible audio and support for popular game controllers. New spatial games, including Game Room, What the Golf?, and Super Fruit Ninja, take advantage of the powerful capabilities of Apple Vision Pro to transform the space around players, offering unique and engaging gameplay experiences.
Pause playback of video: App Store for Apple Vision Pro
An all-new App Store on Apple Vision Pro features more than 1 million apps, including new experiences that take advantage of the unique capabilities of Vision Pro.
Memories Brought to Life
Apple Vision Pro enables users to capture and relive their favorite memories in entirely new ways. Spatial photos and videos transport users back to a special moment in time, and Spatial Audio makes the experience incredibly immersive. When users are on the go, they can capture spatial video on their iPhone 15 Pro or iPhone 15 Pro Max and relive them on Vision Pro. Users can also view all their photos and videos at a life-size scale with brilliant color and spectacular detail, including Panoramas that expand and wrap around the user, making them feel like they are right where it was taken.
Pause playback of video: Apple Vision Pro Spatial Video
Spatial photos and videos transport users back to a special moment in time, and Spatial Audio makes the experience incredibly immersive.
FaceTime Becomes Spatial
FaceTime on Apple Vision Pro takes advantage of the space around the user so that everyone on a call appears life-size, while Spatial Audio makes it sound like each person’s voice comes from the location of their tile. If a user is wearing Vision Pro while on FaceTime, they appear as their Persona, while others joining from a Mac, iPad, or iPhone will appear in a tile.
Persona is an authentic spatial representation of an Apple Vision Pro user that enables others on a call to see their facial expressions and hand movements — all in real time.1 Using machine learning techniques, a Persona can be created in just minutes using Vision Pro. Personas also work in third-party videoconferencing apps including Zoom, Cisco Webex, and Microsoft Teams.
Pause playback of video: Persona on Apple Vision Pro
Persona is an authentic spatial representation of an Apple Vision Pro user that enables others on a call to see the user’s facial expressions and hand movements in real time.
Breakthrough Design
Apple Vision Pro builds on Apple innovation and experience designing high-performance products like Mac, iPhone, and wearables like Apple Watch, culminating in the most advanced personal electronics device ever. An astonishing amount of technology is packed into a beautiful, compact design that utilizes the most advanced materials possible to achieve ambitious goals for performance, mobility, and wearability.
Apple Vision Pro is designed as a modular system so users can personalize their fit. A singular piece of three-dimensionally formed, laminated glass gently curves around the user’s face and flows into the custom aluminum alloy frame. The Light Seal is made of a soft textile and comes in a range of shapes and sizes, flexing to conform to a user’s face for a precise fit. Flexible straps ensure audio remains close to the user’s ears, while the included Solo Knit Band and Dual Loop Band allow users to find the optimal fit for them. For those with vision correction needs, ZEISS Optical Inserts are available with a prescription or as readers that magnetically attach to Vision Pro, allowing users to take full advantage of the display’s incredible sharpness and clarity.2
A side profile showing the modular components of Apple Vision Pro.
Apple Vision Pro utilizes the most advanced materials possible in a beautiful, compact design.
Unrivaled Innovation
Apple Vision Pro is designed to deliver phenomenal compute performance in a compact wearable form factor. Featuring a breakthrough ultra-high-resolution display system built on top of Apple silicon, Vision Pro uses micro-OLED technology to pack 23 million pixels into two displays, each the size of a postage stamp, with wide color and high dynamic range. This technological breakthrough, combined with custom lenses that enable incredible sharpness and clarity, and advanced Spatial Audio, delivers jaw-dropping experiences.
Apple Vision Pro also features a high-performance eye tracking system that uses high-speed cameras and a ring of LEDs that project invisible light patterns onto the user’s eyes for responsive, intuitive input. And to help the user stay connected to the people around them, Apple designed a groundbreaking new feature called EyeSight. When a person approaches someone wearing Vision Pro, the device looks transparent — letting the user see them while also displaying the user’s eyes. When a user is immersed in an Environment or using an app, EyeSight gives visual cues to others about what the user is focused on.
The breakthrough display, advanced audio experiences, high-performance eye tracking system, and more are powered by Apple silicon in a unique dual-chip design. The M2 chip delivers powerful standalone performance, while the brand-new R1 chip processes input from 12 cameras, five sensors, and six microphones to ensure that content feels like it is appearing right in front of the user’s eyes.
Apple designed a groundbreaking new feature called EyeSight for Apple Vision Pro to help the user stay connected to the people around them, giving visual cues to others about what the user is focused on.
Privacy and Security at Its Core
Apple Vision Pro offers industry-leading privacy and security. Optic ID is a new authentication system that analyzes a user’s iris to unlock Vision Pro, autofill passwords, and complete payments with Apple Pay. Where a user looks stays private while navigating Vision Pro, and eye tracking information is not shared with Apple, third-party apps, or websites. EyeSight also includes a visual indicator that makes it clear to others when a user is capturing a spatial photo or video.
Accessibility in visionOS
As with all Apple products, powerful accessibility features have been built right into visionOS. Key accessibility features like VoiceOver, Zoom, Switch Control, Guided Access, and more have been reimagined for spatial computing. Users can interact with Apple Vision Pro entirely with their eyes, hands, or voice, or any combination that works best for them. They can select a preferred input method such as their eyes, finger, or wrist using Pointer Control, pause on an element of visionOS for a few seconds to simulate a tap using Dwell Control, or simply use voice commands for activities across Vision Pro using Voice Control. If input from both eyes is not an option, visionOS also allows eye tracking with one dominant eye.
Apple Vision Pro and the Environment
Apple Vision Pro is designed with the environment in mind, with 100 percent recycled rare earth elements in all magnets and 100 percent recycled tin soldering and gold plating in multiple printed circuit boards. The frame and battery enclosure contain 100 percent recycled aluminum, and the Light Seal and Solo Knit Band are each made with over 70 percent recycled yarn. Vision Pro meets Apple’s high standards for energy efficiency and is free of mercury, brominated flame retardants, PVC, and beryllium. The packaging is 100 percent fiber-based, bringing Apple closer to its goal of eliminating plastics in all packaging by 2025.
Today, Apple is carbon neutral for its global corporate operations, and by 2030, plans to be carbon neutral across the entire manufacturing supply chain and life cycle of every product.
Pricing and Availability
• Apple Vision Pro will be available starting at $3,499 (U.S.) with 256GB of storage. Pre-orders for Apple Vision Pro will begin on Friday, January 19, at 5 a.m. PST, with availability beginning Friday, February 2.
• Apple Vision Pro will be available at all U.S. Apple Store locations and the U.S. Apple Store online.
• ZEISS Optical Inserts — Readers will be available for $99 (U.S.), and ZEISS Optical Inserts — Prescription will be available for $149 (U.S.).
• Apple Vision Pro comes with a Solo Knit Band and Dual Loop Band — giving users two options for the fit that works best for them. Apple Vision Pro also includes a Light Seal, two Light Seal Cushions, an Apple Vision Pro Cover for the front of the device, Polishing Cloth, Battery, USB-C Charge Cable, and USB-C Power Adapter.
The long-awaited Apple AR glasses are here!
APPLE VISION PRO AVAILABLE IN THE U.S. ON FEBRUARY 2
ARway CEO Evan Gappelberg commented:
"The long-awaited Apple AR glasses are here! We have been waiting for this moment since 2019 and I’m extremely excited to announce that it’s finally arrived. I see this as an enormous opportunity for early investors to participate in the next big thing… augmented reality and spatial computing technology. ARway is purpose built for the Vision Pro Launch"
Apple Vision Pro will be available beginning Friday, February 2, at all U.S. Apple Store locations and the U.S. Apple Store online.
CUPERTINO, CALIFORNIA Apple today announced Apple Vision Pro will be available beginning Friday, February 2, at all U.S. Apple Store locations and the U.S. Apple Store online. Vision Pro is a revolutionary spatial computer that transforms how people work, collaborate, connect, relive memories, and enjoy entertainment. Vision Pro seamlessly blends digital content with the physical world and unlocks powerful spatial experiences in visionOS, controlled by the most natural and intuitive inputs possible — a user’s eyes, hands, and voice. An all-new App Store provides users with access to more than 1 million compatible apps across iOS and iPadOS, as well as new experiences that take advantage of the unique capabilities of Vision Pro. Pre-orders for Apple Vision Pro begin Friday, January 19, at 5 a.m. PST.
“The era of spatial computing has arrived,” said Tim Cook, Apple’s CEO. “Apple Vision Pro is the most advanced consumer electronics device ever created. Its revolutionary and magical user interface will redefine how we connect, create, and explore.
Nextech3D.ai Launches AI Powered Search Engine To Scale The Production of 3D Models
By Nextech3D.ai on Jan 4, 2024 7:45:00 AM
TORONTO, O.N, Canada – January 4 , 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), an AI-3D model supplier for major e-commerce retailers announces it has gone live with its proprietary AI-Powered 3D model search engine. This groundbreaking AI search engine uses computer vision with AI and is designed to speed-up and scale-up operations for the 3D modeling process. The AI based search engine uses images to search Nextech’s internal library of 3D models and recommends a close match to the given image. This enables the Company to speed up the process of 3D model creation, thus increasing the number of 3D models the company can produce. The Company is continuing to develop patents around its proprietary technology while building and launching breakthrough AI for the mass scale of 3D models, which it sees as a significant growth market in 2024.
As a leading 3D model supplier for e-commerce and AR, Nextech3D.ai recognizes the challenges faced by 3D artists and the time required in building intricate designs from scratch. To address these challenges the Company has built this innovative AI-powered search engine that instantly searches for similar model meshes within Nextech’s vast 3D model library of hundreds of thousands of 3D parts and meshes. In just a few seconds the 3D artist is able to choose from multiple 3D matches, leveraging its library of previously built 3D models with similar colours, textures and shapes. This breakthrough AI 3D model search engine was created in-house by the Company's team of AI engineers and scientists, showcasing the Company’s technical strength and expertise.
CEO of Nextech3D.ai Evan Gappelberg commented, "Our AI-powered Search engine represents a giant step forward in our Company's ability to scale production of 3D models. By combining our five years of technical expertise in the 3D modeling industry with our new cutting-edge AI capabilities, we're enabling our production capabilities to rapidly scale-up and move ahead in 2024. AI is allowing us to do things in terms of productivity that we just were not able to do previously, and I expect that to start showing up in the bottom line profitability of our 3D business starting in Q1, 2024."
Key features of the Mesh Search Tool include:
Advanced AI Algorithms: Nextech3D.ai integrates state-of-the-art AI algorithms to enable precise and rapid mesh searches, ensuring 3D artists can find the matches they need in seconds.
Intuitive User Interface: The user-friendly interface offers a seamless experience built directly into the Company’s platform, allowing 3D artists to search the vast 3D model library quickly and effortlessly.
Comprehensive Mesh Database: An extensive and continuously expanding database of hundreds of thousands of 3D parts and meshes. The mesh search tool covers a wide range of diverse products from various industries.
This new tool leverages cutting-edge artificial intelligence to enable 3D artists to effortlessly navigate and locate specific 3D meshes, streamlining workflows and saving valuable time while increasing productivity.
Evan Gappelberg has a new video out, where he explains Nextech3D AI's new search engine.
You can watch it here: https: //www.youtube.com/watch?v=PGE6tNxqDKc
Please remove the space after "https:" to watch the video.
They’ve got production covered. Now let’s see some actual sales.
Nextech3D.ai Launches AI Powered Search Engine To Scale The Production of 3D Models Nextech3D.ai
Thu, January 4, 2024 at 7:30 AM EST·4 min read
New AI Tool Leverages Nextech's Extensive 3D Model Library For Faster 3D Model Production
TORONTO, ON / ACCESSWIRE / January 4 , 2024 / Nextech3D.AI (OTCQX:NEXCF)(CSE:NTAR)(FSE:1SS), an AI-3D model supplier for major e-commerce retailers announces it has gone live with its proprietary AI-Powered 3D model search engine. This groundbreaking AI search engine uses computer vision with AI and is designed to speed-up and scale-up operations for the 3D modeling process. The AI based search engine uses images to search Nextech's internal library of 3D models and recommends a close match to the given image. This enables the Company to speed up the process of 3D model creation, thus increasing the number of 3D models the company can produce. The Company is continuing to develop patents around its proprietary technology while building and launching breakthrough AI for the mass scale of 3D models, which it sees as a significant growth market in 2024.
As a leading 3D model supplier for e-commerce and AR, Nextech3D.ai recognizes the challenges faced by 3D artists and the time required in building intricate designs from scratch. To address these challenges the Company has built this innovative AI-powered search engine that instantly searches for similar model meshes within Nextech's vast 3D model library of hundreds of thousands of 3D parts and meshes. In just a few seconds the 3D artist is able to choose from multiple 3D matches, leveraging its library of previously built 3D models with similar colours, textures and shapes. This breakthrough AI 3D model search engine was created in-house by the Company's team of AI engineers and scientists, showcasing the Company's technical strength and expertise.
CEO of Nextech3D.ai Evan Gappelberg commented, "Our AI-powered Search engine represents a giant step forward in our Company's ability to scale production of 3D models. By combining our five years of technical expertise in the 3D modeling industry with our new cutting-edge AI capabilities, we're enabling our production capabilities to rapidly scale-up and move ahead in 2024. AI is allowing us to do things in terms of productivity that we just were not able to do previously, and I expect that to start showing up in the bottom line profitability of our 3D business starting in Q1, 2024."
Key features of the Mesh Search Tool include:
Advanced AI Algorithms: Nextech3D.ai integrates state-of-the-art AI algorithms to enable precise and rapid mesh searches, ensuring 3D artists can find the matches they need in seconds.
Intuitive User Interface: The user-friendly interface offers a seamless experience built directly into the Company's platform, allowing 3D artists to search the vast 3D model library quickly and effortlessly.
Comprehensive Mesh Database: An extensive and continuously expanding database of hundreds of thousands of 3D parts and meshes. The mesh search tool covers a wide range of diverse products from various industries.
This new tool leverages cutting-edge artificial intelligence to enable 3D artists to effortlessly navigate and locate specific 3D meshes, streamlining workflows and saving valuable time while increasing productivity.
That was a big ouch, selling half our equity in the 3D model business for relative peanuts. The good thing is that hopefully the business grows by more than double what would otherwise would have happened. I think (hope) VCI will crack the whip and implement some form of an organized sales and marketing program. The revenue growth should be multiples of what it has been thus far.
this was in june 2023 VCI GLOBAL .. what say you all about what this company is doing? https://finance.yahoo.com/news/vci-global-further-expands-tech-123000719.html?fr=sycsrp_catchall
NEXTECH3D.AI INVESTOR LIVESTREAM
TOMORROW, don't miss this event! Be sure to join LIVE at 10 a.m PT / 1 p.m ET.
CEO Evan Gappelberg and a special guests will join Proactive for an investor livestream, providing a 2023 business review + outlook for 2024 for ARitize 3D, ARway, and Map D!
ARITIZE 3D
ARitize 3D utilizes its proprietary artificial intelligence (AI) to craft immersive 3D experiences at scale for e-commerce. The Company's primary focus lies in creating high-quality 3D WebAR photorealistic models for Amazon, P&G, Kohls and other major e-commerce retailers.
3D models allow customers to see products from every angle and position them in their own space prior to purchasing. It's an exciting, immersive shopping experience leading to 40% lower product returns, 93% higher click-through rate and up to a 250% increase in conversion rate.
ARWAY
ARway.ai (CSE: ARWY) (OTCQB: ARWYF) (FSE: E65) is a spatial computing platform powered by artificial intelligence (AI) providing an array of augmented reality (AR) experiences for indoor spaces. ARway's breakthrough no-code no-beacon IPNN allows for the easy creation of navigation, tours, information sharing, notifications, advertising and gamification.
On October 26, 2022, ARway.ai. was spun-out from its parent Company, Nextech3D.ai, who retained a control ownership in ARway.ai with 13 million shares, or a 49% stake.
Most recently, ARway announced the release of Version 2.7, marking a significant leap forward in its spatial mapping capabilities. This latest version introduces a new enhanced AI-powered process that automates the creation of 400,000 square feet 3D spatial maps from 2D floor plans, significantly improving ARway's platform performance for enterprises and developers.
MAP D
Map D is an end-to-end event tech management platform, providing interactive tradeshow floorplans, exhibitor management, registration & ticketing, sponsorship & booth sales, AR activations to drive event revenue, and a partner marketplace. The Map D platform already supports approximately 500+ events annually, with over 50,000 exhibitors and over 1 million+ attendees.
Most recently, Map D launched its “Boost Program” or AI digital ads, in its mobile app for trade show and event organizers. With the new in-app AI ad network being marketed to existing customers, the Company now has the potential to generate $10-$20mill in additional annual revenue with 80% margins up from the $1mill the platform currently generates.
Who is Victor Hoo?
Owns 45.96% of VCI Global Limited.
———
Victor Hoo (42 yo)
Mr. Voon Him Hoo, also known as Victor, serves as Director at I Synergy Group Limited from November 17, 2023. He was the Interim Chief Executive Officer of Impiana Hotels Berhad since February 27, 2023 until October 11, 2023 and has been its Executive Director since January 19, 2023. He served as a Non-Independent Non-Executive Director of Impiana Hotels Berhad since January 10, 2023 until January 19, 2023.
Mr. Hoo served as Chairman and Managing Director at Treasure Global Inc. until March 20, 2023. He serves as the Chairman and Chief Executive Officer of VCI Global Limited. Mr. Hoo is an investor, board member, venture capitalist with senior management experience and many years of cross continents experience that includes Asia, Australia, Europe, UK and US across diversified industries which encompasses IT, real estate, telecom, aerospace, security, defense, mining, HCM, fintech, blockchain, entertainment, hospitality and education. From 2013 to present Mr. Hoo has been the founder and executive chairman of V Capital Group (“VCG”), a business and technology consulting investment group.
The group currently advises a portfolio of more than 30 public listed clients. From 2015 to 2017 Mr. Hoo was the Executive Chairman and Director of the Pixie Group Limited, a consumer discretionary company listed on the Australian Stock Exchange. Mr. Hoo served as a Director at Zingmobile Group Limited since October 24, 2015 From 2013 to 2018 Mr. Hoo was the Chief Financial Officer, Chief Investor Relations Officer and Board member of Capital Investments Limited, an incubator fund manager.
Mr. Hoo has a BA from University of Queensland in International Relations and Japanese in 2002; Postgraduate in Law from the University of London in 2010 and an Oxford Blockchain Programme Certificate from Said Business School, Oxford University.
Note: Accuracy of this information can’t be guaranteed. Please, do your own DD.
Important news announcement,
From Yahoo Finance
——-
Nextech3D.ai Announces Investment and Partnership In Its 3D Modelling Business
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
TORONTO, ON / ACCESSWIRE / December 18, 2023 / Nextech3D.AI (the "Company") (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2) is pleased to announce that it has entered into a binding letter agreement (the "Agreement") with VCI Global Limited ("VCI"), pursuant to which VCI has been granted the right to earn up to a 51% interest in the Company's proprietary artificial intelligence platform for 3D modelling and associated assets (the "3D Modelling Business") over an approximate nine month term (the "Transaction").
Evan Gappelberg CEO of Nextech3D.ai commented, "I am excited to enter this partnership with VCI Global Limited, and welcome Victor Hoo who is making a substantial investment in Nextech3D.ai of up to CAD$12.75 million. This capital infusion will be instrumental in advancing our portfolio of businesses and furthering our commitment to the transformative potential of AI." He continued, "As we are now seeing a global surge of investor interest in AI, AR, and 3D, which we have been steadfastly investing in since 2018, this partnership positions us financially to not only enhance our technology but also to scale our operations in 2024. With this growth capital we are poised to continue navigating the evolving landscape of technology, unlock new growth opportunities, and solidify our position as industry leaders. I want to thank our dedicated team, investors, and partners for their continuous support on this exciting journey."
VCI may earn its interest in the 3D Modelling Business in tranches ("Tranches") by making cash payments to the Company as follows, subject to the terms of the Agreement:
Tranche
Payment (CDN$)
Percentage Interest (%)
Payment Date
1
$637,500
2.7
On or before 31 January 2024
2
$1,187,500
5.0
On or before 30 April 2024
3
$1,662,500
7.0
On or before 30 June 2024
4
$2,450,000
10.3
On or before 31 July 2024
5
$2,612,500
11.0
On or before 31 August 2024
6
$3,562,500
15
On or before 30 September 2024
Each Tranche is optional and shall be completed at the discretion of VCI. In connection with the Transaction, VCI has also agreed to purchase common shares of the Company in a concurrent private placement for aggregate gross proceeds of Cdn$637,500, upon terms to be determined (the "Private Placement").
In order to facilitate the Transaction, the Company will transfer its 3D Modelling Business into a new subsidiary, and VCI will earn its respective percentage interest in such subsidiary upon completion of each of the Tranches noted above. Also in connection with the Transaction, the Company has agreed to grant a non-exclusive limited license to VCI in order for VCI to solicit customers for the Company's technology in the Asia Pacific region.
The Transaction and Private Placement remain subject to various conditions, including the receipt of all applicable third party approvals, the approval of the Canadian Securities Exchange and NASDAQ (as applicable), and the satisfaction of other conditions precedent as set forth in the Letter Agreement.
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.
About Nextech3D.ai
The Company is a diversified augmented reality, AI 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, the Company spun out its spatial computing platform, "ARway.ai" as a stand alone public company. ARway.ai is disrupting the augmented reality wayfinding market with a no-code, no beacon spatial computing platform enabled by visual marker tracking. The Company retained 13 million shares in ARway and distributed 4 million shares to Nextech3D.AI shareholders. ARway.ai is currently listed on the Canadian Securities Exchange (CSE:ARWY), in USA on the OTCQB (OTCQB:ARWYF) and Internationally on the Frankfurt Stock Exchange (FSE:E65).
On June 14, 2023, the Company completed its second spinout of Toggle3D.ai, a groundbreaking SaaS solution that utilizes generative AI to convert CAD files, apply stunning 4K texturing, and enable seamless publishing of superior 4K 3D models. The Company retained 13 million shares in Toggle3D.ai and distributed 4 million shares to Nextech3D.AI shareholders. Toggle3D.ai is trading on the Canadian Securities Exchange (CSE:TGGL) and in the USA (OTCQB:TGGLF).
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
Julia Viola
investor.relations@nextechar.com
Nextech3D.ai
Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)
Disclaimer for Forward-Looking Information
This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts are forward-looking statements. Such forward-looking statements and forward-looking information specifically include, but are not limited to, statements that relate to the anticipated completion of the Transaction and Private Placement and the terms thereof, receipt of all applicable regulatory and third party consents in connection therewith, completion of one or more Tranches (all of which are optional and at the discretion of VCI), and satisfaction of all applicable conditions precedent set forth in the Agreement. There is no assurance that either the Transaction or the Private Placement will be completed upon terms as presently proposed or at all.
Statements contained in this release that are not historical facts are forward-looking statements that involve various risks and uncertainty affecting the business of the Company. Such statements can generally, but not always, be identified by words such as "expects", "plans", "anticipates", "intends", "estimates", "forecasts", "schedules", "prepares", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. All statements that describe the Company's plans relating to operations and potential strategic opportunities are forward-looking statements under applicable securities laws. These statements address future events and conditions and are reliant on assumptions made by the Company's management, and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. As a result of these risks and uncertainties, and the assumptions underlying the forward-looking information, actual results could materially differ from those currently projected, and there is no representation by the Company that the actual results realized in the future will be the same in whole or in part as those presented herein. The Company disclaims any intent or obligation to update forward-looking statements or information except as required by law. Readers are referred to the additional information regarding the Company's business contained in the Company's reports filed with the securities regulatory authorities in Canada. Although the Company has attempted to identify important factors that could cause actual actions, events, or results to differ materially from those described in forward-looking statements, there may be other factors that could cause actions, events or results not to be as anticipated, estimated or intended. For more information on the Company and the risks and challenges of its business, investors should review the Company's filings that are available at www.sedar.com.
The Company provides no assurance that forward-looking statements and information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements or information. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company does not undertake to update any for-ward looking statements, other than as required by law.
SOURCE: Nextech3D.ai
Max2121, you are reading way too much into my post. I didn't say anything about Amazon's balance sheet. I just posted Amazon's news release and thought a quarter of a billion dollars was a lot of money not to have to pay back. The news means that NEXCF has a customer that won't be going away any time soon, in my opinion.
?? He’s obviously long.
I am shocked you confuse two issues.
One of them is antitrust.
The other one is business development, pruductivity and enhancement .
The way you’re writing like Amazon is cash starved, and has a weak balance sheet.
None of them true.
Did you sell NEXCF too early?
Are you regretting selling your shares
trying find some reasons to convince yourself you made right decisions?
I get it. But Amazon has billions and billions in cash already. This $273 million won’t change anything.
"Nextech3D.ai is Leveraging its Relationship with Amazon to Bring Select Customers onto Seller Central." per a NEXCF news release dated 12-11-2023.
I assume, if Amazon no longer is required to repay Luxembourg $273 million in taxes, (per Amazon's news release dated 12/15/2023) Amazon will be able to use the $273 million on other Amazon improvements. Since Amazon is supposed to be NEXCF's largest customer, Amazon should have additional money to buy Nextech3D.ai's product or service.
Whatever Amazon uses, of the $273 million to buy NEXCF's product or service, should benefit NEXCF's shareholders. Am I wrong?
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nextech3D.ai is the engine accelerating the growth of the Metaverse. Using breakthrough AI, nextech3D.ai is able to quickly, easily, and affordably ARitize (transform) vast quantities and varieties of existing assets at scale making products, people and places ready for interactive 3D use, giving creators at every level all the essential tools they need to build out their digital AR vision in the Metaverse. Our platform agnostic tools allow brands, educators, students, manufacturers, creators, and technologists to create immersive, interactive and the most photo-realistic 3D assets and digital environments, compose AR experiences, and publish them omnichannel. With a full suite of end-to-end AR solutions in 3D Commerce, Education, Events, and Industrial Manufacturing, nextech3D.ai is in a unique position to meet the needs of the world’s biggest brands and all Metaverse contributors. |
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