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NEXTECH3D.AI ANNOUNCES DATE FOR FINANCIAL RESULTS AND WEBCAST FOR FOURTH QUARTER & FULL YEAR 2023
TORONTO, ON, Canada – April 26, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a patented 2D-3D Generative AI-Powered 3D model supplier (Patent #11,948,248) for Amazon, Miele, P&G, Kohls, Wesfarmers Group ``Bunnings” (Australia’s largest listed company) and other major e-commerce retailers will release its audited full year and fourth quarter 2023 financial results after markets close on Monday, April 29, 2024.
In February, the Company released the preliminary unaudited results showing strong annual revenue growth of +56% to $5 million compared to $3.2 million in 2022. Annual gross profit margin for 2024 is estimated at 30% with the Company's pivot to India in Q4, 2023. Thank you to all of our customers, employees, suppliers, shareholders and supporters who helped us achieve a great 2023.
Subsequently, Nextech will host a conference call to discuss the full year and fourth quarter 2023 results Monday, April 29, 2024 at 5:00 PM Eastern Time.
Please join Evan Gappelberg, Chief Executive Officer, and Andrew Chan, Chief Financial Officer, to discuss these financial and operating results followed by a question and answer period.
Preliminary Annual 2023 Financial Highlights
2023 Annual revenue growth of 56%
2023 Annual revenue of $5 million compared to $3.2 million in 2022
70,000 3D models created 12/32/2023.
Conference Call Details:
Title: Nextech3D.ai Full Year 2023 and Q4 2023 Financial Results
Call Date: Monday, April 29, 2024
Time: 05:00 PM (GMT-04:00) Eastern Time (US and Canada)
Participant Details:
North America Toll-Free: (888) 330-2024
North America Toll: (646) 960-0187
International Toll: +1(646) 960-0187
Conference ID: 7778367
Webcast Attendee URL: https://events.q4inc.com/attendee/810085104
For those unable to join the live event, a recording of the presentation will be posted on the Company's Investor Relations website.
Reminder, Nextech3D.AI said it would release its audited full year and fourth quarter 2023 financial results after market close on Monday, April 29, 2024. Subsequently, Nextech will host a conference call to discuss the full year and fourth quarter 2023 results Monday, April 29, 2024 at 5:00 PM Eastern Time.
CEO Evan Gappelberg Talks New 3D Digital Photography
IN CASE YOU MISSED IT: CEO INTERVIEW
CEO Evan Gappelberg joined Steve Darling from Proactive to unveil an exciting new addition to the company's offerings: Digital Photography and dynamic product visuals as part of its 3D model solutions. This enhancement means that every 3D model created by Nextech3D.ai will now be accompanied by stunning 2K, 4K, or even 8K photos, catering to the needs of its ecommerce customers.
https: //www.youtube.com/watch?v=Cn4hIa6cC8Y
Nucor Announces Appointment of Nicole B. Theophilus as Executive Vice President of Talent and Human Resources - April 18 2024
CHARLOTTE, N.C., April 18, 2024 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) announced today the appointment of Nicole B. Theophilus to the newly created position of Executive Vice President of Talent and Human Resources, effective April 29, 2024. In this role, Ms. Theophilus will focus on Nucor's enterprise talent development and human resources strategy.
Ms. Theophilus, 54, most recently served as Executive Vice President and Chief Human Resources Officer of Wabtec Corporation, a global provider of equipment, systems, digital solutions and services for the freight and transit rail sectors. Her previous leadership roles include serving as Chief Human Resources Officer of West Corporation and ConAgra Foods, Inc. Prior to joining ConAgra, she was a partner with the law firm of Blackwell Sanders Peper Martin, LLP (now known as Husch Blackwell).
"Niki is an accomplished leader who will be a strong addition to our executive team," said Leon Topalian, Nucor's Chair, President and Chief Executive Officer. "In keeping with our culture of taking care of our team, we created this executive-level position to better serve our teammates. We look forward to welcoming Niki to Nucor and working alongside her in advancing the important work already underway on the growth, retention and development of all Nucor teammates."
SeaStar Medical Reports 2023 Financial Results and Provides a Business Update April 17 2024 - 4:00PM
SeaStar Medical Holding Corporation (Nasdaq: ICU) (“SeaStar Medical” or the “Company”), a commercial-stage medical device company developing proprietary solutions to reduce the consequences of hyperinflammation on vital organs, reports financial results for the 12 months ended December 31, 2023 and provides a business update.
“It was exceptionally exciting to receive our first FDA approval for Quelimmune™, which is now available for treating critically ill pediatric patients suffering from acute kidney injury (AKI) and sepsis. We are proud to be the only company to develop and commercialize a therapeutic device that’s proven to save lives and decrease dialysis dependency in these extremely sick children,” said Eric Schlorff, SeaStar Medical CEO. “We are working closely with our distribution partner to commercialize Quelimmune Pediatric to leading U.S. children’s hospitals.
“In our NEUTRALIZE-AKI pivotal clinical trial, which is evaluating the safety and efficacy of our Selective Cytopheretic Device (SCD) in the significantly larger adult AKI patient population, enrollment now stands at 24 subjects and we have activated six clinical trial sites. Additional sites are advancing through the on-boarding process,” he added. “We anticipate conducting an interim analysis once we have reached the 90-day primary endpoint in 100 subjects, which we expect to occur in the second half of 2024.
“Lastly, I’m pleased that we have filed our Form 10-K for 2023, which includes restated 2022 financial statements,” said Mr. Schlorff. “The restatement primarily involved the accounting treatment of non-cash items and had minimal to no impact on our operating expenses, cash usage, cash position or future business potential. I would like to thank our finance team for their hard work in quickly completing this restatement.”
SeaStar Medical provides the following updates on its commercial and development programs, and corporate activities:
Pediatric Acute Kidney Injury
Only about half of patients in the pediatric ICU with AKI who require kidney replacement therapy (KRT) survive, with those surviving at risk of long-term life-threatening conditions such as chronic kidney disease. Pooled analysis from two non-controlled studies, one of which was funded by the FDA Office of Orphan Products Development, showed that children weighing 10 kilograms or more with AKI requiring continuous kidney replacement therapy (CKRT) who were treated with Quelimmune had no device-related serious adverse events or device-related infections, a 77% survival rate and no dialysis dependency at Day 60.
In February 2024 SeaStar Medical received its first U.S. regulatory approval for the SCD Pediatric (SCD-PED) device for children with AKI and sepsis or septic condition weighing 10 kilograms or more who are being treated in the ICU with KRT. The SCD-PED is the first product approval in the Company’s newly branded Quelimmune product family. Quelimmune was approved under a humanitarian device exemption (HDE) application, having met the applicable criteria with clinical results showing safety and probable clinical benefit to critically ill children with AKI who have few treatment options. The U.S. addressable population of about 4,000 pediatric patients falls within the 8,000-patient HDE criteria.
The Company is working to commercialize Quelimmune with its distribution partner Nuwellis, which has deep relationships with nephrologists and intensive care physicians trained in pediatric extracorporeal therapy. Pediatric patients undergoing treatment with Quelimmune are expected to require on average seven Quelimmune units, with the disposable device being changed once every 24 hours.
In March 2024 the Company sponsored an industry symposium titled “New Therapies in Pediatric Acute Kidney Injury” at the AKI & CRRT 2024 conference. The symposium featured key opinion leaders in nephrology and AKI, who are members of the Company’s Scientific Advisory Board.
Adult Acute Kidney Injury
SeaStar Medical is conducting the pivotal NEUTRALIZE-AKI (NEUTRophil and Monocyte DeActivation via SeLective CytopheretIc Device - a RandomiZEd Clinical Trial in Acute Kidney Injury) clinical trial to evaluate the safety and effectiveness of the SCD in adults with AKI in the ICU receiving CKRT. The SCD has received FDA Breakthrough Device Designation for adult AKI. This designation is awarded to a therapy to treat a serious or life-threatening condition with preliminary clinical evidence indicating it may demonstrate substantial improvement over available therapies on clinically significant endpoints.
The NEUTRALIZE-AKI trial is expected to enroll up to 200 patients at up to 30 U.S. medical centers. The trial’s primary endpoint is a composite of 90-day mortality or dialysis dependency of patients treated with SCD-ADULT in addition to CKRT as the standard of care, compared with the control group receiving only CKRT standard of care. Secondary endpoints include mortality at 28 days, ICU-free days in the first 28 days, major adverse kidney events at Day 90 and dialysis dependency at one year. The study will also include subgroup analyses to explore the effectiveness of SCD-ADULT therapy in AKI patients with sepsis and acute respiratory distress syndrome. A more complete description of the NEUTRALIZE-AKI trial design can be found in the journal Nephron.
The Company expects to receive regulatory approval for the SCD-ADULT in the second half of 2025 and to launch the product in the first half of 2026.
Additional SCD Indications
SeaStar Medical continues to explore the application of its SCD technology across a range of indications involving dysregulated immune processes where proinflammatory activated neutrophils and monocytes may contribute to disease progression or severity, in both acute and chronic indications.
In September 2023 the Company received Breakthrough Device Designation for the SCD for use in cardiorenal syndrome. This was only the ninth Breakthrough Device Designation granted by the FDA’s Center for Biologics Evaluation and Research (CBER) since the program’s inception in 2015. The Company plans to work in partnership with the University of Michigan to conduct additional clinical studies to gather further evidence to support FDA approval.
In October 2023 the Company received Breakthrough Device Designation for the SCD for use in hepatorenal syndrome. An ongoing pilot study in this indication at the University of Michigan is expected to provide valuable insight in the design and execution of a pivotal study.
In February 2024 the manuscript “New Opportunity for Targeting Systemic Inflammation in Patients with Heart Failure through Leukocyte Immunomodulation” Pitt, B., Iyer, S.P.N. and Humes, H.D. discussing the role of chronic dysregulated systemic inflammation in heart failure and the potential application of the SCD was published in the peer-reviewed European Journal of Heart Failure.
Corporate Developments
In January 2024 the Company appointed healthcare industry veteran David A. Green as Chief Financial Officer. Mr. Green brings to SeaStar Medical extensive financial experience at public medical device and therapeutics companies.
In January 2024 the Company announced a $9.0 million registered direct offering priced at-the-market.
In January 2024 a U.S. patent was granted with broad claims directed to methods of using the SCD to treat subjects with inflammatory conditions and to process activated leukocytes and platelets.
In February 2024 the Canadian Intellectual Property Office issued a patent with broad claims covering the SCD technology.
2023 Financial Results
Research and development (R&D) expenses for 2023 were $6.0 million, compared with $2.5 million for 2022, with the increase primarily driven by higher clinical trial and personnel expenses, partially offset by lower external services.
General and administrative (G&A) expenses for 2023 were $8.2 million, compared with $6.9 million for 2022, with the increase primarily due to higher insurance expense, higher costs associated with SEC reporting, increases in payroll-related expenses, higher legal and professional services fees, an increase in directors’ compensation expense and a legal settlement. The increase was partially offset by lower fees associated with an equity line of credit.
Other expense for 2023 was $12.0 million, compared with other expense of $0.6 million for 2022. The increase primarily resulted from an increase in interest expense, unrealized loss on convertible notes and loss on extinguishment of convertible notes, and a reduction in unrealized gains from declines in the fair value of derivative warrants liability. This was offset by a decline in the loss recognized in the change in fair value of the forward purchase agreement derivative liability and other income. The Company incurred a loss on changes in fair value of pre-merger convertible notes payable derivative liability in 2022, with no comparable liability in 2023.
The net loss for 2023 was $26.2 million, or $1.21 per share on 21.7 million weighted-average shares outstanding. This compared with a net loss for 2022 of $12.2 million, or $1.48 per share, on 8.2 million weighted-average shares outstanding.
The Company reported cash of $176,000 as of December 31, 2023, compared with $47,000 as of December 31, 2022. In January 2023 the Company announced a $9.0 million registered direct offering priced at-the-market.
About Hyperinflammation
Hyperinflammation is the overproduction or overactivity of inflammatory cells that can lead to damage of vital organs. It occurs when the body overproduces inflammatory effector cells and other molecules that can be toxic, damaging to vital organs and result in multi-organ failure and even death. This is known as the cytokine storm.
About The Selective Cytopheretic Device
The SCD is a patented cell-directed extracorporeal device that employs immunomodulating technology to selectively target proinflammatory neutrophils and monocytes during CKRT and reduces the hyperinflammatory milieu including the cytokine storm that causes inflammation, organ failure and possible death in critically ill patients. Unlike pathogen removal and other blood-purification tools, the SCD is integrated with CKRT hemofiltration systems to selectively target and transition proinflammatory monocytes to a reparative state and promote activated neutrophils to be less inflammatory. The SCD selectively targets the most highly activated proinflammatory neutrophils and monocytes. These cells are then returned back into the body through the blood, and the body is signaled to lower its inflammatory environment and focus on repair. This unique immunomodulation approach may promote long-term organ recovery and eliminate the need for future KRT, including dialysis. Quelimmune is the official brand name for the SCD Pediatric that has received FDA HDE approval based on safety and probable efficacy.
Arway.ai's CEO Evan Gappelberg has a new interview out, dated April 16, 2024
ARway.ai Chief Executive Officer Evan Gappelberg joined Steve Darling from Proactive to unveil an exciting development: George Mason University (GMU) has partnered with ARway.ai and is set to integrate the ARway platform into its campus infrastructure. As part of a visionary project slated for 2024, GMU will deploy ten spatial maps across its sprawling campus, revolutionizing campus navigation and enhancing the overall student experience.
https ://www.youtube.com/watch?v=8Y7SKwp_WuI
(Please remove the space found after "https" to watch the video)
It will be interesting to read and compare the 2023 Annual Report to the 2022 Annual Report.
I wish NexTech3D would add a section "Management Discussion and Analysis" to the end of the 2023 Annual Report. I have been told this is the most important section of an annual report.
Nextech3D.ai Announces Date For Financial Results and Webcast For Fourth Quarter & Full Year 2023
TORONTO, ON, Canada – April 12 , 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a patented 2D-3D Generative AI-Powered 3D model supplier (Patent #11,948,248) for Amazon, Miele, P&G, Kohls, Wesfarmers Group ``Bunnings” (Australia’s largest listed company) and other major e-commerce retailers will release its audited full year and fourth quarter 2023 financial results after markets close on Monday, April 29, 2024.
In February, the Company released the preliminary unaudited results showing strong annual revenue growth of +56% to $5 million compared to $3.2 million in 2022. Annual gross profit margin for 2024 is estimated at 30% with the Company's pivot to India in Q4, 2023. Thank you to all of our customers, employees, suppliers, shareholders and supporters who helped us achieve a great 2023.
Subsequently, Nextech will host a conference call to discuss the full year and fourth quarter 2023 results Monday, April 29, 2024 at 5:00 PM Eastern Time.
Please join Evan Gappelberg, Chief Executive Officer, and Andrew Chan, Chief Financial Officer, to discuss these financial and operating results followed by a question and answer period.
Preliminary Annual 2023 Financial Highlights
• 2023 Annual revenue growth of 56%
• 2023 Annual revenue of $5 million compared to $3.2 million in 2022
• 70,000 3D models created 12/31/2023.
Conference Call Details:
Title: Nextech3D.ai Full Year 2023 and Q4 2023 Financial Results
Call Date: Monday, April 29, 2024
Time: 05:00 PM (GMT-04:00) Eastern Time (US and Canada)
Participant Details:
North America Toll-Free: (888) 330-2024
North America Toll: (646) 960-0187
International Toll: +1(646) 960-0187
Conference ID: 7778367
Webcast Attendee URL: https://events.q4inc.com/attendee/810085104
For those unable to join the live event, a recording of the presentation will be posted on the Company's Investor Relations website.
Thanks for all you do on this board Ecomike. Mine are $0.50, good til cancelled, all or none. Good luck to all NEXCF long investors.
Does anyone on the board know when NexTech3D will be filing its quarterly SEC report? Last year, the Annual Report was filed on May 1, 2023. Do Canadian companies have different filing rules than USA companies?
When are the short sellers going to start covering (buying shares)their short sales?
Arway.ie announces multiple new deals as the company sees 200% developer growth.
New video out today:
https: //www.youtube.com/watch?v=KUbxQ4ZKGTo
NexTech3D AI Corp INVESTOR LIVESTREAM today
Nextech3D.ai will host a special livestream event on Proactive Investors with CEO Evan Gappelberg. Please join us for a demo of these features as the CEO will showcase the various revenue models the Company is able to generate through these enhancements.
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.
Date: Thursday April 4, 2024
Time: 2:00 p.m ET / 11:00 a.m PT
Guests: Evan Gappelberg (CEO & Founder of Nextech3D.ai
Link to Join: https: //www.youtube.com/watch?v=Xm7SExgFgos
Nextech3D.ai Releasing New 3D GPT-AI For Toggle3D.ai The “All-IN-ONE 3D Platform”
Launching Several Enhanced AI Productivity Tools
• Content Management of 3D models (3D Cloud)
• New EXPANDED Generative AI texturing library
• AI 3D Mesh Search Engine
• Join the CEO Livestreams TODAY April 4 Showcasing NEW AI Technology
TORONTO, ON, Canada – APRIL 4, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a patented 2D-3D Generative AI-Powered 3D model supplier (Patent #11,948,248) for Amazon, Miele, P&G, Kohls, Wesfarmers Group ``Bunnings” (Australia’s largest listed company) and other major e-commerce retailers is thrilled to integrate various AI capabilities from its technology stack into the Toggle platform boosting 3D modeling productivity. The Company’s distinctive AI mesh search algorithm is now fully installed, enabling 3D modelers to search for quad 3D meshes using just a 2D image. The new and improved Toggle platform allows for the purchase of the 3D mesh a la carte and then the customization of the 3D model's texture. This AI powered streamlined process empowers users to embark on their 3D journey with only a 2D image, leveraging the user-friendly AI tools available in the Toggle platform. Additionally, this new AI mesh search engine with a la carte buying of 3D meshes allows Nextech3D.ai to create an extra revenue stream by monetizing its extensive 3D mesh library.
Furthermore, Nextech3D.ai is expanding its texture library within Toggle3D to offer users an extensive selection of textures for customizing their 3D models. This enhancement positions the Toggle3D platform as a comprehensive ALL-IN-ONE solution for all 3D modeling needs across various applications.
Nextech3D.ai is continuously assessing its users' requirements, integrating additional features into the Toggle3D platform that generate additional revenue streams as well enhance users experience and productivity. Further details on the Company’s AI roadmap will be provided shortly.
NexTech3D AI Corp has a new video explaining the value of the patents NexTech has.
NEXTECH3D.AI ISSUED PIVOTAL AI PATENT FROM USPTO FOR GENERATING 3D MOELS FROM 2D IMAGES
Earlier today, the Company announced that U.S. Patent and Trademark Office (USPTO) has officially issued a patent for the Company’s technology to generate three-dimensional (3D) models from two-dimensional (2D) images: Patent #11,948,248.
CEO Evan Gappelberg joined Proactive Investors to discuss the news:
https: //www.youtube.com/watch?v=HKF_yAgfpTw
drugmanrx, what are the chances of Starz merging into SAPX?
It would be a straightforward way for Starz to become a listed company and the price is cheap.
NEXTECH3D.AI ISSUED PIVOTAL AI PATENT FROM USPTO FOR GENERATING 3D MODELS FROM 2D IMAGES
Join the CEO Evan Gappelberg as he Livestreams NEW AI Technology Thurs April 4
TORONTO, O.N, Canada – APRIL 3, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), a patented 2D-3D generative AI-powered 3D model supplier (Patent #11,948,248) for Amazon, Miele, P&G, Kohls, Wesfarmers Group “Bunnings” (Australia’s largest listed company) and other major e-commerce retailers is proud to announce that U.S. Patent and Trademark Office (USPTO) has officially issued a patent for the Company’s technology to generate three-dimensional (3D) models from two-dimensional (2D) images: Patent #11,948,248.
Nextech3D.ai CEO Evan Gappelberg commented, “We are extremely pleased that we have been awarded this patent by the USTPO, and we believe that it is a pivotal patent for our patent portfolio. We see this patent in the context of AI, and 2D to 3D model generation as the key patent for the 3D modeling industry which adds value to Nextech3D.ai and for our shareholders.” He continued, “ With this patent being recognized by the USPTO, we are now one of the technology leaders in the field of 2D photos to 3D models using AI. We will be promoting this new patent as it really gives us a competitive advantage and separates Nextech3D.ai from other companies that make 3D models. With this second AI patent issuance and seven additional patents filed, we continue to build a moat around our 3D model making for e-commerce business with BOTH industry expertise and intellectual property; which includes GPT AI powered 3D model generation. This second AI patent approval reinforces and validates Nextech3D.ai's commitment to increasing shareholder value by investing in 3D-AI GPT patents and solutions while simultaneously generating millions in annual 3D modeling revenue.”
USPTO web reference for the patent : THREE-DIMENSIONAL (3D) MODEL GENERATION FROM TWO-DIMENSIONAL (2D) IMAGES
Livestream Details
Nextech3D.ai will host a special livestream event on Proactive Investors with CEO Evan Gappelberg, who will discuss new AI tech updates.
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.
Date: Thursday April 4, 2024
Time: 2:00 p.m ET / 11:00 a.m PT
Guests: Evan Gappelberg (CEO & Founder of Nextech3D.ai)
Link to Join: https: //www.youtube.com/watch?v=Xm7SExgFgos
DD dempsey, thanks for posting your SAPX DD findings. I found the following info regarding Lionsgate Studios Atlanta:
Lionsgate Studios Atlanta will be an anchor for economic life and social vibrancy in the entertainment capital of the south. Located in Douglas County, the media campus design includes 11 purpose-built sound stages with production support, workshops, creative office space, a restaurant, and food hall. Lionsgate Studios Atlanta strives to be the commercial catalyst for a future master-planned development, complete with retail, hospitality, and office space.
Great Point Studios and developer Holder Properties engaged Gensler to lead the master planning, architecture, and placemaking for the monumental media complex. Together with these clients, Gensler identified the primary goal for the project: to create an enhanced and streamlined studio experience for the next generation of creative storytellers and entertainers. With Lionsgate Studios serving as the anchor tenant, the decision to build a new media studio complex represents the investment that the film and television industry has made in the state of Georgia.
Once complete, the studio complex will be a destination within the lively and dynamic live, work, play campus. In stark contrast to the isolated, walled fortresses of film studios past, Lionsgate Studios Atlanta ushers in a modern, inclusive approach to sound stage design that serves blueprint for future sound stages around the world.
https://www.gensler.com/projects/lionsgate-studios-atlanta
Found a little bit on Lionsgate on wikipedia.org!
On November 10, 2015, Malone's two other companies, Liberty Global and Discovery, Inc. (now Warner Bros. Discovery), made a joint investment of $195–400 million in Lionsgate and acquired a 3.4% stake in the company.[51][52][53][54][55] Then on June 30, 2016, Lionsgate agreed to acquire Starz Inc. for $4.4 billion in cash and stock.[56] As of December 2016, it became the parent company of Starz Inc.[57]
On November 12, 2015, Lionsgate created a partnership with Armenian American television producer Craig Piligian when the studio acquired more than 50% of his Pilgrim Studios company worth $200 million. Piligian retained his position as CEO of the company while Pilgrim will continue to operate independently under Piligian.[58][59][60] The deal made Lionsgate a major unscripted player.[58]
https://en.wikipedia.org/wiki/Lionsgate#:~:text=As%20of%20December%202016%2C%20it,Studios%20company%20worth%20%24200%20million.
Question - Is Lionsgate a private company? I tried to find its symbol without luck. Also, is the "studio" Lionsgate or a sub of Lionsgate?
NEXTECH3D.AI INVESTOR LIVESTREAM
You're Invited!
Don't miss this event...be sure to join LIVE this Thursday April 4 at 11 am PT / 2 pm ET.
Nextech3D.ai CEO and Founder Evan Gappelberg will provide an AI tech update and demo!
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.
NEXTECH3D.AI RECEIVES NOTICE FROM USPTO TO BE GRANTED PIVOTAL AI PATENT FOR GENERATING 3D MODELS FROM 2D IMAGES
TORONTO, O.N, Canada – March 26, 2023 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is excited to announce that U.S. Patent and Trademark Office (USPTO) has informed of their decision to issue a patent for its technology to generate three-dimensional (3D) models from two-dimensional (2D) images. This is another patent which the Company believes is pivotal to Nextech3D.ai’s artificial intelligence technology as it builds a moat around its 3D model making for ecommerce business with industry expertise and intellectual property; which includes its GPT AI powered 3D model generation. This patent approval reinforces and validates Nextech3D.ai's commitment to increasing shareholder value by investing in 3D-AI GPT patents and solutions while simultaneously generating millions in annual 3D modeling revenue.
USPTO has sent a letter to the Company stating that the patent will be issued on April 2, 2024. Web reference for the patent: THREE-DIMENSIONAL (3D) MODEL GENERATION FROM TWO-DIMENSIONAL (2D) IMAGES
Nextech3D.ai continues to expand its market share of the swiftly growing 3D model creation market. Across diverse industries, but especially within ecommerce there's a mounting need for 3D product models. As every user transitions from 2D interfaces on phones and computers to increasingly immersive 3D experiences, the demand for superior user engagement escalates. Nextech3D.ai’s technology enables effortless transformation of 2D images or content into 3D using user-friendly software tools. With the surging integration of AR and VR technologies in various sectors, the Company sees demand for 3D content and materials continuing to rise for the foreseeable future.
Previously, generating a 3D model entailed laborious processes and human involvement. Yet, with Nextech3D.ai's patented technology, users can swiftly convert a 2D image or CAD model into a fully textured 3D representation within minutes. This streamlined workflow not only enhances productivity but also slashes costs, granting Nextech3D.ai a distinct competitive edge in a large market.
Head of Product Operations at Nextech3D.ai, Hareesh Achi commented, ”I am thrilled to safeguard our intellectual property with these patents. It's a testament to our team of exceptionally talented AI engineers and 3D designers who continuously contribute to the development of our groundbreaking products. We are strategically positioned to capitalize on the ongoing evolution of 3D technology in the years ahead.
Nextech3D.ai innovations are streamlining all aspects of 3D for both businesses and customers. Our GPT tools empower users to enhance productivity and swiftly create 3D content.”
Previous Patents
In December 2023, Nextech3D.ai announced the grant of a patent by USPTO for 3D model generation from Computer Aided Design (CAD) data.
Link to the patent online at USPTO site: patent # 11823328
This patent enables Nextech3D.ai to increasingly capture a larger share of the rapidly growing 3D model creation business.
NexTech3D AI Corp's history on video. Very interesting.
https: //www.youtube.com/watch?v=9dLhHvo61RA
Nextech3D.ai secures key patent for generating 3D Models from 2D
images
Earlier today, the Company announced that U.S. Patent and Trademark Office
(USPTO) has informed of their decision to issue a patent for its technology to
generate three-dimensional (3D) models from two-dimensional (2D) images.
This is another patent which the Company believes is pivotal to Nextech3D.ai’s
artificial intelligence technology as it builds a moat around its 3D model making
for ecommerce business with industry expertise and intellectual property; which
includes its GPT AI powered 3D model generation.
CEO Evan Gappelberg joined Proactive Investors to discuss the news:
https: //www.youtube.com/watch?v=miHBTnswMSE
ARway.ai partners with Albanian retailer Megatek for augmented reality navigation pilot
New video out: (Please take out the space after https:)
https: //www.youtube.com/watch?v=xy97UwBPPtA
Fellow NEXCF investors, has anyone heard when NexTech3D ai will file their 10-K? I know U.S. companies are supposed to file them 90 days after year end, but I don't know the requirements for Canadian companies. TIA
ARway.ai Launches SaaS Student Subscription Plan for Augmented Reality Projects
A very interesting new video out by ARway.ai about their new student subscription plan. You can watch it here, if you eliminated the space after the https:
https: //www.youtube.com/watch?v=y_7pn6pGfpE
Max 2121, Excellent announcement. Evan is moving NexTech3D AI Corp ahead and keeps NEXCF's shareholders in his thoughts as he keeps building AI solutions. I like Evan's final thoughts:
Roily23, you asked why I follow/invest in NEXCF?
I’m not a scientific tech, so I don’t know about 2Ds and 3Ds and surely don’t know how AI works. I have watched all of Evan Gappelberg’s current videos, read his latest e-mails, and see that he keeps his investors up to date on what NexTech is doing. I have also read about Evan’s employment history.
I found Evan’s employment history and the companies he worked for very impressive. Evan keeps his investors informed about what NEXCF is doing weekly and allows his investors to share in the company’s gains.
I am an accountant and am waiting to see NexTech’s 2023 audited 10-K. I want to see the revenue increase over 2022 and the margin percentage increase, as you all are. I do use charts to keep track of the companies I follow. Everyone needs to do their own DD.
Does anyone know the timing of NEXCF's next 10-K filing?
THE NexTechAI / 3D MODELING UPDATE - VOLUME 2
Dear Valued Investor,
Following our previous email highlighting the transformative era ushered in by AI and 3D modeling in e-commerce, we delve deeper into Nextech3D.ai’s cutting-edge technology and why it represents a strategic investment opportunity, particularly at this juncture.
Revolutionizing E-commerce with Advanced AI
At Nextech3D.ai, we harness the latest in AI technology to generate ultra-realistic, 4K resolution 3D models that redefine online shopping. Our proprietary platform leverages machine learning algorithms to streamline the creation process, significantly reducing the time and cost associated with traditional 3D modeling. This efficiency enables us to swiftly scale and meet the increasing demand from e-commerce giants including Amazon, P&G, Kohls, Miele and others, ensuring we remain at the vanguard of this industry shift.
A Proven Track Record of Success
Our technology is not only revolutionary but proven. We have successfully integrated our models with major e-commerce platforms, delivering a seamless and enhanced customer experience. The results speak for themselves: clients using our 3D models have reported up to a 40% increase in conversion rates and a significant reduction in product returns. This directly translates to higher profits and customer satisfaction, reinforcing the value and impact of our technology.
Why Now is the Opportune Time to Invest
The surge in online shopping, accelerated by recent global events, has prompted a seismic shift in consumer expectations. Interactive and immersive experiences are no longer a luxury but a necessity. Nextech3D.ai is perfectly poised to meet this demand, offering an innovative solution that sets our partners apart from the competition.
Furthermore, the recent performance of our stock underscores a renewed market recognition of our potential reflecting investor confidence in our technology and its market applicability, our strategic positioning and long-term growth trajectory.
Nextech3D.ai also has a significant stake in the future potential of its 2 spin-out companies, ARway.ai and Toggle3D.ai.
Nextech3D.ai develops or acquires disruptive AI-technologies, which are subsequently spun out to shareholders as standalone public companies. This spin-out strategy allows Nextech3D.ai to issue stock dividends to its shareholders while maintaining significant ownership in the public spin-out, without dilution to the parent company Nextech3D.ai.
Notably, Nextech3D.ai successfully spun out ARway.ai, (OTCQB: ARWYF | CSE: ARWY | FSE:E65 ) as a standalone public company on October 26, 2022 at .25/share. The Company retains a 49% stake with 13 million shares in ARway.ai. ARway is a spatial computing platform powered by artificial intelligence (AI) providing an array of augmented reality (AR) experiences for indoor spaces. Currently trading at .55/share +120%
Similarly, Nextech3D.ai accomplished its second spin-out launching Toggle3D.ai, (OTCQB: TGGLF | CSE: TGGL | FSE: Q0C ) an AI-powered 3D design studio aimed at competing with Adobe. The Company retains 13 million shares in Toggle3D.ai Corp. Toggle3D.ai is a groundbreaking platform that utilizes generative AI to convert CAD files, apply stunning 4K texturing, and enable seamless publishing of superior 4K 3D models. Also, currently trading at .34/share.
A Timely Investment
By choosing to invest in Nextech3D.ai, you are not just investing in a company; you are investing in the future of e-commerce. Our technology is not only leading the current shift towards more immersive online experiences but also setting the stage for the next wave of digital innovation.
We invite you to be part of this exciting journey. As we continue to pioneer advancements and capture new market opportunities, your investment will not only fuel our continued growth but also position you at the forefront of a lucrative, evolving industry.
Evan Gappelberg's new interview regarding the new business unit targeting the Jewelry Industry:
NEXTECH3D.AI ESTABLISHES NEW BUSINESS UNIT LED BY FORMER META EXECUTIVE, TARGETING JEWELRY INDUSTRY WITH
Earlier today, Nextech3D.ai announced that it has established a new business unit to target the Jewelry Industry with 3D Models, Blockchain Technology, and NFTs.
This new business unit will focus on using the GPT AI CAD to 3D texturing platform of its spin-off Company, Toggle3D.ai (OTCQB: TGGLF/ CSE: TGGL). Toggle3D.ai’s technology can convert jewelry CAD files into lightweight, web-friendly 4K 3D quad meshes, then uses AI to texture the jewelry in yellow gold, white gold, or rose gold. After this is complete, the AI photography studio creates stunning lifestyle images before it is published onto the web. Toggle3D.ai intends to license this all-in-one GPT AI platform to global manufacturers, while Nextech3D.ai will be conducting the sales and marketing for this new business unit.
CEO Evan Gappelberg joined Proactive Investors to discuss the news:
https: //www.youtube.com/watch?v=hCeQqccfxVQ (Please remove the space after "https:}
Nextech3D.ai Establishes New Business Unit Targeting Jewelry Industry with GPT AI CAD-3D Models, Blockchain Technology, and NFTs
ORONTO, ON, Canada – March 5, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS),a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls, Miele and others including major e-commerce platform integrations with Shopify, BigCommerce and WooCommerce is pleased to announce that it has established a new business unit to target the Jewelry Industry with 3D Models, Blockchain Technology, and NFTs. The initiative will be led by former META & Microsoft Executive Hareesh Achi, who is Nextech3D.ai's current Head of Product Operations. This new business unit will focus on using the GPT AI CAD to 3D texturing platform of its spin-off Company, Toggle3D.ai (OTCQB: TGGLF/ CSE: TGGL). Toggle3D.ai’s technology can convert jewelry CAD files into lightweight, web-friendly 4K 3D quad meshes, then uses AI to texture the jewelry in yellow gold, white gold, or rose gold. After this is complete, the AI photography studio creates stunning lifestyle images before it is published onto the web. Toggle3D.ai intends to license this all-in-one GPT AI platform to global manufacturers, while Nextech3D.ai will be conducting the sales and marketing for this new business unit.
The Company's strategic move to license its GPT AI tech is set to remove the traditional barriers of price and volume that have long restricted the accessibility of high-quality 3D modeling technology for e-commerce and other industries. Nextech3D.ai has leveraged its groundbreaking GPT AI powered technology to dramatically slash the cost of 3D models from CAD files to $10 to $20 while producing the highest quality 4K quad mesh photo realistic models, enabling scalability while creating a new highly profitable business.
The Company recently announced the launch of the next era of GPT AI 3D product solutions of proprietary Artificial Intelligence (AI) algorithms which is the foundation of this new business unit which now is combining the power of blockchain technology and Non-Fungible Tokens (NFTs), opening new avenues for revenue and innovation across various sectors, within the jewelry industry. The Company is working at the integration of 3D modeling with blockchain technology and NFTs, focusing on its implications at first within the jewelry sector. This synergy can enhance authenticity, ownership, and engagement in a market increasingly influenced by digital natives driving value to the substantial Global Jewelry Market.
The Company is looking to capitalize on the intersection of GPT AI CAD-3D Models, Blockchain Technology, and NFTs in Jewlery
GPT AI CAD- 3D modeling technology allows designers to create intricate and customizable jewelry designs that can be viewed and modified in real-time, offering personalization and efficiency in production. This digital transformation not only streamlines the manufacturing process but also enables consumers to engage directly with the creation of their jewelry, enhancing the customer experience. Blockchain technology provides a secure and immutable ledger, ideal for certifying the authenticity and provenance of jewelry pieces. By recording the entire lifecycle of a jewelry item on the blockchain, from raw material sourcing through to the finished product, consumers can verify its authenticity and ethical sourcing, The NFTs represent a unique digital ownership certificate for an asset, stored on a blockchain. In the jewelry industry, NFTs can be used to authenticate ownership of both physical and digital jewelry pieces, offering a new level of exclusivity and personalization. For digital jewelry, NFTs open up avenues for consumers to express themselves in virtual spaces, including social media and virtual reality platforms, where digital assets are becoming increasingly valuable.
NFTs for Ownership and Exclusivity
Application and Benefits
Enhancing Customer Engagement and Loyalty
The integration of 3D models, blockchain, and NFTs enables jewelry brands to offer personalized and immersive shopping experiences. Customers can participate in the design process through 3D modeling, verify the authenticity and history of their purchases via blockchain, and gain exclusive ownership rights through NFTs. This level of engagement fosters a deeper connection between the brand and its customers, enhancing loyalty.
Opening New Markets: Digital and Physical Jewelry
The fusion of these technologies allows for the creation of both physical jewelry pieces and their digital counterparts. NFTs enable the sale and trade of digital jewelry in virtual environments, appealing to Generation Z's increasing presence in these spaces. Additionally, NFTs linked to physical jewelry pieces can enhance the value and desirability of the tangible product.
Addressing Counterfeiting and Promoting Sustainability
Blockchain's record-keeping capability significantly reduces the risk of counterfeiting, ensuring that customers receive genuine products. Furthermore, transparently tracking the sourcing and production process promotes ethical and sustainable practices in jewelry manufacturing, aligning with the values of Generation Z consumers.
Challenges and Considerations
While the potential benefits are significant, challenges such as technological complexity, privacy concerns, and the environmental impact of blockchain technology must be addressed. Education and awareness efforts are essential to facilitate adoption, while ongoing innovation and collaboration will be crucial to mitigate environmental concerns associated with blockchain technology.
The integration of 3D modeling, blockchain technology, and NFTs presents an opportunity for the jewelry industry, particularly in engaging with Generation Z consumers. By offering enhanced personalization, authenticity, and digital experiences, this technological synergy not only meets the unique demands of Generation Z but also sets a new standard for innovation in the luxury goods market. As the industry navigates this digital revolution, embracing these technologies can lead to sustainable growth and a deeper connection with the next generation of consumers.
3D modeling technology significantly enhances value in the jewelry industry through various avenues, particularly in terms of customization, visualization, and production efficiency. Here’s a detailed exploration of how 3D models add value:
Enhanced Customization and Personalization
3D modeling allows for high levels of customization and personalization that were previously difficult or impossible to achieve with traditional jewelry design methods. Customers can be directly involved in the design process, selecting materials, shapes, and styles to create a piece that is uniquely theirs. By offering personalized experiences, jewelry brands can significantly increase customer satisfaction and loyalty.
Improved Visualization and Consumer Confidence
With 3D models, customers can visualize jewelry pieces in exquisite detail before making a purchase, including viewing items from multiple angles and understanding intricate designs. This visualization capability is crucial for online shopping, where the inability to physically inspect products can be a barrier to purchase. By providing a realistic representation of jewelry pieces, 3D modeling technology enhances consumer confidence, reducing hesitation and potentially increasing conversion rates.
Streamlining Production and Reducing Costs
From a production standpoint, GTP AI-CAD 3D models streamline the manufacturing process, allowing for rapid prototyping and adjustments without the need for expensive and time-consuming physical samples. This efficiency not only reduces production costs but also accelerates the time-to-market for new designs. Furthermore, the precision of 3D modeling minimizes errors in the production process, resulting in higher quality products and less waste.
Facilitating Omnichannel Experiences
3D models are pivotal in creating seamless omnichannel shopping experiences. They can be integrated into various platforms, from online stores and social media to augmented reality (AR) applications, allowing customers to interact with jewelry pieces in innovative ways. For example, AR apps can enable consumers to virtually "try on" jewelry, enhancing engagement and interactivity across digital channels creating fluid, interactive shopping experiences across all touchpoints.
The Company believes that 3D modeling technology adds significant value to the jewelry industry by enhancing customization and personalization, improving visualization and consumer confidence, streamlining production processes, facilitating omnichannel experiences, and supporting sustainability efforts. As the industry seeks to attract and retain consumers, leveraging 3D models offers a compelling way to meet their expectations for innovation, quality, and ethical consumerism.
NFT’s and 3D Models Can Work together to generate revenue;
The combination of 3D modeling and Non-Fungible Tokens (NFTs) presents a novel and exciting opportunity to create and enhance value in the jewelry industry. This synergy not only appeals to traditional aspects of value such as uniqueness and ownership but also aligns with modern consumer trends, especially among digital-savvy generations like Generation Z. Here's how 3D models and NFTs can work together to create value in the jewelry sector:
Digital Ownership and Authenticity
NFTs serve as digital certificates of ownership and authenticity for unique items, stored securely on a blockchain. When applied to 3D modeled jewelry pieces, NFTs can verify the ownership and originality of both physical and digital jewelry items. This digital authentication process adds immense value by ensuring the item's provenance, a critical factor in the luxury goods market where the authenticity and history of an item significantly influence its value.
Exclusive and Customizable Digital Jewelry
3D modeling allows designers to create intricate, customizable jewelry designs that can be minted as NFTs. This opens up a market for exclusive digital jewelry that can be collected, worn in virtual environments, or used as avatars on social media platforms and in virtual worlds. For Generation Z, who spend considerable time in digital spaces, owning unique digital assets is a form of self-expression and status. This exclusivity and customization potential make digital jewelry an attractive investment and fashion statement.
Bridging Physical and Digital Worlds
The integration of 3D models with NFTs enables a seamless connection between physical jewelry pieces and their digital counterparts. Purchasing a physical jewelry item could also grant the buyer ownership of a digital twin represented by an NFT, which can be used or displayed in virtual spaces. This dual ownership model adds value by offering a comprehensive experience that spans both the physical and digital realms, catering to the modern consumer’s lifestyle that increasingly blends the two.
Enhancing Customer Experience and Engagement
The use of 3D models and NFTs in the jewelry industry can significantly enhance customer engagement by offering an interactive and immersive buying experience. Customers can participate in the creation of their jewelry through 3D modeling interfaces, making personalized adjustments before finalizing their purchase. The final piece can then be minted as an NFT, providing a new layer of engagement through digital ownership and potential participation in virtual economies. This personalized and interactive process enhances the customer experience, fostering a deeper emotional connection with the brand.
New Revenue Streams and Marketplaces
NFTs enable the creation of new revenue streams and marketplaces for jewelry designers and brands. Digital jewelry pieces can be traded on NFT marketplaces, opening up global markets and attracting new demographics interested in digital fashion and collectibles. Additionally, brands can leverage NFTs to offer limited edition releases, pre-orders, or special collections, creating hype and exclusivity around their products. This not only generates direct revenue but also enhances brand visibility and engagement in digital spaces.
Sustainability and Ethical Consumption
Digital jewelry represented by NFTs offers an eco-friendly alternative to traditional jewelry, which often involves resource-intensive production processes. By creating value in digital items, the industry can cater to ethically conscious consumers, including Generation Z, who prioritize sustainability. Digital collectibles reduce the need for physical materials and the environmental impact associated with mining and manufacturing, aligning with the growing demand for responsible and sustainable consumption practices.
The Company believes that the integration of 3D models and NFTs in the jewelry industry represents a timely forward-thinking approach to creating value, blending traditional craftsmanship with digital innovation. By offering authenticated ownership, exclusive digital collectibles, enhanced customer engagement, and new revenue opportunities, this synergy caters to the evolving preferences of modern consumers. As the digital and physical realms continue to converge, leveraging 3D modeling and NFTs will be crucial for the jewelry industry to stay relevant and thrive in the digital age
Further, the synergy between 3D models and blockchain technology creates value by enhancing authenticity, facilitating secure transactions, protecting intellectual property, streamlining supply chains, and offering customization opportunities. This integration represents a significant step forward in digital innovation, opening up new possibilities for creators, consumers, and industries at large. As these technologies continue to evolve, their combined potential to transform traditional business models and marketplaces will only increase, paving the way for a more secure, efficient, and innovative future which the Company intends to participate in.
NexTech3D.AI recorded an awesome day. Thanks, Evan Gappelberg and your NexTech team!
THE NexTech - AI / 3D MODELING UPDATE - VOLUME 1
Dear Valued Investor,
We are at the dawn of a new revolution in e-commerce, driven by advancements in AI and 3D modeling technology. This transformative shift is not just a trend; it is redefining the online shopping experience, aligning perfectly with the digital transformation sweeping across industries globally.
Why AI and 3D Modeling, and Why Now?
The e-commerce landscape is evolving rapidly, with consumers demanding more interactive and engaging shopping experiences. This is where AI and 3D modeling technology come into play, offering a dynamic, immersive, and personalized shopping journey. The shift from 2D to 3D modeling for e-commerce is a major multi-decade transformation that is being led by AI. This transformation is evident as major brands and companies are incorporating 3D models and AR shopping, including Amazon, Walmart, CB2, IKEA, Sephora, Target and more.
Amazon (AMZN - Worth $2 Trillion) Amazon is leading this shift, transitioning from traditional 2D images to 3D models for all their products, setting a new standard in online retail. Nextech3D.ai is proud to be a preferred 3D model supplier for Amazon, already creating thousands of 3D models per month and scaling up.
The Power of 3D Models in E-Commerce
3D models in e-commerce are not just visually appealing; they are revolutionary. They enable customers to visualize products in high detail from every angle, significantly enhancing decision-making confidence. This shift leads to higher conversion rates, as customers are more likely to purchase when they can thoroughly explore a product. Moreover, 3D visualization reduces returns, as buyers have a clearer expectation of what they are purchasing, thus saving costs and improving customer satisfaction. Additionally, interactive 3D models increase customer engagement, keeping them on your site longer, which directly correlates with increased sales.
A Timely Investment Opportunity
The timing for investing in AI and 3D modeling technology could not be more opportune. As online shopping continues to grow, the demand for more immersive and interactive experiences is skyrocketing. Businesses adopting 3D models are setting new benchmarks for customer engagement and satisfaction. By investing in Nextech3D.ai, you are not merely keeping pace; you are positioning yourself at the forefront of an e-commerce revolution.
Why Nextech3D.ai?
Nextech3D.ai stands at the forefront of this mega-trend, leading the massive shift from static 2D images to immersive 3D experiences. Our AI-powered 3D modeling technology creates photo-realistic 4K 3D models that cater to major e-commerce platforms like Amazon. With years of expertise and a portfolio of high-profile clients including Amazon, P&G, Kohls, Miele and others - Nextech3D.ai is transforming online shopping into an interactive adventure.
Stay Tuned
In our next email, we will dive deeper into Nextech3D.ai’s pioneering technology and how our solutions are driving the future of e-commerce. Learn why Nextech3D.ai is not just riding the wave of this mega-trend but is actively shaping the future of online retail.
NEXTECH3D.AI EXPANDS AI TECH TEAM AND DOUBLES OFFICE SPACE AS DEMAND INCREASES FOR GPT AI PLATFORM AND 3D MODEL PRODUCTION IN HYDERABAD, INDIA
Company is Negotiating Major Licensing Deals For its GPT AI 3D Modeling Technology
TORONTO, ON, Canada – February 22, 2024 - Nextech3D.ai (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), a Generative GPT AI-Powered 3D model supplier for Amazon, P&G, Kohls, Miele and others including major e-commerce platform integrations with Shopify, BigCommerce and WooCommerce is pleased to announce the expansion of its AI tech team by doubling its office space in Hyderabad, India, to accommodate its expanding team. The Company is also in negotiations for a major license of its GPT AI 3D modeling CAD to 3D and texturing technology. Nextech3D.ai will continue to supply 3D models to the largest brands and .platforms as it gears up increasing revenue and profit margins by signing licensing deals with global manufactures that have CAD files.
3D GPT AI Licensing Technology
The Company's strategic move to license its GPT AI tech is set to remove the traditional barriers of price and volume that have long restricted the accessibility of high-quality 3D modeling technology for e-commerce and other industries. Nextech3D.ai has leveraged its groundbreaking GPT AI powered technology to dramatically slash the cost of 3D models from CAD files to $10 to 20 while producing the highest quality 4K quad mesh photo realistic models, enabling scalability while being highly profitable.
Evan Gappelberg, CEO of Nextech3D.ai commented, “Our GPT AI technology has the potential to open the floodgates for 3D model adoption in this new AI era. We are negotiating with a number of large manufacturers which produce hundreds of thousands of products annually that want to go 3D but can’t afford the traditional cost of $75 to $150/model. We believe that with our new groundbreaking technology enabling breakthrough pricing and scale, that we will land many of these large contracts since the previous friction point has been price and scale.” He continued, “AI is transforming our world and how we think about 3D modeling and the AI that powers the production of 3D models for e-commerce.”
Nextech3D.ai’s spin-out company, “Toggle3D.ai” offers users an intuitive point-and-click interface that revolutionizes the creation of 3D models. By merely importing a CAD file, companies, brands and users can effortlessly use Toggle3D’s user-friendly platform to generate 3D models, apply AI-driven texturing, utilize a virtual photography studio, and much more. This platform is especially transformative for the realm of e-commerce, where the virtual photography studio eliminates the need for physical product photography, saving large brands millions of dollars.
A key aspect of this strategic shift is the licensing of Nextech3D.ai’s technology to major manufacturers, enabling their own employees to create high quality, 4K resolution 3D product models without requiring specialized skills in 3D modeling. This is game changing as it empowers businesses to harness the full potential of 3D modeling internally, while reducing the 3D model production cost by as much as 80%.
Toggle3D.ai is currently in advanced discussions with a large manufacturer for a contract valued in the seven figures. This not only exemplifies the market’s enthusiasm for 3D models, but also signifies the platform’s potential to redefine how businesses approach shopping experiences and 3D models for e-commerce.
India Office
Initially announced in September, 2023, Nextech3D.ai moved operations to Hyderabad, India. The focus on high-scale production and cost savings by setting up operations in India has resulted in growing profit margins for the Company and a significant improvement in operational efficiencies. The initiative has been led by the Company’s Head of Product Operations, Hareesh Achi, who has over a decade of technology experience as a former Microsoft and Meta executive.
The move to India has created a cash flow positive 3D model division for Nextech3D.ai by optimizing production processes and taking advantage of cost-effective resources in the region. With these initiatives and others, the Company is positioning itself for enhanced profitability for years to come in a rapidly evolving market.
NEXTECH3D.AI ANNOUNCES EXPANSION OF AI TECH TEAM AND DOUBLING OF OFFICE SPACE AS DEMAND GROWS FOR 3D MODELS - CEO INTERVIEW
Earlier today, Nextech3D.ai announced the expansion of its AI tech team by doubling its office space in Hyderabad, India, to accommodate its expanding team. The Company is also in negotiations for a major license of its GPT AI 3D modeling CAD to 3D and texturing technology. Nextech3D.ai will continue to supply 3D models to the largest brands and. platforms as it gears up increasing revenue and profit margins by signing licensing deals with global manufacturers that have CAD files.
CEO Evan Gappelberg joined Proactive Investors to discuss the news:
WATCH THE INTERVIEW @ https: //www.youtube.com/watch?v=ZfR4xKIGs5A (eliminate the space after "https")
February 22, 2024: Steve Darling (Host, Proactive) and Evan Gappelberg (CEO, Nextech3D.ai) discuss the Company's expansion of its AI tech team team and doubling of office space as demand grows for 3D models
Nextech3D.ai announces launch of GPT AI 3D solutions led by former Microsoft Executive 2/15/2024
Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to announce the company's launch of the next era of GPT AI 3D product solutions. These proprietary Artificial Intelligence algorithms represent a significant advancement in Nextech3D.ai's technology offerings and are poised to drive innovation in the e-commerce industry.
Leading this initiative is Hareesh Achi, a former Microsoft Executive who currently serves as Nextech3D.ai's Head of Product Operations. With Achi's expertise and leadership, the company aims to capitalize on the early stages of the AI opportunity, particularly in the realm of 3D modeling for e-commerce.
Gappelberg emphasized that the transition from 2D to 3D modeling represents a major multi-decade transformation driven by AI. Nextech3D.ai is at the forefront of this transformation, leveraging its suite of GPT AI solutions to provide cutting-edge technology to enterprise clients. The company plans to offer annual enterprise licensing deals for its suite of GPT AI solutions, which initially feature 12 GPTs. Moreover, Nextech3D.ai intends to develop additional GPTs throughout 2024, further expanding its product offerings and market reach.
By focusing on enterprise licensing deals and advancing its suite of AI solutions, Nextech3D.ai is well-positioned to capitalize on the growing demand for innovative 3D technologies in the e-commerce landscape. This initiative underscores the company's commitment to driving technological innovation and delivering value to its clients in the evolving digital marketplace.
Watch the video at:
https: //www.youtube.com/watch?v=Epz-fHQcrAE
CEO Evan Gappelberg joined Proactive Investors to discuss the news released 2/13/2024
NEXTECH3D.AI LANDS $1.8 MILLION 3D MODELING DEAL WITH NASDAQ 100 TECHNOLOGY COMPANY
Earlier today, Nextech3D.ai announced a significant $1.8 million 3D modeling contract with a major enterprise client. This deal provides significant revenue for the Company to be delivered in 2024, and showcases Nextech3D.ai's position as an industry leader for 3D modeling in the $6.3 trillion e-commerce market.
See the interview:
https: //www.youtube.com/watch?v=DQEGFXY1sLc
Please eliminate the space after https:
If you continue to watch, a second video will start with ARway as the subject with some discussion about Netflecks.
LOL, I guess things were different 70 years ago. Have a great day.
NEXTECH3D.AI LANDS $1.8 MILLION 3D MODELING DEAL WITH NASDAQ 100 TECHNOLOGY COMPANY
TORONTO, ON, Canada – February 8, 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 thrilled to announce a significant $1.8 million 3D modeling contract with a major enterprise client. This deal provides significant revenue for the Company to be delivered in 2024 and showcases Nextech3D.ai's position as an industry leader for 3D modeling in the $6.3 trillion e-commerce market.
Nextech3D.ai CEO Evan Gappelberg commented, “Nextech3D.ai has been at the forefront of the massive shift from 2D static images to 3D immersive experiences, utilizing augmented reality and 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 is seeing demand from around the globe and is currently negotiating with three additional enterprise clients that are in the six and seven figure range.” He continued, “This $1.8 million deal is not just a testament to Nextech3D.ai's technological prowess but also to the rapidly growing importance of 3D modeling in e-commerce and demonstrates the scalability and adaptability of Nextech3D.ai's technology. We are focused on large enterprise deals in an effort to ramp up our revenue base and solidify Nextech3D.ai's position as a leader in the field of 3D and AI for e-commerce.”
New AI-Powered 3D Model Search Tool
Last 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. With this groundbreaking AI-powered technology, the Company will enhance and quicken its internal 3D model creation workflow significantly. Additionally, Nextech3D.ai plans to release this search engine for public use, potentially leading to substantial increases in revenue and profits by licensing the AI technology to others.
This new AI-powered 3D model search engine provides 500% increase in 3D modeling productivity. This report was based upon research of Nextech3D.ai’s own internal usage of thousands of searches over several weeks, and significantly impacts and increases the scalability and profitability of the production of 3D models.
2023 Financial Results
The Company also recently reported its unaudited financial and operating results for the full year 2023, ended December 31, 2023. These preliminary results show strong annual revenue growth of +56% to $5 million compared to $3.2 million in 2022. Annual gross profit margin for 2024 is estimated at 30% which with the Company's pivot to India in Q4, 2023 and improvements in its AI-powered 3D modeling technology is projected to increase dramatically in 2024.