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I will be happy when Amazon Seller Central kicks in.
Shareholders finally filled the gap from back on July 16, 2024. Now, maybe the NEXCF stock price will begin to move up. Good luck NEXCF shareholders.
Nextech3D.ai expands 3D and AR capabilities with acquisition of Designhubz’s AR try-on technology
Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to announced the acquisition of Designhubz in an all-stock deal.
Designhubz is widely recognized for its All-in-One Solution that enables the creation, collaboration, and sharing of immersive eCommerce experiences, allowing online shoppers to virtually try products before purchasing.
With this acquisition, Nextech3D.ai is poised to offer a comprehensive virtual shopping experience, featuring augmented reality try-on capabilities for items such as jewelry, clothing, sneakers, and glasses.
This strategic integration taps into the growing consumer demand for interactive and personalized product visualizations. Gappelberg emphasized that Designhubz’s cutting-edge AR technology will provide customers with more than just 3D models—it will offer a seamless virtual “try-on” experience, increasing product engagement and boosting purchase confidence for online shoppers.
Watch Interview
https: //www.youtube.com/watch?v=oVOAPDnMLzE (Please eliminate the space after https:)
What is a bot account?
Nextech3D.ai Secures Three New Patents for AI-Powered 3D Model Generation Algorithms
Growing Portfolio Now Includes a Total of Five Patents In the Field of 3D Modeling
TORONTO, ON / ACCESSWIRE / September 4, 2024 / Nextech3D.ai (OTCQX:NEXCF)(CSE:NTAR)(FSE:1SS), a leading provider of Generative AI-powered 3D model content for major e-commerce retailers like Amazon, P&G, and Kohl's, is thrilled to announce that the United States Patent and Trademark Office (USPTO) has granted the company three new patents for innovative AI-based algorithms designed for 3D model generation.
These new patents are part of Nextech3D.ai's growing portfolio, which now includes a total of five patents in the field of 3D modeling. This achievement underscores the company's dedication to enhancing shareholder value through cutting-edge AI-powered solutions in 3D technology.
The newly granted patents cover advanced AI algorithms that provide the most scalable and efficient methods for generating 3D models from a variety of input sources. These algorithms give Nextech3D.ai a competitive edge, enabling the creation of scalable, cost-effective, and time-efficient solutions for its customers.
The New Patents Include:
THREE-DIMENSIONAL (3D) MODEL GENERATION FROM TWO-DIMENSIONAL (2D) IMAGES
MATERIAL ESTIMATION FOR THREE-DIMENSIONAL (3D) MODELING
THREE-DIMENSIONAL (3D) MODEL ASSEMBLY
As the global 3D and augmented reality (AR) market in eCommerce continues to grow, over the next five years, Nextech3D.ai is strategically positioned to capitalize on this trend. The company's patented AI algorithms will play a crucial role in delivering scalable and efficient solutions to meet the increasing demand for 3D models in digital retail.
Evan Gappelberg, CEO of Nextech3D.ai, commented, "We are at the forefront of a technological change where AI, AR, and 3D model creation are set to become foundational technologies shaping our future. With these patents, Nextech3D.ai is well-positioned in the market and focused on delivering substantial value to our shareholders.."
The patent approvals are a testament to Nextech3D.ai's technological capabilities and reinforce the company's commitment to driving the future of 3D technology through innovation and AI.
For further information, please contact:
Nextech3D.ai
Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)
Nextech3D.ai Offers $2.8 Million Opportunity - Sep 6, 2024
Dear Valued Investor,
I hope this letter finds you in good health and high spirits. It is with great pleasure that I reach out to you today to present a unique, time-sensitive investment opportunity in Nextech3D.ai, the company you have already trusted and believed in.
In our relentless pursuit of excellence and commitment to creating shareholder value, we are excited to offer our loyal investors an exclusive opportunity to acquire additional shares of Nextech3D.ai at an exceptionally discounted price. We believe that seizing this opportunity could be a game-changer for your investment portfolio.
We have announced a $2.8 million Private placement to allow our shareholder to invest at the new price of .10 which is the lowest offering price to date and near the year's low and to position our company ahead of Amazon opening seller central. We do see this as our biggest opportunity and have invested $25 million to get here - but now we are here, and the time has come for us to make this last push-together!
Here are the details of this limited-time offering
:
Offering Details:
Price per Common Share: $0.10 CDN
Warrant Inclusion: With every common share, you will receive one warrant that is valid for two years at $0.15.
Why Invest in Nextech3D.ai now?
Strategic Catalysts:
We have several pivotal catalysts on the horizon, including Amazon opening seller central where Nextech3d.ai will be featured as one of the exclusive 3D Modeling suppliers for the 10 million Amazon merchants
Cutting-Edge Technology:
Amazon has transferred cutting-edge computer vision AI technology to us which now allows us to independently quality-assure our 3D models. This move reflects the high level of trust and integration we've established with Amazon over the past year.
Game-Changing Opportunity:
In October (yes it's been delayed but it is happening) 2024, Seller Central is set to enable the automatic integration of Nextech 3D models onto Amazon's platform. This represents a breakthrough, allowing 3D models to replace 2D photos on a massive scale. This opening of the floodgates is the main opportunity for Nextech to grow, granting us access to 10 million customers and 350 million products as a Preferred 3D model supplier.
New AI Photography Stuido is another NEW technology which the company has pioneered and now starting to monetize.
In the realm of cost efficiency and technological advancement, we have achieved significant milestones that directly impact our financials:
Operational Savings:
We've made substantial strides in reducing operational costs. Combined with the maturation of our generative AI technology, this has resulted in a remarkable reduction in the production cost of our 3D models.
Cost Reduction:
Enhanced Profit Margins:
Improved Gross Profit:
Pivoting production to India and using more AI has driven margins dramatically up.
With the lowered production costs, our gross profit per 3D model has risen to a robust 74% gross margin.
Future Cost Reductions:
We anticipate further cost reductions as our AI technology takes on a more substantial role. Our goal is to bring our profit margins into the 80% range.
Diversified Margin Structure:
It's important to note that our sale of 3D models to Amazon at $63 represents the lowest-margin aspect of our business. We also supply 3D models to esteemed clients such as Kohls, P&G, Vornado fans, Dyson, CB2, and over a hundred others, where our prices are $75+ outside of Amazon pushing profit margins higher.
Significant Upside Potential:
Looking ahead, there's substantial growth potential as we aim to charge our standard prices for merchants on Amazon Seller Central. This development represents a notable upside for our 2024/2025 financial outlook.
These financial improvements, coupled with our expanding client base and technological advancements, position us for a promising future. We believe that our continued efforts in enhancing efficiency and profitability will generate substantial value for our investors as we move forward. Although delays have occurred we do believe that we are on the right track and cusp of turning the corner.
Current Valuation:
At the offering price of $0.10 CDN, our fully diluted market capitalization stands at $14 million CAD. We believe that this valuation significantly undervalues our potential, especially considering the projected 2024/2025 revenue, gross margin, and the growing importance of 3D models in the e-commerce sector. Amazon themselves declared that merchants with 3D models get a 200% increase in conversions on the Amazon site!
This offering is your chance to further strengthen your investment position in Nextech3D.ai, an innovative AI company with a promising future. We see tremendous potential for capital appreciation and invite you to take advantage of this unique opportunity.
For any questions or inquiries about this offering, please contact our Investor Relations team at: investor.relations@nextechar.com
Our dedicated point of contact:
Belinda Tyldesley closingbellservices@gmail.com is available to assist you, and our CEO, Evan Gappelberg, is open to calls to answer your investor queries.
In conclusion, I encourage you to consider this limited-time investment opportunity seriously. Your trust and support have been invaluable to us, and we invite you to continue this journey of success together.
Read more details about the Press Release here.
Sincerely,
Evan Gappelberg - CEO/Founder
evan@nextechar.com
Nextech3D.ai Interview Unveils New AI Features for Aritize3D:
Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to announce significant new enhancements to the company's Aritize3D platform, powered by generative AI. Nextech3D.ai, a pioneer in 3D technology for e-commerce, continues to push the boundaries of innovation with these updates, aimed at enriching product experiences and simplifying the process for customers to visualize and interact with 3D models. Among the key new features is the ability for users to view the dimensions of 3D models directly within the platform's viewer. This functionality provides customers with immediate access to critical information, empowering them to make more informed purchasing and design decisions. By offering this level of detail, Nextech3D.ai is not only enhancing the user experience but also helping its clients deliver exceptional value to their end users.
Additionally, the platform now enables customers to create branded QR codes for their 3D models. This feature enhances brand visibility across various marketing channels, including physical stores, online platforms, and promotional materials. The ability to seamlessly integrate branding into 3D models offers clients a unique way to connect with their audience and reinforce brand identity. Furthermore, Nextech3D.ai's platform now supports three different 3D model viewers, offering increased flexibility to cater to the diverse needs of its customers. This expansion of viewing options ensures that clients can choose the best possible presentation format for their products, further enhancing the overall user experience.
Watch Interview
https: //www.youtube.com/watch?v=WOOoQ8jR3gg (Please remove the space after https:)
Hi_Lo, from your post:
"and Jason Black, Relief Defendants, No. 1:22-cv-03252 (N.D. Ga. filed Aug. 15, 2022)"
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Relief defendants are parties to an action but have no control over it and no financial interest in its outcome. Because of this, receivers can use summary judgment to disgorge funds from relief defendants without asserting a cause of action, as long as the relief defendants cannot show a legitimate claim to the funds.
Nextech3D.ai Launches Key New Features For its Generative AI Powered 2D-3D Model Platform
TORONTO, ON, Canada – August 27th 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a leading generative AI-powered 3D technology company and a certified 3D Content provider for Amazon is pleased to announce key new features for its gen AI powered Aritize3D platform that enhance product experiences and make it easier for customers to visualize 3D models. The launch of these new platform features, are designed to enhance the shopping experience for its customers and their end users. The company, a leader in generative AI-powered 3D technology for e-commerce, is continuing to innovate and expand it’s platform and 3D modeling solutions
Key updates include:
• Dimension View for 3D Models: Users can now view the dimensions of 3D models directly within the platform, providing critical information for better purchasing and design decisions.
• Customizable QR Codes: Customers can create branded QR codes for their 3D models, enhancing brand visibility across marketing materials, physical stores, and online platforms.
• Integration with Multiple 3D Model Viewers: The platform now supports three different 3D model viewers, offering flexibility to meet diverse customer needs.
Nextech3D.ai also highlights its capabilities in AI-driven 3D texturing, 2D photo renders from 3D models, and compliance with Amazon's standards for 3D models, making it a valuable partner for e-commerce brands and Amazon sellers looking to enhance their product listings.
Introducing Dimension View for 3D Models: Empowering Informed Decisions
Nextech3D.ai is proud to introduce the ability to view the dimensions of 3D models directly within our platform viewer. This feature allows customers to access critical information at a glance, enabling them to make more informed purchasing and design decisions. By providing this level of detail, we are enhancing the user experience and helping our clients deliver unparalleled value to their customers.
Customize Your QR Codes: Amplify Your Brand Identity
In today’s highly competitive landscape, brand recognition is more important than ever. With our new customizable QR codes, Nextech3D.ai customers can now create QR codes for their 3D models that reflect their unique brand identity. Choose from a range of custom colors and backgrounds to ensure that your QR codes stand out across all marketing materials, physical stores, and online platforms. This feature not only enhances brand visibility but also strengthens the connection between your digital and physical presence.
Seamless Integration with Multiple 3D Model Viewers: Optimized for Every Customer Need
Understanding that every customer has unique requirements, Nextech3D.ai has integrated with three types of 3D model viewers, ensuring the best possible experience on any website. This versatility guarantees that our customers can choose the viewer that best aligns with their specific needs, providing a seamless and engaging experience for their users. Whether for e-commerce, design, or interactive marketing, our platform adapts to deliver exceptional results.
Key Features of Nextech3D.ai’s 3D-Platform Offering:
• Seamless 3D Model Creation: Bring your 2D and CAD files to our platform, and Nextech3d.ai will build accurate 3D models at scale.
• AI-Driven 3D Texturing: Enhance 3D models with realistic textures using text prompt or from an Image and apply textures to your 3D models.
• 2D Photo Renders from 3D Models: Generate high-quality 2D images from 3D models for versatile use. Increased ROI from your 3D models, no more costly photoshoots.
• Compliance and Publishing: Provide your existing 3D models, and we ensure they meet Amazon's standards and publish them to your Amazon product pages.
Nextech3D.ai is excited to bring these innovative solutions to e-commerce brands and Amazon sellers, helping them leverage the power of 3D and AR to enhance their product listings on Amazon.
For sales contact: mady.wynsma@nextechar.com
Popular categories for 3D models in Amazon’s stores include: ? Home, ? Garden & Tools ? Home Decor ? Furniture ? Kitchen & Dining ? Bed & Bath, ? Garden & Outdoor ? Home Improvement ? Handbags
For further information, contact:
Nextech3D.ai
Evan Gappelberg, CEO/Founder
866-ARITIZE (274-8493)
Interesting, IFUS went up 10.30% on 100 share volume.
IMHO, NexTech3D AI Corp's CEO, Evan Gappelberg has a lot on his table right now. NEXCF's Second Quarterly Report for 2024 should be released any day now, while he is also working with Amazon's sellers and NexTech 3D AI's new India plant. I'm looking forward to reading the quarterly report when it is available. Go NEXCF!
NexTech3D AI Corp = A New Chapter for E-commerce
The partnership between Nextech3D.ai and Amazon marks a new era for e-commerce. Integrating 3D modeling technology enhances the online shopping experience, providing consumers with more confidence and satisfaction. This gives retailers a competitive edge, fostering growth and customer loyalty.
This collaboration highlights the shift towards digital retail and the role of technology in shaping consumer behavior. As AR and AI evolve, they will transform online shopping, setting new industry standards. The partnership with Amazon demonstrates Nextech3D.ai's proficiency and ability to lead in this technological transformation.
"We're just starting to see what we can do. The possibilities for 3D and augmented reality technology to improve our daily lives are huge. At Nextech3D.ai, we're excited to explore these possibilities and provide solutions that really help," Gappelberg underscored. With this vision, Nextech3D.ai aims to influence the future of e-commerce. The partnership with Amazon and others is a step toward a future where technology and retail come together in new ways.
As Nextech3D.ai continues to develop AI and AR, the company remains dedicated to empowering businesses and enhancing the consumer experience. With leaders like Gappelberg, the future of e-commerce looks bright. For investors, Nextech3D.ai offers a promising opportunity, well-positioned for growth and success in the evolving e-commerce landscape. This proactive mindset ensures that Nextech3D.ai will continue to lead in integrating AI and AR technologies in e-commerce.
NexTech3D AI Corp = Sustained Growth and Future Outlook
In 2024, Nextech3D.ai delivered over 100,000 3D models, showcasing its ability to scale and meet market demand. The global e-commerce market continues to grow, with a projected annual growth rate of 20% to 25% through 2025. As online shopping evolves, incorporating augmented reality (AR) and artificial intelligence (AI) technologies is key to enhancing customer experiences and driving sales.
Nextech3D.ai is well-positioned to benefit from these trends. Their technology meets current market needs and anticipates future demands. By continuously investing in research and development, the company aims to stay ahead, providing solutions that improve the online shopping experience. With a global reach, Nextech3D.ai has delivered millions of AR experiences, demonstrating its technology's scalability and market appeal.
Gappelberg is optimistic about the future, highlighting the importance of adaptability and forward-thinking. "Online shopping is always changing. We want to stay ahead and give our clients the tools they need to succeed in a digital world," he said. This proactive mindset ensures that Nextech3D.ai will continue to lead in integrating AI and AR technologies in e-commerce.
Nextech3D.ai Achieves Breakthrough in AI-Driven Augmented Reality for Global Retailers
By Nextech3D.ai on Aug 14, 2024 2:24:59 PM
🚀 We're thrilled to share that Nextech3D.ai has been featured in Tech Times for our advancements in AI-driven augmented reality! 🌟 We are part of the revolution that is changing the global retail landscape, delivering immersive and interactive shopping experiences that boost customer engagement, streamline the buying process, increased purchases, reduced returns and drive higher conversion rates. 🌍🛍️
It was a crisp autumn morning in 2018 when Evan Gappelberg, the CEO of Nextech3D.AI, stood on the cusp of a significant moment in his career. The company Gappelberg built uses advanced artificial intelligence to create detailed 3D models from 2D photographs, transforming flat 2D photos into interactive 3D enhancing online shopping experiences. As sunlight filtered through the glass walls of his office, it cast reflections on monitors displaying the latest in 3D modeling technology. This was not just another day; it marked the culmination of decades of progress in photography. Today, Nextech3D.AI, a publicly traded company (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a Certified 3D Model External Content Provider (ECP) for Amazon, and a leading generative AI-powered 3D modeling technology company for major e-commerce entities, announces its intention to transform the e-commerce landscape with its patented AI-powered 3D modeling technology.
In an industry where visuals are crucial, Nextech3D.ai's ability to create accurate 3D models from 2D photographs bridges the gap between online shopping and the in-store experience. The partnership with Amazon, the world's largest online retailer, underscores the potential of AI to enhance how consumers interact with products online. As Gappelberg prepared to address the media, the anticipation built around the potential impact of this technology on the future of e-commerce.
Building a Vision
Nextech3D.ai was founded in 2018, driven by Gappelberg's ambition to advance augmented reality and artificial intelligence. With a $50 million investment in patented AI technology, the company aimed to create 3D models for e-commerce platforms. Their goal was straightforward yet impactful: to make online shopping as detailed and confident as a physical store visit, all from the comfort of home.
"We wanted to make online shopping as easy and satisfying as browsing your favorite store," Gappelberg said. "By using our patented AI technology, we can create 3D models that look real and can be easily scaled, which has allowed us to work with big names like Amazon." This significant investment has made Nextech3D.ai a leader in the industry, ready to meet the changing demands of e-commerce.
Nextech3D.ai uses advanced algorithms to turn simple 2D photos into detailed 3D models. This process cuts the need for expensive and time-consuming photo shoots, reducing costs and speeding up the time it takes for products to appear online. Additionally, the technology includes a virtual try-on feature, boosting customer confidence and reportedly doubling conversion rates. This development is making online shopping more interactive and engaging.
Elevating E-commerce with 3D Technology
The partnership between Nextech3D.ai and Amazon is poised to transform the e-commerce industry, which is expected to reach approximately $6.3 trillion by the end of 2024. As a certified Amazon 3D content provider, Nextech3D.ai's technology will be featured on Amazon's platform, enabling millions of merchants to transform their flat 2D photos of products to be viewed in detailed 3D. This collaboration marks a major milestone for both companies and highlights the growing role of augmented reality and artificial intelligence in retail.
"Partnering with Amazon is an incredible opportunity," Gappelberg explained. "Their focus on enhancing the customer experience fits perfectly with our mission. Together, we're redefining what online shopping can be." For consumers, this means a more interactive and informative shopping experience. Products can be viewed from every angle, with the ability to zoom in on intricate details, offering a level of transparency and engagement that traditional images can't match.
Nextech3D.ai's diverse customer base includes major clients like Miele, Sony, Procter & Gamble, NAPA Auto, and Kohl's, in addition to Amazon. This wide-ranging clientele demonstrates the broad appeal and applicability of Nextech3D.ai's technology across various industries. An industry expert pointed out the potential benefits but also warned about relying too heavily on technology. "While 3D modeling in e-commerce has great potential, it's important to balance technology with practicality. Not all products need such detailed visualization, and there will be a learning curve for both retailers and consumers," the expert noted.
Sustained Growth and Future Outlook
In 2024, Nextech3D.ai delivered over 100,000 3D models, showcasing its ability to scale and meet market demand. The global e-commerce market continues to grow, with a projected annual growth rate of 20% to 25% through 2025. As online shopping evolves, incorporating augmented reality (AR) and artificial intelligence (AI) technologies is key to enhancing customer experiences and driving sales.
Nextech3D.ai is well-positioned to benefit from these trends. Their technology meets current market needs and anticipates future demands. By continuously investing in research and development, the company aims to stay ahead, providing solutions that improve the online shopping experience. With a global reach, Nextech3D.ai has delivered millions of AR experiences, demonstrating its technology's scalability and market appeal.
Gappelberg is optimistic about the future, highlighting the importance of adaptability and forward-thinking. "Online shopping is always changing. We want to stay ahead and give our clients the tools they need to succeed in a digital world," he said. This proactive mindset ensures that Nextech3D.ai will continue to lead in integrating AI and AR technologies in e-commerce.
Expanding into New Sectors
Nextech3D.ai plans to enter fields such as health care, education, and real estate, using augmented reality (AR) and artificial intelligence (AI) for various applications. In health care, AR can facilitate virtual consultations, providing easy access to medical professionals. Education can benefit from immersive experiences that make learning more engaging, while real estate can use interactive property tours to allow buyers to explore homes remotely. These expansions show the versatility of Nextech3D.ai's technology beyond retail.
AR can improve patient care by making virtual consultations more immersive and realistic. It can bring lessons to life in education, making them more engaging. Real estate can benefit from AR by offering virtual property tours, saving time and resources while providing detailed views of properties. By exploring these new sectors, Nextech3D.ai aims to create value across multiple industries.
A New Chapter for E-commerce
The partnership between Nextech3D.ai and Amazon marks a new era for e-commerce. Integrating 3D modeling technology enhances the online shopping experience, providing consumers with more confidence and satisfaction. This gives retailers a competitive edge, fostering growth and customer loyalty.
This collaboration highlights the shift towards digital retail and the role of technology in shaping consumer behavior. As AR and AI evolve, they will transform online shopping, setting new industry standards. The partnership with Amazon demonstrates Nextech3D.ai's proficiency and ability to lead in this technological transformation.
"We're just starting to see what we can do. The possibilities for 3D and augmented reality technology to improve our daily lives are huge. At Nextech3D.ai, we're excited to explore these possibilities and provide solutions that really help," Gappelberg underscored. With this vision, Nextech3D.ai aims to influence the future of e-commerce. The partnership with Amazon and others is a step toward a future where technology and retail come together in new ways.
As Nextech3D.ai continues to develop AI and AR, the company remains dedicated to empowering businesses and enhancing the consumer experience. With leaders like Gappelberg, the future of e-commerce looks bright. For investors, Nextech3D.ai offers a promising opportunity, well-positioned for growth and success in the evolving e-commerce landscape. This proactive mindset ensures that Nextech3D.ai will continue to lead in integrating AI and AR technologies in e-commerce.
Key Features of Nextech3D.ai's 3D-Platform Offering:
• Seamless 3D Model Creation: Bring your 2D and CAD files to our platform, and Nextech3D.ai will build accurate 3D models at scale.
• AI-Driven 3D Texturing: Enhance 3D models with realistic textures using text prompts or from an Image and apply textures to your 3D models.
• 2D Photo Renders from 3D Models: Generate high-quality 2D images from 3D models for versatile use. Increased ROI from your 3D models, no more costly photoshoots.
• Compliance and Publishing: Provide your existing 3D models, and we ensure they meet Amazon's standards and publish them to your Amazon product pages.
For more information, contact:
Nextech3D.ai
Evan Gappelberg, CEO/Founder
866-ARITIZE (274-8493)
AI-powered 3D models revolutionize e-commerce
Nextech3D.ai (CSE:NTAR) CEO Evan Gappelberg gave an interview at The Capital Compass and he discussed about Nextech3d.ai efforts in AR and 3D technologies. Evan shared that Nextech3D.ai is pioneering the shift towards 3D and augmented reality (AR) technologies in e-commerce, driven by its advanced AI capabilities. The company creates hyper-realistic 3D models that enhance product visualization, improve customer engagement, and reduce return rates. Company's patented AI-powered technology enables rapid and cost-effective 3D model creation, benefiting major e-commerce sellers on Amazon and other platforms. This transformation from 2D to 3D models is reshaping online shopping, providing a more interactive and immersive experience for consumers. Nextech3D.ai's strategic initiatives and partnerships position it at the forefront of this technological revolution, aiming for profitability with high profit margins and reduced operating expenses by 2024
https: //stockhouse.com/news/newswire/2024/08/01/ai-powered-3d-models-revolutionize-e-commerce
AI-powered 3D models revolutionize e-commerce
Coreena Robertson, The Market Online
The following is a transcription of the above video, and The Market Online has edited it for clarity.
Nextech3D.ai (CSE:NTAR) is rapidly making gains via its proprietary artificial intelligence that creates 3D models and is being utilized in major e-commerce settings. CEO Evan Gappelberg joins The Market Online to discuss the company’s patented AI technology, its growth in the 3D interactive model industry and its partnership with Amazon.
TMO: Let’s start with your patented AI tech for those new to the company. What does it do?
Gappelberg: Our generative AI technology converts 2D photos to 3D interactive models for the e-commerce industry. We’ve been working as pioneers in this space going all the way back to 2018. We’ve invested at this point almost $50 million into our AI technology and now we’re scaling our AI production of 3D models for Amazon and for other major e-commerce platforms.
TMO: Now you are recognized as an Amazon 3D model external content provider. How does that position you for growth with Amazon and what is the significance of this for investors?
Gappelberg: It’s a very significant development. Amazon is the 800-pound gorilla when it comes to e-commerce, and we are one of an elite few 3D model external content providers for Amazon. We went through a rigorous two-year training program. During that program we delivered millions of dollars’ worth of 3D models to Amazon, for Amazon.
So, if you go on Amazon’s site, a lot of the 3D models that you see, there are models that Nextech3d.ai has built for Amazon and yet we’re still at the very, very early stages. This is still just the beginning. Amazon still hasn’t really opened up their platform. They’ve been using Nextech to test their platform and we believe that they’re going to be opening up their platform very, very soon and we believe the floodgates are going to open when they do, where there’s roughly 10 million Amazon sellers and roughly 350 million products and they’re all going to convert from 2D to 3D. So it’s a very prestigious designation for our small company and we’re very excited about the revenue potential.
TMO: And Amazon is just going to continue to grow.
Gappelberg: Yeah, they are. Some people have projected that in the future, 95 per cent of commerce will be done online will be e-com. So yeah, there’s endless growth opportunities.
TMO: Now, Amazon reported that creating 3D and AR models increases engagement in sales and reduces return rates. Is this because of your technology?
Gappelberg: It is. So, Amazon has proven through years of testing that there’s a 2x improvement in purchase conversions on average when you have a 3D model versus a 2D photo, that’s what’s driving this. This is all about ROI, even though it’s super cool to see a 3D model in your space. The cool factor is it’s cool, but what’s driving it is ROI. For every 3D model that you have replacing a 2D photo, you’re getting a 200 per cent improvement in conversions and that is huge in the e-commerce industry. I don’t think there’s any other technology that provides that kind of return, video or hotspots maybe provide a 10 per cent or 15 per cent uplift, but it’s unheard of to see a 2x.
TMO: Personally, the reduction on the return rates has got to be a massive bonus as well.
Gappelberg: Absolutely. Returns plummet because you’re able to try before you’re buying, you’re able to see it in your space. And so especially for things like furniture where the size is always an issue or home appliances, you have a 3D model and an augmented reality view, which is what we provide.
You’re able to actually pull the product out of the screen, put it in your room with your phone just by scanning a QR code, you now have a 3D model in your room at home and if it fits, you’re buying it and then when it shows up, it fits because you’ve already measured and seen it and so like you said, returns go down by as much as 80 per cent and that saves a huge amount of money again for the seller.
So again, ROI, ROI, ROI.
TMO: On the business growth side, where are you seeing the immediate growth for Nextech and what does the company fit in with the e-commerce business trend over the next five years?
Gappelberg: Over the past five years, we’ve produced roughly a hundred thousand 3D models. As we go forward, we would expect to at least 10x that with the demand that’s out there and so we see an enormous amount of opportunity in this industry. Again, it’s early days, we’re just getting started with Amazon.
Amazon is the biggest player but they’re not the only player. We supply hundreds of other accounts across the globe, and we see really nothing but enthusiasm and blue-sky growth opportunities within the Amazon ecosystem but even outside the Amazon ecosystem. And so the whole world is going 3D.
I’ve been talking about this now for a number of years but it’s actually happening. It did take longer than anticipated. To be totally honest, I thought this was going to happen way sooner because sitting on the front lines, I saw the ROI, I saw the value, but it did take a long time for the industry to develop.
But we’re at the tipping point where we see just a massive growth opportunity, and Nextech is perfectly positioned because we’ve invested over the last five years in our technology and ultimately that’s driving this industry.
TMO: Is there anything else you’d like to share with the audience today?
Gappelberg: I would just say that when it comes to building new technology in new industries, timing is everything. It takes time before the technology gets widely accepted and adopted.
We’re at that time now. Whereas in the past I thought we were there, (but) we weren’t. But now we are, and we’re very, very excited about Amazon leaning in and speaking to the public about things that we’ve been talking (about) to Amazon, and they’ve been talking to us about in private.
So, I would say to our investors, stay tuned, the month of August is going to be quite pivotal for our business.
You can find Nextech3D.ai on the CSE under the symbol NTAR or head to its website at nextechar.com for more information.
Company shares were last trading at $0.10.
Join the discussion: Find out what everybody’s saying about this stock on the Nextech3D.ai Bullboard investor discussion forum, and check out the rest of Stockhouse’s stock forums and message boards.
The material provided in this article is for information only and should not be treated as investment advice.
ignatiusrielly35, IMHO, I was very pleased to see that NexTech3D AI's gross margin increased to 70% of revenue compared to 30% for 2023. With NexTech becoming a certified 3D Model Content Provider (ECP) for Amazon, the revenue should start increasing each quarter as NexTech reaches additional Amazon sellers. It is just a matter of time and I'm willing to wait. Good luck to us all.
Nextech3D.ai has a new video out:
Nextech3D.ai Reports Q2 2024 Performance with Significant Revenue Growth and Improved Profit Margins
Nextech3D.ai Reports Preliminary 70% Gross Profit Margin in Q2, 2024 Revenue of $1.2 Million (nextechar.com)
Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive revealing the company's preliminary unaudited financial and operational results for the second quarter of 2024, which ended on June 30, 2024. The results showcased a notable revenue increase to $1.2 million, up from $1 million in the first quarter of 2024. Gappelberg highlighted the company's impressive operational leverage, with a substantial gross profit margin of 70% in Q2, a significant rise from 50% in Q1 and 30% for the entire year of 2023. He attributed this growth to the company's strategic shift towards the Indian market in the fourth quarter of 2023 and advancements in its AI technology. These initiatives are expected to further enhance the company's gross margin, potentially reaching 80% in 2024.
The relationship as an 3D Content Provider for Amazon opens new avenues for growth, as Amazon's data suggests that listings featuring 3D models experience a twofold increase in purchase conversions on average. Nextech3D.ai is poised to capitalize on this opportunity, anticipating substantial new business prospects.
https: //www.youtube.com/watch?v=iyFjut1SXG4 (Please removed the space after https: to watch the video.)
Nextech3D.ai Reports Preliminary 70% Gross Profit Margin in Q2, 2024 Revenue of $1.2 Million
TORONTO, ON, Canada – July 30, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a Certified 3D Model External Content Provider (ECP) for Amazon and a leading generative AI-powered 3D modeling technology company for major e-commerce entities, announces its preliminary unaudited financial and operating results for Q2 2024, ending June 30, 2024. These results indicate strong revenue growth of $1.2 million, up from $1 million in Q1 2024. The company is experiencing operational leverage, with a gross profit margin of 70% in Q2, compared to 50% in Q1 and 30% for the full year 2023. The company's strategic pivot to India in Q4 2023 and advancements in its AI technology are projected to boost its gross margin to 80% in 2024.
CEO Commentary
Nextech3D.AI CEO and founder Evan Gappelberg commented, "We are pleased with our Q2 preliminary results, especially our 70% gross margin, which marks a new high for our company. As a newly certified 3D modeling partner for Amazon, the largest e-commerce platform, we anticipate significant new business opportunities from this pivotal certification. Moving operations to India has positively impacted our production capacity and profits, with consistent profit margins of 70%, a 133% increase compared to our 30% margins in 2023."
He continued, "Our growth in 2024 is set to accelerate as we secure more enterprise deals and as Amazon promotes our 3D modeling services to their merchants. At the same time, we are developing crucial AI technology that will continue to drive our revenue and profits. We are witnessing a rapid convergence of AR and AI technology, which is beginning to drive the mass adoption of 3D modeling for e-commerce."
Amazon listings with 3D models have seen a 2X improvement in purchase conversion on average according to a 2022 report from Amazon themselves. This high ROI is driving more sellers to adopt 3D models and now as a 3D Model External Content Provider (ECP) for Amazon the company is strategically positioned in a significant growth opportunity.
Nextech’s patents in the 3D model generation from 2D and CAD images (2D to 3D, CAD to 3D) enables it to scale 3D model creation and now allows Amazon sellers to publish those 3D models to Amazon’s stores all through one platform and one team. As an Amazon 3D model External Content Provider (ECP), Nextech3D.ai is now offering its 3D modeling solutions to Amazon’s expansive marketplace that are currently selling products in Amazon stores.
Key Features of Nextech3D.ai’s 3D-Platform Offering:
• Seamless 3D Model Creation: Bring your 2D and CAD files to our platform, and Nextech3d.ai will build accurate 3D models at scale.
• AI-Driven 3D Texturing: Enhance 3D models with realistic textures using text prompt or from an Image and apply textures to your 3D models.
• 2D Photo Renders from 3D Models: Generate high-quality 2D images from 3D models for versatile use. Increased ROI from your 3D models, no more costly photoshoots.
• Compliance and Publishing: Provide your existing 3D models, and we ensure they meet Google standards and publish them to your Google product pages.
Nextech3D.ai is excited to bring these innovative solutions to e-commerce brands and Amazon sellers, helping them leverage the power of 3D and AR to enhance their product listings on Amazon.
Looks like NexTeac3D AI Corp's chart should fill the GAP tomorrow. Go NEXCF!
Nextech3D.ai, now certified as Amazon's 3D model external content provider, is poised for significant growth in the 3D modeling market.
Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to announce that the company has achieved certification as a Certified 3D Model External Content Provider for Amazon. This prestigious designation highlights Nextech3D.AI's outstanding technical expertise and leadership in the 3D platforms sector.
Amazon listings featuring 3D models have demonstrated an average twofold improvement in purchase conversions, presenting a high return on investment (ROI) that motivates more sellers to adopt 3D models. As an officially recognized 3D Model External Content Provider for Amazon, Nextech3D.ai is strategically positioned to capitalize on this substantial growth opportunity. Over the past five years, Nextech3D.ai has successfully delivered nearly 100,000 3D models and millions of augmented reality (AR) experiences to hundreds of clients.
Nextech3D.ai's patented technology for generating 3D models from 2D and CAD images enables the company to scale the creation of 3D models efficiently. This capability now allows Amazon sellers to publish their 3D models directly to Amazon's stores through a unified platform and team. As an Amazon 3D Model External Content Provider, Nextech3D.ai is offering its advanced 3D modeling solutions to Amazon's vast marketplace, supporting sellers in enhancing their product listings with immersive 3D models.
With this new certification, Nextech3D.ai is well-positioned to expand its reach and impact in the e-commerce space, offering innovative solutions that enhance the shopping experience for consumers and drive business growth for sellers.
Watch today's video:
https: //www.youtube.com/watch?v=i-TmK037ucA (take out the space after https:)
ignatiusrielly35, are you saying that Nextech3D AI was already certified before this week?
Nextech3D.ai Selected as Amazon 3D Model External Content Provider (ECP)
Company is Positioned for growth with its Patented High-Margin Generative AI Powered 3D Modeling Technology at scale and AI Photography Studio for ecommerce
TORONTO, ON, Canada – July 16th 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a leading generative AI-powered 3D modeling technology company for major e-commerce entities, proudly announces its certification as a Certified 3D Model External Content Provider (ECP) for Amazon. This prestigious designation underscores Nextech3D.AI’s exceptional technical proficiency and leadership in the realm of 3D platforms. Amazon listings with 3D models have seen a 2X improvement in purchase conversion on average according to a 2022 report from Amazon themselves. This high ROI is driving more sellers to adopt 3D models and now as a 3D Model External Content Provider (ECP) for Amazon the company is strategically positioned in a significant growth opportunity.
Evan Gappelberg, CEO of Nextech3D.AI, expressed his enthusiasm, stating, "Amazon stands as the cornerstone of e-commerce, and we are deeply honored and proud to serve as an Amazon 3D Model External Content Provider (ECP). By embracing 3D technology, Amazon continues to define the benchmark for the next generation of e-commerce experiences, and we are thrilled to contribute to this evolution."
He added, "Over the past five years, Nextech3D.AI has delivered nearly 100,000 3D models and millions of AR experiences to hundreds of customers. We remain steadfast in our commitment to lead the digital commerce evolution through our advanced 3D and AI modeling technologies."
Nextech’s patents in the 3D model generation from 2D and CAD images (2D to 3D, CAD to 3D) enables it to scale 3D model creation and now allows Amazon sellers to publish those 3D models to Amazon’s stores all through one platform and one team. As an Amazon 3D model External Content Provider (ECP), Nextech3D.ai is now offering its 3D modeling solutions to Amazon’s expansive marketplace that are currently selling products in Amazon stores.
Key Features of Nextech3D.ai’s 3D-Platform Offering:
• Seamless 3D Model Creation: Bring your 2D and CAD files to our platform, and Nextech3d.ai will build accurate 3D models at scale.
• AI-Driven 3D Texturing: Enhance 3D models with realistic textures using text prompt or from an Image and apply textures to your 3D models.
• 2D Photo Renders from 3D Models: Generate high-quality 2D images from 3D models for versatile use. Increased ROI from your 3D models, no more costly photoshoots.
• Compliance and Publishing: Provide your existing 3D models, and we ensure they meet Amazon's standards and publish them to your Amazon product pages.
Nextech3D.ai is excited to bring these innovative solutions to e-commerce brands and Amazon sellers, helping them leverage the power of 3D and AR to enhance their product listings on Amazon.
For sales contact: mady.wynsma@nextechar.com
Popular categories for 3D models in Amazon’s stores include: ? Home, ? Garden & Tools ? Home Decor ? Furniture ? Kitchen & Dining ? Bed & Bath, ? Garden & Outdoor ? Home Improvement ? Handbags
Nextech3D.ai Welcomes Mady Wynsma as New Head of Global Sales
Nextech3D.ai is thrilled to announce Mady Wynsma as the new Head of Global Sales, bringing extensive expertise and a strategic vision to drive global sales growth and innovation.
Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to share the exciting news of hiring Mady Wynsma as the new Head of Sales. Wynsma brings a wealth of experience to her new role, having worked with e-commerce giants like Walmart and Kohls. Gappelberg highlighted Wynsma's deep understanding of e-commerce and her extensive experience in building efficient, scalable, and profitable sales teams. He expressed confidence that her expertise will significantly contribute to Nextech3D.ai's growth during this pivotal time for both the company and the 3D/AI industry.
Wynsma expressed her enthusiasm for joining Nextech3D.ai, emphasizing her excitement about the opportunities ahead in the rapidly evolving 3D/AI sector. She is eager to leverage her skills and experience to drive Nextech3D.ai's growth and success in this dynamic industry.
Nextech3D.ai is looking forward to the innovative strategies and leadership Wynsma will bring to the team, positioning the company for continued advancement and expansion in the 3D and AI markets.
Proactive video:
https://investorshub.advfn.com/secure/post_new.aspx?board_id=36359
I want to see the 80% GM forecast on Revenue, per Evan Gappelberg's news releases. I see a gross profit margin % to revenue of 51.35% for the 3 months ended March 31, 2024, compared to an average % of 41.03% for 2023, which is good.
Evan spun off two profit centers but still has a lot of operating expenses to cover. He needs a higher gross margin on the remaining revenue to make up for the lower revenue left after the two spin-offs and income from the investment in the spin-off investments.
I also see that share-based compensation was $449,409 for the three months that ended March 31, 2024, compared to an average of $443,924 for 2023. The three-month % of revenue for share-based compensation was 43.86% compared to an average of 35.28% for 2023. Maybe an executive or two should have been transferred with the spin-offs? IMO
I am looking forward to the filling of the second quarter financials. See if there is an improvement in the Gross margin %.
SeaStar Medical Ships First QUELIMMUNE Product Order to U.S. Distribution Partner -
July 12 2024 - 8:30AM
SeaStar Medical Holding Corporation (Nasdaq: ICU) (SeaStar Medical) reports the initial commercial sale of QUELIMMUNE™-Pediatric to its U.S. license and distribution partner, Nuwellis, Inc. QUELIMMUNE is SeaStar Medical’s Selective Cytopheretic Device-Pediatric (SCD-PED), a patented cell-directed extracorporeal therapy that selectively targets the most highly activated neutrophils and monocytes responsible for hyperactive immune response. QUELIMMUNE is approved by the U.S. Food and Drug Administration (FDA) as a Humanitarian Use Device (HUD) under a Humanitarian Device Exemption (HDE) to treat pediatric acute kidney injury (AKI) in patients weighing 10 kilograms or greater with sepsis or a septic condition requiring kidney replacement therapy (KRT).
“It’s highly gratifying to ship our first commercial QUELIMMUNE product order to Nuwellis for these patients,” said Eric Schlorff, CEO of SeaStar Medical. “QUELIMMUNE is a best-in-class therapy that across two pediatric clinical studies has been shown to have a probable benefit of reducing mortality and decreasing dialysis dependency in these severely ill children. We expect prestigious pediatric hospitals to meet the HDE requirements this quarter, with a more robust commercial rollout in the fourth quarter of 2024.”
QUELIMMUNE consists of a SCD-PED cartridge and blood tubing set that are connected in-line to an existing hemodialysis delivery system’s extracorporeal continuous KRT circuit in a process that takes about 15 minutes. The Company expects that, on average, a full course of treatment for children with AKI will require three to seven days of treatment with the disposable SCD-PED cartridge being replaced every 24 hours.
Each year in the U.S., approximately 4,000 children with AKI require continuous KRT, with a mortality rate of approximately 50%. Many of those who survive experience long-term complications that can include chronic kidney disease and a lifetime of dialysis. Pooled analysis from two non-controlled studies, one of which was funded by the FDA office of Orphan Products Development, showed that children with AKI weighing 10 kilograms or more requiring continuous KRT treated with QUELIMMUNE had a 77% survival rate with no dialysis dependency at 60 days, and had no device-related serious adverse events or device-related infections.
SeaStar Medical is actively enrolling patients in the pivotal adult NEUTRALIZE-AKI clinical trial. The adult AKI population is 50 times greater than the pediatric population, which the Company believes represents a multibillion-dollar market opportunity.
SeaStar Medical Finalizes FDA Labeling Requirement for QUELIMMUNE, Paving the Way for First Commercial Sales as Humanitarian Use Device - July 03 2024 - 8:30AM
SeaStar Medical Holding Corporation (Nasdaq: ICU), a commercial-stage medical device company developing proprietary solutions to reduce the consequences of hyperinflammation on vital organs, announces that the U.S. Food and Drug Administration’s (FDA) Center for Biologics Evaluation and Research (CBER) has agreed to the final labeling for SeaStar Medical’s QUELIMMUNE™, the Selective Cytopheretic Device for pediatric patients, paving the way under the Humanitarian Use Device (HUD) designation to market the therapeutic device in the U.S. for the treatment of children weighing 10 kilograms or more with acute kidney injury (AKI) and sepsis or septic condition requiring kidney replacement therapy (KRT).
“We thank the FDA for diligently working through QUELIMMUNE’s labeling. We are now ready to make final changes to product labels for incorporation into the commercial kits,” said Eric Schlorff, SeaStar Medical CEO. “We expect to begin shipping this month and are excited to bring the potential lifesaving and quality-of-life benefits of QUELIMMUNE to critically ill children.”
Pediatric Acute Kidney Injury
QUELIMMUNE is 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. Pediatric patients undergoing treatment with QUELIMMUNE are expected to require, on average, seven QUELIMMUNE daily therapies, with the disposable device being changed once every 24 hours.
Only about half of patients in the pediatric ICU with AKI who require KRT survive, with those surviving being at risk of long-term, life-threatening conditions such as chronic kidney disease. A 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 KRT who were treated with QUELIMMUNE had a 77% survival rate, no dialysis dependency at day 60 and no device-related serious adverse events or device-related infections. The U.S. addressable population of about 4,000 children falls within the 8,000-patient HDE criteria.
SeaStar Medical is also conducting a pivotal trial in adults with AKI who require continuous KRT. The applicable adult population is approximately 210,000 patients per year, or about 50 times larger than the pediatric population.
Nextech3D.AI Expands into Specialty Retail Ecommerce with The Largest Independent Crossbow Dealer in the USA, Wyvern Creations
TORONTO, O.N, Canada –July 2nd, 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'' and other major e-commerce retailers announces the expansion of its 3D business into the specialty retail e-commerce sector with the onboarding of our new customer, Wyvern Creations, in business for 18 years and now the largest independent crossbow dealer in the country intends to convert all its products into 3D models. The Company sees the 3D industry it operates in accelerating. As a pioneer in 3D and Augmented Reality (AR) technologies, the company is at the forefront of transforming the e-commerce landscape. As online shopping continues to evolve, Nextech3D.AI’s AI solutions are transforming how consumers interact with products, helping to drive a new era of immersive and interactive shopping experiences in ecommerce.
David Wilkins, owner of Wyvern Creations, comments “the response from our customers has been overwhelmingly positive towards the 3D AR supplied by Nextech3D.ai. With this 3D AR web-based shopping experience our online customers can view crossbows in their own home before purchasing, offering a significant enhancement over traditional web pages and reducing the need for physical store visits' '.David notes that the archery industry has been slow to adopt online purchasing. However, the integration of Nextech3D.AI’s advanced 3D imaging technology has greatly enhanced the online shopping experience for customers, providing Wyvern Creations with a competitive advantage.
Hareesh Achi Head of 3D Model Production Comments “We are proud to showcase the intricate details of crossbows using our advanced quad mesh technology, enabling Wyvern Creations to engage their customers on their website like never before. One of the key benefits of Nextech3D.AI's 3D modeling solutions is the ease of integration of 3D and AR assets on customer websites. David highlighted the seamless experience of integrating 3D assets on Wyvern's website, which enabled a quick launch of the 3D experience for their customers. Wyvern Creations offers a wide range of crossbows, and the use of 3D imaging allows their customers to visualize and compare products realistically, including innovative applications like a video game tie-in.”
Sample 3D asset integration on Wyvern website:
TenPoint TRX515 Crossbow | Wyvern Creations
TenPoint Siege 425 Crossbow | Wyvern Creations
Ravin R29X Crossbow Package – Wyvern Creations
Listen to some of the feedback on our customer Insights page:
Nextech3D.ai Reviews | Customer Testimonials (nextechar.com)
Nextech3D.AI, is continuously adding new industries and customers to its 3D modeling portfolio, expanding its customer base and pushing the boundaries of what is possible in online retail.
About Wyvern Creations
Wyvern Creations has been in business for 18 years, initially started as a home-based Internet business selling crossbows. Wyvern specializes in selling a variety of crossbows, scopes, arrows and broadheads.
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For further information, please contact:
Nextech3D.ai
Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)
https://mail.google.com/mail/u/0/?shva=1#inbox/FMfcgzQVxRHNfCKmfTpzZlKqbBDVTdWL
I believe SAPX is in a quiet zone. SAPX will tell us what is going on when Lionsgate gives SAPX the go-ahead.
Seven Arts Entertainment Inc. (SAPX)
3440 Oakcliff Road Suite 104
Atlanta, GA 30340
770-866-6250
Quarterly Report for the period ending March 31, 2024 (the “Reporting Period”)
Outstanding Shares: The number of shares outstanding of our Common Stock was:
2,038,444,252 as of 03/31/2024 compared to 2,038,444,252 as of 06/30/2023
SAPX had current Assets of $17,890 on March 31, 2024, compared to $10,392 for June 30, 2023. Total Assets were $78,730 on March 31, 2024, compared to $71,372 on June 30, 2023.
SAPX had Total Liabilities of 6,027,881 on March 31, 2024, compared to $$5,934,481 for June 30, 2023. SAPX had Total Stockholder’s Deficit of $5,949,151 on March 31, 2024, compared to $5,863,109 on June 30, 2023.
SAPX had zero Revenue for both the three months of 2024 and 2023. SAPX had a net loss of $37,534 for the three months ended on March 31, 2024, compared to $543,299 for the three months ended March 31, 2023.
SUBSEQUENT EVENTS: There were no events subsequent to March 31, 2024
https ://SAPX Quarterly Consolidated Financial Statements_v329_12-31-2022.xlsm (otcmarkets.com) (remove the space between the s :)
Publish date: 6/24/2024
Boosting 3D: Amazon Welcomes Nextech3D.ai
https://mail.google.com/mail/u/0/?shva=1#inbox/FMfcgzQVxHfCbDDqPBlZGPxRFlzczRQX
Who thinks ICU will open at $5.475 ($0.219 x 25) on Monday? Or higher? Or lower? It should be interesting.
Good luck everyone.
Nextech3d.ai Sets New Standards with It’s AI-Driven Lifestyle Photography
TORONTO, O.N, Canada –June 6th, 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 has been adding Digital Photography and dynamic product visuals as part of its 3D model offerings. Nextech3D.ai proudly announces a significant advancement in its AI-powered photography technology: the ability to create dynamic lifestyle images from 3D models or CAD files, representing a significant leap from 2D photography to 3D renders and photos. AI is transforming the virtual photography landscape for ecommerce, as the company is producing tens of thousands of 3D models annually it expects to produce hundreds of thousands of 3D model renders to its same customer base and expand with new customers. The company believes that its AI Photography with Advanced Lifestyle Image Creation is a large opportunity for revenue growth.
The company's advanced AI algorithms identify product categories and generate high-quality lifestyle images in just minutes.
Key advantages include:
• High-Quality Photography: No human error. Easily produces images in resolutions of 1K, 2K, 4K, and 8K.
• Faster Turnaround: Instant image generation accelerates project timelines.
• Cost Efficiency: up to 95% savings compared to traditional photoshoot expenses.
The ability to create solid backgrounds, gradient backgrounds, and lifestyle images with just a click streamlines the process of producing engaging, professional visuals. The transition from traditional 2D photography to 3D renders and photos is highly relevant in the e-commerce industry, where detailed and dynamic product images can significantly enhance consumer engagement and drive sales. NextechAR's commitment to innovation and excellence ensures that our customers receive the most advanced and efficient solutions in the industry.
Where AI really does come into its own is its ability to analyze data and automate repetitive tasks. Using NextechAR’s deep learning algorithms, AI’s image processing and recognition tools allow the AI to take better photos and do so instantly and at a cost of 95% less that traditional photography. This is because AI can be used to enhance the quality and accuracy of photographs, improving detail and sharpness, adjusting exposure, contrast and color balance as well as identifying and removing objects if required. Machine learning algorithms further assist by analyzing enormous datasets of images, identifying and differentiating between different objects and subjects. This can be used to create personalized image recognition tools that can help the AI identify certain scenes or objects and insert the 3D object into the scene creating an infinite amount of lifestyle photography and revenue potential.
This AI tool is expected to drive significant revenue for the company as each product listed for sale on an ecommerce platform requires a minimum of six 2D photos for listing, this offering allows the company to capitalize on this demand for 2D high res images while simultaneously increases the value of its 3D modeling business as it represents the all-in-one solutions for ecommerce sellers that sell on Amazon, Shopify and other platforms.
Evan Gappelberg, CEO of Nextech3d.ai, shares, "Having experienced the significant costs and time investments associated with traditional 2D product photography for ecommerce firsthand, I am thrilled to announce our innovative solution. Our new 3D to 2D digital photo studio leverages our proprietary AI algorithms to effortlessly generate high-quality 2K, 4K, and even 8K photos. This innovation isn't limited to ecommerce alone; it caters to industrial designers and anyone utilizing the Toggle platform for their 3D models."
With Nextech3D.ai's generative AI photo rendering users can effortlessly transform 3D models into ecomm-ready 2D images, regardless of their source or texture status. With the ability to generate up to 360 different angles, this technology offers unparalleled versatility. Previously the company was only offering static backgrounds, including white, black, or gradient options, the platform now can produce lifestyle photography. These dynamic 2D images not only enhance e-commerce presentations but also serve as invaluable tools for prototyping and visualizing diverse textures, styles, and materials. This feature holds immense potential for industry designers across manufacturing sectors, empowering them to prototype designs for products spanning furniture, automotive, machinery, and beyond.
The value proposition of using 3D models for ecommerce and ecommerce product photography lies in their ability to enhance the online shopping experience, streamline product visualization, and drive sales. Here are several key aspects of the value proposition:
1. Enhanced Product Visualization: 3D models offer a more immersive and detailed representation of products compared to traditional 2D images. Customers can interact with 3D models by rotating, zooming, and viewing them from different angles, allowing for a more comprehensive understanding of the product's design, features, and functionality.
2. Increased Engagement: Interactive 3D models capture the attention of online shoppers and encourage them to spend more time exploring products. This increased engagement can lead to higher click-through rates, longer session durations, and ultimately, a higher likelihood of conversion.
3. Reduced Return Rates: By providing customers with a more accurate representation of products through 3D models, ecommerce businesses can reduce the likelihood of returns due to mismatched expectations. Customers can better assess factors like size, color, and design before making a purchase, leading to more informed buying decisions and fewer disappointments upon receipt.
4. Customization and Personalization: 3D models enable ecommerce platforms to offer customization and personalization options to customers. For example, customers can configure products with different colors, materials, or design elements in real-time, allowing them to tailor products to their preferences before purchase.
5. Cost Savings: While creating high-quality 3D models initially requires investment, it can lead to cost savings in the long run. Once created, 3D models can be easily reused and repurposed for various marketing materials, product configurations, and virtual environments, eliminating the need for costly photoshoots and physical prototypes.
6. Adaptability to Emerging Technologies: 3D models are compatible with emerging technologies like augmented reality (AR) and virtual reality (VR), opening up new opportunities for immersive shopping experiences. By integrating 3D models with AR/VR applications, ecommerce businesses can allow customers to virtually try on products, visualize them in real-world settings, and make more confident purchase decisions.
7. Competitive Advantage: Embracing 3D models for ecommerce product photography can differentiate a brand from competitors and position it as innovative and forward-thinking. Providing customers with cutting-edge visualization tools and an engaging shopping experience can help attract new customers, retain existing ones, and build brand loyalty over time.
Explore the future of AI-driven photography with Nextech3D.AI. Contact Us Today!!
NEXCF - NexTech3D.AI Corp.
FILINGS AND DISCLOSURE
OTC Disclosure & News
PUBLISH DATE TITLE PERIOD END DATE STATUS
05/31/2024 OTCQB Certification 12/31/2023 A
https://www.otcmarkets.com/otcapi/company/financial-report/405158/content
The "Notification of Late Filing" filed on May 15, 2024 was a request
for the Quarterly Report. I hope SAPX files its quarterly report soon.
Ecomike, do you know if Thom Hazaert is still a director of Seven Arts Entertainment, Inc?
A press release announced his appointment as a director on August 1, 2023. The press release states, “These investments will be spearheaded by Mr. Hazaert, who will be taking a more active role in the direction of the company, going forward.”
Stated Seven Arts CEO, Jason Black: “After an extended period of silence due to a series of unforeseen obstacles, I look forward to pivoting toward allowing Mr. Hazaert to drive much of our operation and direction into our new fiscal year. I strongly believe our recent shift in Company direction will produce a strong phase of prosperity for Seven Arts and its shareholders.”
It would make sense to me if, Mr. Hazaert is still a director of the company, that the company would be in a blackout period. Mr. Black put Seven Arts in great hands. IMO, Seven Arts shareholders will have an amazing future.
What could have been the alternative? (Example) It would have been simple for Lionsgate to buy as many shares as possible of SAPX on the open market for $0.002 and then Lionsgate would make an offer to buy the rest of the shares for $0.005.
I am interested in your thoughts.
NEXTECH3D.AI ANNOUNCES THE CLOSING OF MAP DYNAMICS SALE TO ARWAY.AI TO FOCUS ON PATENTED HIGH-MARGIN GENERATIVE AI-POWERED 3D MODELING TECHNOLOGY
TORONTO, O.N, Canada – May 28, 2024 - Nextech3D.ai (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a frontrunner in generative AI-powered 3D modeling technology for major e-commerce entities such as Amazon, Miele, P&G, Kohls, and Wesfarmers Group's "Bunnings," today announces its has closed its previously announced sale of Map Dynamics to ARway.ai as a strategic pivot towards becoming a specialized AI 3D firm. The company has divested its Map Dynamics business, a non-core floor plan mapping software unit, to ARway (OTCQB: ARWYF / CSE:ARWY), in exchange for $1.2 million or 4 million shares in ARway, entirely in stock. This move streamlines Nextech3D.ai's operations, focusing exclusively on its profitable AI-driven 3D modeling patented technology.
The divestiture not only advances Nextech3D.ai's position in 3D modeling and AI technology but also enhances ARway's financial standing, contributing approximately $1.2 million in revenue and $500,000 in free cash flow, bolstering its growing spatial mapping operations.
This strategic reorganization and focus on core competencies underline Nextech3D.ai's commitment to leading the evolution of digital commerce through advanced 3D modeling technologies.
NEXTECH3D.AI REPORTS Q1 2024 REVENUE OF $1,024,000 WITH GROSS PROFIT MARGIN OF 51% OR $526,212 A +70% JUMP OVER 2023
Q1 Highlights
• Multiple Breakthrough Generative AI Patents Issued
• Year Over Year Margin Improved by + 70%
• Cost-cutting measures reduced operating loss by 47%
• The company is Exclusively focusing on large enterprise contracts which are anticipated to have a major impact on the business's future quarters
TORONTO, O.N, Canada – May 24, 2024 - Nextech3D.AI (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a frontrunner in generative AI-powered 3D modeling technology for major e-commerce entities such as Amazon, Miele, P&G, Kohls, and Wesfarmers Group's "Bunnings," other major e-commerce retailers report its unaudited financial and operating results for its first quarter ended March 31, 2024.
CEO Evan Gappelberg comments " I am pleased to present our financial and operational performance for the first quarter of 2024. Despite a slight year-over-year decline in revenue to $1,024,000, we have made significant strides in improving our profitability and operational efficiency through strategic cost-cutting measures and investments in technology. He continues, "In Q1 2023 we had operational expenses of $1.7 mill per month while in Q1 our operational expenses showed a dramatic improvement as it dropped to about $850,000. We are seeing additional operational improvements in Q2 which again will increase our profitability as we drive towards bringing in additional deals and becoming cash flow positive in 2024".
Financial Performance
Revenue: Our revenue for Q1 2024 stood at $1,024,000 million. While this represents a decrease compared to the same period last year, it is important to note the transformative steps we have taken to enhance our business model which will have a material impact on profitability the rest of the year 2024 and beyond.
Profit Margins: The most notable achievement this quarter has been the remarkable improvement in our profit margins. Through a combination of rigorous cost-cutting initiatives and strategic investments, particularly in AI technology and our operational move to India, we have seen our margins increase from 30% in 2023 to 51% in Q1 2024. This represents a 66% improvement.
This positive trend continues into Q2 2024, where we are projecting margins to reach 70-80%, a +166% improvement compared to 2023. This significant increase in profitability underscores the effectiveness of our strategies and our commitment to operational excellence.
Operational Highlights
3D Modeling Business: We continue to excel in our core 3D modeling business, delivering thousands of high-quality 3D models to our largest customer, Amazon, monthly. While Amazon remains our biggest client, we have diversified our customer base and are not solely reliant on them.
New Customer Acquisitions: In Q1, we had anticipated closing deals with several large enterprise S&P 500 companies. Although these deals have been deferred to Q2, we have successfully closed one major contract in Q2, which is expected to contribute an additional 10% to our Q2 revenue compared to Q1. Moreover, we are in advanced discussions with five enterprise customers, and we expect to finalize these agreements in Q2 and Q3 2024. We are now exclusively focused on large enterprise contracts which we anticipate will have a major impact on our business soon.
Strategic Initiatives
Our strategic move to India in late 2023 has been instrumental in enhancing our cost structure and scalability. The investment in AI technology has not only streamlined our operations but also positioned us at the forefront of innovation in the 3D modeling industry. These initiatives are critical to our long-term growth and competitive edge.
Notable News from Q1 2024
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.
Expansion of AI Tech Team and Office Space: Nextech3D.ai has expanded its AI tech team and doubled its office space in Hyderabad, India, in response to increasing demand for our GPT AI platform and 3D model production. This expansion is a testament to the growing recognition of our technological capabilities and our commitment to meeting the rising market demand.
Establishment of New Business Unit Targeting Jewelry Industry: On March 5, 2024, Nextech3D.ai established a new business unit led by a former META executive. This unit targets the jewelry industry with advanced GPT AI CAD-3D models, blockchain technology, and NFTs. This strategic move is expected to open new revenue streams and further diversify our business portfolio.
Formation of AI Incubator and AI Acquisition & Development Division: On March 12, 2024, Nextech3D.ai announced the formation of an AI incubator and AI Acquisition & Development Division. This division has the potential for a 2024 IPO spin-out, reflecting our commitment to fostering innovation and growth within the AI sector.
New Patent Issuance: We were granted a patent for our technology that generates three-dimensional (3D) models from two-dimensional (2D) images. This patent is pivotal to Nextech3D.ai's artificial intelligence technology, strengthening our intellectual property portfolio and reinforcing our competitive edge in the 3D model-making industry for eCommerce. This achievement validates our commitment to increasing shareholder value through investment in 3D-AI GPT patents and solutions.
In conclusion, while Q1 presented challenges in terms of revenue, our proactive measures have substantially strengthened our profitability and market position. We are optimistic about the future and are confident that the steps we have taken will yield significant benefits in the coming quarters.
PROACTIVE LINK TO Nextech3D.ai CEO Evan Gappelberg Discuss results of Q1, 2024 VIDEO INTERVIEW
https: //www.youtube.com/watch?v=ZLiTVLx7peg
Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to discuss the company's Q1 performance.
NEXTECH3D.AI DIVESTS MAP DYNAMICS TO FOCUS ON CORE 3D MODELING BUSINESS
Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to reveal the company's latest strategic maneuver: the divestment of its legacy business, Map Dynamics (MapD), through a shares-for-acquisition deal with ARway.ai. MapD, a renowned real-world mapping software firm, boasts an impressive client base of over 400 clients, generating $1.2 million in annual revenue and $250,000 in EBITDA over the past 12 months ending in March 2024.
May 21, 2024: Gappelberg joined Steve Darling from Proacte to reveal the company's latest strategic maneuver: the divestment of its legacy business.
https: //www.youtube.com/watch?v=bsDXYtoUxfQ
Gappelberg outlined that Nextech3D.ai's primary focus lies in the creation of 3D models for the e-commerce sector, leveraging generative AI technology. By shedding Map Dynamics, Nextech3D.ai solidifies its position as a dedicated AI-driven 3D modeling firm, a strategic direction Gappelberg has been steering towards for five years. This transition marks a pivotal moment for the company, enabling it to streamline its operations and concentrate on its core business, which caters to esteemed clients such as Amazon, Kohl's, Procter & Gamble, and Bunnings.
In terms of financial performance, Nextech3D.ai has witnessed significant improvements, with profit margins projected to soar from 30% in 2023 to an anticipated 80% in Q2. The divestiture of Map Dynamics is poised to further enhance Nextech3D.ai’s profitability and bolster its growth prospects. Moreover, Gappelberg teased forthcoming announcements slated for June 2024, including Nextech3D.ai's designation as a preferred 3D model supplier for Amazon. This development is expected to substantially elevate the company's business trajectory and is eagerly awaited by investors. Gappelberg expressed confidence in Nextech3D.ai's continued success as it capitalizes on emerging opportunities in the burgeoning field of AI-driven 3D modeling.
NEXTECH3D.AI SELLS MAP DYNAMICS TO FOCUS ON PATENTED HIGH-MARGIN GENERATIVE AI-POWERED 3D MODELING TECHNOLOGY
TORONTO, O.N, Canada – May 21, 2024 - Nextech3D.AI (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a frontrunner in generative AI-powered 3D modeling technology for major e-commerce entities such as Amazon, Miele, P&G, Kohls, and Wesfarmers Group's "Bunnings," today announces its strategic pivot towards becoming a specialized AI 3D firm. The company has divested its Map Dynamics business, a non-core floor plan mapping software unit, to ARway.ai (OTCQB:ARWYF)(CSE:ARWY), in exchange for 4 million shares valued at over $1mill based on Friday's closing price of $0.26/share. This transaction brings Nextech3D.ai's ownership stake in ARway.ai to almost 50% allowing it to share in a substantial amount of ARway.ai's and Map D's upside without having to manage the business itself day to day. This move streamlines Nextech3D.ai's operations, allowing the company to focus exclusively on its high margin-profitable generative AI-powered 3D modeling technology. The closing is expected to happen in the first half of June.
The divestiture not only advances Nextech3D.ai's position in 3D modeling and AI technology but also enhances ARway.ai's financial standing, contributing approximately $1.2 million in revenue and about $250,000 in free cash flow, bolstering its growing spatial mapping operations creating a win-win combination for shareholders of both companies.
This strategic move allows the company to focus on further developing its core competencies in 3D and generative AI and underlines Nextech3D.ai's commitment to leading the evolution of digital commerce through advanced 3D and AI modeling technologies.