Thursday, December 27, 2018 8:23:34 AM
https://www.prnewswire.com/news-releases/nextech-to-integrate-ibm-watsons-machine-learning-into-ai-for-ar-ecommerce-platform-300770909.html
VANCOUVER and TORONTO, Dec. 27, 2018 /PRNewswire/ - NexTech AR Solutions (the "Company" or "NexTech") (CSE: NTAR) (OTC: NEXCF) (FSE:N29) is pleased to announce that its development team has begun integrating IBM Watson's Machine Learning (ML) algorithms into its patent pending web enabled AR platform. With this integration NexTech is quickly building out a next generation, industry first, artificial intelligence (AI) based AR eCommerce solution. With AI the platform will now be able to offer scanning of the body, hands, and feet as well as facial features, to understand an individual shopper's style, sizes and preferences, as well as creating AR holograms acting as personal shopping assistants. The AR eCommerce platform is expected to exit beta and have a commercial launch in January 2019, with AI features beginning to rollout in February 2019.
"So far, AR has proven to be a very effective way to bring the in-store experience to the home in an engaging way, so rather than customers visiting a brick-and-mortar store, AR allows them to experience 3D products and services right in their homes," comments Evan Gappelberg, CEO of NexTech. He continues, "With AI and AR working together, the home shopping experience becomes complete, it becomes "intelligent," it's no longer just a 3D product view. With AI the product comes with a product expert seen as a hologram, as well as a virtual "try-on at home" platform for clothing, sneakers, hats, makeup, jewelry, eyewear and more, reducing returns by as much as 80% and increasing sales by as much as 3X...with AR and AI technologies working together on our AR eCommerce platform this feels like a truly revolutionary and magical moment for NexTech as it ushers in a new era of online shopping experiences."
According to Statista, global eCommerce sales in 2018 will hit over $2.8 trillion dollars with 60% occurring on a desktop computer and 40% happening on mobile devices. NexTech's web enabled AR eCommerce solution works on every browser including but not limited to Chrome, Firefox, and Safari and on every device including desktops, laptops, ipads, and all mobile phones. With a web enabled AR solution NexTech has eliminated the need to download an app which has been the biggest friction point of AR adoption.
With the integration of IBM Watson's ML offerings the NexTech AR web enabled platform will offer a full suite of advanced AI/AR mixed reality experiences. With one omni-platform having both AR and AI all three of the company's verticals; eCommerce, education and training, as well as AR live streaming will offer the full suite of AI/AR mixed reality product offerings.
About NexTech AR Solutions Corp.
NexTech is bringing augmented reality (AR) to the masses by creating an AR ecosystem featuring eCommerce solutions for websites, AR learning and education as well as AR live streaming for events. The company has filed a patent around its AR web-enabled eCommerce platform which has been integrated with Shopify, Wordpress and Magento. The AR can "go live" on any ecomm site with just a few lines of embed code creating a highly scalable platform. The global eCommerce industry is a $2.8 trillion-dollar marketplace and growing. NexTech has acquired its e-learning platform "edCetra" which has been used by Fortune 500 companies such as Imperial Oil, Bombardier and Staples, as well as the Library of Congress and others to educate and train employees. NexTech has added augmented reality ("AR") training and education options into the platform and expects to launch in 2019. The company is also working on bringing forth its AR live streaming platform for shows and live events. All of the company's platforms run off of one CRM which allows for its AR ecosystem to rise up. NexTech launched its ARitize™ app in August 2018, which is capable of hosting many brands 3D objects and augmented reality experiences. NexTech also owns a large and diverse revenue generating App Portfolio that is deployed on the iTunes and Google play store which it intends to ARitize™.
On behalf of the Board of NexTech AR Solutions Corp.
"Evan Gappelberg"
CEO and Director
Recent NEXCF News
- Nextech3D.ai Lands $1.8 Million 3D Modeling Deal with NASDAQ 100 Technology Company • InvestorsHub NewsWire • 02/13/2024 03:00:00 PM
- Nextech3D.ai Reports $5 Million or +56%Growth in 2023 Revenue Unaudited Results • InvestorsHub NewsWire • 02/08/2024 03:00:00 PM
- Nextech3D.ai Signs New 3D Modeling Contract with Enterprise Giant Global Industrial Company • InvestorsHub NewsWire • 01/30/2024 03:00:00 PM
- AI-Powered 3D Model Search Engine Delivers a 500% Productivity Increase • AllPennyStocks.com • 01/18/2024 05:30:00 PM
- Nextech3D.ai's Breakthrough AI Powered 3D Model Search Engine Now Delivering a 500% Increase in Productivity • InvestorsHub NewsWire • 01/18/2024 03:00:00 PM
- Apple's Vision Pro Release Driving Demand For ARway.ai's Spatial Computing Platform As it Signs New Deal with F3Geomatic • InvestorsHub NewsWire • 01/17/2024 03:00:00 PM
- Nextech3D.ai's AI Powered Search Engine Reports a Breakthrough 80% Increase In 3D Modeling Productivity • InvestorsHub NewsWire • 01/11/2024 03:02:41 PM
- Nextech3D.AI Expanding AI Patent Portfolio and Announces Six New 3D Modeling Contracts & Renewals • InvestorsHub NewsWire • 01/09/2024 03:00:00 PM
- Nextech3D.ai Builds Breakthrough AI Powered Search Engine To Scale 3D Model Production • InvestorsHub NewsWire • 01/04/2024 03:00:00 PM
- Nextech3D.ai Granted First in a Series of AI Patents for Generating 3D Models from Computer Aided Design (CAD) Data • InvestorsHub NewsWire • 12/13/2023 03:00:00 PM
- Nextech3D.ai Signs 3D Model Expansion Contract With Vornado Air LLC Bringing Its 3D Models Onto Amazon's Seller Central • InvestorsHub NewsWire • 12/11/2023 03:00:00 PM
- Nextech3D.ai Launches AI AD Network For Its Event Tech Platform Map DCEO to Demo Ad Network in Livestream TODAY at 2pm ET • InvestorsHub NewsWire • 12/07/2023 03:00:00 PM
- Nextech3D.ai Obtains New AI Tool Through Technology Transfer From Its Largest Customer • InvestorsHub NewsWire • 12/06/2023 03:04:56 PM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 12/01/2023 08:05:33 PM
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM