Important News
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NEXTECH3D.AI GRANTED PIVOTAL AI PATENT FOR GENERATING 3D MODELS FROM COMPUTER-AIDED DESIGN (CAD) DATA
TORONTO, O.N, Canada – December 13 , 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 pleased to announce the grant of a patent by USPTO for 3D model generation from Computer Aided Design (CAD) data. Receiving this first patent, as part of the Company's previously announced portfolio of patents filed in 2022, reinforces and validates Nextech3D.ai's commitment to increasing shareholder value by investing in 3D technology and innovating with AI-powered solutions.
Link to the patent online at USPTO site: patent # 11823328
Nextech3D.ai CEO Evan Gappelberg commented, “The timing of this patent approval could not be better! In 2023, we are witnessing a paradigm shift in technology with AI, AR and 3D model creation becoming the next generation of foundational technology that shapes our future.” He continued, “With the approval of this pivotal AI patent we are perfectly positioned for this future and we are excited to deliver today’s tangible results and long lasting value for our loyal shareholders. I’m extremely excited about our future and expect to see more patents in our portfolio approved.”
This patent enables Nextech3D.ai to increasingly capture a larger share of the rapidly growing 3D model creation business. There is growing demand for 3D product models for real-life, with increasing adoption of virtual reality with the META Quest and augmented reality with Apple’s eagerly anticipated Vision Pro, which uses 3D models to display objects to users. Similarly, websites and mobile phones use 3D models to display products on e-commerce websites, which enables users to get a better sense of what the product looks like from all angles and perspectives.
Up until now, generating a 3D model was a time consuming process and required human intervention. However with Nextech3D.ai’s patented technology, if a user has a CAD model of the product they can easily create a 3D model of the product and texture it in just a few minutes, which increases productivity and reduces costs thus giving Nextech3D.ai a competitive advantage.
Nextech3D.ai has already been using this patented technology implemented in the Company’s Toggle3D product. In the Toggle3D platform, users as well as Nextech3D.ai itself can leverage this patented technology to convert CAD files into 3D designs and textures.
This patent approval recognizes Nextech3D.ai’s technology capabilities as the Company is leading towards the future with AI technologies and innovation. Receiving this patent reinforces Nextech3D.ai’s commitment to advancing 3D technology through innovation and AI-powered solutions.
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