NEXCF - Nextech3D.AI Expanding AI Patent Portfolio and Announces Six New 3D Modeling Contracts & Renewals | Benzinga
TORONTO, Jan. 09, 2024 (GLOBE NEWSWIRE) -- via IBN -- Nextech3D.AI (OTCQX:NEXCF) (CSE:NTAR) (FSE: 1SS), an AI-3D model supplier for major e-commerce retailers announces an uptick in sales with a series of six 2024 contracts, renewals from: CB2 - a division of Crate and Barrel, Artika, renowned for its avant-garde lighting solutions, Raptor Tactical, a designer and manufacturer of modern tactical equipment for Military, Police and other Law enforcement units, William Wood Mirrors, EOD Gear supplies, providing Tactical Gear to EOD Techs and Commands, SWAT, and City Grounds, and sees other growing sales opportunities in its 3D modeling pipeline. Nextech3D.ai anticipates continued momentum in 3D modeling demand to reinforce its position as a leader in the development and deployment of AI for in the 3D modeling industry for e-commerce. These contracts reflect a diverse range of industries, indicating the broad applicability and demand for Nextech3D.AI's services. The Company is continuing to develop patents around its proprietary technology while building and launching breakthrough AI for the mass scale of 3D models, which it sees as a significant growth market in 2024.
CEO Evan Gappelberg commented, "As we start the new year, I am very optimistic about the trajectory of Nextech3D.ai. When we look at the diverse range of contracts, renewals, and the enthusiastic interest we're receiving it reaffirms our conviction as AI/AR and 3D industry leaders. I'm especially pleased with our AI engineers who've created value for our business, which is evident by the recent launch of our AI-powered 3D model search engine tool." He continued, "We are actively building and launching new breakthrough AI for the mass scale of 3D models and continuing to apply for and develop new patents around our proprietary AI technology."
CB2
CB2 have agreed on a six figure expansion contract for an additional 500 3D product models. Additionally, they are renewing their hosting agreement to continue hosting 2500+ 3D product models on their website that Nextech previously created for them. CB2 is a division of Crate and Barrel, a major modern furniture and home decor retailer. In total, CB & CB2 operate approx 110 U.S. locations and 24 brick-and-mortar locations across North America.
View 3D product model of a couch on CB2 website: click here
Artika
Artika, renowned for its avant-garde lighting solutions, has not only renewed their contract for more 3D models but also extended their hosting agreement ...