NEXCF - InvestorNewsBreaks - Nextech3D.ai (CSE: NTAR) (OTCQX: NEXCF) (FSE: 1SS) Lands $1.8M Deal Demonstrating Scalability of Its Technology
Nextech3D.AI (CSE: NTAR) (OTCQX: NEXCF) (FSE: 1SS), a generative AI-powered 3D model supplier for major e-commerce retailers, today announced a significant $1.8 million 3D modeling contract with a major enterprise client. The deal provides significant revenue to be delivered in 2024 for the company and showcases Nextech3D.ai’s position as an industry leader for 3D modeling in the $6.3 trillion e-commerce market*. “Nextech3D.ai has been at the forefront of the massive shift from 2D static images to 3D immersive experiences, utilizing augmented reality and cutting-edge generative AI technology to create photo-realistic 4K 3D models that cater to the specific needs of major e-commerce companies. Nextech3D.ai is seeing demand from around the globe and is currently negotiating with three additional enterprise clients that are in the six and seven figure range,” said Nextech3D.ai CEO Evan Gappelberg. “This $1.8 million deal is not just a testament to Nextech3D.ai’s technological prowess but also to the rapidly growing importance of 3D modeling in e-commerce and demonstrates the scalability and adaptability of Nextech3D.ai’s technology. We are focused on large enterprise deals in an effort to ramp up our revenue base and solidify Nextech3D.ai’s position as a leader in the field of 3D and AI for e-commerce.”
To view the full press release, visit https://ibn.fm/0LNGJ
About Nextech3D.ai
Nextech3D.ai is a versatile augmented reality and AI technology company that utilizes its proprietary artificial intelligence (“AI”) to craft immersive 3D experiences at scale for e-commerce. The company’s primary focus lies in creating high-quality 3D WebAR photorealistic models for Amazon and various other online retailers. Nextech3D.ai has adopted a unique approach to creating shareholder value beyond its operating business of creating 3D models. The company also develops or acquires disruptive AI-technologies, which are subsequently spun out to shareholders as standalone public companies. This spin-out strategy allows Nextech3D.ai to issue stock dividends to its shareholders while maintaining significant ownership in the public spin-out, without dilution to the parent company Nextech3D.ai. For more information about the company, visit www.NextechAR.com.
*https://www.statista.com/statistics/379046/worldwide-retail-e-commerce-sales/
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