• Nextech AR has announced the closing of a large deal with a multinational e-commerce brand
  • This contract will showcase the accelerating demand of Nextech’s state-of-the-art ARitize 3D factory
  • Nextech AR CEO Evan Gappelberg sat down with Caroline Egan to discuss the deal
  • Nextech AR is a leader in the rapidly growing augmented reality industry
  • Nextech AR Solutions Corp. opened trading at C$1.56 per share

Nextech AR has announced the closing of a large ARitize 3D deal with a multinational e-commerce brand.

The deal will provide the company with a growing base of MRR (Monthly Recurring Revenue) and showcase the accelerating demand of Nextech’s state-of-the-art ARitize 3D factory powered by AI and ML.

Nextech is contracted to produce 2,500 3D models to be distributed through the client’s online subsidiaries globally. This new contract validates Nextech’s 3D modelling at scale and the growing demand for 3D models and AR visualizations for e-commerce.

Nextech AR CEO Evan Gappelberg sat down with Caroline Egan to discuss the deal.

Nextech AR Solutions is a Metaverse company 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.

Nextech AR Solutions Corp. (NTAR) opened trading at C$1.56 per share.

More From The Market Online

@ the Bell: TSX gains on latest economic report

Mining stocks led gainers on the TSX, followed by the financial sector, while the telecom market was the biggest decliner.

The Market Online’s Weekly Cannabis Report – May 24, 2024

A global cannabis stock intends to raise up to US$250 million through an at-the-market equity program to fund its U.S. expansion plan.

@ the Bell: Tech growth powers NASDAQ to new high

The tech market was a key to success south of the border for the NASDAQ, which achieved a new record high on Thursday.