- Nextech3D.ai (NTAR) is announcing new 3D modeling deals across multiple industries
- Clients include Life Fitness, Bunnings, Dyson, and one of South Korea’s largest furniture retailers
- The company expects demand to continue into 2024 as it signs multi-year contracts
- CEO Evan Gappelberg spoke with Coreena Robertson about the news
- Nextech3D.ai is a diversified augmented reality and artificial intelligence technology company creating 3D experiences for the metaverse
- Nextech3D.ai (NTAR) opened with a gain of 1.49 per cent trading at $0.68 per share
Nextech3D.ai (NTAR) is announcing new 3D modeling deals across multiple industries.
Furniture and home goods
- One of South Korea’s largest furniture retailers, with the potential to expand to over 10,000 3D models this year
- Bunnings, the largest retailer of home improvement supplies in Australia and New Zealand, has added additional 3D models to its existing contract
- Dyson, a supplier of home products and accessories, has contracted for 3D models of some of their most popular products
- Globus, a German retailer, has ordered a large number of 3D models for its home goods and accessories products
- Surplus Furniture & Mattress signed a second contract for more 3D models of its furniture products
- William Wood Mirrors signed its 8th contract for additional 3D model SKUs
- City Furniture Canada will work with Nextech to showcase its most popular products as 3D models
- The Timber Line, a collection of locally handcrafted timber items, has signed on for additional 3D models of its most popular SKUs
Sports equipment
- Life Fitness has ordered 3D models of its fitness equipment
Specialty
- Solutions BKC Canada – Black Circles, an online tire retailer, has signed on for a 3D model tire
- TCM Enterprises – O2VAPE signed on for more 3D models of its products
Nextech views the deals as a testament to its major role in the $100 billion global 3D modeling market for e-commerce. It expects demand to continue into 2024 as it signs multi-year contracts.
Generative AI and patents
Last week, the company filed a provisional patent titled: “Generative AI for 3D Model Creation from 2D Photos using Stable Diffusion with Deformable Template Conditioning”.
The patent builds on the previous patent filed in November 2022: “Generating Three-Dimensional Models by Part” for creating complex 3D models by parts.
The AI technology underpinning these patents affords Nextech a leadership position in the 3D modeling for e-commerce industry and sets the stage for becoming cash flow positive.
CEO Evan Gappelberg spoke with Coreena Robertson about the news.
Nextech3D.ai is a diversified augmented reality and artificial intelligence technology company creating 3D experiences for the metaverse.
Nextech3D.ai (NTAR) opened with a gain of 1.49 per cent trading at $0.68 per share.