- Nextech3D.ai (NTAR) has expanded into Asia with a major enterprise 3D modeling deal
- The multi-year deal, which involves thousands of product SKUs, highlights growing demand for Nextech’s generative AI technology for scaling the production of 3D models
- The company expects continued growth amidst ongoing active discussions with major brands and retailers around the world
- 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) last traded at $0.73 per share
Nextech3D.ai (NTAR) has expanded into Asia with a major enterprise 3D modeling deal.
The multi-year deal, which involves thousands of product SKUs, highlights growing demand for Nextech’s generative AI technology for scaling the production of 3D models.
The production of 3D models for ecommerce alone is estimated at $100 billion.
The company anticipates Q1 2023 will exceed sales in Q4 2022, amidst ongoing active discussions with major brands and retailers around the world.
Recent new and renewal 3D model contracts
- Kyocera, a leading electronics supplier, has contracted Nextech for 3D models of a cell phone
- Nextivity, a cellular solutions provider, has contracted Nextech for a 3D model of one of its popular routers
- Tectake, an international ecommerce company offering work, home, leisure and garden products, signed on for 3D models of its most popular items
- Vornado, a premier supplier of heating, venting and cooling products, has increased its 3D model contract
- Hammer, a strength training equipment retailer, has contracted Nextech for a number of models of its most popular gym equipment
The news follows last week’s patent filing strengthening the company’s existing IP for creating complex 3D models by parts, which underscores its leadership in the 3D modeling for ecommerce industry and sets it up for becoming cash flow positive.
Last month, the company also announced a breakthrough in 3D model texture creation, allowing for the recreation of high-quality 4K textures at scale from just small digital swatches in just seconds versus hours, representing a 720x increase in production speed.
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) last traded at $0.73 per share.
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