Nextech3D.ai Establishes Nextech3D Solutions India Private Limited As It Moves to High Scale 3D Model Production Ahead of Record Demand
Nextech3D.ai Establishes Nextech3D Solutions India
Private Limited As It Moves to High Scale 3D Model
Production Ahead of Record Demand
TORONTO, O.N, Canada – Sept 19, 2023 - Nextech3D.AI (formally “Nextech AR
Solutions Corp'' or the “Company”) (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a
Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-
commerce retailers is pleased to announce that the Company is moving to high scale
production and in preparation it has established Nextech3D Solutions India Private
Limited, which is anticipated to increase profitability and reduce labor costs starting in
Q4, 2023. This strategic transition is anticipated to reduce expenses and significantly
enhance the Company's profitability and performance as it rolls out its AI solution. The
Company is gearing up for a record Q3 and Q4 and record 3D model growth in 2024. The
Company is now exclusively focused on high-scale production for its 3D modeling
business with Amazon and other enterprise accounts.
The Company has transitioned away from small e-commerce clients that require a limited
number of 3D models and is instead prioritizing large enterprise clients who demand
thousands of models and high-scale production. This strategic shift is expected to bolster
the Company's revenue streams and contribute significantly to its overall growth and
financial stability.
As recently announced, Nextech3D.ai hired former Microsoft and Meta Exec Hareesh
Achi to manage its 3D model productivity. Achi will lead establishing Nextech3D
Solutions India Private Limited which will enhance overall performance and profitability
for Nextech3D.ai. The focus on high-scale production and cost savings by setting up
operations in India will result in growing profit margins for the Company and improve
operational efficiencies. Mr. Achi's vast experience in the tech industry and his proven
track record of driving productivity and innovation make him the perfect candidate to
lead this transformative initiative.
The move to India is expected to generate significant additional cash flow for
Nextech3D.ai by optimizing production processes and taking advantage of cost-effective
resources in the region. With these initiatives and others, the Company is positioning
itself for enhanced profitability for years to come in a rapidly evolving market. This
strategic shift aligns perfectly with Nextech3D.ai's commitment to delivering top-tier 3D
modeling and augmented reality solutions while maintaining a keen eye on profitability
and fiscal responsibility for its valued shareholders.
Recent News
● Nextech3D.ai Announces Hire Of Former Microsoft, Meta Exec Hareesh Achi To
Manage Its 3D Modeling AI Productivity
● Nextech3D.ai Reports +157% Year to Date Revenue Growth
● Nextech3D.ai Announces New Production Record Having Delivered More Than 50,000
3D Models
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The Public Company CEO Experience Podcast
Nextech3D.ai has recently released “The Public Company CEO Experience Podcast,”
featuring Evan Gappelberg, a highly accomplished three-time public company CEO and
serial entrepreneur. The podcast offers listeners an exclusive behind-the-scenes look into
the dynamic life of a public company CEO with valuable insights, while also discussing
trending topics and providing business updates on Nexech3D.ai, Toggle3D.ai, and
ARway.ai. To learn more please visit: https://www.nextechar.com/investors/the-ceo-
experience
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About Nextech3D.ai
Nextech3D.ai, formerly known as "Nextech AR Solutions Corp" or the "Company,"
(OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), 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.
Notably, Nextech3D.ai successfully spun out "ARway," (OTCQB: ARWYF | CSE:
ARWY | FSE:E65 ) its spatial computing platform, as a standalone public company on
October 26, 2022. The Company retains a 49% stake with 13 million shares in ARway
Corp. while distributing 4 million shares to Nextech AR shareholders.
Similarly, Nextech3D.ai accomplished its second spin-out launching Toggle3D.ai,
(OTCQB: TGGLF | CSE: TGGL | FSE: Q0C ) an AI-powered 3D design studio aimed at
competing with Adobe. The Company retains a 44% stake with 13 million shares in
Toggle3D.ai Corp.
To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn, and
Facebook, or visit our website: https://www.Nextechar.com.
For further information, please contact:
Investor Relations Contact
Lindsay Betts
866-ARITIZE (274-8493) Ext 7201
Nextech3D.ai
Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)
Forward-looking Statements
The CSE has not reviewed and does not accept responsibility for the adequacy or
accuracy of this release.
Certain information contained herein may constitute “forward-looking information”
under Canadian securities legislation. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as, “will be” or variations of
such words and phrases or statements that certain actions, events or results “will” occur.
Forward-looking statements regarding the completion of the transaction are subject to
known and unknown risks, uncertainties and other factors. There can be no assurance
that such statements will prove to be accurate, as future events could differ materially
from those anticipated in such statements. Accordingly, readers should not place undue
reliance on forward-looking statements and forward-looking information. Nextech will
not update any forward-looking statements or forward-looking information that are
incorporated by reference herein, except as required by applicable securities laws.