Nextech3D.ai sees the e-commerce industry’s shift towards 3D models accelerating as major e-commerce platforms abandon 360° Spin in favor of 3D-AI and augmented reality (AR) technologies

The e-commerce industry is witnessing a paradigm shift with the integration of 3D and AR technologies

TORONTO, ON / ACCESSWIRE / June 18, 2024 / Nextech3D.AI (OTCQB:NEXCF)(CSE:NTAR)(FSE:1SS), patented AI-powered 2D-3D Generative AI model provider (patent no. 11,948,248) for Amazon, Miele, P&G, Kohls, Wesfarmers Group “Bunnings” and other major E-commerce retailers are seeing accelerating growth in the industry in which they operate. As a pioneer of 3D and augmented reality (AR) technology, the company is at the forefront of transforming the e-commerce landscape. As online shopping evolves, Nextech3D.AI’s AI solutions are transforming the way consumers interact with products, helping usher in a new era of immersive and interactive e-commerce shopping experiences.

3D and AR transformation in e-commerce:

The e-commerce industry is witnessing a paradigm shift with the integration of 3D and AR technologies. These innovations are redefining the online shopping experience by offering consumers a more immersive and realistic way to explore products. Recently, Amazon stopped using 360° technology and focused on the transformative potential of 3D and augmented reality (AR).¹. At this year’s AWE USA2024 The conference includes presentations on the use of 3D and AR and the effective building of 3D models. Here are some key sessions that we at Nextech are excited about:

Unlock the future of shopping: Navigating the 3D and AR revolution on Amazon

Rendering trustworthy 3D assets for e-commerce

As we see more and more e-commerce ecosystems shifting towards 3D and AR, at Nextech we are well positioned to take advantage of this shift as we have already built large-scale systems for 3D and AR creation. The most important benefits of this technological revolution include:

Improved product visualization: 3D models and AR experiences allow customers to view products from every angle, providing a comprehensive understanding of their features and aesthetics. This level of detail helps bridge the gap between online and in-store shopping.
Better customer engagement: Interactive 3D and AR experiences create a more engaging shopping journey, keeping customers on websites longer and increasing the likelihood of purchase. The immersive nature of AR can turn shopping into a pleasant and memorable experience.
Reduced rates of return: By enabling customers to visualize products in their own environment, AR helps ensure that their shopping experience meets their expectations. This can significantly reduce the number of returns, saving time and costs for both consumers and retailers.
Personalized shopping experiences: AR technology allows for the provision of personalized recommendations and virtual try-ons, tailoring the shopping experience to individual preferences and needs. This personalization increases customer satisfaction and loyalty.

The role of Nextech3D.AI in the transformation of e-commerce:

Nextech3D.AI is at the vanguard of this technological transformation, offering a suite of innovative solutions that enable e-commerce companies to realize the full potential of 3D and AR:

State-of-the-art 3D modeling: Nextech3D.AI creates hyper-realistic 3D models that can be easily integrated into e-commerce platforms. These models provide an unmatched level of detail and accuracy, improving product visualization and customer confidence.
Seamless AR integration: The company’s AR solutions enable customers to visualize products in their own space using smartphones or other devices. This feature is particularly beneficial for furniture, home furnishings and clothing retailers by allowing virtual try-on and placement.
Content creation based on artificial intelligence: Nextech3D.AI’s AI-powered tools streamline 3D and AR content creation, making it accessible and profitable for businesses of all sizes. This technology is accelerating the adoption of immersive shopping experiences.
Customizable AR applications: The company offers tailor-made AR applications tailored to the unique needs of each retailer. These applications may include features such as virtual showrooms, interactive product demonstrations, and personalized recommendations.

Actions for services

The Company also announces today that in order to manage cash flows and reduce or possibly eliminate its dependence on raising capital for payroll, it has renewed the share purchase warrant program originally announced last year, under which it will issue a total of 9,000,000 share purchase warrants (“Warrants”). to their service providers in connection with their employment and/or consultancy arrangements with the Company. Each Warrant will be exercisable to purchase one common share of the Company (the “Underlying Share”) at an exercise price of CDN$0.125 for a period of one year. The Warrants will be automatically exercised in equal monthly tranches, proportionally over the term of the Warrants, and the exercise price will be covered by the monthly remuneration payable by the Company to the recipients of the Warrants. Upon exercise, recipients of the Warrants may elect either to receive the Underlying Shares or to participate in a managed sale program to sell the Underlying Shares on the open market and receive the cash proceeds. Any shortfall resulting from participation in such a managed sales program will be financed by the Company.

¹https://www.channelmax.net/article/mazon-shifts-from-360-degree-images-to-3D-models-for-product-listings

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For further information please contact:

Nextech3D.ai
Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)

About Nextech3D.ai

Nextech3D.ai or “The Company” (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS) is a multi-faceted augmented reality and artificial intelligence technology company that uses its proprietary artificial intelligence (AI) to create immersive 3D experiences at large scale for E-COMMERCE. The company mainly focuses on creating high-quality photorealistic 3D WebAR models for Amazon and various other online retailers using its patented 2D-3D technology. Nextech3D.ai has taken a unique approach to creating shareholder value beyond the operational activities of creating 3D models.

The company also develops or acquires breakthrough artificial intelligence technologies, which are then transferred to shareholders as stand-alone public companies. This spin-off strategy allows Nextech3D.ai to issue stock dividends to its shareholders while retaining significant ownership in a public spin-off, without diluting Nextech3D.ai’s parent company.

Notably, on October 26, 2022, Nextech3D.ai successfully spun off its spatial computing platform “ARway” (OTCQB: ARWYF | CSE: ARWY | FSE:E65) as a stand-alone public company. The company retains a 49% stake in the 13 million shares of ARway Corp. with the distribution of 4 million shares to Nextech shareholders.

Similarly, Nextech3D.ai completed its second spin-out by launching Toggle3D.ai (OTCQB: TGGLF | CSE: TGGL | FSE: Q0C ), an AI-powered 3D design studio that aims to compete with Adobe. The company retains a 44% stake in the 13 million shares of Toggle3D.ai Corp.

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Forward-looking statements

CSE has not reviewed and is not responsible for the adequacy or accuracy of this release.

Certain information contained herein may constitute “forward-looking information” under Canadian securities laws. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “will” 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 involve 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 information. Nextech will not update any forward-looking statements or forward-looking information that is incorporated herein by reference, except as required by applicable securities laws.

SOURCE: Nextech3D.ai

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