Nextech AR Solutions (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), a Metaverse company and leading provider of augmented reality (“AR”) experience technologies and services, is seeing e-commerce leaders accelerate their adoption of 3D models to drive growth in online sales space. With that backdrop, the company has inked multiple 3D model AR ecommerce deals across numerous industries, including many that are using 3D models for the first time. The new deals are expanding the company’s footprint in the ecommerce 3D modeling and AR space. According to the company, the global e-commerce industry is projected to reach $5.5 trillion in 2022, numbers based in the estimated 2 billion people worldwide who now shop online, with 50% of those shoppers using a mobile device. These consumer behaviors are fueling the demand for 3D visualizations and AR shopping. Nextech supports clients in providing a 3D model that enables their shoppers to interact with e-commerce sites in new ways that lead to 40% lower product returns, 93% higher click through rate and a 90% reduction in product photography costs. “These latest closing of these new deals in these new industries continues a substantial new revenue driver for the company with ARR and MRR contracts,” said Nextech AR CEO Evan Gappelberg in the press release. “The global megatrend of shopping online with ecommerce is rapidly expanding towards highlighting products in AR through 3D models. I believe that Nextech has positioned itself as the 3D model factory for the world, providing the most scalable, highest quality and affordable 3D models for ecommerce. Our reach into these new varied industries shows that we are not just creating one type of 3D model but many and that we are at the precipice of the potential growth for our technology solutions in all of the many retail sectors.”
To view the full press release, visit https://ibn.fm/I7Igm
About Nextech AR Solutions Corp.
Nextech AR Solutions is a Metaverse company that develops and operates augmented reality (“AR”) platforms, transporting three-dimensional (“3D”) product visualizations, human holograms and 360-degree portals to its audiences, altering e-commerce, digital advertising, hybrid virtual events, and learning and training experiences. Nextech funds the development of its AR and Metaverse growth initiatives through its e-Commerce platforms, which currently generate most of its revenue. Nextech’s e-commerce platforms include: vacuumcleanermarket.com (“VCM”), infinitepetlife.com (“IPL”) and Trulyfesupplements.com (“TruLyfe”). VCM and product sales of residential vacuums, supplies and parts, and small home appliances sold on Amazon. These e-commerce platforms serve as an incubator for developing and testing Nextech’s leading edge AR, AI and machine learning applications for powering next-generation e-commerce technology. For more information about the company, please visit www.NextechAR.com.
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