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, has filed four pivotal nonprovisional utility patents; the patents are regarding the company’s proprietary Aritize 3Dand ARitize CAD products. The company noted that filing the patents is a strategic move, further strengthening its IP position. The patents include the following: 3D model generation from 2D images, which covers core AI algorithms for creating 3D models automatically from 2D photos and is the core of Threedy tech; 3D model assembly, which covers the virtual assembly-line concept, which assists in scaling 3D content creation from 2D photos; material estimation for 3D modeling, which covers the AI/ML techniques for creating 3D textures and materials automatically from 2D reference photos; and 3D model generation from CAD data, which describes the technology and process Nextech has built to convert 3D CAD files and other solid designs into optimized 3D meshes suitable for real-time visualization on the Web and AR. “These patents represent the future of our IP and is a huge step forward for Nextech,” said Nextech CEO Evan Gappelberg in the press release. “Since the founding of the company we have been very strategic in strengthening our intellectual property position as we look to cement ourselves as the world’s leading 3D model factory. We are in the market and generating revenue with most of this technology today while we are building the groundbreaking, disruptive technology of tomorrow that is critical for 3D and AR experiences for the Metaverse. These patent applications are foundational as we lay the groundwork in preparation for the mass adoption of everything 3D. We are witnessing the fourth industrial revolution happen as the global demand for 3D/AR models is growing exponentially, and 3D technology is quickly transforming from a ‘nice to have’ to a ‘must have’ for brands and businesses particularly in the $5 trillion ecommerce industry.”
To view the full press release, visit https://ibn.fm/cBNi6
About Nextech AR Solutions Corp.
Nextech AR Solutions is the engine accelerating the growth of the Metaverse. Using breakthrough AI, Nextech AR is able to quickly, easily and affordably ARitize (transform) vast quantities and varieties of existing assets at scale making products, people and places ready for interactive 3D use, giving creators at every level all the essential tools they need to build out their digital AR vision in the Metaverse. The company’s platform agnostic tools allow brands, educators, students, manufacturers, creators and technologists to create immersive, interactive and the most photo-realistic 3D assets and digital environments, compose AR experiences, and publish them omnichannel. With a full suite of end-to-end AR solutions in 3D commerce, education, events and industrial manufacturing, Nextech AR is in a unique position to meet the needs of the world’s biggest brands and all Metaverse contributors. 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.
NOTE TO INVESTORS: The latest news and updates relating to NEXCF are available in the company’s newsroom at https://ibn.fm/NEXCF
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