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 signed several new contracts in the events industry, reflecting the growth the company has been experiencing. NEXCF has seen more than 70% growth rate thus far in 2022, with accelerating sales in new categories; the company noted that it anticipates new web 3.0 products to drive continued sales growth for the remainder of the year. The new deals are coming from the Map D division of Nextech AR for its self-serve event management software solution. The company also noted that it is testing and seeing early success with a significant breakthrough in scaling the creation of spatial maps for events, particularly augmented reality (“AR”) wayfinding by using Map D technology for its ARitize Maps product. “The Map D platform is transforming and shifting toward Web 3.0 and seeing accelerating revenue growth with the integration of Nextech AR’s metaverse suite,” said Nextech AR CEO Evan Gappelberg in the press release. “By integrating Map D with ARitize Maps, ARitize 3D and ARitize Holograms, we are able to maximize the potential revenue with each of our clients and offer immersive experiences that transform industries, including real estate, museums, sporting venues and more. The Map D platform continues to grow, release new features, sign new clients, and generate accelerating revenue. Our aim is to upsell and cross sell Map D’s existing and new blue-chip clients by offering full end-to-end solutions, which provide engaging and immersive experiences that their customers want.”
To view the full press release, visit https://ibn.fm/eBa1k
About Nextech AR Solutions Corp.
Nextech AR Solutions is the engine accelerating the growth of the Metaverse. Using breakthrough artificial intelligence (“AI”), Nextech AR is able to quickly, easily and affordably ARitize, or transform, vast quantities and varieties of existing assets at scale making products, people and places ready for interactive 3D use, and giving creators at every level 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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