Nextech AR Solutions (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), a metaverse company and leading provider of augmented reality (“AR”) experience technologies and 3D modeling services for ecommerce brands, has released an update regarding the planned spin-off of ARway. According to the announcement, following the spinoff, which was announced earlier this year, ARway will be a standalone company and one of the first, if not the first, publicly traded, pure-play, no-code spatial computing platform for wayfinding that doesn’t require a CAPEX (“CAPEX”) in order to spatially map indoor spaces. Rather, the platform activates by using a QR code, which creates a more natural and reliant process as well as improving the user and creator experience. As part of the spin-off, Nextech has obtained conditional Canadian Securities Exchange (“CSE”) listing approval, has identified the new trading symbol the new company will use — ARWY — and anticipates trading will begin next month on the CSE. In addition, Nextech is working to trade in the United States on the OTCQB and Internationally on the Frankfurt Stock Exchange. As part of the process, the company has scheduled an Annual General Meeting (“AGM) for Oct. 12, 2022, where the move will be voted on. Nextech AR shareholders of record will receive a total of 4 million new shares in ARway on a pro-rata basis.
To view the full press release, visit https://ibn.fm/LORhY
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 (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 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 historically has funded 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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