Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

Nextech3D.ai Files to Uplist on NASDAQ Capital Market and Signs Large Enterprise Renewal and Expansion Contract with Major Retailer for over 1000+ 3D Models

by July 12, 2023
July 12, 2023
Nextech3D.ai Files to Uplist on NASDAQ Capital Market and Signs Large Enterprise Renewal and Expansion Contract with Major Retailer for over 1000+ 3D Models

Formally Changes Name To Nextech3D.ai

Nextech3D.ai (the ‘Company’) (formally ‘Nextech AR Solutions Corp”) (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is pleased to announce that the Company has filed to change its name to ‘Nextech3D.ai” to better reflect its ongoing AI-powered business and intends to list its common shares on the to NASDAQ Capital Market. The Company plans to keep its Canadian CSE listing and be dual-listed in the USA and Canada as well as in Frankfurt. To this effect, the Company recently confidentially submitted a draft registration statement on Form F-1 to the U.S. Securities and Exchange Commission for purposes of a potential future offering of its securities in the United States. The Company is also pleased to announce a large enterprise customer that is part of the Wesfarmers, Stock symbol: WFAFY (OTCMKTS)one of Australia’s largest listed companies whose businesses include Bunnings, Kmart Group, Officeworks and others, has renewed and expanded its contract for over 1,000+ 3D models. This renewal follows the renewal and expansion contract with a major ecommerce brand for 3000 3D models, as well as the enterprise renewal contract with an S&P 400 company for over 5000 3D models. The Company believes that these enterprise renewal contracts, in addition to its multi-year supply agreement with Amazon, strengthens Nextech3D.ai’s position in the 3D models for the ecommerce industry

About Nextech3D.ai

(formally ‘Nextech AR Solutions Corp’ or the ‘Company’) (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2) is a diversified augmented reality, AI technology company that leverages proprietary artificial intelligence (AI) to create 3D experiences for the metaverse. Its main businesses are creating 3D WebAR photorealistic models for the Prime Ecommerce Marketplace as well as many other online retailers. The Company develops or acquires what it believes are disruptive technologies and once commercialized, spins them out as stand-alone public Companies issuing a stock dividend to shareholders while retaining a significant ownership stake in the public spin-out.

On October 26, 2022 Nextech3D.ai spun out its spatial computing platform, ‘ARway.ai’ as a stand alone public Company. ARway.ai is disrupting the augmented reality wayfinding market with a no-code, no beacon spatial computing platform enabled by visual marker tracking. Nextech3D.ai retained 13 million shares in ARway and distributed 4 million shares to Nextech3D.ai shareholders. ARway.ai is currently listed on the Canadian Securities Exchange (CSE:ARWY), in USA on the OTCQB (OTC:ARWYF) and Internationally on the Frankfurt Stock Exchange (FSE: E65).

On June 14, 2023, the Company completed its second spinout of Toggle3D.ai, a groundbreaking SaaS solution that utilizes generative AI to convert CAD files, apply stunning 4K texturing, and enable seamless publishing of superior 4K 3D models. Nextech3D.ai retained 13 million shares in Toggle3D.ai and distributed 4 million shares to Nextech3D.ai shareholders. Toggle3D.ai is trading on the Canadian Securities Exchange (CSE:TGGL) and in the USA (OTC:TGGLF).

To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn, and Facebook, or visit our website: https://www.Nextechar.com.

For further information, please contact:

Investor Relations Contact
Lindsay Betts
investor.relations@Nextechar.com
866-ARITIZE (274-8493) Ext 7201

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

Forward-looking Statements

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Certain information contained herein may constitute ‘forward-looking information’ under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, ‘will be’ 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 are subject to 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 forward-looking information. Nextech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

SOURCE: Nextech3D.ai

View source version on accesswire.com:
https://www.accesswire.com/766789/Nextech3Dai-Files-to-Uplist-on-NASDAQ-Capital-Market-and-Signs-Large-Enterprise-Renewal-and-Expansion-Contract-with-Major-Retailer-for-over-1000-3D-Models

News Provided by ACCESSWIRE via QuoteMedia

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
The Halftime Show: Screening for the Strongest Oversold Bullish Stocks
next post
What are Private Placements? (Updated 2023)

Related Posts

What are Gold Futures? (Updated 2023)

June 20, 2023

When is the Starlink IPO and Can You...

July 13, 2023

TomaGold signs agreements to acquire majority of Chibougamau...

August 15, 2023

6 Lithium-ion Battery Types (Updated 2023)

August 29, 2023

5 Top Weekly TSX Stocks: Arizona Metals Takes...

September 25, 2023

10 Top Cloud Security Companies (Updated 2023)

October 5, 2023

Lancaster Resources Receives Drill Permit Approval for Alkali...

April 30, 2024

Aclara Successfully Completes Semi-Industrial Scale Piloting for the...

September 7, 2023

5 Top Weekly TSX Stocks: Argonaut Gold Up...

August 21, 2023

First Copper Sulphate Shipment Completed

May 6, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Fed Watch: Key Bullish Patterns in the S&P 500, Utilities, and Crypto

    • Three Charts to Watch for an “All Clear” Signal

    • Use This Multi-Timeframe MACD Signal for Precision Trades

    • The Unpredictable Stock Market: How to Make Sense of It

    • Crypto Market Recap: New Hampshire Launches First State Crypto Reserve, Trump Stirs Controversy

    • SAGA Metals Extends Claims at the Radar Ti-V-Fe Project –Securing the Entire Titanomagnetite-Bearing Intrusion

    Categories

    • Business (1,181)
    • Investing (2,402)
    • Politics (3,699)
    • Stocks (1,551)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved