Nextech3D.AI Corporation - NEXCF stock
OTC Symbol: NEXCF | OTC Tier: OTCQX International
About[edit]
Nextech3D.AI Corporation specializes in offering augmented reality technologies, wayfinding technologies, and 3D model services, with a primary focus on creating high-quality 3D WebAR photorealistic models for the leading ecommerce marketplace and other online retailers; the company was established in 2018 and is based in Toronto, Canada.[1]
History[edit]
Nextech AR Solutions Corp. was founded in 2018 and based in Vancouver, British Columbia, Canada. The company was established with a focus on providing businesses with advanced augmented reality technologies to enhance their engagement with customers and improve various aspects of their operations. [2] The name change to Nextech3D.AI occurred in September, 2023. In addition, Nextech3D Solutions India Private Limited was created to lower production costs and while moving to greater production. [3]
The company's primary goal is to leverage AR technology to create innovative solutions for e-commerce, education, training, and marketing. Nextech AR Solutions offers a range of products and services, including AR-enhanced e-commerce experiences, virtual events, AR advertising and marketing campaigns, and AR training solutions. Nextech AR Solutions has developed a proprietary AR platform called "ARitize™," which serves as the backbone for many of its offerings. This platform enables businesses to create and deliver AR experiences seamlessly across different devices and platforms.[4]
The company has been actively expanding its reach and client base through strategic partnerships, acquisitions, and continuous development of new AR solutions. It aims to be at the forefront of the AR industry and provide cutting-edge technology to businesses seeking to leverage augmented reality for growth and improved customer experiences.[4]
ARway.ai[edit]
ARway.ai was spun out from Nextech3D.ai in October, 2022. Nextech has a controlling interest in ARway.ai, holding 13 million shares, equivalent to a 50% ownership stake.[5]
ARway.ai is a spatial computing platform driven by artificial intelligence (AI), offering a variety of augmented reality encounters within indoor environments. ARway's user-friendly, beacon-less IPNN (Indoor Positioning and Navigation Network) enables effortless generation of navigation systems, guided tours, data sharing, notifications, promotional content, and interactive gaming experiences.[5]
Funding[edit]
Private Placement in 2023[edit]
Nextech3D.AI has successfully completed the third portion of its previously announced private placement. During this phase, the company issued a total of 359,000 units at a rate of $0.12 per unit, generating total proceeds of $43,080. In total, across three separate tranches, the company has issued 9,157,722 units, resulting in combined gross proceeds of $1,098,926. Each unit consists of one common share of the company and one common share purchase warrant. These warrants grant the holder the option to acquire an additional share at a price of $0.17 per share within a 36-month period from the date of issuance.
- ↑ Yahoo Finance. NEXCF Stock Profile. Retrieved on 10/18/2023.
- ↑ Crunchbase. Nextech AR Solutions. Retrieved on 8/15/2023.
- ↑ Proactive Investors. Nextech3D.AI name change official; enters age of AI. September 28, 2023.
- ↑ 4.0 4.1 nextechar.com. Investors Overview. Retrieved on 8/15/2023.
- ↑ 5.0 5.1 GlobeNewswire. ARway.ai Launches Large Scale AI-Powered 3D Spatial Navigation Mapping. December 14, 2023.
