Nextech3D.ai (OTCQX: NEXCF / CSE:NTAR) is a diversified AR company, leveraging proprietary artificial intelligence (AI) to create 3D experiences for the $5.5 trillion ecommerce ecosystem led by Amazon.
Nextech was founded in January 2018, by Evan Gappelberg while envisioning AR to be a mega-trend. In order to see if he was right, he raised $3 million. With the funds and big plans, the company went public in 2018. Realizing he was early, Gappelberg pivoted and purchased a few ecommerce sites and a virtual event (VE) platform which grew exponentially along with the company’s stock price and market cap topping out at $700 million. When the 3D model business finally caught up to Nextech’s technology in 2022, Gappelberg divested the company of its legacy ecommerce and VE business and doubled down on AR/3D/AI to transition Nextech into the pure play technology company which was why he originally founded the company. Presently, the company is focused on both delivering 3D models to Amazon and developing or acquiring what it believes are disruptive technologies, commercializing and spinning them out as stand-alone companies that issue stock dividend to shareholders, while retaining a significant ownership stake in the public spin-out.
Perspective towards Innovation
Nextech3D.ai pushes towards innovation, using emerging technology to its advantage to reach underserved, emerging markets, while increasing its market share in the respective industries it serves. It currently has four companies under its belt: Nextech 3D.ai, ARway.ai, Toggle3D.ai and Nextech Event Solutions.
Nextech3D.ai started out as a tech company, providing augmented reality and 3D models for ecommerce solutions but was forced to pivot away from its mission to survive during the pandemic and then pivoted back again when the market was ready for its 3D technology. As part of this pivot the company acquired Threedy.ai (now known as ARitize3D) to increase their 3D creation model technology and focus on becoming a premier supplier of 3D models for Amazon and the ecommerce world. The company’s revolutionary generative AI technology creates 3D models, at scale with the highest quality. Its value prop recently spiked as it became the preferred supplier for Amazon.
Nextech3D.ai owns or operates the following companies:
The ARway(OTC: ARWYF/ CSE: ARWY) platform is AI-powered, providing AR experiences and navigation, indoors. It allows users to create experiences to navigate, tour, share information, notifications, advertisements and gamifications. ARway leverages the power of mobile devices to create environments that can improve visitors’ experience, boost employee productivity, increase engagement, create new advertising space, and boost revenue. Visitors can scan a QR code to access a venue map, navigate to any point of interest with step-by-step directions, learn information about those POIs, and interact with rich AR content and experiences along the way.
Toggle3D.ai (OTC: TGGLF/ CSE: TGGL) is an AR enhanced standalone web application that enables product designers, 3D artists, marketing professionals and ecommerce site owners to create, customize and publish high-quality 3D models and experiences without any prior knowledge on the subject. The company believes that Toggle3D is the first platform of its kind, and this break-through SaaS product is a potential game changer for the manufacturing and design industry. It provides a viable solution to convert large CAD files into lightweight 3D models at affordable prices.
Nextech Event Solutions
Nextech Event Solutions (NES), a cutting-edge event management platform providing industry-leading software to event professionals, special event venues, exhibitors, and commercial entities around the world. This cutting-edge application combines the current MapD event management solutions technology with ARway, the AI-powered Augmented Reality Navigation platform with a disruptive no-code and no-beacon spatial computing solution, creating an industry-first artificial intelligence combined solution for event management providers. The Company believes itself to be the only provider of the first-to-market technology, which leaves it to gain substantial market share in the $50 Billion global event industry.
Nextech’s Values & Principles
The Future of AI Opportunities
In February, Nextech3D.ai announced a major generative artificial intelligence (AI) breakthrough in 3D model texture creation. Generative AI is the basis of the technology that allows Nextech3D.ai to successfully create 3D models for ecommerce. The breakthrough enables the Company to take small digital swatches and recreate high-quality 4K textures in a matter of seconds versus hours, representing a 720x increase in production speed. This breakthrough in texture expansion technology will revolutionize the 3D modeling industry, and will give Nextech3D.ai a major competitive edge, further solidifying its leadership position in the global 3D model space. With this technology, Nextech3D.ai is revolutionizing and making it possible to create photo-realistic 3D models as digital replicas of real-world products for large enterprise customers.
Nextech’s Mission is to build the first vertically integrated AI powered 3D model factory for the $5.5 trillion dollar ecommerce market. This is to integrate AI as a core part of their technology and bring it to the forefront of their vision. It is the engine that powers their ability to scale production and provide the highest quality 3D models for ecommerce on the market today, all while being affordable. It is the parent behind ARway’s indoor navigation app; it allows Toggle3D to convert large CAD files into lightweight 3D models; it powers the Nextech Event Solutions software and app. Concluding, Artificial Intelligence as an essential part of their overall strategy for becoming the No. 1 provider of said services, worldwide.
A little insight into the CEO and Founder
Mr. Evan Gappelberg is an accomplished entrepreneur with extensive experience in creating, funding and running pioneering start-ups. He has global business experience both as a hands-on CEO and as a public company CEO. He currently serves as CEO and Founder of Nextech3D.ai (OTC- NEXCF) and as CEO of ARway (OTC- ARWYF) which are both publicly traded technology companies.
Mr. Gappelberg attained his capital market expertise in the 1990’s while working on Wall Street, funding IPO’s. Notably, he was instrumental in funding Take Two Interactive which has a recent valuation of around $20 billion NASDAQ: TTWO. While an entrepreneur on Wall Street where he was Co-founder and CEO of EG Products which he self-funded. While CEO, he went to China to setup manufacturing for the first LED light up toy which he patented, imported and distributed globally. He secured licensed deals with Disney, Universal Studios, and others while he built a retail national sales channel.
He was also co-founder and CEO of an app development company which created and published over 200 successful apps for both Apples iTunes store and the Google Play store.
His favorite quote is, “Whatever you can conceive, and whatever you believe, you can achieve.” -Napoleon Hill