Mr. Evan Gappelberg reports

NEXTECH3D.AI SHOWCASES ITS PATENT PENDING GROUNDBREAKING AI FOR FIXED POINT DIFFUSION OF 2D TO 3D MODEL CONVERSION

Nextech AR Solutions Corp. has successfully executed the first end-to-end demonstration in the real world of its fixed-point diffusion for robust 2-D to 3-D conversion technology to be used for e-commerce. Nextech uses fixed-point diffusion for learning to construct 3-D models from 2-D reference photos as was described in a recently filed provisional patent.

Diffusion models provide a solution for creating 3-D models from 2-D reference photos, either as a whole, or part by part by evolving differentiable, deformable templates to convert into 3-D parts, conditioned on one or more reference photos of the part. Fixed-point diffusion builds on that idea and ensures the resulting final mesh has clean, predictable quad topology suitable for further editing and rendering. As previously announced, over the past several years Nextech has been building tens of thousands of high-quality, fully textured, 4K photorealistic 3-D assets, with millions of individual parts. These 3-D parts get harvested into Nextech's 3-D parts library, synthetically rendering them from random views, and using them to train new diffusion models that are able to autonomously reconstruct 3-D mesh parts from reference photos.

In March of this year, the company announced it had filed a pivotal patent protecting this technology, titled "Fixed-point diffusion for robust 2D to 3D conversion and other applications." This patent builds on the company's previous patents filed. Earlier in 2023, a patent was filed titled "Generative AI for 3D Model Creation from 2D Photos using Stable Diffusion with Deformable Template Conditioning," and late last year the company filed a patent for creating complex 3-D models by parts. The game-changing artificial intelligence technology underpinning these patents places the company in a leadership position in the 3-D modelling for e-commerce space and positions the company to generate significant revenue acceleration and cash flow in 2023 and beyond.

Nextech is rapidly becoming the dominant 3-D model supplier in the 2-D photo to 3-D models transformation happening in the $5.5-trillion global e-commerce industry estimated to be worth $100-billion.

Nima Sarshar, chief technology officer of Nextech, commented: "We are very proud to demonstrate the first end-to-end real-world demonstration of our fixed-point diffusion technology for e-commerce. With the development of our fixed-point diffusion models, we are able to offer a new reliable and innovative way to generate 3-D models at scale from 2-D reference photos. Our recent patent applications and speedy developments based on them showcase our laser-focused determination to drive innovation in the field of generative AI for 3-D."

About Nextech AR Solutions Corp.

Nextech AR Solutions is a diversified augmented reality, AI technology company that leverages proprietary artificial intelligence (AI) to create 3-D experiences for the metaverse. Its main businesses are creating 3-D WebAR photorealistic models for the prime e-commerce marketplace as well as many other on-line 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 spinout.

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