Mr. Evan Gappelberg reports

NEXTECH3D.AI SIGNS 3D MODEL EXPANSION CONTRACT WITH VORNADO AIR LLC BRINGING ITS 3D MODELS ONTO AMAZON'S SELLER CENTRAL

Nextech3D.AI Corp. has signed an expansion 3-D modelling contract with Vornado Air LLC, a leading American company that specializes in manufacturing and marketing air circulators, air purifiers, heaters and humidifiers. Nextech3D.AI was given select access to Amazon's seller central to bring certain customers' 3-D product models onto the Amazon e-commerce marketplace. The company is pleased to leverage its 3-D modelling expertise in support of both Amazon and its valued customers and sees significant growth potential with both.

Vornado Air is a repeat 3-D model customer, which has signed and completed five expansion contracts for additional 3-D models with the company. Nextech3D.AI has created over 100 models for Vornado Air thus far, all of which are live on Amazon and on the Vornado website. Vornado Air has also requested the creation of additional 3-D models which are exclusive products for Costco and Best Buy. This deal builds upon yesterday's significant announcement that Nextech3D.AI signed an enterprise 3-D modelling contract with Kabbani Funiture, considered the No. 1 furniture seller and manufacturer in Egypt.

As previously stated, Nextech3D.AI is a 3-D model supplier for Amazon as the e-commerce giant is in full swing in the transition from static 2-D product images to 3-D models.

In an article titled "5 Technology Predictions for 2023 and Beyond," Peter Vogels, chief technology officer and vice-president of Amazon, made a bold statement about 3-D models and the future of e-commerce, "Static 2-D product images on the Internet will become a thing of the past, replaced by 3-D models that you can pick up, rotate and place in your living room as seamlessly as you can see them in a web browser today."

Nextech3D.AI is making it possible to create photorealistic 3-D models as digital replicas of real-world products at scale for large enterprise customers and e-commerce giants like Amazon in the global $5.5-trillion dollar e-commerce market.

About Nextech3D.AI Corp.

Nextech3D.AI is a versatile augmented reality and AI (artificial intelligence) technology company that utilizes its proprietary AI to craft immersive 3-D experiences at scale for e-commerce. The company's primary focus lies in creating high-quality 3-D WebAR photorealistic models for Amazon and various other on-line retailers. Nextech3D.AI has adopted a unique approach to creating shareholder value beyond its operating business of creating 3-D models.

The company also develops or acquires disruptive AI technologies, which are subsequently spun out to shareholders as stand-alone public companies. This spinout strategy allows Nextech3D.AI to issue stock dividends to its shareholders while maintaining significant ownership in the public spinout without dilution to the parent company, Nextech3D.AI.

Notably, Nextech3D.AI successfully spun out ARway, its spatial computing platform, as a stand-alone public company on Oct. 26, 2022. The company retains a 49-per-cent stake with 13 million shares in ARway Corp. while distributing four million shares to Nextech shareholders.

Similarly, Nextech3D.AI accomplished its second spinout launching Toggle3D.ai, an AI-powered 3-D design studio aimed at competing with Adobe. The company retains a 44-per-cent stake with 13 million shares in Toggle3D.ai Corp.

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