Mr. Evan Gappelberg reports

NEXTECH3D.AI EXPANDS PROFIT MARGINS AND SLASHES OVERHEAD COSTS AS IT OPENS OFFICE IN HYDERABAD INDIA

Nextech3D.AI Corp. has opened its office space in Hyderabad, India. This expands Nextech3D.AI's profit margins and dramatically reduces overhead costs, projected to save the company as much as $4-million annually. The company recently appointed Hareesh Achi as the new head of product operations to lead this initiative. Mr. Achi has worked at industry titans Microsoft and Meta for over a decade developing a deep-rooted understanding of managing big technology operations.

Hyderabad has been crowned by investors as India's next start-up powerhouse destination. "From 2014 to 2023, Hyderabad has emerged as a powerhouse in the Indian start-up landscape. Its start-up ecosystem now proudly boasts 4,369 tech start-ups."

As mentioned previously, the company has established Nextech3D Solutions India Pvt. Ltd., which is anticipated to increase profitability and reduce labour costs. The move to India is expected to generate significant additional cash flow for Nextech3D.AI by optimizing production processes and taking advantage of cost-effective resources in the region. With these initiatives and others, the company is positioning itself for enhanced profitability for years to come in a rapidly evolving market. This strategic shift aligns perfectly with Nextech3D.AI's commitment to delivering top-tier 3-D modelling and augmented reality solutions while maintaining a keen eye on profitability and fiscal responsibility for its valued shareholders.

Nextech's Mr. Achi is currently in India to launch operations. The company recently appointed Mr. Achi as the new head of product operations. Having worked at industry titans Microsoft and Meta for over a decade Mr. Achi has a deep-rooted understanding of big technology, coupled with extensive experience in building efficient, scalable and profitable technology operations. Mr. Achi is poised to play a vital role in enhancing Nextech3D.AI's profitability through operational effectiveness, and is heading the efforts in India.

Transition to high-scale production

The move to India comes in preparation as the company is now exclusively focused on high-scale production for its 3-D modelling business with Amazon and other enterprise accounts. The company has transitioned away from small e-commerce clients that require a limited number of 3-D models and is instead prioritizing large enterprise clients that demand thousands of models and high-scale production. This strategic shift is expected to bolster the company's revenue streams and contribute significantly to its overall growth and financial stability.

About Nextech3D.AI Corp.

Nextech3D.AI is a versatile augmented reality and artificial intelligence technology company that utilizes its proprietary artificial intelligence (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.

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