Mr. Evan Gappelberg reports

NEXTECH3D.AI PARTNERS WITH PIXELLOID STUDIOS TO HIRE HUNDREDS OF 3D ARTISTS IN ITS NEW HYDERABAD, INDIA OFFICE IN ANTICIPATION OF RAPID 3D MODEL DEMAND GROWTH IN 2024

Nextech3D.AI Corp. has formed a partnership with Pixelloid Studios, a renowned creative studio specializing in 3-D content creation and animation for Disney and others. Pixelloid has already graduated over 3,000 students. Through this partnership, Nextech3D.AI is gaining access to a large talented and trained pool of students that have graduated from Pixelloid's advanced 3-D training program. This partnership represents an essential step in Nextech3D.AI's continuing efforts to address the increasing demand for 3-D models from Amazon and others.

Recognizing the surging demand for 3-D models and the necessity to scale production, Nextech3D.AI has strategically chosen Hyderabad, India, as the site for this expansion. Pixelloid Studios, which also has offices in Hyderabad, will play a pivotal role in this initiative by training a team of skilled 3-D model artists who will integrate seamlessly into Nextech3D.AI's work force in India. Nextech3D.AI sees these efforts as significantly enhancing its 3-D model production capacity at lower costs, thus positioning the company for success in 2024.

Pixelloid Studios is an award-winning 3-D animation and visual effects (VFX) company based in Hyderabad, India, known for its stellar contributions to the animation and VFX industry, with a portfolio that includes blockbuster movies and popular video games. The studio has consistently pushed the boundaries of creativity, delivering immersive and visually stunning experiences for audiences around the world.

As previously announced, Nextech3D.AI has successfully established Nextech3D Solutions India Pvt. Ltd., a strategic move designed to bolster profitability while concurrently optimizing labour costs. The company's shift to India is poised to generate substantial additional cash flow, chiefly attributed to the streamlining of production processes and the utilization of cost-effective resources available in the region. Nextech3D.AI is strategically positioning itself for sustained profitability in a dynamic market environment. This strategic pivot is in perfect harmony with Nextech3D.AI's unwavering commitment to delivering premium 3-D modelling and augmented reality solutions while maintaining a steadfast focus on profitability and fiscal responsibility, catering to the interests of its valued shareholders.

Last week, the company celebrated the grand opening of its office space in Hyderabad, India. This milestone marks a pivotal step in expanding Nextech3D.AI's profit margins and significantly reducing overhead costs, potentially resulting in annual savings of up to $4-million. Hareesh Achi, head of product operations, is spearheading this transformative endeavour. With over a decade of experience at industry giants such as Microsoft and Meta, Mr. Achi brings a profound and comprehensive understanding of managing substantial technology operations.

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.

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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