Mr. Evan Gappelberg reports

NEXTECH3D.AI RECEIVES NOTICE FROM USPTO TO BE GRANTED PIVOTAL AI PATENT FOR GENERATING 3D MODELS FROM 2D IMAGES

The United States Patent and Trademark Office (USPTO) has informed Nextech3D.AI Corp. its decision to issue a patent for its technology to generate three-dimensional (3-D) models from two-dimensional (2-D) images. This is another patent which the company believes is pivotal to Nextech3D.AI's artificial intelligence technology as it builds a moat around its 3-D model making for e-commerce business with industry expertise and intellectual property; which includes its GPT AI-powered 3-D model generation. This patent approval reinforces and validates Nextech3D.AI's commitment to increasing shareholder value by investing in 3D-AI GPT patents and solutions while simultaneously generating millions in annual 3-D modelling revenue.

USPTO has sent a letter to the company stating that the patent will be issued on April 2, 2024.

Nextech3D.AI continues to expand its market share of the swiftly growing 3-D model creation market. Across diverse industries, but especially within e-commerce, there is a mounting need for 3-D product models. As every user transitions from 2-D interfaces on phones and computers to increasingly immersive 3-D experiences, the demand for superior user engagement escalates. Nextech3D.AI's technology enables effortless transformation of 2-D images or content into 3-D using user-friendly software tools. With the surging integration of AR (augmented reality) and VR (virtual reality) technologies in various sectors, the company sees demand for 3-D content and materials continuing to rise for the foreseeable future.

Previously, generating a 3-D model entailed laborious processes and human involvement. Yet, with Nextech3D.AI's patented technology, users can swiftly convert a 2-D image or CAD model into a fully textured 3-D representation within minutes. This streamlined workflow not only enhances productivity but also slashes costs, granting Nextech3D.AI a distinct competitive edge in a large market.

Head of product operations at Nextech3D.AI Hareesh Achi commented: "I am thrilled to safeguard our intellectual property with these patents. It's a testament to our team of exceptionally talented AI engineers and 3-D designers who continuously contribute to the development of our groundbreaking products. We are strategically positioned to capitalize on the ongoing evolution of 3-D technology in the years ahead."

Nextech3D.AI innovations are streamlining all aspects of 3-D for both businesses and customers. Our GPT tools empower users to enhance productivity and swiftly create 3-D content."

Previous patents

In December, 2023, Nextech3D.AI announced the grant of a patent by USPTO for 3-D model generation from computer aided design (CAD) data.

This patent enables Nextech3D.AI to increasingly capture a larger share of the rapidly growing 3-D model creation business.

Attached is a list of the patent portfolio across Nextech3D.AI's group of companies.

About Nextech3D.AI Corp.

Nextech3D.AI is a versatile augmented reality and AI technology company that utilizes its proprietary artificial intelligence (AI) to craft immersive 3-D experiences at scale for e-commerce.

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