23:52:24 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Nextech3D.AI Corp
Symbol NTAR
Shares Issued 133,973,275
Close 2024-04-26 C$ 0.125
Market Cap C$ 16,746,659
Recent Sedar Documents

Nextech3D.AI joins GlassDollar supplier network

2024-04-29 11:12 ET - News Release

Mr. Evan Gappelberg reports

NEXTECH3D.AI IS PARTICIPATING IN THE SUPPLIER NETWORK OF GLASSDOLLAR, WHICH EXTENDS NEXTECH3D.AI REACH TO LARGE CORPORATIONS, SUCH AS SIEMENS, LG, BSH, INFINEON

Nextech3D.AI Corp. has entered a collaboration with GlassDollar. This collaboration highlights the demand for Nextech3D.ai's innovative solutions from large corporations-including CAD to 3D texturing, 3D photo rendering, data analytics, generative AI, spatial computing, and 3D cloud hosting. Through this collaboration Nextech3D.ai is participating in the supplier network of GlassDollar, which extends Nextech3D.ai reach to large Corporations, such as Siemens, LG, BSH, Infineon and more.

Nextech3D.ai, along with its subsidiaries Toggle3D.ai and ARway.ai, is excited to be invited to bring its advanced technologies to this collaboration. This collaboration serves to both enhance GlassDollars product offerings to meet the specific needs of GlassDollar's clients while establishing potential new relationships and revenue streams for Nextech3D.ai.

Evan Gappelberg, CEO of Nextech3D.ai, stated, "Working with GlassDollar provides a seamless avenue for innovative tech startups like Nextech3D.ai, Toggle3D.ai and ARway.ai to engage with large enterprises, in a frictionless environment. He continues "GlassDollar's ability to pair our solution directly with large corporations that are looking for the same solution is a breath of fresh air. They have done the hard work of finding a potential customer but they don't stop there...they continue to foster the business relationship by setting up follow up calls and making further introductions all while being professional, diligent and proactive through the entire process. We are thrilled about this collaboration and look forward to fostering a long-lasting relationship.``

After markets close on Monday, April 29, 2024 the company will release its audited full year and fourth quarter 2023 financial results

In February, the Company released the preliminary unaudited results showing strong annual revenue growth of +56% to $5 million compared to $3.2 million in 2022. Annual gross profit margin for 2024 is estimated at 30% with the Company's pivot to India in Q4, 2023. Thank you to all of our customers, employees, suppliers, shareholders and supporters who helped us achieve a great 2023.

Subsequently, Nextech will host a conference call to discuss the full year and fourth quarter 2023 results Monday, April 29, 2024 at 5:00 PM Eastern Time. Please join Evan Gappelberg, Chief Executive Officer, and Andrew Chan, Chief Financial Officer, to discuss these financial and operating results as well as a 2024 business outlook- cost cutting -and cash flow followed by a question and answer period.Preliminary Annual 2023 Financial Highlights

2023 Annual revenue growth of 56%

2023 Annual revenue of $5 million compared to $3.2 million in 2022

70,000 3D models created 12/32/2023.

Conference Call Details:

Title: Nextech3D.ai Full Year 2023 and Q4 2023 Financial ResultsCall Date: Monday, April 29, 2024Time: 05:00 PM (GMT-04:00) Eastern Time (US and Canada)Participant Details:North America Toll-Free: (888) 330-2024North America Toll: (646) 960-0187International Toll: +1(646) 960-0187Conference ID: 7778367Webcast Attendee URL: https://events.q4inc.com/attendee/810085104

For those unable to join the live event, a recording of the presentation will be posted on the Company's Investor Relations website.

Recent NewsNextech3D.ai Releasing New 3D GPT-AI For Toggle3D.ai The "All-IN-ONE 3D Platform"

Nextech3D.ai Issued Pivotal AI Patent from USPTO for Generating 3D Models from 2D Images

Nextech3D.ai Receives Notice From USPTO To Be Granted Pivotal AI Patent for Generating 3D Models from 2D images

Sign up for Investor News and Info - Click Here

For further information, please contact:

Investor Relations Contact

Julia Violainvestor.relations@nextechar.com

Nextech3D.ai

Evan GappelbergCEO and Director866-ARITIZE (274-8493)

About Nextech3D.ai

Nextech3D.ai or the "Company," (OTCQX:NEXCF)(CSE:NTAR)(FSE:1SS), is a versatile augmented reality and AI technology company that utilizes its proprietary artificial intelligence (AI) to craft immersive 3D experiences at scale for E-COMMERCE. The Company's primary focus lies in creating high-quality 3D WebAR photorealistic models for Amazon and various other online retailers with patented 2D-3D technology. Nextech3D.ai has adopted a unique approach to creating shareholder value beyond its operating business of creating 3D models.

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

Notably, Nextech3D.ai successfully spun out "ARway," (OTCQB:ARWYF)(CSE:ARWY)(FSE:E65) its spatial computing platform, as a standalone public company on October 26, 2022. The Company retains a 49% stake with 13 million shares in ARway Corp. while distributing 4 million shares to Nextech shareholders.

Similarly, Nextech3D.ai accomplished its second spin-out launching Toggle3D.ai, (OTCQB:TGGLF)(CSE:TGGL)(FSE:Q0C) an AI-powered 3D design studio aimed at competing with Adobe. The Company retains a 44% stake with 13 million shares in Toggle3D.ai Corp.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.