Mr. Evan Gappelberg reports
NEXTECH3D.AI SIGNS THREE-YEAR ENTERPRISE 3D MODELING AND AUGMENTED REALITY E-COMMERCE CONTRACT VALUED AT APPROXIMATELY $175,000
Nextech3D.AI Corp. has secured a three-year 3-D model e-commerce subscription agreement valued at approximately $175,000 for its ARitize3D platform.
The agreement covers 3-D product modelling, augmented reality e-commerce visualization, hosting and platform integration services for approximately 2,500 SKUs. Under the terms of the agreement, Nextech3D.AI will provide 36 months of ARitize3D platform hosting and 3-D visualization services, with payments of approximately $58,000 per year over the three-year contract term.
The contract relates to the company's 3-D modelling and augmented reality solutions for e-commerce product visualization, which enable retailers and brands to present products in interactive 3-D models and AR formats for on-line shopping environments.
The company notes that this agreement represents a subscription arrangement for ARitize3D platform services, including 3-D model hosting, AR visualization technology and e-commerce integration tools, and forms part of its continuing 3-D modelling and digital commerce technology operations.
Operational context
Nextech3D.AI continues to operate its 3-D modelling and AR e-commerce solution business alongside its primary strategic focus on artificial-intelligence-powered event technology platforms, including Eventdex event management software, Map D interactive event mapping and Krafty Labs experiential engagement solutions.
The company produces 3-D product models and augmented reality assets using AI-assisted production workflows and automated modeling tools, which are designed to reduce production time and associated labour costs.
Based on the company's current operating structure for ARitize3D hosting and platform services, management estimates that gross profit margins for these services are approximately 95 per cent although margins may vary depending on production scope, SKU volume and hosting requirements.
Revenue from ARitize3D agreements may include 3-D model creation, AR visualization services, platform hosting and subscription access, and is recognized in accordance with the company's revenue recognition policies.
Chief executive officer commentary
"This agreement reflects continued demand for 3-D product visualization and augmented reality technologies in the global e-commerce sector," said Evan Gappelberg, chief executive officer of Nextech3D.AI.
"While our primary focus remains on scaling our AI-powered event technology platforms, our 3-D modelling and AR e-commerce solutions continue to generate additional revenue through subscription-based platform services."
About Nextech3D.AI Corp.
Nextech3D.AI is building an AI-powered enterprise engagement operating system for the $1.5-trillion global event and experience economy. The company provides AI infrastructure for real-world experiences, enabling organizations to manage events, physical spaces and audience engagement through intelligent software platforms.
Nextech3D.AI serves over 1,000 customers, including small businesses and Fortune 1000 enterprises, through its ecosystem of platforms, including Eventdex, Map D and Krafty Labs, as part of its strategy to consolidate the fragmented event technology industry into a unified AI platform.
The company also utilizes blockchain technology as a fraud-resistant verification and certification layer, supporting applications such as blockchain-based ticketing, credential verification and digital event accreditation.
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