04:06:51 EDT Thu 28 May 2020
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or Name

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Nextech AR Solutions Corp
Symbol NTAR
Shares Issued 42,837,872
Close 2019-08-26 C$ 0.66
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Nextech to provide AR software to LA Police Gear site

2019-08-27 07:48 ET - News Release

Mr. Evan Gappelberg reports


Nextech AR Solutions Corp. has entered into an agreement with the LA Police Gear website. LA Police Gear was founded in 2001 by police officers and is now one of the top websites for police, military and tactical gear. Nextech will be providing LAPG with its augmented reality e-commerce solution for an initial nine products.

"We are excited to be working with such a great group of professionals at LA Police Gear and making augmented reality part of their customers' on-line shopping experience," comments Evan Gappelberg, chief executive officer of Nextech AR Solutions. He continues, "Our SaaS customer list continues to grow as our AR e-commerce solution continues to add tremendous value to the on-line shopping experience for a vast array of e-commerce businesses."

"When LAPG first got contacted by Nextech AR, we were immediately excited by the prospect of 3-D-AR on-line shopping," says Mark Hedman, chief executive officer of LAPG. "The largest barrier that on-line retailers run into is the customer not being able to touch and feel the product. With this technology, it gives our customers as close to a 'retail' experience as they can get without being in a store. With our customers, they need to make sure that what they are buying is going to work as often times their life is going to depend on it. With Nextech AR's technology integrated on our website, they will now be able to see if something is the right size, has the right features and will work for their load out, which is great."

Gartner reports 100 million consumers will shop in augmented reality on-line and in store by 2020. Nextech is building out its AR and artificial intelligence e-commerce offerings, which include using AI to create a guided and knowledgeable curator that can be programmed to be used for e-commerce or for education in the medical device market.

About Nextech AR Solutions Corp.

Nextech, the first publicly traded pure play AR company, began trading on the Canadian Securities Exchange on Oct. 31, 2018. Nextech has a two-pronged strategy for rapid growth including growth through acquisitions and growth of its omnichannel AR SaaS (software-as-a-service) platform called ARitize. Nextech has an exclusive licence to a portfolio of patents No. 7,054,831, No. 7,266,509 and patent-pending applications No. 15351508, No. 62457136, No. 62559487, related to interactive gaming, interactive advertising and augmented reality ("AR") technology.

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