10:12:14 EST Tue 25 Feb 2020
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Nextech AR Solutions Corp
Symbol NTAR
Shares Issued 42,837,872
Close 2019-09-12 C$ 0.57
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Nextech AR to add webAR into Gunwerks site

2019-09-13 07:49 ET - News Release

Mr. Evan Gappelberg reports


Nextech AR Solutions Corp. has entered into an agreement with Gunwerks, a leading on-line supplier of high-end custom shooting systems, in order to provide its customers with the ability to preview the product through augmented reality, as part of the purchasing process.

"The team here at Gunwerks is always looking for unique and innovative ways to bring our customers incredible experiences," said Jay Duncan, marketing director at Gunwerks. "Now partnering with Nextech AR has enabled Gunwerks to provide our consumers a unique and immersive product experience in our digital e-commerce platform. The whole team here at Gunwerks is excited to see how our customers respond to having the ability to interact with our products on-line."

"We are excited to be working with Gunwerks since we strongly believe that integrating our webAR into their site will greatly enhance their customers on-line shopping experience and lead to more on-line customer conversions," comments Evan Gappelberg, chief executive officer of Nextech AR Solutions. He continues, "Our SaaS customer list continues to rapidly grow because our AR e-commerce solution continues to add tremendous value to the on-line shopping experience by converting shoppers to buyers for a vast array of e-commerce businesses."

"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's AR 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 AI 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 acquisition of e-commerce businesses and growth of its omnichannel AR SaaS 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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