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Nextech3D.AI Corp
Symbol NTAR
Shares Issued 133,973,275
Close 2024-09-04 C$ 0.105
Market Cap C$ 14,067,194
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Nextech3D.AI receives 3-D model generation patents

2024-09-04 16:32 ET - News Release

Mr. Evan Gappelberg reports

NEXTECH3D.AI SECURES THREE NEW PATENTS FOR AI-POWERED 3D MODEL GENERATION ALGORITHMS

The U.S. Patent and Trademark Office (USPTO) has granted Nextech3D.AI Corp. three new patents for innovative AI-based algorithms designed for 3-D (three-dimensional) model generation.

These new patents are part of Nextech3D.AI's growing portfolio, which now includes a total of five patents in the field of 3-D modelling. This achievement underscores the company's dedication to enhancing shareholder value through cutting-edge AI-powered solutions in 3-D technology.

The newly granted patents cover advanced AI algorithms that provide the most scalable and efficient methods for generating 3-D models from a variety of input sources. These algorithms give Nextech3D.AI a competitive edge, enabling the creation of scalable, cost-effective and time-efficient solutions for its customers.

The new patents include:

  • 3-D model generation from two-dimensional (2-D) images;
  • Material estimation for 3-D modelling;
  • 3-D model assembly.

As the global 3-D and augmented reality (AR) market in e-commerce continues to grow, over the next five years, Nextech3D.AI is strategically positioned to capitalize on this trend. The company's patented AI algorithms will play a crucial role in delivering scalable and efficient solutions to meet the increasing demand for 3-D models in digital retail.

Evan Gappelberg, chief executive officer of Nextech3D.AI, commented: "We are at the forefront of a technological change where AI, AR and 3-D model creation are set to become foundational technologies shaping our future. With these patents, Nextech3D.AI is well positioned in the market and focused on delivering substantial value to our shareholders."

The patent approvals are a testament to Nextech3D.AI's technological capabilities and reinforce the company's commitment to driving the future of 3-D technology through innovation and AI.

About Nextech3D.AI Corp.

Nextech3D.AI is a versatile augmented reality and AI technology company that utilizes its proprietary artificial intelligence to craft immersive 3-D experiences at scale for e-commerce. The company's primary focus lies in creating high-quality 3-D WebAR photorealistic models for Amazon and various other on-line retailers.

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