Mr. Evan Gappelberg reports

NEXTECH3D.AI SIGNS LOI TO ACQUIRE DESIGNHUBZ EXPANDING ITS 3D & AR PORTFOLIO WITH TRY-ON TECHNOLOGY FOR WEARABLES

Nextech3D.AI Corp. has acquired an augmented reality (AR) try-on technology from Designhubz in an all-stock deal fo 500,000 shares at a deemed price of 10 cents per share. Designhubz is renowned for its all-in-one solution that creates, collaborates and shares immersive e-commerce experiences, allowing on-line shoppers to virtually try products before they buy. With the addition of Designhubz's technology, Nextech3D.AI is set to deliver immersive experiences, setting a new standard in the world of digital commerce.

AI-powered (artificial intelligence) style and size suggestions

From eyewear to shoes, Designhubz's 3-D and AR Web viewer tracks key information such as your shoppers':

• Facial and foot dimensions;
• Facial and foot features;
• Eye, skin and hair colour;
• Age, gender and ethnicity foot dimension;
• Age, gender and ethnicity.

Based on this information, the AI personalization engine is equipped to recommend the size that is right for them and suggest styles that shoppers similar to them have bought in the past.

Nextech3D.AI chief executive officer Evan Gappelberg commented: "We are excited about adding this technology into our Nextech3D.AI platform, which is already quite robust. However, with this acquisition, I believe we have completed our goal of becoming the end-to-end one-stop shop for e-commerce retailers and have dramatically expanded our market into the wearables AR 3-D growth segments." He continued: "We have been investing heavily in our technology over the past five years, which is evidenced by our portfolio of five patents for 2-D-to-3-D technology as well as our recognition from Amazon as their external 3-D model supplier. We are continuously looking to strengthen our position in the market and platform in 3-D and AR technologies and this acquisition complements our existing tech perfectly."

This strategic acquisition positions Nextech3D.AI's AI-driven 3-D modelling capabilities by offering a virtual shopping experience that includes try-on jewellery, try-on clothing, try-on sneakers and try-on glasses; this aligns with the growing consumer demand for interactive and personalized product visualizations. The integration of Designhubz's advanced AR technology will allow Nextech3D.AI's customers to not only visualize with 3-D models but also to provide the consumer with a seamless try-on experience, enhancing product engagement and boosting purchase confidence.

Unifying 3-D modelling and AR try-on for a seamless shopping experience

With the integration of Designhubz's AR technology, Nextech3D.AI is positioned to maximize the way consumers interact with products on-line. From fashion and beauty to automotive and real estate, Nextech3D.AI's unified platform will deliver highly realistic and interactive product visualizations, empowering users to explore and try on any product in the e-commerce landscape, giving Nextech3D.AI a competitive advantage over companies that only offer limited services.

Nextech3D.AI's platform will now offer a comprehensive suite of tools, including texture modelling, a marketplace for 3-D assets, AI-driven photo renderings and immersive AR visualizations. This powerful combination not only streamlines workflows but elevates the user experience, creating an all-encompassing hub for everything 3-D and AR.

In the fashion and beauty sectors, AR try-ons are redefining the customer experience by allowing users to experiment with virtual accessories and makeup. With the addition of Designhubz's technology, Nextech3D.AI is set to deliver immersive experiences, setting a new standard in the world of digital commerce.

About Nextech3D.AI Corp.

Nextech3D.AI is a versatile AR 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. Nextech3D.AI has adopted a unique approach to creating shareholder value beyond its operating business of creating 3-D models.

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

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