Mr. Evan Gappelberg reports

NEXTECH3D.AI LAUNCHES AI POWERED LIFESTYLE IMAGE GENERATOR SUPPORTING MAJOR ECOMMERCE PLATFORMS

Nextech3D.AI Corp. has launched new capability of AI-powered (artificial intelligence) lifestyle images using a 3-D (three-dimensional) model or even 2-D (two-dimensional) pictures and enhancing them with lifestyle backgrounds. In addition, the company is also now able to generate images that match the requirements of various ecommerce platforms with just a click of a button.

Evan Gappelberg, chief executive officer Of Nextech3D.AI, comments: "Our AI photography suite available within Nextech3D.AI and the Toggle platform enables merchants of Amazon, Etsy and eBay to render up to eight high-resolution images, from 1K to 4K, in just minutes with a simple click of a button. The platform also features a pay as you go credit system that makes purchasing 3-D models, meshes or 3-D product photography easy and affordable. We are seeing an enthusiastic response from our existing customers and new customers as well."

Key advantages of platform include:

• Low cost -- eliminate the need for expensive photo shoots;
• High quality -- produce images from 1K to 4K resolution;
• Instant results -- create stunning images in minutes;
• Versatile angles of the product -- generate images in any orientation, no need for green screens;
• E-commerce ready -- perfect for showcasing products on-line;
• Effortless customization -- easily create diverse images with multiple backgrounds.

This new AI-powered lifestyle solution is an affordable and efficient alternative to costly photo shoots, allowing businesses to produce professional-grade photos that highlight unique features and present products in real-world contexts. This capability is essential for creating a memorable and persuasive on-line shopping experience, leading to higher conversion rates and customer satisfaction.

e-commerce product photography market insights

According to Verified Market reports the e-commerce product photography market size was valued at $129-billion (U.S.) in 2023 and is expected to reach $275.4-billion (U.S.) by the end of 2030 with a CAGR (compound annual growth rate) of 11.6 per cent during the forecast period 2024 to 2030.

This growth is driven by the increasing importance of high-quality visuals in on-line retail, as businesses seek to enhance customer engagement and reduce return rates.

In the e-commerce industry, visualizing products effectively is crucial, significantly influencing the decision-making process of potential customers. High-quality product photography is proven to be a key factor in driving sales and building consumer trust. According to recent data:

• Product pages with high-quality images see a 30 per cent higher conversion rate than those with low-quality visuals.
• Consumer trust: Seventy-five per cent of on-line shoppers rely on product photos when deciding on a purchase.
• Return rates: Clear and accurate product images can reduce return rates by up to 22 per cent.
• Engagement metrics: Products with multiple images from different angles generate 65 per cent more engagement and interaction.

The company has renewed its previously established share purchase warrant program pursuant to which it will issue an aggregate of nine million share purchase warrants to its service providers in connection with their employment and/or consulting arrangements with the company. Each warrant will be exercisable to acquire one common share of the company at an exercise price of 10 cents for a period of one year. The warrants will be automatically exercised in equal monthly tranches on a pro rata basis over the term of the warrants and the exercise price will be satisfied by the monthly salaries otherwise payable by the company to the recipients of the warrants. Upon exercise, the recipients of the warrants may opt to either receive the underlying shares, or participate in a managed sale program to sell the underlying shares on the open market and receive the cash proceeds. Any shortfall as a result of participation in such a managed sale program will be funded by the company.

About Nextech3D.AI Corp.

Nextech3D.AI is a versatile augmented reality and AI technology company that utilizes its proprietary artificial intelligence (AI) 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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