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Nextech AR Solutions Corp
Symbol NTAR
Shares Issued 63,427,300
Close 2020-07-13 C$ 9.35
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Nextech to launch InfernoAR video-conference software

2020-07-13 09:59 ET - News Release

Mr. Evan Gappelberg reports

NEXTECH AR LAUNCHING NEW COLLABORATIVE VIDEO CONFERENCING SOLUTIONS

Nextech AR Solutions Corp. is launching a new video-conferencing software into its InfernoAR platform. The new video-conferencing features will integrate collaborative classroom learning, one-to-one networking and traditional video conferencing directly into the platform, letting users seamlessly launch and manage both collaborative experiences and large-audience events directly from InfernoAR. This new capability addresses the global education technology market, which is expected to hit $345-billion by 2025 (according to Business Insider), and the fast-growing telemedicine market, which, according to Statista, was valued at about $45-billion (U.S.).

InfernoAR's chief technology officer, Mark Pace, commented: "Bringing video-conferencing and collaboration features to the forefront as a first-class native experience in the platform is a natural progression as we continuously evolve InfernoAR into best-in-class leader. Having these technologies in-house and built into our platform will allow us to realize future AR features as products like AR glasses become widespread. Combining InfernoAR large-audience events, video conferencing and collaborative experiences with AR brings the platform and the user experience to a level unseen in any other product in our industry."

Evan Gappelberg, chief executive officer of Nextech AR, noted: "This new video-conferencing capability is a fantastic addition to our already-robust InfernoAR platform. InfernoAR is being chosen by more and more customers because of its full spectrum of offerings, including end-to-end security encryption, interactive video, artificial intelligence and augmented reality, all in one supersecure platform. With video being the new voice during this virtual gold rush, we will continue to push more interactive and immersive video-centric features and innovations, creating long-term value and sustainability for our business. We expect to have this new video-conferencing software in the market by October, 2020."

By integrating the collaboration and conferencing features, users of InfernoAR will be able to launch interactive classrooms with the touch of a button. Breakout rooms from main conference stages are seamless and can be configured and managed directly from InfernoAR. Attendees can network face to face with one or more colleagues directly from attendance pages. Any of these collaborative interactions can be streamed to a global audience of thousands (or hundreds of thousands) of viewers simply or recorded without any assistance.

About InfernoAR

InfernoAR supports clients that require integration with enterprise systems, custom workflow, interactive features, cognitive search and discovery, and secure multi-CDN (content delivery network) streaming, both in front of and behind the firewall. The platform services Fortune 500 businesses, such as: Johnson and Johnson; Viacom; and Polycom.

About Nextech AR Solutions Corp.

Nextech AR Solutions is one of the leaders in the rapidly growing augmented reality industry, estimated to hit $120-billion by 2022, according to Statista.

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