Nextech3D.ai’s AI Powered
Search Engine Reports a Breakthrough 80% Increase In 3D Modeling
Productivity
AI Search Enabling the
Company to Scale Production of 3D Models
Join CEO Investor
Livestream TODAY at 2pm
ET
TORONTO, O.N, Canada -- January 11, 2024 -- InvestorsHub
NewsWire -- Nextech3D.AI (OTCQX:
NEXCF) (CSE:
NTAR) (FSE: 1SS), an AI-3D model supplier for major e-commerce
retailers announces its new breakthrough AI Powered 3D model search
engine has increased the Company’s 3D modeling productivity by up
to 80%. Nextech3D.ai believes its AI search engine for 3D models,
which uses both images and text prompts for search, is a major
technological breakthrough and could lead to significant revenue
growth in 2024. The Company plans on releasing its AI search engine
in Q1, 2024 for general use and charging on a per use basis.
Evan Gappelberg CEO of Nextech3D.ai commented, “With hundreds of
millions of products being converted to 3D, this technology has
major growth potential.” He continued, “We have been working on
this breakthrough AI technology for over a year and quite frankly,
I didn’t anticipate it being so powerful and productive so quickly.
Being able to reduce the amount of time spent working on a 3D model
by 80% is truly staggering! Currently we are happy to use this AI
technology in house, however we expect to release it for general
use soon, which I believe will be the launch of the first AI-
powered 3D model search engine, which is a major milestone for our
Company.”
Today’s early data release comes from Nextech3D.ai’s own internal
usage based on 3000+ searches over the last week alone. The Company
anticipates releasing a continuous report on productivity over
time. As more searches are conducted and the tool is used more
frequently, the AI learns and becomes progressively more
productive.
Last week, the Company
announced it had gone live with its proprietary AI-Powered 3D model
search engine.This cutting-edge AI search engine combines
computer vision and artificial intelligence to enhance and expedite
the 3D modeling process. By leveraging this proprietary technology,
the Company aims to streamline and accelerate its in-house 3D model
production operations significantly. In addition, it plans to sell
its search engine to others, which could lead to significant
revenue and profit growth.
The AI-based search engine operates by utilizing images to sift
through Nextech’s extensive internal library of hundreds of
thousands of 3D product models and parts. It then suggests a close
match to the provided image, effectively reducing the time and
effort required for 3D model creation. In just a few seconds
the 3D artist is able to choose from multiple 3D matches,
leveraging its library of previously built 3D models. The
Company sees this as a breakthrough in 3D modeling and is looking
to launch a general purpose version that can become the gold
standard.
Watch a demo of the AI-Powered 3D model search engine tool
- click
here
In addition to the successful implementation of this technology,
Nextech3D.ai is actively pursuing the development of patents to
safeguard its proprietary advancements. Simultaneously, it is
committed to ongoing research and development, aiming to introduce
groundbreaking AI solutions tailored for the mass production of 3D
models. The Company anticipates that the mass-scale adoption of AI
in the 3D modeling space will contribute significantly to its
growth in the market throughout the year 2024.
Investor Livestream Details
Join Nextech3D.ai CEO Evan Gappelberg TODAY for a special
livestream event. He will demo and discuss Nextech’s new AI powered
3D model search engine, the launch of Apple’s AR glasses and what
that means for ARway, and the re-launch of Toggle3D!
The Company invites individual and institutional investors, as well
as advisors and analysts to attend the live, interactive online
event. Guests are encouraged to join live and ask questions.
Date: TODAY, Thursday January 11, 2023
Time: 2:00 p.m EST
Guests: Evan Gappelberg (CEO & Founder
of Nextech3D.ai)
Link to Join: https://www.youtube.com/watch?v=yagvPmtu7PA
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About Nextech3D.ai
Nextech3D.ai or the "Company," (OTCQX: NEXCF) (CSE: NTAR) (FSE:
1SS), is a versatile augmented reality and AI technology Company
that utilizes its proprietary artificial intelligence (AI) to craft
immersive 3D experiences at scale for E-COMMERCE. The Company's
primary focus lies in creating high-quality 3D WebAR photorealistic
models for various other online retailers. Nextech3D.ai has adopted
a unique approach to creating shareholder value beyond its
operating business of creating 3D models.
The Company also develops or acquires disruptive
AI-technologies, which are subsequently spun out to shareholders as
standalone public companies. This spin-out strategy allows
Nextech3D.ai to issue stock dividends to its shareholders while
maintaining significant ownership in the public spin-out, without
dilution to the parent company Nextech3D.ai.
Notably, Nextech3D.ai successfully spun out "ARway," (OTCQB:
ARWYF | CSE: ARWY | FSE:E65 ) its spatial computing platform, as a
standalone public company on October 26, 2022. The Company retains
a 49% stake with 13 million shares in ARway Corp. while
distributing 4 million shares to Nextech shareholders.
Similarly, Nextech3D.ai accomplished its second spin-out
launching Toggle3D.ai, (OTCQB: TGGLF | CSE: TGGL | FSE: Q0C ) an
AI-powered 3D design studio aimed at competing with Adobe. The
Company retains a 44% stake with 13 million shares in Toggle3D.ai
Corp.
To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn,
and Facebook, or
visit our website:https://www.Nextechar.com.
For further information, please contact:
Investor Relations Contact
Julia Viola
investor.relations@nextechar.com
Nextech3D.ai
Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)
Forward-looking Statements
The CSE has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.
Certain information contained herein may constitute
“forward-looking information” under Canadian securities
legislation. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as, “will
be” or variations of such words and phrases or statements that
certain actions, events or results “will” occur. Forward-looking
statements regarding the completion of the transaction are subject
to known and unknown risks, uncertainties and other factors. There
can be no assurance that such statements will prove to be accurate,
as future events could differ materially from those anticipated in
such statements. Accordingly, readers should not place undue
reliance on forward-looking statements and forward-looking
information. Nextech will not update any forward-looking statements
or forward-looking information that are incorporated by reference
herein, except as required by applicable securities laws.
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