14:31:34 EST Sat 28 Jan 2023
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Nextech AR Solutions Corp
Symbol NTAR
Shares Issued 99,634,597
Close 2022-12-06 C$ 0.94
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Nextech AR Solutions boasts about 1M views on Swirl ad

2022-12-06 11:24 ET - News Release

Mr. Evan Gappelberg reports

NEXTECH AR 3D SWIRL AD ACHIEVES BREAKTHROUGH WITH OVER 1 MILLION AD VIEWS

Nextech AR Solutions Corp. has received a record-setting number of views for a single 3-D/augmented reality ad. The client, Hearst U.K., which publishes 21 brands, including Good Housekeeping, Esquire, Elle, Harper's Bazaar and Cosmopolitan, used a 3-D model created by Nextech's technology of a Dr. Martens Boot for an ad campaign, which garnered over one million 3-D model views on the site.

The ad used Nextech's ARitize Swirl, a swirling (rotating) 3-D asset on the header or page of an e-commerce website. In a few simple steps, any customer can create a fully interactive ARitize Swirl 3-D/AR banner using their existing 3-D models and embed them into their e-commerce website to create six-times-higher purchase intent, increase conversions and click-through rates.

This successful client use by a major brand and agency paves the way for another revenue stream tied to e-commerce advertising by offering a simple no-code integrated way for the company's 3-D models to be used for immersive ads on the Web or on social sites, TikTok, Instagram, Snap and Meta.

Nextech AR chief executive officer Evan Gappelberg commented: "One million 3-D model views on a single 3-D model is huge! By comparison Nextech has served up 6.2 million 3-D model views for over 20,000 3-D models without the Swirl ad. The ability for our 3-D model clients to easily create Web banners and social media Swirl ads using their existing 3-D models is yet another competitive edge for Nextech and further positions us as the leading global 3-D model company." He continues: "Our ARitize 3D platform provides our clients with the one-stop solution for everything 3-D. Today's breakthrough Swirl ad news is yet another indication of the revenue potential of our 3-D solutions and further sets the stage for a breakout year in 2023."

ARitize 3D

ARitize 3D's patent-pending technology leverages artificial intelligence (AI) to enhance the building of quality 3-D models from simple 2-D photos at scale for e-commerce websites.

It is a disruptive end-to-end solution for the augmented reality industry. Through a simple JavaScript tag integration, product photos are automatically onboarded, and 3-D models are created for each product and then hosted on ARitize 3D's cloud.

With a 3-D model, clients can interact with the product to see every detail: turn it, spin it, zoom in, zoom out, leading to 40-per-cent-lower product returns, 93-per-cent-higher click-through rate and a 90-per-cent reduction in product photography costs. The company believes that this value creation and ROI (return on investment) are leading to the rapidly growing demand for the company's 3-D technology. Transform your on-line store into a dynamic virtual showroom. Three-dimensional models allow customers to see products from every angle and position them in their own space prior to purchasing. It is an exciting, immersive shopping experience that keeps customers more engaged, better informed and helps your brand stand out from the competition.

ARitize 3D is the one-stop shop 3-D and AR solution for e-commerce that is:

  • Affordable -- lowest-cost provider;
  • Scalable -- fastest, seamless, high quality;
  • Frictionless -- requires low implementation effort;
  • AI and machine learning powered -- automated 3-D model creation;
  • End to end -- from model creation to CMS and AR visualization.

About Nextech AR Solutions Corp.

Nextech AR Solutions is the engine accelerating the growth of the metaverse. Using breakthrough AI, Nextech AR is able to quickly, easily and affordably ARitize (transform) vast quantities and varieties of existing assets at scale, making products, people and places ready for interactive 3-D use, giving creators at every level all the essential tools they need to build out their digital AR vision in the metaverse. Nextech's platform-agnostic tools allow brands, educators, students, manufacturers, creators and technologists to create immersive, interactive and the most photorealistic 3-D assets and digital environments, compose AR experiences, and publish them omnichannel. With a full suite of end-to-end AR solutions in 3-D commerce, education, events and industrial manufacturing, Nextech AR is in a unique position to meet the needs of the world's biggest brands and all metaverse contributors.

On Oct. 26, 2022, Nextech AR spun out its spatial computing platform, ARway, as a stand-alone public company. Nextech AR retained a control ownership in ARway with 13 million shares, or a 50-per-cent stake. ARway is currently listed on the Canadian Securities Exchange, in the United States on the OTC and internationally on the Frankfurt Stock Exchange. ARway is disrupting the augmented reality wayfinding market with a no-code, no-beacon spatial computing platform enabled by visual marker tracking.

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