13:19:15 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Nextech AR Solutions Corp
Symbol NTAR
Shares Issued 99,634,597
Close 2023-01-25 C$ 0.77
Market Cap C$ 76,718,640
Recent Sedar Documents

Nextech AR Solutions upgrades Toggle3d platform

2023-01-26 12:21 ET - News Release

Mr. Evan Gappelberg reports

NEXTECH AR'S AI-POWERED CAD TO POLY TOGGLE3D LAUNCHES MAJOR TECHNOLOGY ADVANCEMENTS

Nextech AR Solutions Corp. has released a major upgrade to its AI (artificial intelligence) powered SaaS (software-as-a-service) platform, Toggle3d; it enables the creation, design, configuration and deployment of 3-D models at scale using CAD files. In addition to the new modern look and design, the company has launched an AI-generated, physics-based rendering (PBR) material creation tool which now allows for the scale of photorealistic materials. The company believes that this new AI technology will accelerate sign-ups for the platform.

The new design, which includes a UX (user experience)/UI (user interface) lift, is geared toward improving the platform functionality by simplifying the 3-D modelling workflow even further. The design improvements also give the platform a fun and modern appeal, making it popular among those new to 3-D design or even among experienced 3-D artists looking for a friendly interface.

With the usability and simplicity of the platform, Toggle3d is disrupting the computer graphics market, which is projected to reach $160-billion by 2027. The market includes competitors such as Adobe, Autodesk, Solidworks and Nvidia.

A pivotal new feature is the introduction of a new material template, which is now available as a feature in the pro plan. The template contains three different AI-powered methods of creating high-quality physics-based renderings (PBR), the industry standard for creating photo-realistic materials, from scratch:

  • Method 1 allows users to create a uniform colour material from scratch;
  • Method 2 allows users to create a 3-D material out of a texture swatch;
  • Method 3 allows users to create a material by cropping a product reference photo.

This means that users no longer have to create a similar-looking table top finish but, instead, can create its exact digital twin.

The advancements in the CAD converter also open up new use cases for manufacturers in product design, CPQ sales, product marketing, ads and modelling. Manufacturers now have control of their 3-D modelling needs and can do it all by themselves in Toggle3d with no experience or in-house 3-D modelling team required.

To try out some of these new and more advanced editing features, Toggle3d is offering a 30-day free trial on the pro plan for a limited time.

Toggle3d is excited to offer an all-in-one solution for manufacturers, making 3-D modelling easy and accessible for everyone, with no experience or in-house team required. With the new design, functionality and features, Toggle3d is positioning itself as a leader in the industry and is well poised to take advantage of the growth in the Computer Graphics market.

About Nextech AR Solutions Corp.

Nextech AR Solutions is a diversified augmented reality, AI technology company which leverages proprietary artificial intelligence (AI) to create 3-D experiences for the metaverse. Its main businesses are creating 3-D Webar photorealistic models for the Prime e-commerce marketplace, as well as many other on-line retailers. The company develops or acquires what it believes are disruptive technologies and once commercialized, spins them out as stand-alone public companies issuing a stock dividend to shareholders, while retaining a significant ownership stake in the public spin out.

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 Corp. with 13 million shares, or a 50 per cent stake, and distributed four million shares to Nextech AR shareholders. Arway is currently listed on the Canadian Securities Exchange, in the United States and internationally on the Frankfurt Stock Exchange. Arway Corp. is disrupting the augmented reality wayfinding market with a no-code, no-beacon spatial computing platform enabled by visual marker tracking.

On Dec. 14, 2022 Nextech AR announced its second spinout of Toggle3d, an AI-powered 3-D design studio to compete with Adobe. Toggle3d is expected to be public in the first half of 2023.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.