19:36:58 EDT Sat 18 May 2024
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Nextech3D.AI Corp
Symbol NTAR
Shares Issued 109,509,293
Close 2023-10-12 C$ 0.22
Market Cap C$ 24,092,044
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Nextech3D.AI talks MapD, AR-powered event wayfinding

2023-10-12 12:19 ET - News Release

Mr. Evan Gappelberg reports

NEXTECH3D.AI LAUNCHES REVOLUTIONARY AUGMENTED REALITY WAYFINDING MOBILE APP FOR TRADE SHOWS AND EVENT ORGANIZERS

Nextech3D.AI has reached a major milestone in the evolution of AR (augmented reality)-powered event experiences. The company's MapD business unit has integrated and launched its indoor navigation capabilities with ARway.ai's technology, opening up exciting new opportunities for event organizers. This integration sets the stage for events to now monetize the airspace with AR sponsorships and offer 3-D/AR mobile games and other immersive experiences for events like never before.

The integration between MapD and ARway.ai introduces a groundbreaking augmented reality-powered event mobile app. This technology unlocks a new revenue channel for event organizers through AR experiences available exclusively via the event mobile app. Event organizers can enjoy white-glove deployment and sponsorship sales services, as well as a first-of-its-kind AR navigation experience at trade shows.

ARway.ai is one of Nextech3D.AI's spin-out companies and is a spatial computing platform powered by artificial intelligence, providing an array of augmented reality experiences for indoor spaces. ARway's breakthrough no-code no-beacon IPNN allows for the easy creation of navigation, tours, information sharing, notifications, advertising and gamification.

Evan Gappelberg, chief executive officer of Nextech3D.AI/ARway.ai, commented: "The MapD integration with ARway.ai is very exciting for the entire event industry. This collaboration represents our commitment to pushing the boundaries of AR technology and delivering innovative solutions. The executive MapD team and I recognize the tremendous potential and timing in bringing ARway's augmented reality trade show navigation system to the market. With a first-mover advantage, we are poised to revolutionize the industry by providing an unparalleled navigation experience for attendees and exhibitors. This is a win-win for both MapD and ARway.ai."

Key features of the MapD-augmented reality powered event mobile app include:

  • Exclusive AR experiences: Event attendees will enjoy exclusive AR experiences available only through the event mobile app, setting a new standard for event engagement.
  • White-glove deployment: Event organizers will benefit from professional deployment and sponsorship sales services, ensuring a seamless and profitable experience.
  • First-in-kind AR navigation: The app offers unparalleled AR navigation experiences within trade shows, allowing attendees to navigate and explore with ease.
  • Seamless integration with MapD features: Interactive floor plans, exhibitor, speaker, sponsor and scheduling modules are integrated into a one-stop-shop platform, simplifying event app setup and AR experience publication.
  • Enhanced brand exposure: Exhibitors, sponsors and advertisers can elevate their presence by positioning their brand within the event space. This opens opportunities to drive visitors to booths and captivate them with AR-enhanced displays such as brochures, videos, hotspots, 3-D models and AR games.

This integration of MapD and ARway.ai will not only enhance the quality of event experiences but also create a powerful revenue stream for event organizers, making it an exciting prospect for investors. The ability to stand out in a crowded event landscape and provide memorable interactions for attendees will undoubtedly drive greater success and value for all stakeholders.

About MapD

MapD is an event solutions platform and one of four key business units under the Nextech3D.AI umbrella. MapD includes the following components:

  • Interactive floor plan: The MapD interactive floor plan is a powerful tool for trade shows, festivals and conferences. With information-rich profiles, it is easy to build out a marketplace of participating vendors and connect them to attendees, sessions, speakers and more. The floor plan is easy to navigate, search and bookmark, making it an essential tool for any event with a vendor marketplace.
  • Booth sales: Conference organizers can sell booth space to exhibitors with customizable gateway and checkout scenarios. The product allows clients to view the real-time availability of booths and their sales status. It allows exhibitors to reserve a booth or pay for it using a credit card directly from the floor plan.
  • Mobile app: The app combines the current MapD event management solutions technology with ARway, the AI-powered augmented reality navigation platform with a disruptive no-code, no-beacon spatial computing solution, creating an industry-first augmented reality/artificial intelligence combined solution for event management providers, and bringing augmented reality to live, in-person conferences and trade shows.

In a recent press release, the company announced a number of notable updates for MapD. These include the following:

  • In the first nine months of 2023, MapD revenue has surpassed 2022 full-year revenue.
  • Advanced Solutions International (ASI) iMIS association database signs reseller agreement with MapD, providing customers interactive floor plans and seamless integrations between systems.
  • Rainfocus event marketing platform signs reseller agreement with MapD, providing customers interactive floor plans and seamless integrations between systems.
  • CannaCon, a global B2B (business-to-business) venue for cannabis businesses and marijuana entrepreneurs selects MapD for its interactive floor plan.
  • JENKS Productions, the leading event management company in the northeast signs annual licence with MapD, providing interactive floor plans and booth sales.
  • American Tradeshow Services (ATS), event management company, resigns annual licence with MapD, providing interactive floor plans and booth sales.
  • MapD successfully launches updated version of event mobile app, updates include new UX (user experience), push notifications, gamification and networking.

The public company CEO experience podcast

Nextech3D.AI has recently released "The public company CEO experience podcast," featuring Mr. Gappelberg, a highly accomplished three-time public company CEO and serial entrepreneur. The podcast offers listeners an exclusive behind-the-scenes look into the dynamic life of a public company CEO with valuable insights, while also discussing trending topics and providing business updates on Nexech3D.ai, Toggle3D.ai and ARway.ai.

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. Nextech3D.AI has adopted a unique approach to creating shareholder value beyond its operating business of creating 3-D models.

The company also develops or acquires disruptive AI technologies, which are subsequently spun out to shareholders as stand-alone public companies. This spin-out strategy allows Nextech3D.AI to issue stock dividends to its shareholders while maintaining significant ownership in the public spinout, without dilution to the parent company.

Notably, Nextech3D.AI successfully spun out ARway Corp., its spatial computing platform, as a stand-alone public company on Oct. 26, 2022. The company retains a 49-per-cent stake with 13 million shares in ARway while distributing four million shares to Nextech shareholders.

Similarly, Nextech3D.AI accomplished its second spinout launching Toggle3D.ai Corp., an AI-powered 3-D design studio aimed at competing with Adobe. The company retains a 44-per-cent stake with 13 million shares in Toggle3D.ai.

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