Mr. Evan Gappelberg reports

NEXTECH3D.AI ANNOUNCES MULTIPLE NEW 3D MODELING DEALS

Nextech3D.AI Corp. has arranged a number of exciting new deals and renewals for its 3-D (three-dimensional) modelling business. Thus far, the company has delivered 60,000-plus models to its customers across various industries. The company expects to see significant growth in 2024 and beyond as Amazon increases its demands.

With 3-D content, shoppers can virtually try on shoes or eyewear, visualize what an item will look like in their space, or virtually rotate and zoom in on the product from any direction to see features that might be missed through traditional 2-D (two-dimensional) photography.

Amazon has measured the following 3-D/AR (augmented reality) model benefits:

• An eight-times increase in customers who viewed a product in AR at Amazon, from 2018;
• Two-times improvement in purchase conversion observed on average in 2022 when AR virtual try-on (shoes and eyewear) or view in 3-D is enabled on an Amazon product listing;
• 94 per cent of customers surveyed by Amazon said they would use virtual try-on again (2022 survey of over 2,000 Amazon customers);
• 9-per-cent improvement in sales observed on average when view in your room is enabled on an Amazon product listing.

Other benefits of 3-D content that is created can be used beyond the detail page:

• Save money on product photography by using 3-D assets to render detail page images;
• Lifestyle images or other brand marketing content can be quickly created without the need for a studio set-up;
• Many 3-D content creators can use 3-D assets to create animations, videos and interactive or animated infographics. Clients should talk to their content creators to learn more about capabilities.

Nextech3D.AI continues to sign new and renewal 3-D modelling deals

TecTake

TecTake Ltd. is a dynamic, international e-commerce company with a wide range of work, home, leisure and garden products.

Raptor Tactical

Raptor Tactical is a designer and manufacturer of modern tactical equipment for military, police and other law enforcement units.

City Grounds

City Grounds provides fresh and innovative merchandise from around the world for urban cycling needs and more. Beyond bicycles and components, it also carries a variety of functional streetwear and active lifestyle apparel.

Kromer

Kromer is a company in Germany that provides commercial scissor lifts, column lifts, mobile lifting platforms, equipment and parts for workshops and garages.

William Wood Mirrors

William Wood Mirrors is located in the United Kingdom and has almost four decades of experience in designing and manufacturing mirrors, lighting and occasional furniture. It stocks thousands of exquisitely designed mirrors ready for immediate collection or same-day delivery to its loyal customers across the country. Their work has been featured in taste-making publications like Vogue and GQ, while transforming over 500,000 homes and hotels nationwide.

Hammer Sport

Hammer Sport AG, based in Germany, has been producing and selling sporting goods for 120 years. Hammer and Finnlo fitness equipment is based on the development of quality products with innovative, partly patented product specifications -- in order to meet the high demands of the global market. It sells endurance equipment, strength and weight lifting equipment and accessories, and boxing equipment and accessories.

Armadillo Tough

Armadillo Tough is an American company that designs, manufactures and sells its own product lines of garage cabinets, shelving racks, workbenches and accessories for garages and workshops.

Previously announced deals

As recently announced, Nextech3D.AI signed an enterprise 3-D modelling contract with Kabbani Funiture, the No. 1 furniture seller and manufacturer in Egypt. Kabbani Furniture's initial purchase order is for 500 3-D models, which represents a small fraction of total SKUs. This deal also represents a significant growth opportunity, with the potential to grow with Kabbani's large network of retailers.

The company also recently signed an expansion 3-D modelling contract with Vornado Air LLC to bring its 3-D product models onto the Amazon e-commerce marketplace. Vornado Air is a repeat 3-D model customer, which has signed and completed five expansion contracts for additional 3-D models with the company. Nextech3D.AI has created over 100 models for Vornado Air thus far, all of which are live on Amazon and on the Vornado website.

About Nextech3D.AI Corp.

Nextech3D.AI is a versatile augmented reality and AI (artificial intelligence) technology company that utilizes its proprietary artificial intelligence to craft immersive 3-D experiences at scale for e-commerce.

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