Mr. Evan Gappelberg reports

NEXTECH3D.AI GRANTED PIVOTAL AI PATENT FOR GENERATING 3D MODELS FROM COMPUTER AIDED DESIGN (CAD) DATA

Nextech3D.AI Corp. has been granted a patent by the U.S. Patent and Trademark Office (USPTO) for 3-D model generation from computer-aided design (CAD) data. Receiving this first patent, as part of the company's previously announced portfolio of patents filed in 2022, reinforces and validates Nextech3D.AI's commitment to increasing shareholder value by investing in 3-D technology and innovating with artificial-intelligence-powered solutions.

Nextech3D.AI chief executive officer Evan Gappelberg commented: "The timing of this patent approval could not be better! In 2023, we are witnessing a paradigm shift in technology with AI, AR and 3-D model creation becoming the next generation of foundational technology that shapes our future."

He continued: "With the approval of this pivotal AI patent we are perfectly positioned for this future and we are excited to deliver today's tangible results and long-lasting value for our loyal shareholders. I'm extremely excited about our future and expect to see more patents in our portfolio approved."

This patent enables Nextech3D.AI to increasingly capture a larger share of the rapidly growing 3-D model creation business. There is growing demand for 3-D product models for real life, with increasing adoption of virtual reality with the Meta Quest and augmented reality with Apple's eagerly anticipated Vision Pro, which uses 3-D models to display objects to users. Similarly, websites and mobile phones use 3-D models to display products on e-commerce websites, which enables users to get a better sense of what the product looks like from all angles and perspectives. Up until now, generating a 3-D model was a time-consuming process and required human intervention. However, with Nextech3D.AI's patented technology, if a user has a CAD model of the product they can easily create a 3-D model of the product and texture it in just a few minutes, which increases productivity and reduces costs, thus giving Nextech3D.AI a competitive advantage.

Nextech3D.AI has already been using this patented technology implemented in the company's Toggle3D product. In the Toggle3D platform, users as well as Nextech3D.AI itself can leverage this patented technology to convert CAD files into 3-D designs and textures.

This patent approval recognizes Nextech3D.AI's technology capabilities as the company is leading toward the future with AI technologies and innovation. Receiving this patent reinforces Nextech3D.AI's commitment to advancing 3-D technology through innovation and AI-powered solutions.

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 spinout 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 Nextech3D.AI.

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