Mr. Evan Gappelberg reports

NEW AI TOOL LEVERAGES NEXTECH'S EXTENSIVE 3D MODEL LIBRARY FOR FASTER 3D MODEL PRODUCTION

Nextech3D.AI has gone live with its proprietary artificial-intelligence-powered 3-D model search engine. This groundbreaking AI search engine uses computer vision with AI and is designed to speed up and scale up operations for the 3-D modelling process. The AI-based search engine uses images to search Nextech's internal library of 3-D models and recommends a close match to the given image. This enables the company to speed up the process of 3-D model creation, thus increasing the number of 3-D models the company can produce. The company is continuing to develop patents around its proprietary technology while building and launching breakthrough AI for the mass scale of 3-D models, which it sees as a significant growth market in 2024.

As a leading 3-D model supplier for e-commerce and augmented reality, Nextech3D.AI recognizes the challenges faced by 3-D artists and the time required in building intricate designs from scratch. To address these challenges the company has built this innovative AI-powered search engine that instantly searches for similar model meshes within Nextech's vast 3-D model library of hundreds of thousands of 3-D parts and meshes. In just a few seconds the 3-D artist is able to choose from multiple 3-D matches, leveraging its library of previously built 3-D models with similar colours, textures and shapes. This breakthrough AI 3-D model search engine was created in-house by the company's team of AI engineers and scientists, showcasing the company's technical strength and expertise.

Chief executive officer of Nextech3D.AI Evan Gappelberg commented: "Our AI-powered search engine represents a giant step forward in our company's ability to scale production of 3-D models. By combining our five years of technical expertise in the 3-D modelling industry with our new cutting-edge AI capabilities, we're enabling our production capabilities to rapidly scale up and move ahead in 2024. AI is allowing us to do things in terms of productivity that we just were not able to do previously, and I expect that to start showing up in the bottom line profitability of our 3-D business starting in Q1 2024."

Key features of the mesh search tool include:

Advanced AI algorithms:  Nextech3D.AI integrates state-of-the-art AI algorithms to enable precise and rapid mesh searches, ensuring 3-D artists can find the matches they need in seconds.

Intuitive user interface:  The user-friendly interface offers a seamless experience built directly into the company's platform, allowing 3-D artists to search the vast 3-D model library quickly and effortlessly.

Comprehensive mesh database:  An extensive and continuously expanding database of hundreds of thousands of 3-D parts and meshes. The mesh search tool covers a wide range of diverse products from various industries.

This new tool leverages cutting-edge artificial intelligence to enable 3-D artists to effortlessly navigate and locate specific 3-D meshes, streamlining workflows and saving valuable time while increasing productivity.

About Nextech3D.AI

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 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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