Mr. Evan Gappelberg reports

NEXTECH3D.AI ANNOUNCES SIX NEW 2024 3D MODELING CONTRACTS & RENEWALS

Nextech3D.AI Corp. has seen an uptick in sales with a series of six 2024 contracts and renewals from: CB2, a division of Crate and Barrel; Artika, renowned for its avant-garde lighting solutions; Raptor Tactical, a designer and manufacturer of modern tactical equipment for military, police and other law enforcement units; William Wood Mirrors; EOD Gear supplies, providing tactical gear to EOD (explosive ordnance disposal) techs and commands, SWAT; and City Grounds, and sees other growing sales opportunities in its 3-D modelling pipeline. Nextech3D.AI anticipates continued momentum in 3-D modelling demand to reinforce its position as a leader in the development and deployment of artificial intelligence in the 3-D modelling industry for e-commerce.

Chief executive officer Evan Gappelberg commented: "As we start the new year, I am very optimistic about the trajectory of Nextech3D.AI. When we look at the diverse range of contracts, renewals and the enthusiastic interest we're receiving it reaffirms our conviction as AI/AR and 3-D industry leaders. I'm especially pleased with our AI engineers who've created value for our business, which is evident by the recent launch of our AI-powered 3-D model search engine tool." He continued, "We are actively building and launching new breakthrough AI for the mass scale of 3-D models and continuing to apply for and develop new patents around our proprietary AI technology."

CB2

CB2 has agreed on a six-figure expansion contract for an additional 500 3-D product models. Additionally, it is renewing its hosting agreement to continue hosting over 2,500 3-D product models on its website that Nextech3d.AI previously created for it. CB2 is a division of Crate and Barrel, a major modern furniture and home decor retailer. In total, CB and CB2 operate approximately 110 U.S. locations and 24 brick-and-mortar locations across North America.

Artika

Artika, renowned for its avant-garde lighting solutions, has not only renewed its contract for more 3-D models, but also extended its hosting agreement with Nextech3D.AI.

Raptor Tactical

Renewing its commitment to Nextech3D.AI, Raptor Tactical has signed a renewal deal for more 3-D models, showcasing the enduring partnership between the two companies. Raptor Tactical is a designer and manufacturer of modern tactical equipment for military, police and other law enforcement units. A 3-D product model can be explored on Raptor Tactical's website.

William Wood Mirrors

William Wood Mirrors has chosen to renew its contract with Nextech3D.AI, signalling continued trust in the company's ability to deliver high-quality 3-D models. William Wood has almost four decades of experience in designing and manufacturing mirrors, lighting and occasional furniture.

EOD Gear

EOD Gear, a new customer in the Nextech3D.AI portfolio, has joined forces with the company for cutting-edge 3-D modelling solutions. EOD Gear supplies EOD and tactical gear to EOD techs and commands, SWAT, and individuals.

City Grounds

City Grounds, an existing partner of Nextech3D.AI, has renewed its hosting contract, further solidifying its commitment to the exceptional services provided by the 3-D modelling experts. City Grounds offers a curated selection of high-quality merchandise tailored to the urban cycling lifestyle.

These customers are collaborations that showcase Nextech3D.AI's commitment to providing cutting-edge 3-D modelling solutions to a diverse range of industries.

AI-powered 3-D model search engine

The company's innovative approach is further highlighted by its recent launch of its in-house-built AI-powered 3-D model search engine, aimed at scaling the production of 3-D models. 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 Nextech3d.AI'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.

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 various e-commerce 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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