Mr. Evan Gappelberg reports

NEXTECH3D.AI'S BREAKTHROUGH AI POWERED SEARCH ENGINE ABLE TO DELIVER A 500% INCREASE IN PRODUCTIVITY

Nextech3D.AI Corp.'s recently launched AI (artificial intelligence) 3-D model search engine can deliver up to a 500-per-cent increase in the production of 3-D models, which is a marked increase from its previously announced 80-per-cent increase in productivity. The company plans on releasing its AI search engine to the public in Q1 2024 for general use and charging on a per-use basis, which could contribute significantly to the company's growth in 2024.

As previously mentioned, the company plans on continuously providing reports on the AI and its ability to increase productivity and lower costs of 3-D model production over time. As more searches are conducted and the tool is used more frequently, the AI learns and becomes progressively more productive.

In a recent press release, the company initially reported an 80-per-cent increase in productivity. Upon further research based upon Nextech3D.AI's own internal usage of thousands of searches over the last two weeks, the company reports an updated 500-per-cent increase in 3-D modelling productivity. The 500-per-cent increase in productivity is due to an 80-per-cent reduction in time it takes to create a 3-D model by using the 3-D model search engine. Instead of a 3-D artist having to create an intricate or complex 3-D model from scratch, the 3-D artist is able to find a similar 3-D model quad or triangle mesh using the AI search engine and then modify it as needed. This groundbreaking AI-driven search engine quickly locates comparable model meshes in Nextech3D.AI's extensive library, which houses hundreds of thousands of 3-D parts and meshes. Within mere seconds, a 3-D artist can select from a variety of 3-D matches, taking advantage of the library's existing collection of 3-D models that share similar colours, textures and shapes.

Earlier this month, the company announced it had gone live with its proprietary AI-powered 3-D model search engine. This cutting-edge AI search engine combines computer vision and artificial intelligence to enhance and expedite the 3-D modelling process. By leveraging this proprietary technology, the company aims to streamline and accelerate its in-house 3-D model production operations significantly. In addition, it plans to sell its search engine to others, which could lead to significant revenue and profit growth.

The AI-based search engine operates by the user showing the search engine an image; the AI then goes to work searching through Nextech3D.AI's extensive internal library of hundreds of thousands of 3-D product models and parts and suggests a close match to the provided image. In just a few seconds, the 3-D artist is able to choose from multiple 3-D models that closely match the image and fine-tune the prebuilt 3-D model into a net new 3-D model, which creates another searchable new mesh. The constant creation of new 3-D models creates a virtuous cycle and a tremendous amount of value for the platform. The company sees this as a breakthrough in 3-D modelling and is expecting to launch a general-purpose version that can become the gold standard for the massive global $5.5-trillion e-commerce market, which is pivoting to 3-D models from flat 2-D photos, in Q1 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 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).

Notably, Nextech3D.AI successfully spun out ARway, 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 Corp. while distributing four million shares to Nextech3D.AI shareholders.

Similarly, Nextech3D.AI accomplished its second spinout launching Toggle3D.ai, 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 Corp.

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