Mr. Evan Gappelberg reports

NEXTECH3D.AI ISSUED PIVOTAL AI PATENT FROM USPTO FOR GENERATING 3D MODELS FROM 2D IMAGES

The United States Patent and Trademark Office (USPTO) has officially issued a patent for Nextech3D.AI Corp.'s technology to generate three-dimensional (3-D) models from two-dimensional (2-D) images: Patent No. 11,948,248.

Evan Gappelberg, Nextech3D.ai's chief executive officer, commented: "We are extremely pleased that we have been awarded this patent by the USTPO, and we believe that it is a pivotal patent for our patent portfolio. We see this patent in the context of AI [artificial intelligence], and 2-D to 3-D model generation as the key patent for the 3-D modelling industry, which adds value to Nextech3D.ai and for our shareholders."

He continued: "With this patent being recognized by the USPTO, we are now one of the technology leaders in the field of 2-D photos to 3-D models using AI. We will be promoting this new patent as it really gives us a competitive advantage and separates Nextech3D.ai from other companies that make 3-D models. With this second AI patent issuance and seven additional patents filed, we continue to build a moat around our 3-D model making for e-commerce business with both industry expertise and intellectual property, which includes GPT [generative pretrained transformer] AI-powered 3-D model generation. This second AI patent approval reinforces and validates Nextech3D.ai's commitment to increasing shareholder value by investing in 3-D AI GPT patents and solutions, while simultaneously generating millions in annual 3-D modelling revenue."

Livestream details

Nextech3D.ai will host a special livestream event on Proactive Investors with Mr. Gappelberg, CEO, who will discuss new AI technology updates.

The company invites individual and institutional investors, as well as advisers and analysts to attend the live, interactive on-line event. Guests are encouraged to join live and ask questions.

Date:  Thursday, April 4, 2024

Time:  2 p.m Eastern Time/11 a.m Pacific Time

Guests:  Mr. Gappelberg, CEO and founder of Nextech3D.ai

Livestream:  join on-line at YouTube

Previous patents

See the associated table for a list of the patent portfolio across Nextech3D.ai's group of companies.

Recent news:

• Nextech3D.ai receives notice from USPTO to be granted pivotal AI patent for generating 3-D models from 2-D images;
• Nextech3D.ai announces formation of AI incubator, and AI acquisition and development division with potential 2024 IPO (initial public offering) spin-out;
• Nextech3D.ai establishes new business unit led by former Meta executive, targeting jewellery industry with GPT AI CAD (computer-aided design)-3-D models, blockchain technology and NFTs (non-fungible tokens);
• Nextech3D.ai expands AI tech team and doubles office space as demand increases for GPT AI platform and 3-D model production in Hyderabad, India;
• Nextech3D.ai launches next era of GPT AI 3-D solutions led by former Microsoft executive;
• Nextech3D.ai lands $1.8-million 3-D modelling deal with Nasdaq 100 technology company.

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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