Mr. Evan Gappelberg reports

NEXTECH3D.AI RECEIVES LARGE 3D AI PURCHASE ORDER FROM BLUE CHIP ENTERPRISE CUSTOMER

Nextech3D.AI Corp. has received an order for 1,000-plus 3-D AI (artificial intelligence) models and over 4,000-plus 3-D AI digital photos in May with delivery set to begin in June with a contract value in the mid-six figures. This large enterprise order is a testament to the company's pioneering AI technologies and expertise in creating 3-D models and now renderings of 3-D models in 2K, 4K and 8K for e-commerce enterprise customers across the globe.

Nextech3D.AI chief executive officer Evan Gappelberg commented: "This enterprise customer has recognized the significant ROI of 3-D models in e-commerce and is now accelerating its purchasing of 3-D models. Shopify has reported up to a 93-per-cent increase in CTR, a 250-per-cent increase in conversions and a 40-per-cent reduction in returns by implementing 3-D/AR models on their e-commerce websites. Nextech3D.AI is currently working directly with Amazon, the largest e-commerce marketplace, and some of the world's largest e-commerce retailers including Kohl's. We also offer 'one-click integration' with the largest e-commerce platforms including Shopify, BigCommerce and WooCommerce, which have rolled out 3-D/AR and set the standard for Web 3.0 in e-commerce."

He continues: "Today we are seeing more companies both big and small interested not just in 3-D AI models but also in 3-D AI digital renders which we now are selling alongside our 3-D AI models, creating additional value out of the 3-D model itself. 3-D AI and AR produces immersive shopping experiences that customers now expect in e-commerce. With our end-to-end integrated solutions, white-glove service, ability to scale production and large enterprise customers, Nextech3D.AI is emerging as a 3-D AI e-commerce leader. These large contracts are critical revenue and cash flow drivers for the company."

Example of the company's new AI rendering of a 3-D chair and ottoman in 4K

Nextech3D.AI continues to sign new and renewal 3-D modelling deals

The company believes that it can become profitable in 2024 by scaling revenue with 80-per-cent profit margins while operating expenses are going down due to its investment in its patented AI. The strategic shift to Hyderabad India aligns perfectly with Nextech3D.AI's commitment to delivering top-tier 3-D modelling and augmented reality solutions while maintaining a keen eye on profitability and fiscal responsibility for its valued shareholders.

Why AI and 3-D modelling, and why now?

The e-commerce landscape is evolving rapidly, with consumers demanding more interactive and engaging shopping experiences. This is where AI and 3-D modelling technology come into play, offering a dynamic, immersive and personalized shopping journey. The shift from 2-D to 3-D modelling for e-commerce is a major multidecade transformation that is being led by AI. This transformation is evident as major brands and companies are incorporating 3-D models and AR shopping, including Amazon, Walmart, CB2, IKEA, Sephora, Target and more.

Amazon (AMZN -- worth $2-trillion): Amazon is leading this shift, transitioning from traditional 2-D images to 3-D models for all their products, setting a new standard in on-line retail. Nextech3D.AI is proud to be a 3-D model supplier for Amazon, already creating tens of thousands of 3-D models per month.

According to Amazon Prep: Amazon has measured the following 3-D/Ar model benefits:

• An eight times increase in customers who viewed a product in AR at Amazon, from 2018;
• Two times improvement in purchase conversion observed on average in 2022 when AR virtual try-on (shoes and eyewear) or view in 3-D is enabled on an Amazon product listing;
• 94 per cent of customers surveyed by Amazon said they would use virtual try-on again (2022 survey of over 2,000 Amazon customers);
• 9-per-cent improvement in sales observed on average when view in your room is enabled on an Amazon product listing.

Other benefits of 3-D:

• 3-D content that is created can be used beyond the detail page.
• Save money on product photography by using 3-D assets to render detailed page images.
• Lifestyle images or other brand marketing content can be quickly created without the need for a studio setup.
• Many 3-D content creators can use 3-D assets to create animations, videos, and interactive or animated infographics. Clients should talk to their content creators to learn more about capabilities.

The power of 3-D models in e-commerce

3-D models in e-commerce enable customers to visualize products in high detail from every angle, significantly enhancing decision-making confidence. This shift leads to higher conversion rates, as customers are more likely to purchase when they can thoroughly explore a product. Moreover, 3-D visualization reduces returns, as buyers have a clearer expectation of what they are purchasing, thus saving costs and improving customer satisfaction. Additionally, interactive 3-D models increase customer engagement, keeping them on your site longer, which directly correlates with increased sales.

Timely

As online shopping continues to grow, the demand for more immersive and interactive experiences is growing. Businesses adopting 3-D models are setting new benchmarks for customer engagement and satisfaction.

Nextech3D.AI believes it stands at the forefront of this mega-trend, leading the shift from static 2-D images to immersive 3-D experiences. Its patented AI-powered 3-D modelling technology creates photo-realistic 4K 3-D models that cater to major e-commerce platforms like Amazon. With years of expertise and a portfolio of high-profile clients including Amazon, P&G, Kohls, Miele and others -- Nextech3D.AI is transforming on-line shopping into an interactive adventure.

ARitize3D

ARitize3D is your one-stop-shop AR solution with automated 3-D model creation at an unbeatable price. The company's artificial intelligence (AI) will turn your existing 2-D product images or CAD files into 4K 3-D AI and augmented reality experiences. It is fast, it is easy and it will transform your e-commerce website.

ARitize3D is the one-stop-shop 3-D plus AR solution for e-commerce that is:

• Affordable -- lowest-cost provider;
• Scalable -- fastest, seamless, high quality;
• Frictionless -- requires low implementation effort;
• AI and ML powered -- automated 3-D model creation;
• End to end -- from model creation to CMS and AR visualization.

Brands are invited to Contact Us to let our team help you start selling using 3-D models for your on-line store today.

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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