Mr. Evan Gappelberg reports

NEXTECH3D.AI ANNOUNCES NEW DEALS AND RENEWALS IN 3D MODELING BUSINESS

Nextech3D.AI Corp. has entered into a series of exciting new deals and renewals for its 3-D modelling business. To date, the company has delivered over 70,000 models to customers across various industries and expects significant growth in 2024 and beyond, driven by Amazon's expanding platform for 3-D models and augmented reality experiences. The company is also extending its market reach into sectors like brake pads, calipers, crossbows, Bosch power tools, pallet jacks and more.

Chief executive officer Evan Gappelberg comments on expansion and innovation

Mr. Gappelberg, CEO of Nextech3D.AI, stated: "Today, we are seeing more companies, both large and small, across many new industries interested not just in 3-D AI models but also in 3-D AI digital renders, which we now offer alongside our 3-D AI models. This creates additional value from the 3-D model itself. Three-dimensional AI and AR produce 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 leader in 3-D AI e-commerce."

Renewals with global brands:

• City Grounds: Offering innovative merchandise for urban cycling needs and more;
• Kromer: Providing commercial scissor lifts, column lifts and mobile lifting platforms in Germany;
• William Wood Mirrors: A United Kingdom-based company with decades of experience in mirrors, lighting and furniture;
• Armadillo Tough: An American company specializing in garage cabinets, shelving racks and workbenches.

Why artificial intelligence and 3-D modelling, and why now?

The e-commerce landscape is evolving rapidly, with consumers demanding more interactive and engaging shopping experiences. AI and 3-D modelling technology offer a dynamic, immersive and personalized shopping journey. Major brands are incorporating 3-D models and AR shopping, including Amazon, Walmart, CB2, IKEA, Sephora and Target.

Amazon, valued at $2-trillion, is leading this shift by transitioning from traditional 2-D images to 3-D models for all its products, setting a new standard in on-line retail. Nextech3D.AI is proud to be a 3-D model supplier for Amazon, creating tens of thousands of 3-D models monthly. According to Amazon, the benefits of 3-D/AR models include:

• Eight-time increase in customers viewing products in AR;
• Two-time improvement in purchase conversion with AR virtual try-on;
• 94 per cent of customers willing to use virtual try-on again;
• 9-per-cent increase in sales with "view in your room."

The power of 3-D models in e-commerce

Three-dimensional models enable customers to visualize products in high detail from every angle, enhancing decision-making confidence and leading to higher conversion rates. This reduces returns, saves costs and improves customer satisfaction. Additionally, interactive 3-D models increase customer engagement, directly correlating with increased sales.

Nextech3D.AI: leading the future of e-commerce

As on-line shopping continues to grow, the demand for immersive and interactive experiences is increasing. Nextech3D.AI is at the forefront of this megatrend, transforming on-line shopping into an interactive adventure with its patented AI-powered 3-D modelling technology, catering to major e-commerce platforms like Amazon.

ARitize 3D

ARitize 3D is the one-stop shop AR solution with automated 3-D model creation at an unbeatable price. Its AI turns existing 2-D product images or CAD files into 4K 3-D AI and AR experiences. It is fast, easy and transformative for e-commerce websites. ARitize 3D is affordable, scalable, frictionless, AI and ML (machine learning) powered, and offers end-to-end solutions from modelling to AR integration.

Brands are invited to contact Nextech3D.AI to let its 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.

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