Nextech AR Solutions (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), a metaverse company and leading provider of augmented reality (“AR”) experience technologies and 3D modeling services for ecommerce brands, is front and center in a recent Power Play by The Market Herald interview. During the interview, Nextech AR CEO Evan Gappelberg joined host Daniella Atkinson to talk about the company’s recent financial and operating report for Q2 2022, including the record growth the company has seen in 3D modeling. The report, which covered the quarter ending on June 30, 2022, showed 30% Q2 sequential growth in ARR, reaching almost $1 million. The Power Play by The Market Herald interviews are designed to offer investors an inside look at the latest news from a company through exclusive insights and interviews with that company’s executives. In addition, the company has announced that ARway, it’s exclusive no-code spatial computing platform for the real-world metaverse, is now adopting LiDAR technology; this new feature allows the platform to create hyper accurate meshes for its metaverse spatial mapping software. LiDAR technology is designed to enhance the ability of ARway to create even higher-quality meshes and spatial mapping solutions, further strengthening ARway’s position as a leader in the rapidly growing wayfinding and spatial computing market. “We are constantly analyzing new technologies which can give us a competitive edge in the market, and with our adoption of LiDAR which is bleeding edge technology we believe we have gained that edge,” said Nextech AR CEO Evan Gappelberg in the press release. “Apple Computer has already invested billions into developing LiDAR, which is now available in some of the newer iPhones. . . . LiDAR essentially acts as a computer’s eyes. LiDAR has already found a perfect market fit in the automotive industry with all the new EV self-driving cars produced by Tesla and others adopting LiDAR technology. . . . We believe it’s also a perfect product market fit for AR wayfinding and that adopting LiDAR technology for our ARway solution will give users hyper-accurate spatial maps and provide deep analytics within the map, which is exactly what our customers are telling us they want.”
To view the full interview, visit https://ibn.fm/msoO9
About Nextech AR Solutions Corp.
Nextech AR Solutions is the engine accelerating the growth of the metaverse. Using breakthrough artificial intelligence (“AI”), Nextech AR is able to quickly, easily and affordably ARitize (transform) vast quantities and varieties of existing assets at scale making products, people and places ready for interactive 3D use, and giving creators at every level all the essential tools they need to build out their digital AR vision in the metaverse. The company’s platform-agnostic tools allow brands, educators, students, manufacturers, creators and technologists to create immersive, interactive and the most photo-realistic 3D assets and digital environments; compose AR experiences; and publish them omnichannel. With a full suite of end-to-end AR solutions in 3D commerce, education, events and industrial manufacturing, Nextech AR is in a unique position to meet the needs of the world’s biggest brands and all metaverse contributors. Nextech funds the development of its AR and Metaverse growth initiatives through its e-commerce platforms, which currently generate most of its revenue. Nextech’s e-commerce platforms include vacuumcleanermarket.com (“VCM”), infinitepetlife.com (“IPL”) and Trulyfesupplements.com (“TruLyfe”). VCM and product sales of residential vacuums, supplies and parts, and small home appliances sold on Amazon. These e-commerce platforms serve as an incubator for developing and testing Nextech’s leading-edge AR, AI and machine learning applications for powering next-generation e-commerce technology. For more information about the company, please visit www.NextechAR.com.
NOTE TO INVESTORS: The latest news and updates relating to NEXCF are available in the company’s newsroom at https://ibn.fm/NEXCF
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