Nextech AR Q3 3D-Model Production Jumps 110%, with Demand in Q4

Company is seeing continuing demand for 3D models from multiple ecommerce enterprise customers

Nextech AR Solutions Corp. (“Nextech” or the “Company”) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), a Metaverse Company and leading provider of augmented reality (“AR”) Wayfinding technologies and 3D model services for the largest Prime ecommerce marketplace as well as Kohl’s, CB2, NAPA Automotive, and others is pleased to report that it’s 3D model production has jumped over 110% from Q2 2022 to Q3.

In Q3 alone Nextech produced 5,667 3D models for e-commerce sites across a wide spectrum of products including, rugs, tables, lamps, couches, TVs, mirrors, chairs, toys, wall art, outdoor furniture, bicycles, clothing, perfume, sports equipment, electronics and more. This production represents a 110% jump from production in Q2 where it produced 2,776 3D models.

Nextech is ramping up production to meet the growing demand from the largest Prime ecommerce marketplace and is anticipated to create more than 2800 models in the month of October alone. This would represent approximately 50% of Q3 production and sets the stage for a substantial increase in 3D model production in Q4, 2022. The production of 3D models for Amazon is continuously increasing on a monthly basis.

Evan Gappelberg, CEO of Nextech AR commented, “I’m very proud of the execution thus far on our deal with Amazon, and excited as the ARitize 3D revenue continues to roll in as we continue ramping up the production of 3D models for the world’s Prime e-commerce marketplace. Many enterprise companies within the e-commerce ecosystem are now recognizing the game-changing ROI and customer satisfaction experienced by implementing 3D/AR models on their websites. We currently are quoting on a number of large RFPs which we expect to close in Q4 2022, creating a snowball of revenue in 2023, as 3D models are the standard that continues to cement itself for Web 3.0 in eCommerce. He continues, “With the launch of Toggle 3D we have taken the leadership position in the world of everything 3D for CAD, rapidly prototyping the mass production of 3D models from CAD files. We are focused and working towards a huge ramp-up of 3D model production, setting the stage for an exciting 2023.”

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