Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Nextech AR Solutions Corp. (NTAR) has received a purchase order for 7,500 3D models
  • The company expects to announce additional add-on orders from this multi-year enterprise deal
  • Nextech AR CEO Evan Gappelberg sat down with Daniella Atkinson to discuss the news
  • Nextech AR Solutions is a metaverse company active in augmented reality, 3D modelling, holograms and 360° portals
  • Nextech (NTAR) opened trading at C$0.80 per share

Nextech AR Solutions Corp. (NTAR) has received a purchase order for 7,500 3D models.

Over 50 per cent have already been delivered, and the balance is expected to be delivered in early Q4 2022.

This large enterprise order is a testament to the company’s pioneering AI technologies and expertise in creating 3D models for eCommerce. This purchase order is only the first of a much larger ongoing purchase order from this singular giant eCommerce marketplace. The company expects to announce additional add-on orders from this multi-year enterprise deal.

Nextech AR CEO Evan Gappelberg sat down with Daniella Atkinson to discuss the news.

“A rapidly rising number of large companies within the eCommerce ecosystem are recognizing the game-changing ROI with up to a 93% increase in CTR, a 250% increase in conversions and 40% reduction in returns by implementing 3D/AR models on their eCommerce websites. We are currently working directly with the largest eCommerce marketplaces and some of the world’s largest eCommerce retailers, including kohls, CB2, Genuine Parts and others. We also offer “one-click integration” with the largest eCommerce platforms, including Shopify, BigCommerce and WooCommerce, which are now all rolling out 3D/AR and setting the standard for Web 3.0 in eCommerce.”

Nextech AR Solutions is a metaverse company active in augmented reality, 3D modelling, holograms and 360° portals.

Nextech AR Solutions (NTAR) opened trading at C$0.80 per share.


More From The Market Herald

" Trillion Energy: Ready to Supply Much Needed European Gas

Written by Kerry Lutz

" SureNano Science (CSE:SURE) joins joint venture for powder nanoemulsion product

SureNano Science (SURE) has entered a new joint venture to develop and market a new powder nanoemulsion.

" @ the Bell: Canada’s economy shows signs of slowing down

Investors were risk averse on Thursday and Canada’s main stock index paid the price.

" Intermap (TSX:IMP) wins $950M contract

Intermap Technologies Corporation (IMP) was named a subcontractor for the $950 million U.S. Air Force Advanced Battle Management System (ABMS) contract.