- Nextech AR Solutions (NTAR) has received its single largest purchaser order to date of $6.7 million from a Nasdaq 100 technology company
- The 3D models related to this order are to be delivered in the calendar year 2023
- Nextech AR CEO Evan Gappelberg sat down with Sabrina Cuthbert to discuss the news
- Nextech AR Solutions is a metaverse company active in augmented reality, 3D modelling, holograms and 360° portals
- Nextech (NTAR) is up 23.08 per cent on the day, trading at C$0.96 per share at 10:15 am ET
Nextech AR Solutions Corp. (NTAR) has received its single largest purchaser order of $6.7 million from a Nasdaq 100 technology company.
The 3D models related to this $6.7 million order are to be delivered in the calendar year 2023. With the previously announced $700,000 3D model order to be delivered in Q4 2022, the total new orders recently announced equals $7.4 million.
Nextech AR CEO Evan Gappelberg sat down with Sabrina Cuthbert to discuss the news.
“The transformation from 2D online shopping to 3D is only in the first or second inning, similar to Artificial Intelligence, Robotics, Energy Storage, DNA Sequencing, Blockchain Technology, and other disruptive technologies. We are very fortunate to be positioned as one of the leaders in 3D technology, transforming the $5.5 trillion e-commerce industry. We are now delivering mass quantities of 3D models to the highest standards for the most demanding customers. We expect that global demand for 3D models will rapidly grow and then accelerate at a breakneck pace from 2023 into 2024. We see this massive demand for 3D models accelerating now because large enterprise e-commerce businesses have seen a positive ROI for 3D models and know that to remain competitive, they will need 3D models.
Nextech AR has worked tirelessly over the past four years to cement itself as a leader in 3D model-making at scale for large enterprise global customers, and it is just now starting to pay off, as evidenced by this $6.7 million order. The transition from flat 2D photos to 3D models is now in full swing, presenting a massive opportunity which we plan to take full advantage of.”
Nextech AR Solutions is a metaverse company active in augmented reality, 3D modelling, holograms and 360° portals.
Nextech AR Solutions (NTAR) is up 23.08 per cent on the day, trading at C$0.96 per share at 10:15 am ET.
