Nextech AR Solutions (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), a metaverse company and leading provider of augmented reality (“AR”) experience technologies, wayfinding technologies and 3D model services, has announced the expansion contract with Majid Al Futtaim; the contract calls for thousands of 3D model products. Majid Al Futtaim is a branding partner for world-class fashion and retail brands with more than 100 stores across the Middle East, North Africa (“MENA”) region, including some of the world’s best-known brands, such as Crate & Barrel, Abercrombie & Fitch, Hollister, AllSaints, and lululemon Athletica. Nextech also now supplies 3D models for other well-known companies, including Procter & Gamble, an S&P 500 company, and Bunnings, the largest retailer of home improvement supplies in Australia and New Zealand. The company is also reporting that it is discussing agreements and contracts with other major retailers. In fact, Nextech expects to sign a record number of new deals for 3D models this year. The company expects to sign new contracts or renew 3D model contracts in an array of industries, including specialty products, specialty outdoor furniture and equipment, sports equipment, and furniture and home goods.
To view the full press release, visit https://ibn.fm/PTHx2
About Nextech AR Solutions Corp.
Nextech AR Solutions is a diversified augmented-reality, AI-technology company that leverages proprietary artificial intelligence to create 3D experiences for the metaverse. The company’s main businesses are creating 3D WebAR photorealistic models for the Prime Ecommerce Marketplace as well as many other online retailers. Nextech develops or acquires what it believes are disruptive technologies and, once commercialized, spins those technologies out as standalone public companies issuing a stock dividend to shareholders while retaining a significant ownership stake in the public spinout. On Oct. 26, 2022, Nextech AR spun out its spatial computing platform, ARway, as a standalone public company. Nextech AR retained a control ownership in ARway Corp. with 13 million shares, or a 50% stake, and distributed 4 million shares to Nextech AR Shareholders. ARway is currently listed in Canada (CSE: ARWY), in the United States (OTC: ARWYF) and internationally (FSE: E65). ARway Corp. is disrupting the augmented reality wayfinding market with a no-code, no-beacon spatial computing platform enabled by visual marker tracking. On Dec. 14, 2022, Nextech AR announced its second spinout of Toggle3D, an AI-powered 3D-design studio to compete with Adobe. Toggle3D is expected to be public in the first half of 2023. For more information about the company, please visit www.NextechAR.com.
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.
As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.
For more information, please visit https://www.investorwire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.investorwire.com
[email protected]
InvestorWire is part of the InvestorBrandNetwork.