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9 min read

Nextech3D.ai Sets New Standards with AI-Driven Lifestyle Photography

By Nextech3D.ai on Jun 6, 2024 11:11:49 AM

NextechAR Elevates AI Photography with Advanced Lifestyle Image Creation Sees large opportunity in ecommerce

TORONTO, O.N, Canada –June 6th, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a patented 2D-3D Generative AI-Powered 3D model supplier (Patent #11,948,248) for Amazon, Miele, P&G, Kohls, Wesfarmers Group ``Bunnings” (Australia’s largest listed company) and other major e-commerce retailers has been adding Digital Photography and dynamic product visuals as part of its 3D model offerings. Nextech3D.ai proudly announces a significant advancement in its AI-powered photography technology: the ability to create dynamic lifestyle images from 3D models or CAD files, representing a significant leap from 2D photography to 3D renders and photos. AI is transforming the virtual photography landscape for ecommerce, as the company is producing tens of thousands of 3D models annually it expects to produce hundreds of thousands of 3D model renders to its same customer base and expand with new customers. The company believes that its AI Photography with Advanced Lifestyle Image Creation is a large opportunity for revenue growth.

The company's advanced AI algorithms identify product categories and generate high-quality lifestyle images in just minutes.

Key advantages include:

  • High-Quality Photography: No human error. Easily produces images in resolutions of 1K, 2K, 4K, and 8K.
  • Faster Turnaround: Instant image generation accelerates project timelines.
  • Cost Efficiency: up to 95% savings compared to traditional photoshoot expenses.

The ability to create solid backgrounds, gradient backgrounds, and lifestyle images with just a click streamlines the process of producing engaging, professional visuals. The transition from traditional 2D photography to 3D renders and photos is highly relevant in the e-commerce industry, where detailed and dynamic product images can significantly enhance consumer engagement and drive sales. NextechAR's commitment to innovation and excellence ensures that our customers receive the most advanced and efficient solutions in the industry.

Where AI really does come into its own is its ability to analyze data and automate repetitive tasks. Using NextechAR’s deep learning algorithms, AI’s image processing and recognition tools allow the AI to take better photos, and do so instantly and at a cost of 95% less that traditional photography. This is because AI can be used to enhance the quality and accuracy of photographs, improving detail and sharpness, adjusting exposure, contrast and color balance as well as identifying and removing objects if required. Machine learning algorithms further assist by analyzing enormous datasets of images, identifying and differentiating between different objects and subjects. This can be used to create personalized image recognition tools that can help the AI identify certain scenes or objects, and insert the 3D object into the scene creating an infinite amount of lifestyle photography and revenue potential.

This AI tool is expected to drive significant revenue for the company as each product listed for sale on an ecommerce platform requires a minimum of six 2D photos for listing, this offering allows the company to capitalize on this demand for 2D high res images while simultaneously increases the value of its 3D modeling business as it represents the all-in-one solutions for ecommerce sellers that sell on Amazon, Shopify and other platforms.

Topics: Investor Relations 3D/AR AI Photography
8 min read

Nextech3D.ai Reports Q1 2024 Revenue of $1,024,000 & 51% Profit Margin

By Nextech3D.ai on May 24, 2024 6:00:00 PM

Q1 Highlights

Multiple Breakthrough Generative AI Patents Issued

Year Over Year Margin Improved by + 70%

Cost-cutting measures reduced operating loss by 47%

The company is Exclusively focusing on large enterprise contracts which are anticipated to have a major impact on the business's future quarters

TORONTO, O.N., Canada – May 24, 2024  Nextech3D.ai (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a frontrunner in generative AI-powered 3D modeling technology for major e-commerce entities such as Amazon, Miele, P&G, Kohls, and Wesfarmers Group's "Bunnings," other major e-commerce retailers report its unaudited financial and operating results for its first quarter ended March 31, 2024.

Topics: Investor Relations 3D/AR AI
4 min read

Nextech3D.ai Achieves Milestone with 3D AI Modeling Profit Margins Hitting 80% in Q2 2024 Up From 30% in 2023

By Nextech3D.ai on May 2, 2024 7:30:00 AM

TORONTO, O.N, Canada – May 2, 2024 -   Nextech3D.AI (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a patented 2D-3D Generative AI-Powered 3D model supplier for Amazon, Miele, P&G, Kohls, Wesfarmers Group "Bunnings" (Australia's largest listed company) and other major e-commerce retailers are excited to announce a major milestone in its 3D modeling business for eCommerce by hitting 80% gross profit in Q2, 2024 which is up 166% from 30% in 2023. This milestone achievement is only possible through the company's investment in AI and its pivot to Hyderabad India in Q3, of 2023.

Topics: Investor Relations
6 min read

Nextech3D.ai Reports Fiscal Year 2023 and Fourth Quarter 2023 Audited Financial Results

By Nextech3D.ai on Apr 29, 2024 4:31:11 PM

2023 Annual Revenue Growth of + 56%

2023 Annual Revenue of $5 million

 

Topics: Investor Relations Earnings Call
5 min read

Nextech3D.ai Reports 2023 Third Quarter Earnings

By Nextech3D.ai on Nov 29, 2023 4:31:00 PM

YTD Revenue up 97% Compared to Same Period Last Year

Topics: Investor Relations
5 min read

Nextech3D.ai Closes Final Round of Private Placement Raising a Total of $1,098,926

By Nextech3D.ai on Nov 29, 2023 2:42:18 PM

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Topics: Investor Relations
5 min read

Nextech3D.ai Investor Livestream Discussing New AI Technology Tomorrow November 30

By Nextech3D.ai on Nov 29, 2023 7:35:00 AM

TORONTO, O.N, Canada – November 29 , 2023  Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers announces that CEO Evan Gappelberg and Head of Product Operations Hareesh Achi will join Proactive LIVE tomorrow for a special investor livestream event. They will discuss latest business developments as well as the Company’s proprietary artificial intelligence (AI) technology that creates 3D experiences at scale for e-commerce.

Topics: Investor Relations
5 min read

Nextech3D.ai Announces $3.6 Million Private Placement

By Nextech3D.ai on Nov 2, 2023 7:35:00 AM

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

Toronto, ON – November 2
, 2023 – Nextech3D.AI (the “Company”) (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2) announces that it proposes to complete a private placement (the “Offering”) pursuant to which it will issue up to 30,000,000 units (“Units”) at a price of $0.12 per Unit, to raise aggregate gross proceeds of up to $3.6 million.

Topics: Investor Relations
5 min read

Nextech3D.ai Expands Profit Margins and Slashes Overhead Costs as it Opens Office in Hyderabad India

By Nextech3D.ai on Oct 31, 2023 7:35:00 AM

TORONTO, ON, Canada – October 31, 2023  Nextech3D.AI (the “Company”) (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is pleased to announce the grand opening of its office space in Hyderabad, India. This expands Nextech3D.ai’s profit margins and dramatically reduces overhead costs projected to save the Company as much as $4 million annually. The Company recently appointed Hareesh Achi as the new Head of Product Operations to lead this initiative. Hareesh has worked at industry titans MSFT & META for over a decade developing a deep-rooted understanding of managing big technology operations.

Hyderabad has been crowned by investors as India’s next startup powerhouse destination. “From 2014 to 2023, Hyderabad has emerged as a powerhouse in the Indian startup landscape. Its startup ecosystem now proudly boasts 4,369 tech startups.”

Topics: Investor Relations
4 min read

Nextech3D.ai to Present at the AI and Big Data Virtual Investor Conference November 2nd

By Nextech3D.ai on Oct 30, 2023 7:35:00 AM

TORONTO, O.N, Canada – October 30, 2023 -   Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is pleased to announce ​​that Nextech3D.ai CEO Evan Gappelberg will present live at AI and Big Data Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on November 2nd, 2023.

Topics: Investor Relations