Nextech AR Solutions (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), a diversified leading provider of augmented reality (“AR”) experience technologies and services, announced that it has completed the acquisition of Threedy.ai Inc. The acquisition of the artificial intelligence (“AI”) company was completed through a $9.5 million all-stock transaction. Through the acquisition, Nextech anticipates creating net new revenue opportunities that scale with the global adoption of AR. The announcement noted that retailers such as Kohl’s, Pier1 and K-Mart Australia are already using Threedy’s technology in order to provide AR shopping experiences. The two companies together can create a unified, scalable 3D content creation engine for all AR solutions. “By combining Threedy’s disruptive AI technology and our leading AR platform, we have just changed the game,” said Nextech founder and CEO Evan Gappelberg in the press release. “With our integrated platform powered by AI, users can quickly transform 2D objects into AR enabled 3D, while removing the friction that currently exists within the customer value chain. Simply, one will be able to take a photo, convert it to a high-resolution 3D image within minutes and have that item displayed on a phone or device in augmented reality in web AR. This is a true game changer for e-commerce businesses and product manufacturers alike, and for the more than 100 million and growing consumers shopping with AR online and in stores today who are driving the mass adoption of augmented reality in everyday life.”
To view the full press release, visit https://ibn.fm/r7FsV
About Nextech AR Solutions Corp.
Nextech develops and operates augmented reality (“AR”) platforms that transport three-dimensional (“3D”) product visualizations, human holograms and 360° portals to its audiences altering e-commerce, digital advertising, hybrid virtual events (events held in a digital format blended with in-person attendance) and learning and training experiences.
Nextech focuses on developing AR solutions; however, most of the company’s revenues are derived from three e-commerce platforms: vacuumcleanermarket.com (“VCM”), infinitepetlife.com (“IPL”) and Trulyfesupplements.com (“TruLyfe”). For more information about the company, please visit www.NextechAR.com.
NOTE TO INVESTORS: The latest news and updates relating to NEXCF are available in the company’s newsroom at https://ibn.fm/NEXCF
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