Next Level AR Technology

Nextech AR is a Global Augmented Reality Company Providing Critical AR Solutions at Scale

One of the most exciting growth markets to keep an eye on, is Augmented Reality (AR) and Virtual Reality (VR). Nextech is focusing on the AR of it all, providing the market with unique, scalable solutions that are designed to dramatically impact the bottom line. The AR/VR market is expected to grow to 296 Billion by 2024, and we think Nextech is going to grow right along with it.

Q2 2021 Results
Rapid Growth Is Being Fueled by Innovation 

Nextech AR Solutions: Augmented Reality & Virtual Events for Business & Institutions

Nextech AR Q2 Financial Highlights:

  • Revenue of $6.1 million, an increase of over 73% (compared to the same period in 2020)
  • Year-to-date revenue of $13.8 million, an increase of over 130% (compared to the same period in 2020)
  • Total Bookings of $1.7 million, an increase of over 300%

Listen to the 2021 Q2 Conference Call featuring CEO Evan Gappeleberg and CFO Andrew Chan – click here.

4 Ways Nextech is Transforming the Industry

01 Measurable ROI —

Nextech’s innovative, end-to-end augmented reality solutions are designed to drive sales, increase product awareness, and other measurable metrics.

02 Groundbreaking Tech —

Nextech is pioneering multiple AR technologies in several verticals, including human holograms, AR product visualization, ecommerce and advertising, and augmented packaging solutions. 

03 Fortune 500 Clientele —

Companies like Amazon, Viacom, Johnson and Johnson, Bell Canada, and many more trust Nextech with their business.

04 Solving a $300B Problem —

Product returns represent $300B of lost e-commerce revenue, and Nextech’s AR solutions have been shown to reduce returns by as much as 50%, while increasing conversions by 20%. That’s a massive difference in potential revenue for online retailers. 

Nextech is a Next Level AR Company

Nextech AR Solutions is one of the leaders in the rapidly growing Augmented Reality market, which is estimated to reach USD $72.7B by 2024. They are a diversified enterprise AR solutions provider, offering the FIRST scalable content creation platforms targeting ecommerce, advertising, and smart packaging. 

Nextech is currently pursuing unique verticals with their digital transformation technology;
Virtual/Hybrid Conference Platform: An advanced Augmented Reality and Video Learning Experience Platform for Events, is a SaaS video platform that integrates Interactive Video, Artificial Intelligence and Augmented Reality in one secure platform to allow enterprises the ability to create the world’s most engaging virtual event management and learning experiences. Automated closed captions and translations to over 64 languages. According to Grandview Research the global virtual events market in 2020 is $90B and expected to reach more than $400B by 2027, growing at a 23% CAGR. With NexTech’ s Virtual Conference Platform having augmented reality, AI, end-to-end encryption and built in language translation for 64 languages, the company is well positioned to rapidly take market share as the growth accelerates globally.
eCommerce: The company launched its SaaS platform for webAR in eCommerce early in 2019. NexTech has a ‘full funnel’ end-to-end eCommerce solution for the AR industry including its Aritize360 app for 3D product capture, 3D/AR ads, its Aritize white label app it’s ‘Try it On’ technology for online apparel, 3D and 360-degree product views, and ‘one click buy’.

Ad Network – 3D/AR Advertising Platform: Launched in Q1 2020 the ad platform will be the industry’s first end-to-end solution whereby the company will leverage its 3D asset creation into 3D/AR ads. In 2019, according to IDC, global advertising spend will be about $725 billion.
Education Solutions: Nextech AR enables educational institutions to transform traditional learning and event formats into valuable digital experiences that K-12 and Higher Education students are seeking. Powered by Microsoft Azure, the company’s global solutions combine enterprise scale video streaming, integrated assessments, augmented reality holograms, virtual Labs and data analytics.

The Race to the Metaverse

It may sound like Marvel’s latest Avengers installment, but no; the race to the Metaverse is a very real thing. And Nextech’s latest acquisition, U.K. based spatial computing company ARWAY Ltd., puts it in a prime position to become the Metaverse leader.

So what exactly is the Metaverse? Great question. The Metaverse is basically an entire virtual world that many digital leaders believe is the next step in the internet and computing as a whole. You might think of it like a completely immersive online game, that everyone can interact with via digital avatars; something that until recently only existed in science fiction. To be fair, that is still (sort of) the case.

While the technology continues to catch up to the eventual applications, someone has to begin building the framework for this massive undertaking. That’s where Nextech and ARway come in. The revolutionary technology ARway provides allows users to build mini-metaverses. Nextech would be a first-mover in this innovative area, utilizing ARway tech and their own advanced AR/VR applications to create interactive business fronts, map worlds, and basically provide the fundamental building blocks to this unbelievably exciting development.

In a recent press release, Nextech CEO Evan Gappelberg stated, “Creating the metaverse is the most ambitious thing we can accomplish as an augmented reality company, and now with the ARway platform plus Baran and Nikhil joining the Nextech team, we are positioned to do just that. The potential for Nextech to be first to market with mini-metaverses, spatial maps as NFT’s in the metaverse and leveraging our creator platform HoloX to populate the metaverse with content at scale is super exciting to me.” He continues, “with our global sales and marketing machine, our combined AI teams and our existing AR tech and resources as a public company, I’m convinced that we will quickly take a leadership position in the AR metaverse!”
Baran Korkmaz, CEO Co-founder of ARway also commented,”I believe this will be a historic moment in the development of the Metaverse, a vision that started over four years ago with ARWAY. Unifying human-machine understanding by connecting the digital and physical world to empower people to connect and share in deeper, more meaningful ways. And this vision is now becoming a reality with our new family at Nextech. As the future of augmented reality is inevitable, in this new age of Web 3.0, Mixed Reality and wearable cameras, it will be a large effort to map the physical world. And just like today’s web, there will be various use cases, proprietary data, walled gardens, and permission layers. So I’m super excited to be joining Nextech, where we will be at the next tech frontier”.
While the technology continues to catch up to the eventual applications, someone has to begin building the framework for this massive undertaking. That’s where Nextech and ARway come in. The revolutionary technology ARway provides allows users to build mini-metaverses. Nextech would be a first-mover in this innovative area, utilizing ARway tech and their own advanced AR/VR applications to create interactive business fronts, map worlds, and basically provide the fundamental building blocks to this unbelievably exciting development engaging consumers.

 

As first-movers, Nextech holds the advantage of setting the tone. It has the ability to profit immensely from this move, and we are excited to see the future unfold.
Click here to read more – Nextech AR Solutions Positioned To Lead The Metaverse with Closing Of ARWAY Ltd.

How Nextech Could Save Online Retailers $150B

One of the biggest problems for ecommerce businesses (to the tune of $300B), is returns. It makes sense. People order things online, and when the item arrives it just isn’t quite right in some way. So they send it back and get a refund. No harm, no foul. Unless you’re the retailer. In that case, you’re looking at a huge amount of lost revenue, and possibly even a damaging review.

To solve this massive issue, Nextech has recently acquired Threedy.ai. Threedy’s AI, combined with Nextech’s powerful AR platform is a true game-changer for 3-D imaging in the ecommerce world. Having AR representations of products has been shown to reduce returns by up to 50%, and increase shopping cart conversions by 20%. At the very least that’s $150B in saved revenue every year!

So why doesn’t every retailer offer AR-enabled shopping? It’s simply a matter of scaling; at the moment, creating 3-D renderings of products is expensive and time-consuming. Each product has to be individually examined, designed, and rendered by an AR expert to make a usable image. But Threedy’s advanced AI allows excellent 3-D models to be created with just a picture of the item. Nextech can now offer big box retailers like Khols, Pier 1, and K-Mart Australia (who are already clients of Threedy) quick, affordable, scalable, high-quality 3-D imaging.


NexTech AR Solutions sign definitive deal to acquire artificial intelligence company Threedy.ai 

 

“By combining Threedy’s disruptive AI technology and our leading AR platform, we have just changed the game,” commented Evan Gappelberg, Founder and CEO of Nextech, in a recent 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 webAR. 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.”

Threedy.ai a Nextech AR company 

Click here to learn more – How Augmented Reality Changes The Economics of Online Furniture Sales 


Opportunities in Education

A recent Network News Wire article illustrated just how big an opportunity there is in the online education space. As stated in the piece, the global edtech market is estimated at $106 billion and forecast to expand at a 19.9% CAGR through 2028. Nextech, who is already partnered with Microsoft, Ryerson University, and more, is already well-positioned to take advantage of that growth.  

Nextech’s edtech product, EdTechX, was launched earlier in June and has already received Microsoft’s co-sell ready status. That elite status unlocks a suite of benefits for Nextech, including sales planning, lead sharing, and more. Microsoft only offers this advantage to companies with cutting-edge tech and proven customer success.

“Nextech AR Solutions is helping education institutions digitally transform the way educators teach and the way students learn, by enabling remote experiential learning through EdTechX,” said Nancy Teodoro, education partner lead at Microsoft Canada.

Ryerson, Carnegie Mellon, and the Black Student fund have already begun using EdTechX, and the continued success of the product will pave the way for Nextech to begin courting the 5,300+ higher education institutions.

EdTechX is currently available on Azure marketplace and discoverable to millions of customers across 141 geographies and provides access to Microsoft’s existing procurement relationships.


Recent Press Releases


Nextech AR is Leading Innovation in Augmented Reality Solutions

With the advent of 5G, wearable devices, and the IoT, the way we interact with technology is changing at a breakneck pace. Just a few months ago we were all working in an office, face-to-face. Now, most of us are working from home using services like Zoom, Skype, or Google Meet. Our kids spent a whole year learning from their computers in virtual classrooms, and it’s safer to shop online than in-person.

The convergence of consumer need and technological capability has created a perfect storm of opportunity for those who can seize the moment.

Nextech AR is an exciting company to watch as the need for AR innovation grows. Global spending on AR/VR is expected to increase by 78% this year alone, with no sign of slowing down.

Nextech AR is using cutting edge technology to deliver superior user experiences across these main verticals (Advertising, Events, e-Commerce, EdTech), and supply measurable ROI for their clients.

An example of this cutting edge technology is Nextech’s “Genie in a Bottle”. Watch a preview below:

 

Related: NexTech launches Groudbreaking AR Human Hologram for TruLyfe Supplement Line.

CAD TO POLY SOLUTION

In a recent press release, the Company announced it has filed a provisional patent covering the conversion of CAD files into 3D models. CAD to 3D model conversion capability implies drastically improved scalability associated with Nextech’s 3D models for ecommerce, with the creation of photo realistic, fully textured 3D models from raw CAD models and reference images. This technology will greatly reduce the cost and accelerate the CAD conversion process across industries.  

CEO Evan Gappelberg commented on the technology, “Most modern products that have ever been built have been manufactured from reference CAD models. Think of it, that’s billions of products worldwide, and Nextech has invented an easy way to turn them into 3D models. Instead of using 2D images to create 3D models, we now have the ability to go straight to the source, where the products are actually designed by engineers (CAD files) and render these into perfect 3D models, at scale. Our new CAD to POLY solution is backed by technology that will prove to be the holy grail of scaling 3D content.”

Nextech AR CEO Evan Gappelberg and CTO Nima Sarshar, joined Proactive investors to discuss the news:

 

Working With the Best

Several multi billion dollar companies are slugging it out in the competitive AR space. So why do we have an eye on NexTech, the scrappy small-cap company? The fact that they posted $20M in revenue in 2020 helps, to be sure. One of the things we like so much is the passion of Evan Gappelberg, CEO of NexTech. He has hands-on experience taking startups to sky-high valuations from nothing, and is heavily involved in the operations of NexTech.

Evan recently went on a shopping spree and bought 250,000 shares of (drumroll please) NexTech. He believes in his company and thinks that it’s being undervalued. His faith is inspiring, and the direction the company is going makes us think he’s right.

The entire NexTech team boasts impressive resumes, and the recent addition of a new Chief Financial Officer (CFO) and VP of Investor Relations is encouraging.

As announced in recent press releases, Nextech has appointed Andrew Chan, 20 year finance veteran as the Company’s new CFO. Andrew has over 20 years of experience across finance, accounting, business analytics, and strategy, focusing on the technology and financial services sectors.

“I’ve been hyper-focused on building a world-class team and am very pleased Andrew has joined us at this critical stage in our journey. Given the caliber of the executive and management teams now in place and the recent additions to our growing team, I’m more confident than ever we will succeed in realizing our vision while addressing our multi-stakeholder responsibilities,”

Nextech have also appointed Bradley Gittings as the Company’s Vice President of Investor Relations. Bradley has over twenty years of experience in investments, capital markets and investor relations. 

“Nextech’s growing suite of augmented reality solutions are attracting a lot of attention, not only from customers but also from investors and analysts. Bradley’s experience and success in building IR programs that respond to investor and financial analyst expectations will enable us to communicate to both retail and institutional investors,”

Over the last six months, Nextech has been successful in attracting top talent from SAP, Apple, Microsoft Corporation, Disney, IBM, Oracle, NortonLifeLock, Fastly Salesforce.com, and more.

To recap: 

There is massive opportunity for AR in multiple markets due to a convergence of technological innovation and consumer need. A diversified small-cap company like NexTech is primed to leverage their current relationships into huge contracts, while they continue to advance the performance of their AR tech. 

Investment Considerations

  • Diverse Offerings – NexTech is innovating across 4 verticals: Advertising, e-Commerce, The Metaverse, and EdTech. 
  • Growth Market – The AR market is expected to grow to USD 340.16 billion by 2028, with a CAGR of 43.8% from 2021 to 2028. 
  • Results Driven – NexTech is driving market-wide AR adoption by increasing product awareness, online sales, brand loyalty, and measurable ROI.
  • Leadership – Experienced, passionate leadership is enabling NexTech to make smart acquisitions and hires that will expand the company’s market share.
  • Team is collectively dedicated to building toward $1B in revenue 
  • Leadership comes from Fortune 500 companies including Apple, Microsoft, SAP 
  • Large insider ownership, with the CEO holding 10% and climbing.

 

Executive Team 

 

 

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  • Name of Issuer & Ticker Symbol - NexTech AR Solutions Corp. (NEXCF)
  • Amount & Form of Compensation - $1,030,000.00 in Common Stock
  • Who Paid for the Campaign & Position with Company if any - NexTech AR Solutions Corp.
  • Period of Campaign - March 4th 2021 to February 18th 2022
What securities of the Profiled Issuers do we hold? The positions we hold of the Profiled Issuer are set forth below. We plan to sell these securities during the Campaign.
  • Name of Issuer & Ticker Symbol - NexTech AR Solutions Corp. (NEXCF)
  • Number of Shares We or our Affiliates Hold - 200,000
  • Price We Paid Per Share - $0
  • Date Issued - 2/3/2021

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