Nextech3D.ai Announces New Production Record Having Delivered More Than 50,000 3D Models
Martech Outlook | Wednesday, August 09, 2023
Company is experiencing accelerating 3D Model Demand in Q3,2023
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TORONTO, O.N, Canada - Nextech3D.AI (formally “Nextech AR Solutions Corp'' or 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 has just surpassed a major milestone having delivered more than 50,000 3D models to its satisfied customers. This remarkable achievement reflects a notable surge in both production and demand throughout 2023, driving the Company to report record-breaking preliminary results of $1.4mill +155% in the second quarter of 2023, and to forecast $1.7-$1.9mill in Q3 + 200% YoY. This positive outlook is driven by the accelerating demand for their state-of-the-art solutions.
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Nextech3D.AI is at the forefront of the massive and growing 3D modeling industry, utilizing cutting-edge Generative AI technology to create photo-realistic 4K 3D models that cater to the specific needs of major e-commerce giants including Amazon and others. It’s estimated that ecommerce is a $5.5trillion dollar global industry and that Amazon alone has over 300 mill products. To date total 3D models converted is still <1% of the total leaving massive room for growth in the years to come. Due to a strong ROI on 3D models the Company has been seeing a growing market appetite for immersive and interactive shopping experiences, now in Q3, demand is starting to rapidly accelerate.
Evan Gappelberg, CEO and Founder of Nextech3D.ai commented, "We are thrilled to have achieved this significant milestone of delivering over 50,000 3D models to our valued clients. The accelerating demand for our immersive 3D models is a testament to our commitment to Generative AI innovation and exceptional customer satisfaction. Nextech3D.AI remains committed to providing exceptional services to its growing and diverse clients including the e-commerce giant Amazon, while embracing advanced Generative AI technology to stay ahead in the ever-evolving e-commerce landscape. With a strong focus on AI powered innovation and customer satisfaction, the Company is poised to achieve its goal of becoming the dominant 3D modeling company.”
Recently, the Company announced it had achieved a major breakthrough in generative AI technology that facilitates the generation of 3D materials from text prompts. This breakthrough in text to 3D material creation is key in driving the company forward in its quest to be the dominant 3D model supplier for the ecommerce industry. The 3D models for e-commerce TAM are estimated to be worth $100 billion over the next decade.
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