Nextech AR Solutions (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), a metaverse company and leading provider of augmented reality (“AR”) experience technologies and services, web3.0 and 3D model services, has unveiled a significant new technology advancement for the events space as well as releasing upgrades to ARway, its augmented reality spatial mapping platform. The company’s upgraded ARway, along with Map D, which is a self-serve event management software solution, provide a total package event management product; with the global indoor positioning and navigation market forecast to grow to $23.6 billion in 2025 with a CAGR of 27.9%, the new offering creates a new major potential revenue driver for the company. According to the announcement, AR wayfinding is designed to be an ideal fit between ARway and Map D events, which manages almost one thousand events annually including expos, trade shows, conferences and festivals. The Nextech solution offers wayfinding meta maps, engaging spatial experiences, and deep location intelligence. In addition, Nextech released ARway, version 1.2, which includes upgrades to the Web Creator Portal, the ARway Mobile App and ARwayKit Software Development Kit (SDK).
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About Nextech AR Solutions Corp.
Using breakthrough artificial intelligence (“AI”), Nextech is able to quickly, easily and affordably ARitize (transform) vast quantities and varieties of existing assets at scale making products, people and places ready for interactive 3D use, and giving creators at every level all the essential tools they need to build out their digital AR vision in the metaverse. The company’s platform-agnostic tools allow brands, educators, students, manufacturers, creators and technologists to create immersive, interactive and the most photo-realistic 3D assets and digital environments; compose AR experiences; and publish them omnichannel. With a full suite of end-to-end AR solutions in 3D commerce, education, events and industrial manufacturing, Nextech is in a unique position to meet the needs of the world’s biggest brands and all metaverse contributors. Nextech funds the development of its AR and metaverse growth initiatives through its e-commerce platforms, which currently generate most of its revenue. Nextech’s e-commerce platforms include vacuumcleanermarket.com (“VCM”), infinitepetlife.com (“IPL”) and Trulyfesupplements.com (“TruLyfe”). VCM and product sales of residential vacuums, supplies and parts, and small home appliances sold on Amazon. These e-commerce platforms serve as an incubator for developing and testing Nextech’s leading-edge AR, AI and machine-learning applications for powering next-generation e-commerce technology. For more information about the company, please visit www.NextechAR.com.
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