NexTech AR Integrates Zoom
Video Conferencing Into Remote Work & Learning
Platform
New Technology Enhances Zoom Calls With
Augmented Reality
New York, NY – Toronto, ON, Canada -- March 24, 2020 --
InvestorsHub NewsWire -- NexTech AR Solutions
(NexTech) (OTCQB:
NEXCF) (CSE:
NTAR) (FSE: N29), the leader in augmented reality for eCommerce
and AR learning applications, is pleased to announce that it has
integrated Zoom (NYSE: ZM) into Jolokia’s Inferno platform
extending the capabilities of Zoom meetings out to 100,000 people
concurrently with real-time Q&A Plus immersive AR creating a
one of a kind new platform. Nextech has a binding LOI to
acquire remote video training, live streaming software company
Jolokia; whose blue-chip customers include Merck,
Toyota Viacom CBS, Polycom and others.
What the Inferno - Zoom meetings integration
means
-
Now, you can extend the value of your Zoom meetings out
to 100,000 people concurrently with Q&A on the Inferno
Platform, amplify your video experiences and other live events in
one simple interface that covers all of your work-from-home
needs.
-
With added features like live moderated questions and
simple registration this integrated platform can extend corporate
meetings, school classes and lectures, product demonstrations, and
trade show presentations to wide audiences while maintaining a
high-quality small Zoom conference experience and also maintaining
real-time moderated interactivity.
Evan Gappelberg, Nextech CEO comments “ We are moving
very fast with the team at Jolokia and with this Zoom integration
we have created a tremendous amount of value for the combined
companies. As everyone has experienced lately the Zoom
platform works really well for a small group but glitches when many
people join”. He continues “With the Jolokia and Zoom integration
we have created net new platform capabilities which exceed that of
a Zoom conference alone. As of today we can now broadcast a
Zoom live conference with enhanced AR to 100,000 thousand of
people, without any glitching, which is huge”.
With corporate meetings and events going virtual through
online collaboration and web conferencing tools, NexTech has
developed a method to seamlessly integrate 3D photo realistic
holograms of people and products to these virtual events through
it’s ARitize App. Whether you need to host a
full-featured conference, a keynote for a major product
announcement, a virtual booth to welcome your partners, investors,
and advocates, or remote training sessions, NexTech is able to help
you reach the heart of your audience, with our unique AR
touch.
Pete Mastin, CEO of Jolokia comments, “With the
integration of NexTech’s augmented reality holograms, our Inferno
platform is well positioned as the world's most advanced Video
Learning Experience Platform (LXP). Combining live
broadcasting with Interactive Video, Artificial Intelligence and
Holograms, corporations are now able to rapidly deliver immersive,
engaging learning experiences anywhere” He continues, “We are very
excited to merge with NexTech AR as we believe the combination of
our Inferno Platform with NexTech’s formidable tech stack will
create a new generation of Learning & Development products that
will gamify the learning experience in a way that has not been seen
before.”
Evan Gappelberg, CEO of NexTech commented “On January 28th we announced
that we had started working with the team at Jolokia to integrate
our AR into their Video Learning Experience Platform. The
Nextech team quickly cracked the code on the integration of our AR
into their platform, creating an enormous opportunity for both
companies”. Gappelberg continues “Imagine watching a training
video, going to a virtual conference or webinar and being able to
take what you are seeing on screen and put it in the room with you
as a 3D/AR experience. Having AR seamlessly work in video
training, virtual conferences or webinars provides us with
competitive differentiation and a very timely addition to our AR
omni-channel offerings. With the spread of the Cronovirus all
governments, Learning Institutions and Corporations are forcing a
huge paradigm shift in society to remote work, training and
learning creating massive new demand which should lead to explosive
adoption for this platform. We expect to see a big upside in
this deal for Nextech shareholders”.
With the Global coronavirus pandemic disrupting all
large gatherings demand for remote training is surging which
will undoubtedly drive awareness and adoption of the company’s
video conferencing, live streaming and remote training platform
with integrated AR features. Many global companies including
Google, Microsoft, Twitter. Hitachi, Apple, Amazon, Chevron,
Salesforce and Spotify have rolled out mandatory work-from-home
policies amid the spread of Covid-19. The fast-spreading Covid-19,
has increased demand for Jolokia’s software as schools close,
business travel, conferences and leisure travel are all cancelled
and more employees work from home. The work-from-home trend had
already started with ZOOM’s (ZM) popularity before the Coronavirus.
Now that the Cronovirus has emerged demand has surged which should
drive demand for the merged company’s remote-work AR tools which
include: AR-virtual conferences,AR-live streaming, AR-webcasting,
AR-remote training.
Recent Company News in 2020:
-
The Aritize360 “early Access” app available in March.
The app, once launched, will be a boost to the revenue-generating
power of the existing AR eCommerce solution and recently launched
3D/AR advertising platform.
-
The company achieved $800,000 in revenue for the month
of January 2020 and gross profits of $528,000 representing a 66%
Gross profit versus a 59% gross profit last month. This is the
highest revenue achieved in a single month for NexTech, which
represents a 110% increase in revenue and 172% increase in gross
profits year over year.
About NexTech AR Solutions Corp.
NexTech is one of the leaders in the rapidly growing AR
industry, estimated to hit $120 billion by 2022, according to
Statista. NexTech, the first publicly traded “pure-play” AR
company, began trading on the CSE on October 31st, 2018. NexTech
has a two-pronged strategy for rapid growth including growth
through acquisition of eCommerce businesses and growth of its
omni-channel AR SaaS platform called ARitize™.
The company is pursuing four multi-billion-dollar
verticals in AR.
ARitize™ For eCommerce; The company launched its
technologically advanced webAR for eCommerce early in 2019 and has
been rapidly signing up customers onto its SaaS platform. Customers
include Walther Arms, Wright Brothers, Mr. Steak, and Budweiser.
NexTech has the first ‘full funnel’ end-to-end eCommerce solution
for the AR industry including its 3D product capture, 3D ads for
Facebook and Google, ‘Try it on’ technology for online apparel, 3D
and 360-degree product views, and ‘one click
buy’.
ARitize™ University; having launched in June 2019, the
app-based solution allows companies and educational establishments
to leverage all of their existing 2D assets - YouTube videos, PDF
documents, PowerPoint decks, images, etc. - and then overlay
immersive 3D-AR experiences on top of that content for an
interactive training experience that drives
productivity.
ARitize™ Hollywood Studios; the studio has created a
proprietary entertainment venue for which it is producing immersive
content using 360 video, and augmented reality as the primary
display platform.
ARitize™ 3D-AR-360 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, 360, AR ads. In 2019, according to IDC, global advertising
spend will be about $725 billion.
To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn, and Facebook, or visit our website: https://www.nextechar.com.
On behalf of the Board of NexTech AR Solutions
Corp.
“Evan Gappelberg”
CEO and Director
For further information, please contact:
Evan Gappelberg
Chief Executive Officer
info@nextechar.com
The CSE has not reviewed and does not accept
responsibility for the adequacy or accuracy of this
release.
Certain information contained herein may constitute
“forward-looking information” under Canadian securities
legislation. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as, “will
be”, “looking forward” or variations of such words and phrases or
statements that certain actions, events or results “will” occur.
Forward-looking statements regarding the Company increasing
investors awareness are based on the Company’s estimates and are
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, levels of activity, performance
or achievements of NexTech to be materially different from those
expressed or implied by such forward-looking statements or
forward-looking information, including capital expenditures and
other costs. There can be no assurance that such statements
will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements and forward-looking information. NexTech
will not update any forward-looking statements or forward-looking
information that are incorporated by reference herein, except as
required by applicable securities laws.
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