scoobey-do
7 days ago
Nextech3D.ai Announces Date For Financial Results and Webcast For Fourth Quarter & Full Year 2023
TORONTO, ON, Canada – April 12 , 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a patented 2D-3D Generative AI-Powered 3D model supplier (Patent #11,948,248) for Amazon, Miele, P&G, Kohls, Wesfarmers Group ``Bunnings” (Australia’s largest listed company) and other major e-commerce retailers will release its audited full year and fourth quarter 2023 financial results after markets close on Monday, April 29, 2024.
In February, the Company released the preliminary unaudited results showing strong annual revenue growth of +56% to $5 million compared to $3.2 million in 2022. Annual gross profit margin for 2024 is estimated at 30% with the Company's pivot to India in Q4, 2023. Thank you to all of our customers, employees, suppliers, shareholders and supporters who helped us achieve a great 2023.
Subsequently, Nextech will host a conference call to discuss the full year and fourth quarter 2023 results Monday, April 29, 2024 at 5:00 PM Eastern Time.
Please join Evan Gappelberg, Chief Executive Officer, and Andrew Chan, Chief Financial Officer, to discuss these financial and operating results followed by a question and answer period.
Preliminary Annual 2023 Financial Highlights
• 2023 Annual revenue growth of 56%
• 2023 Annual revenue of $5 million compared to $3.2 million in 2022
• 70,000 3D models created 12/31/2023.
Conference Call Details:
Title: Nextech3D.ai Full Year 2023 and Q4 2023 Financial Results
Call Date: Monday, April 29, 2024
Time: 05:00 PM (GMT-04:00) Eastern Time (US and Canada)
Participant Details:
North America Toll-Free: (888) 330-2024
North America Toll: (646) 960-0187
International Toll: +1(646) 960-0187
Conference ID: 7778367
Webcast Attendee URL: https://events.q4inc.com/attendee/810085104
For those unable to join the live event, a recording of the presentation will be posted on the Company's Investor Relations website.
scoobey-do
2 weeks ago
Nextech3D.ai Releasing New 3D GPT-AI For Toggle3D.ai The “All-IN-ONE 3D Platform”
Launching Several Enhanced AI Productivity Tools
• Content Management of 3D models (3D Cloud)
• New EXPANDED Generative AI texturing library
• AI 3D Mesh Search Engine
• Join the CEO Livestreams TODAY April 4 Showcasing NEW AI Technology
TORONTO, ON, Canada – APRIL 4, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a patented 2D-3D Generative AI-Powered 3D model supplier (Patent #11,948,248) for Amazon, Miele, P&G, Kohls, Wesfarmers Group ``Bunnings” (Australia’s largest listed company) and other major e-commerce retailers is thrilled to integrate various AI capabilities from its technology stack into the Toggle platform boosting 3D modeling productivity. The Company’s distinctive AI mesh search algorithm is now fully installed, enabling 3D modelers to search for quad 3D meshes using just a 2D image. The new and improved Toggle platform allows for the purchase of the 3D mesh a la carte and then the customization of the 3D model's texture. This AI powered streamlined process empowers users to embark on their 3D journey with only a 2D image, leveraging the user-friendly AI tools available in the Toggle platform. Additionally, this new AI mesh search engine with a la carte buying of 3D meshes allows Nextech3D.ai to create an extra revenue stream by monetizing its extensive 3D mesh library.
Furthermore, Nextech3D.ai is expanding its texture library within Toggle3D to offer users an extensive selection of textures for customizing their 3D models. This enhancement positions the Toggle3D platform as a comprehensive ALL-IN-ONE solution for all 3D modeling needs across various applications.
Nextech3D.ai is continuously assessing its users' requirements, integrating additional features into the Toggle3D platform that generate additional revenue streams as well enhance users experience and productivity. Further details on the Company’s AI roadmap will be provided shortly.
scoobey-do
2 weeks ago
NEXTECH3D.AI ISSUED PIVOTAL AI PATENT FROM USPTO FOR GENERATING 3D MODELS FROM 2D IMAGES
Join the CEO Evan Gappelberg as he Livestreams NEW AI Technology Thurs April 4
TORONTO, O.N, Canada – APRIL 3, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), a patented 2D-3D generative AI-powered 3D model supplier (Patent #11,948,248) for Amazon, Miele, P&G, Kohls, Wesfarmers Group “Bunnings” (Australia’s largest listed company) and other major e-commerce retailers is proud to announce that U.S. Patent and Trademark Office (USPTO) has officially issued a patent for the Company’s technology to generate three-dimensional (3D) models from two-dimensional (2D) images: Patent #11,948,248.
Nextech3D.ai CEO Evan Gappelberg commented, “We are extremely pleased that we have been awarded this patent by the USTPO, and we believe that it is a pivotal patent for our patent portfolio. We see this patent in the context of AI, and 2D to 3D model generation as the key patent for the 3D modeling industry which adds value to Nextech3D.ai and for our shareholders.” He continued, “ With this patent being recognized by the USPTO, we are now one of the technology leaders in the field of 2D photos to 3D models using AI. We will be promoting this new patent as it really gives us a competitive advantage and separates Nextech3D.ai from other companies that make 3D models. With this second AI patent issuance and seven additional patents filed, we continue to build a moat around our 3D model making for e-commerce business with BOTH industry expertise and intellectual property; which includes GPT AI powered 3D model generation. This second AI patent approval reinforces and validates Nextech3D.ai's commitment to increasing shareholder value by investing in 3D-AI GPT patents and solutions while simultaneously generating millions in annual 3D modeling revenue.”
USPTO web reference for the patent : THREE-DIMENSIONAL (3D) MODEL GENERATION FROM TWO-DIMENSIONAL (2D) IMAGES
Livestream Details
Nextech3D.ai will host a special livestream event on Proactive Investors with CEO Evan Gappelberg, who will discuss new AI tech updates.
The Company invites individual and institutional investors, as well as advisors and analysts to attend the live, interactive online event. Guests are encouraged to join live and ask questions.
Date: Thursday April 4, 2024
Time: 2:00 p.m ET / 11:00 a.m PT
Guests: Evan Gappelberg (CEO & Founder of Nextech3D.ai)
Link to Join: https: //www.youtube.com/watch?v=Xm7SExgFgos
scoobey-do
3 weeks ago
NEXTECH3D.AI RECEIVES NOTICE FROM USPTO TO BE GRANTED PIVOTAL AI PATENT FOR GENERATING 3D MODELS FROM 2D IMAGES
TORONTO, O.N, Canada – March 26, 2023 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers is excited to announce that U.S. Patent and Trademark Office (USPTO) has informed of their decision to issue a patent for its technology to generate three-dimensional (3D) models from two-dimensional (2D) images. This is another patent which the Company believes is pivotal to Nextech3D.ai’s artificial intelligence technology as it builds a moat around its 3D model making for ecommerce business with industry expertise and intellectual property; which includes its GPT AI powered 3D model generation. This patent approval reinforces and validates Nextech3D.ai's commitment to increasing shareholder value by investing in 3D-AI GPT patents and solutions while simultaneously generating millions in annual 3D modeling revenue.
USPTO has sent a letter to the Company stating that the patent will be issued on April 2, 2024. Web reference for the patent: THREE-DIMENSIONAL (3D) MODEL GENERATION FROM TWO-DIMENSIONAL (2D) IMAGES
Nextech3D.ai continues to expand its market share of the swiftly growing 3D model creation market. Across diverse industries, but especially within ecommerce there's a mounting need for 3D product models. As every user transitions from 2D interfaces on phones and computers to increasingly immersive 3D experiences, the demand for superior user engagement escalates. Nextech3D.ai’s technology enables effortless transformation of 2D images or content into 3D using user-friendly software tools. With the surging integration of AR and VR technologies in various sectors, the Company sees demand for 3D content and materials continuing to rise for the foreseeable future.
Previously, generating a 3D model entailed laborious processes and human involvement. Yet, with Nextech3D.ai's patented technology, users can swiftly convert a 2D image or CAD model into a fully textured 3D representation within minutes. This streamlined workflow not only enhances productivity but also slashes costs, granting Nextech3D.ai a distinct competitive edge in a large market.
Head of Product Operations at Nextech3D.ai, Hareesh Achi commented, ”I am thrilled to safeguard our intellectual property with these patents. It's a testament to our team of exceptionally talented AI engineers and 3D designers who continuously contribute to the development of our groundbreaking products. We are strategically positioned to capitalize on the ongoing evolution of 3D technology in the years ahead.
Nextech3D.ai innovations are streamlining all aspects of 3D for both businesses and customers. Our GPT tools empower users to enhance productivity and swiftly create 3D content.”
Previous Patents
In December 2023, Nextech3D.ai announced the grant of a patent by USPTO for 3D model generation from Computer Aided Design (CAD) data.
Link to the patent online at USPTO site: patent # 11823328
This patent enables Nextech3D.ai to increasingly capture a larger share of the rapidly growing 3D model creation business.
Max2121
1 month ago
NEXTECH3D.AI ANNOUNCES FORMATION OF AI INCUBATOR AND AI ACQUISITION & DEVELOPMENT DIVISION WITH POTENTIAL 2024 IPO SPIN OUT
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NEXTECH3D.AI ANNOUNCES FORMATION OF AI INCUBATOR AND AI ACQUISITION & DEVELOPMENT DIVISION WITH POTENTIAL 2024 IPO SPIN OUT
TORONTO, ON, Canada – March 12, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers announces the launch of its new AI Incubator and AI Development Division, signaling a significant leap forward in its commitment to advancing artificial intelligence technologies. This new venture, set to be spearheaded by a dynamic team of three esteemed AI scientists alongside the visionary leadership of Evan Gappelberg, CEO of Nextech3D.ai, and Hareesh Achi, former Microsoft executive renowned for his pivotal role in digital transformation and technology strategy. This new division marks a major milestone in Nextech3D.ai's growth trajectory and sets the stage for additional potential IPO spin- outs of new AI technology Companies to its shareholders.
The AI Incubator and Development Division is established with the mission to nurture AI solutions that will enhance the human experience across various sectors, including education, healthcare, ecommerce, blockchain, retail, and more. This initiative is a testament to Nextech3D.ai's dedication to pushing the boundaries of what's possible in AI and 3D technology integration for its shareholders.
Evan Gappelberg, celebrated for his foresight and innovation in the tech arena, will provide strategic direction and vision for the division. His leadership has already positioned Nextech3D.ai and its two spin outs Toggle3D.ai and ARway.ai as frontrunners in the 3D technology landscape.
Joining him in steering this ambitious project is Hareesh Achi, an ex-Microsoft and META executive whose expertise in AI, digital advertising, and operational efficiency has earned him acclaim in the technology community. Achi's proven track record of leading high-impact teams and his strategic vision for AI applications make him an invaluable asset to the Nextech3D.ai leadership team.
The division's core team of AI scientists, handpicked for their pioneering work and contributions to the field of artificial intelligence, will focus on developing AI-driven technologies and solutions that are not only innovative but also ethically responsible and sustainable.
Katyani Singh, Computer Vision/Machine Learning Scientist who obtained her Masters in Computing Science at the University of Alberta. Her research interests lie in Computer Vision and Deep Learning. Amir Salimnia, Computer Vision/Machine Learning Scientist, who is an MSc. Computer Engineering graduate from Western University with more than three years of experience developing machine learning.
Omid Alemi, Machine Learning Researcher and Software Engineer, who holds an MSc in Computer Science from the University of Northern British Columbia and a BSc in Software Engineering from the University of Arak and has 3+ years experience working on developing and deploying machine learning solutions for computer vision and 3D asset creation.
This core team of AI scientists will conduct research and development efforts geared towards creating AI tools and applications that empower businesses and consumers alike, fostering a future where technology and humanity intersect seamlessly.
New Path to Innovation and Growth
In a groundbreaking move, Nextech3D.ai has announced that once the AI technologies incubated within the AI Incubator and Development Division reach commercialization, they will be spun out as new public companies as it has done this twice already with Toggle3D.ai and ARway.ai. This strategic approach not only accelerates the path to market for these innovative solutions but also maximizes value for Nextech3D.ai shareholders. Following the successful precedents set by Arway.ai and Toggle3d.ai, shareholders in Nextech3D.ai will receive a stock dividend in these new entities, underscoring Nextech3D.ai's commitment to rewarding its investors and fostering a vibrant ecosystem of technology ventures.
CEO Evan Gappelberg stated, “We are at the cusp of a new era in AI and 3D technology. With the launch of our AI Incubator and Development Division, and our unique approach to commercialization and value creation."
Hareesh Achi added, "It's an honor to join forces with Evan and the incredible team at Nextech3D.ai. Together, we're not just exploring the potential of AI; we're shaping its future, ensuring that the technologies we develop are used to make a meaningful difference in the world. The opportunity to directly reward our shareholders as we grow and spin out these innovations into new public companies is incredibly exciting."
The AI Incubator and Development Division is now actively working on several projects, investing heavily into the future of AI while also looking at possible acquisitions with more innovative solutions and updates expected to be unveiled in the coming months.
LATEST NEXTECH3D.AI NEWS
Nextech3D.ai Establishes New Business Unit Led by Former META Executive, Targeting Jewelry Industry with GPT AI CAD-3D Models, Blockchain Technology, and NFTs
Nextech3D.ai Expands AI Tech Team and Doubles Office Space As Demand Increases For GPT AI Platform and 3D Model Production In Hyderabad, India
Nextech3D.ai Launches Next Era of GPT AI 3D Solutions Led by Former Microsoft Executive
Nextech3D.ai Lands $1.8 Million 3D Modeling Deal with NASDAQ 100 Technology Company
Nextech3D.ai Reports $5 Million in 2023 Revenue, Growth Up +56% Preliminary Unaudited Results
Nextech3D.ai’s Breakthrough AI Powered Search Engine Able to Deliver a 500% Increase in Productivity
scoobey-do
1 month ago
Roily23, you asked why I follow/invest in NEXCF?
I’m not a scientific tech, so I don’t know about 2Ds and 3Ds and surely don’t know how AI works. I have watched all of Evan Gappelberg’s current videos, read his latest e-mails, and see that he keeps his investors up to date on what NexTech is doing. I have also read about Evan’s employment history.
I found Evan’s employment history and the companies he worked for very impressive. Evan keeps his investors informed about what NEXCF is doing weekly and allows his investors to share in the company’s gains.
I am an accountant and am waiting to see NexTech’s 2023 audited 10-K. I want to see the revenue increase over 2022 and the margin percentage increase, as you all are. I do use charts to keep track of the companies I follow. Everyone needs to do their own DD.
Does anyone know the timing of NEXCF's next 10-K filing?
scoobey-do
1 month ago
THE NexTechAI / 3D MODELING UPDATE - VOLUME 2
Dear Valued Investor,
Following our previous email highlighting the transformative era ushered in by AI and 3D modeling in e-commerce, we delve deeper into Nextech3D.ai’s cutting-edge technology and why it represents a strategic investment opportunity, particularly at this juncture.
Revolutionizing E-commerce with Advanced AI
At Nextech3D.ai, we harness the latest in AI technology to generate ultra-realistic, 4K resolution 3D models that redefine online shopping. Our proprietary platform leverages machine learning algorithms to streamline the creation process, significantly reducing the time and cost associated with traditional 3D modeling. This efficiency enables us to swiftly scale and meet the increasing demand from e-commerce giants including Amazon, P&G, Kohls, Miele and others, ensuring we remain at the vanguard of this industry shift.
A Proven Track Record of Success
Our technology is not only revolutionary but proven. We have successfully integrated our models with major e-commerce platforms, delivering a seamless and enhanced customer experience. The results speak for themselves: clients using our 3D models have reported up to a 40% increase in conversion rates and a significant reduction in product returns. This directly translates to higher profits and customer satisfaction, reinforcing the value and impact of our technology.
Why Now is the Opportune Time to Invest
The surge in online shopping, accelerated by recent global events, has prompted a seismic shift in consumer expectations. Interactive and immersive experiences are no longer a luxury but a necessity. Nextech3D.ai is perfectly poised to meet this demand, offering an innovative solution that sets our partners apart from the competition.
Furthermore, the recent performance of our stock underscores a renewed market recognition of our potential reflecting investor confidence in our technology and its market applicability, our strategic positioning and long-term growth trajectory.
Nextech3D.ai also has a significant stake in the future potential of its 2 spin-out companies, ARway.ai and Toggle3D.ai.
Nextech3D.ai develops or acquires disruptive AI-technologies, which are subsequently spun out to shareholders as standalone public companies. This spin-out strategy allows Nextech3D.ai to issue stock dividends to its shareholders while maintaining significant ownership in the public spin-out, without dilution to the parent company Nextech3D.ai.
Notably, Nextech3D.ai successfully spun out ARway.ai, (OTCQB: ARWYF | CSE: ARWY | FSE:E65 ) as a standalone public company on October 26, 2022 at .25/share. The Company retains a 49% stake with 13 million shares in ARway.ai. ARway is a spatial computing platform powered by artificial intelligence (AI) providing an array of augmented reality (AR) experiences for indoor spaces. Currently trading at .55/share +120%
Similarly, Nextech3D.ai accomplished its second spin-out launching Toggle3D.ai, (OTCQB: TGGLF | CSE: TGGL | FSE: Q0C ) an AI-powered 3D design studio aimed at competing with Adobe. The Company retains 13 million shares in Toggle3D.ai Corp. Toggle3D.ai is a groundbreaking platform that utilizes generative AI to convert CAD files, apply stunning 4K texturing, and enable seamless publishing of superior 4K 3D models. Also, currently trading at .34/share.
A Timely Investment
By choosing to invest in Nextech3D.ai, you are not just investing in a company; you are investing in the future of e-commerce. Our technology is not only leading the current shift towards more immersive online experiences but also setting the stage for the next wave of digital innovation.
We invite you to be part of this exciting journey. As we continue to pioneer advancements and capture new market opportunities, your investment will not only fuel our continued growth but also position you at the forefront of a lucrative, evolving industry.
scoobey-do
1 month ago
Evan Gappelberg's new interview regarding the new business unit targeting the Jewelry Industry:
NEXTECH3D.AI ESTABLISHES NEW BUSINESS UNIT LED BY FORMER META EXECUTIVE, TARGETING JEWELRY INDUSTRY WITH
Earlier today, Nextech3D.ai announced that it has established a new business unit to target the Jewelry Industry with 3D Models, Blockchain Technology, and NFTs.
This new business unit will focus on using the GPT AI CAD to 3D texturing platform of its spin-off Company, Toggle3D.ai (OTCQB: TGGLF/ CSE: TGGL). Toggle3D.ai’s technology can convert jewelry CAD files into lightweight, web-friendly 4K 3D quad meshes, then uses AI to texture the jewelry in yellow gold, white gold, or rose gold. After this is complete, the AI photography studio creates stunning lifestyle images before it is published onto the web. Toggle3D.ai intends to license this all-in-one GPT AI platform to global manufacturers, while Nextech3D.ai will be conducting the sales and marketing for this new business unit.
CEO Evan Gappelberg joined Proactive Investors to discuss the news:
https: //www.youtube.com/watch?v=hCeQqccfxVQ (Please remove the space after "https:}
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