InvestorNewsBreaks – Nextech AR Solutions Corp. (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29) Releases New AR Wayfinding, Navigation Tech; Upgrades ARway
Aug 4, 2022
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).
To view the full press release, visit https://ibn.fm/xdzmz
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.
NOTE TO INVESTORS: The latest news and updates relating to NEXCF are available in the company’s newsroom at https://ibn.fm/NEXCF
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.
As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.
For more information, please visit https://www.InvestorWire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
[email protected]
InvestorWire is part of the InvestorBrandNetwork.
More News
McKinsey leader steps down from charity board days after controversial ‘glass cliff’ comments
Chris Bradley resigned from Opportunity International Australia just days after his controversial remarks about the challenges female CEOs face.
Access Canberra head: we could be 'more transparent' in our decisions around leases
Josh Rynehart made the concession to an Assembly inquiry.
The state laws that show human rights do not block illegal tobacco crackdown
Legal expert says better to get ACT laws right to prevent challenge.
Meet the boutique firm winning millions in legal services contracts
Three local law firms won more than $3m in government work.
Repeat parole 'definition of crazy' union head says after teen allegedly shot
Recent spate of alleged crimes committed on parole raise concerns.
Sassy Seniors turn pub pink to support young mums' cancer fight
'What a lovely community'," said one of the mums at the gathering.
Abandoning monitoring pledge sends 'devastating' women's safety message
Bottom line came before safety, leading not-for-profit says.
China bought half of Brazil’s oil exports as Iran war shut Hormuz, driving sales to record
Trade between Brazil and China reached a record US$143 billion in the first nine months of the year, driven by Brazilian oil sales that surged after the war on Iran disrupted Gulf supply, according to a report by the Brazil-China Business Council. Brazilian exports to China rose 12 per cent to US$84.7 billion between January and September, while imports from China grew 9.9 per cent to US$58.6 billion, the council said in its quarterly analysis of government data. The resulting US$26.1 billion...
ASX set to jump as Wall Street steadies
Wall Street is steadying following jarring drops for stocks worldwide in the artificial-intelligence industry on worries about how much longer the AI frenzy will last.
Homeownership Drifts Further Out of Reach as Mortgage Rates Rise
Mortgage rates have pushed above 7 percent and home prices remain elevated, hurting the prospects of would-be buyers.
The three factors driving NSW unemployment to a five-year high
The NSW unemployment rate hit 4.7 per cent last month, the highest level since November 2021.
A lingerie behemoth hit a cultural hurdle – so a former churchgoing cheerleader stepped in
After seeing profits drop, Victoria’s Secret – the intimate apparel brand famed for its risqué fashion shows – needed a makeover.
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.