Nextech3D.ai divests mapping unit to focus on high-margin 3D modeling business
Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) announced it is making a strategic pivot toward becoming a specialized AI 3D firm with the divestment of its non-core floor plan mapping software unit Map Dynamics (Map D). The provider of 3D models for eCommerce companies said it has divested Map D to spin out company ARway.ai (CSE:ARWY, OTCQB:ARWYF) in exchange for 4 million shares valued at more than $1 million based on Friday's closing price of $0.26.
Nextech3D.ai secures renewals, signs new deals for 3D modeling business
Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) told investors it had signed a slew of new deals and renewals for its 3D modeling business. Recent renewals include with cycling merchandise company City Grounds, commercial equipment provider Kromer, UK-based mirrors and lighting supplier William Wood Mirrors, and American work station specialist Armadillo Tough, the company said.
Nextech3D.AI Announces New Deals and Renewals in 3D Modeling Business
Nextech3D.ai Continues to Sign New & Renewal 3D Modeling Deals plus AR Visualization For Enterprise Ecommerce TORONTO, ON / ACCESSWIRE / May 17, 2024 / Nextech3D.AI (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2), a patented 2D-3D generative AI-powered 3D model supplier (Patent #11,948,248) for major e-commerce retailers including Amazon, Miele, P&G, and Kohl's, is pleased to announce a series of exciting new deals and renewals for its 3D modeling business. To date, the company has delivered over 70,000 models to customers across various industries and expects significant growth in 2024 and beyond, driven by Amazon's expanding platform for 3D models and AR experiences.
