Nextech3D.ai Builds
Breakthrough AI Powered Search Engine To Scale 3D Model
Production
New
AI Tool Leverages Nextech's Extensive 3D Model Library For Faster
3D Model Production
TORONTO, O.N,
Canada -- January 4, 2024 -- InvestorsHub NewsWire
-- Nextech3D.AI
(OTCQX:
NEXCF) (CSE:
NTAR) (FSE: 1SS), an AI-3D model supplier for major e-commerce
retailers announces it has gone live with its proprietary
AI-Powered 3D model search engine. This groundbreaking AI search
engine uses computer vision with AI and is designed to speed-up and
scale-up operations for the 3D modeling process. The AI based search engine uses
images to search Nextech's internal library of 3D models and
recommends a close match to the given image. This enables the
Company to speed up the process of 3D model creation, thus
increasing the number of 3D models the company can produce.
The Company is continuing to develop patents around its proprietary
technology while building and launching breakthrough AI for the
mass scale of 3D models, which it sees as a significant growth
market in 2024.
As a
leading 3D model supplier for e-commerce and AR, Nextech3D.ai
recognizes the challenges faced by 3D artists and the time required
in building intricate designs from scratch. To address these
challenges the Company has built this innovative
AI-powered
search engine that instantly searches for similar model meshes
within Nextech's vast 3D model library of
hundreds of
thousands of 3D parts and meshes. In just a few seconds the 3D
artist is able to choose from multiple 3D matches, leveraging its
library of previously built 3D models with similar colours,
textures and shapes. This breakthrough AI 3D model search engine
was created in-house by the Company's team of AI engineers and
scientists, showcasing the Company's technical strength and
expertise.
Watch a
demo of the AI-Powered 3D model search engine tool -
click here
CEO of
Nextech3D.ai Evan Gappelberg commented, "Our AI-powered Search
engine represents a giant step forward in our Company's ability to
scale production of 3D models. By combining our five years of
technical expertise in the 3D modeling industry with our new
cutting-edge AI capabilities, we're enabling our production
capabilities to rapidly scale-up and move ahead in 2024. AI is
allowing us to do things in terms of productivity that we just were
not able to do previously, and I expect that to start showing up in
the bottom line profitability of our 3D business starting in Q1,
2024."
Key features of the Mesh Search Tool include:
Advanced AI Algorithms: Nextech3D.ai
integrates state-of-the-art AI algorithms to enable precise and
rapid mesh searches, ensuring 3D artists can find the matches they
need in seconds.
Intuitive User Interface: The
user-friendly interface offers a seamless experience built directly
into the Company's platform, allowing 3D artists to search the vast
3D model library quickly and effortlessly.
Comprehensive Mesh Database: An
extensive and continuously expanding database of hundreds of
thousands of 3D parts and meshes. The mesh search tool covers a
wide range of diverse products from various industries.
This new
tool leverages cutting-edge artificial intelligence to enable 3D
artists to effortlessly navigate and locate specific 3D meshes,
streamlining workflows and saving valuable time while increasing
productivity.
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About
Nextech3D.ai
Nextech3D.ai or the
"Company," (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), is a versatile
augmented reality and AI technology company that utilizes its
proprietary artificial intelligence (AI) to craft immersive 3D
experiences at scale for E-COMMERCE. The Company's primary focus
lies in creating high-quality 3D WebAR photorealistic models for
various other online retailers. Nextech3D.ai has adopted a unique
approach to creating shareholder value beyond its operating
business of creating 3D models.
The Company also 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," (OTCQB: ARWYF | CSE: ARWY | FSE:E65
) its spatial computing platform, as a standalone public company on
October 26, 2022. The Company retains a 49% stake with 13 million
shares in ARway Corp. while distributing 4 million shares to
Nextech shareholders.
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 a 44% stake with 13
million shares in Toggle3D.ai Corp.
To learn more, please
follow us on Twitter, YouTube, Instagram, LinkedIn,
and Facebook,
or visit our website: https://www.Nextechar.com.
For
further information, please contact:
Investor Relations
Contact
Julia Viola
investor.relations@nextechar.com
Nextech3D.ai
Evan
Gappelberg
CEO and
Director
866-ARITIZE
(274-8493)
Forward-looking
Statements
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" or variations of
such words and phrases or statements that certain actions, events
or results "will" occur. Forward-looking statements regarding the
completion of the transaction are subject to known and unknown
risks, uncertainties and other factors. There can be no assurance
that such statements will prove to be accurate, as 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.
