Get the Latest Investment Ideas Delivered Straight to Your Inbox. Subscribe

News Update


Creator of Augmented Reality E-Commerce Tools Acquires High-Volume 3D Scanner
News Update

Share on Stocktwits


The new equipment will allow the company to expedite and streamline its digital three-dimensional creations of customers' products.

NexTech AR Solutions Corp. (NTAR:CSE; NEXCF:OTCQB)announced in a news release it purchased a high-volume, three-dimensional (3D) scanner for creating digital 3D objects.

The company is developing an augmented reality (AR) and artificial intelligence platform for e-tailers, one component of which is software for displaying online interactive 3D versions of customers' merchandise. For customers without their own 3D scanner, NexTech will scan their products for them.

The scannerís volume capacity is critical for the company as it continues growing its client base. Now, with the new machine, it can scan up to 300 objects a day whereas before it could only do a maximum of 12.

"With our new ability to offer others 300 2D-to-3D scans per day, we are effectively lowering AR adoption barriers by utilizing technologies that democratize and streamline 3D digital asset creation at scale," CEO Evan Gappelberg said in the release.


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: NexTech AR Solutions. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with NexTech AR. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of NexTech AR Solutions, a company mentioned in this article.

Want to read more about Technology investment ideas?
Get Our Streetwise Reports Newsletter Free and be the first to know!

A valid email address is required to subscribe