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TICKERS: NTAR; NEXCF

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

Source:

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.

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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.
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