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Augmented Reality Firm to Penetrate Advertising Vertical with New Network
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To do so, the company will leverage the various components of its AR platform.

NexTech AR Solutions Corp. (NTAR:CSE; NEXCF:OTCQB) announced in a news release it intends to debut its 3D-AR-360 Ad Network in late 2019-early 2020, a new revenue channel that the company believes should drive significant growth next year.

"With our new 3D-AR-360 ad network, brand managers, agencies and online e-commerce channel managers will be able to use our proprietary 3D asset creation capabilities to create immersive ads that have shown a 200300% uptick in click-through rates," CEO Even Gappelberg said in the release.

The three-dimensional-augmented reality-360 degree network is part of NexTech's AR omnichannel platform that encompasses: AR for e-commerce, AR in Chat, its ARitize App and its AR University for education and training. The company will leverage all of these platform components and related relationships to further develop its 3D-AR-360 ad network.

"The biggest challenge in creating 3D ads is the creation of the 3D asset itself," the release noted. "NexTech will have a distinct advantage as it will be the only company to offer an end-to-end solution, both creating the 3D assets as well as serving up the ads."


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. 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.
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