Get the Latest Investment Ideas Delivered Straight to Your Inbox.

News Update

TICKERS: NTAR; NEXCF

Augmented Reality Firm to Penetrate Advertising Vertical with New Network
News Update

Source:

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."

[NLINSERT]

Disclosure:
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.
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 interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of NexTech AR, 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