Get the Latest Investment Ideas Delivered Straight to Your Inbox.

News Update

TICKERS: NTAR; NEXCF

Firm Lands First AR e-Commerce Deal with JumpBall
News Update

Source:

This deal further boosts the number of industries to which the Canadian company provides its AR e-commerce platform.

NexTech AR Solutions Corp. (NTAR:CSE; NEXCF:OTCQB) announced in a news release it landed a new client, JumpBall, interested in its WebAR (augmented reality) e-commerce solution.

As JumpBall is an urban basketball apparel retailer, this deal constitutes the first for NexTech with an apparel business. The firm's CaptureAR technology allows for easy creation of clothing in three dimensions. All it takes is 4K video capability on a cellphone and NexTech's platform.

"With NexTech AR, we see a huge opportunity to begin a new game, and to be an early adopter of AR in the apparel industry future," JumpBall Founder and CEO Danny Essix said in the release. "JumpBall is confident that partnering with NexTech AR will not only elevate our brand but blaze a way for other organizations to follow suit."

"We are excited to welcome JumpBall Apparel as a client," NexTech AR CEO Evan Gappelberg said. "By investing into augmented reality, JumpBall has positioned itself as an apparel leader. From enhancing customer engagement with their products, dramatically increasing add to cart rates and by lowering product returns, we are confident that JumpBall will benefit greatly from our AR technology."

"With our new CaptureAR technology, NexTech has moved augmented reality into the forefront as an essential tool for online apparel retailers allowing them to sell more product. Today's announcement reflects NexTech's deepening commitment to the fashion and apparel sector, a $1.5 trillion marketplace which we intend to dominate," Gappelberg added.

[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 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 Solutions. 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 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