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Augmented Reality Tech Firm Lands First Client in Mining Industry
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The services will consist of preparing three-dimensional AR representations of the exploration company's core samples.

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NexTech AR Solutions Corp. (NTAR:CSE; NEXCF:OTCQB) announced in a news release that it landed its first client in a new industry for it: mining. Romios Gold Resources is a junior minerals exploration company interested in using NexTech's 3D/AR omnichannel services for marketing purposes.

The partnership with Romios Gold "marks the beginning of a significant new use case and opportunity for NexTech's augmented reality (AR) solutions," the release noted. It also opens to the door to "an enormous new business opportunity for NexTech" as the world's Top 40 mining companies generated an estimated US$683 billion in revenue in 2018, according to Statista.

Romios Gold President and Director Tom Rivas said in the release, "We believe there is great value in allowing potential investors and industry experts to view core samples from our exploration projects in high-fidelity three dimensions. Going forward we will look to find other innovative ways to leverage this technology into our various marketing strategies and pioneer, together, new industry standards."

Evan Gappelberg, CEO of NexTech, commented, "We are excited that Romios has adopted NexTech's powerful and industry-leading augmented reality offering to drive its product marketing and client education activities. Our 3D augmented reality solution and our AR learning tools will help Romios to bridge the gap by showing what actual core samples look like in 3D/AR for investors and potential investors creating a critical use case to Romios and the mining industry."

NexTech will attend the mineral exploration and mining convention, PDAC, March 1 to 4 at the Metro Toronto Convention Centre, to showcase Romios Gold's core samples and network. "The mining sector is certainly a new industry for us and we are the first company to create 3D/AR core samples, which we believe could become a new industry standard for the entire mining industry," Gappelberg said in the release.

Finally, NexTech noted that it has contracted with Octagon Media Corp. for investor relations services, paying CA$60,000 plus 150,000 options priced at CA$2 with a seven-month term.

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.
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