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News Update


Augmented Reality Company Signs Retailers for CaptureAR
News Update

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NexTech AR Solutions Corp.'s new product is expected to be available in 30 days.

In a news release, NexTech AR Solutions Corp. (NTAR:CSE; NEXCF:OTCQB) announced it signed four new customers wanting 3D WebAR experiences: SpenceUp, Dhana Inc., Lotuk and WallKicks.

"Augmented reality (AR) is becoming more mainstream in 2020, and we are seeing an increased pace in our closed deals," NexTech CEO Evan Gappelberg said in the release. "With these four deals we are accelerating forward with our stated business plan of signing up early adopters in AR and then moving them through our suite of AR products including; WebAR, AR for training and education and AR in 3D advertising."

For these new customers, the technology firm's three-dimensional (3D) AR experiences will be created with NexTech's proprietary CaptureAR technology, said to become available in the next 30 days. Once launched, the Capture AR app will be another revenue source for NexTech and complement the Canadian company's existing AR e-commerce solution and 3D/AR advertising platform.

SpenceUp is a men's tie and suspender retailer. Dhana Inc. sells outdoor fashion for youths. Lotuk's product is socks that showcase artistic designs. WallKicks specializes in sneaker art.

"NexTech is helping us bring our products to life," SpenceUp co-founder Joven Young said in the release. "Customers can engage with the products and see how good they look in Spence, which will lead to the next level sales we are seeking."

"As the year plays out we expect that more and more of the millions of eCommerce site owners from Shopify, Magento, WooCommerce, Wordpress and others will recognize the unique and powerful advantage augmented reality can have on their bottom lines," Gappelberg stated.

In other news, NexTech will attend the annual convention of the Prospectors & Developers Association of Canada (PDAC) on March 1 to 4, 2020. There, the tech firm will showcase the 3D-AR core sample renderings it created for mining client Romios Gold Resources.

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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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 article, 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.

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