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.
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