Nextech AR's
AI-Powered CAD to Poly Toggle3D
Launches Major
Technology Advancements
Toggle3D
is disrupting the
Computer Graphics Market, which is projected to reach $160 billion
by 2027 Dominated
by Adobe, Autodesk, Solidworks, Nvidia
TORONTO, O.N,
Canada -- January 26, 2023 -- InvestorsHub NewsWire
-- Nextech
AR Solutions Corp.
("Nextech" or the
"Company") (OTCQX:
NEXCF) (CSE:
NTAR) (FSE: EP2), a Metaverse Company and leading provider of
augmented reality ("AR") experience technologies, wayfinding
technologies and 3D model services is pleased to announce the
launch of a major upgrade to its AI powered SaaS platform,
Toggle3D, that
enables the creation, design, configuration and deployment of 3D
models at scale, using CAD files. In addition to the new modern
look and design, the Company has launched an AI generated Physics
Based Rendering (PBR) material creation tool which now allows for
the scale of photorealistic materials. The Company believes that
this new AI technology will accelerate signups for the platform.
The company is also on target for the spin-out IPO of Toggle 3D and
will be annoucing updates shortly.
The new design, which
includes a UX/UI lift, is geared towards improving the platform
functionality by simplifying the 3D modeling workflow even further.
The design improvements also give the platform a fun and modern
appeal, making it popular among those new to 3D design or even
among experienced 3D artists looking for a friendly
interface.
With the usability and
simplicity of the platform, Toggle3D is disrupting the
Computer Graphics Market, which is projected to reach $160 billion
by 2027. The
market includes competitors such as Adobe, Autodesk, Solidworks,
Nvidia, etc.
A pivotal new feature is
the introduction of a new material template, which is now available
as a feature in the Pro plan. The template contains three different
AI-powered methods of creating high-quality Physics Based
Renderings (PBR), the industry standard for creating
photo-realistic materials, from scratch:
-
Method 1 allows users to
create a uniform color material from scratch
-
Method 2 allows users to create a 3D
material out of a texture swatch
-
Method 3 allows users to create a
material by cropping a product reference
photo
This means that users no
longer have to create a similar-looking table top finish, but
instead they can create its exact digital twin.
The advancements in the
CAD converter also open up new use cases for manufacturers in
product design, CPQ sales, product marketing, ads, and modeling.
Manufacturers now have control of their 3D modeling needs and can
do it all by themselves in Toggle3D with no experience or an
in-house 3D modeling team required.
To try out some of these
new and more advanced editing features, Toggle3D is offering
a
30-day free trial on the Pro plan for a limited
time.
Toggle3D is excited to
offer an all-in-one solution for manufacturers, making 3D modeling
easy and accessible for everyone, with no experience or in-house
team required. With the new design, functionality, and features,
Toggle3D is positioning itself as a leader in the industry and is
well poised to take advantage of the growth in the Computer
Graphics market.
About Toggle 3D:
Launched in September, Toggle3D is an AR enhanced standalone
web application which enables product designers, 3D artists,
marketing professionals and eCommerce site owners to create,
customize and publish high-quality 3D models and experiences
without any technical or 3D design knowledge required. The Company
believes that
Toggle3D is the
first platform of its kind, and this break-through SaaS product is
a potential game changer for the manufacturing and design industry,
as it provides a viable solution to convert large CAD files into
lightweight 3D models at affordable prices and at scale.
According to BIS Research, the CAD market, quantified by the
amount spent on the creation of CAD files, is projected to reach
$11 Billion dollars by 2023.
Top Three Competitive Advantages of Toggle 3D Versus 3D Legacy
Software Generating
$11 Billion In Revenue
1. NO Learning Curve:
What makes Toggle3D
different from the legacy 3D design software is its ease-of-use and
democratization of 3D design. The goal is for anyone with no prior
technical or 3D design experience to be able to hop into the
platform and create a high-quality 3D visual in minutes. This is
unlike legacy 3D modeling systems, that require months to truly
feel comfortable with. Users would first be required to learn and
understand the industry lingo, learn what the tools do and then
learn how to use them in the legacy software. Meanwhile, we have
streamlined this process in Toggle3D by "humanizing" 3D design
terminology, creating templates to guide creation and simplifying
the tools using machine learning to transfer the complexity out of
the user experience into the backend platform, and instead allow
more room for creativity.
2. Web-based:
Toggle3D is a web-based
design studio which means the user can access everything on the
browser and start designing instantly. No desktop downloads
involved, no updates to keep track of, and no system requirements
to worry about. All the templates are organized into project panels
that a user can access anywhere and seamlessly navigate between.
This is different from how legacy software were built back in the
day with the software package being broken out into multiple
desktop apps that would require the user to understand system
compatibility, download, sync, and learn
independently.
3. Collaboration:
Toggle3D will allow
advanced, in-app collaboration. These new sets of features will
allow multiple users to work at the same time and on the same
project resulting in quick feedback and decision making
cross-department, and team. These tools will allow businesses to
adopt 3D organization-wide and unlock the power of group iteration.
Users could set up workflows, permissions, and version history to
keep up with real-time design changes. These advanced collaboration
cycles are harder to set up in desktop apps and may sometimes
slowdown or isolate the design workflow.
To learn more, please
follow us on
Twitter,
YouTube,
Instagram,
LinkedIn,
and
Facebook, or
visit our website:
https://www.Nextechar.com.
For further information,
please contact:
Investor Relations
Contact
Lindsay Betts
investor.relations@Nextechar.com
866-ARITIZE (274-8493)
Ext 7201
Nextech AR
Solutions Corp.
Evan
Gappelberg
CEO and
Director
866-ARITIZE
(274-8493)
About
Nextech AR
Nextech AR Solutions
(OTCQX:
NEXCF) (CSE:
NTAR) (FSE: EP2) is a diversified augmented reality, AI
technology Company that leverages proprietary artificial
intelligence (AI) to create 3D experiences for the metaverse. Its
main businesses are creating 3D WebAR photorealistic models for the
Prime Ecommerce Marketplace as well as many other online retailers.
The Company develops or acquires what it believes are disruptive
technologies and once commercialized, spins them out as stand-alone
public Companies issuing a stock dividend to shareholders while
retaining a significant ownership stake in the public
spin-out.
On October 26, 2022
Nextech AR spun out its spatial computing platform, "ARway" as a
stand alone public Company. Nextech AR retained a control ownership
in ARway Corp. with 13 million shares, or a 50% stake, and
distributed 4 million shares to Nextech AR Shareholders. ARway is
currently listed on the Canadian Securities Exchange (CSE:ARWY),
in USA on the (OTC:
ARWYF) and Internationally on the Frankfurt Stock Exchange
(FSE: E65). ARway Corp. is disrupting the augmented reality
wayfinding market with a no-code, no beacon spatial computing
platform enabled by visual marker tracking.
On December 14, 2022
Nextech AR announced its second spinout of Toggle3D, an AI-powered
3D design studio to compete with Adobe. Toggle3D is expected to be
public in the first half of 2023.
To learn more about
ARway, visit
https://www.arway.ai/
Forward-looking
Statements
The CSE
has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.
Certain
information contained herein may constitute "forward-looking
information" under Canadian securities legislation. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as, "will be" or variations of
such words and phrases or statements that certain actions, events
or results "will" occur. Forward-looking statements regarding the
completion of the transaction are subject to known and unknown
risks, uncertainties and other factors. There can be no assurance
that such statements will prove to be accurate, as future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements and forward-looking information. Nextech
will not update any forward-looking statements or forward-looking
information that are incorporated by reference herein, except as
required by applicable securities laws.
