Nextech3D.ai
Granted First in a Series of AI Patents for Generating 3D Models
from Computer Aided Design (CAD) Data
TORONTO, O.N,
Canada -- December 13, 2023 -- InvestorsHub NewsWire
-- Nextech3D.AI
(OTCQX:
NEXCF) (CSE:
NTAR) (FSE: EP2), a Generative AI-Powered 3D model supplier for
Amazon, P&G, Kohls and other major e-commerce retailers is
pleased to announce the grant of a patent by USPTO for 3D model
generation from Computer Aided Design (CAD)
data.
Receiving this first
patent, as part of the Company's previously announced portfolio of
patents filed in 2022, reinforces and validates Nextech3D.ai's
commitment to increasing shareholder value by investing in 3D
technology and innovating with AI-powered solutions.
Link to the patent online
at USPTO site:
patent # 11823328
Nextech3D.ai CEO Evan
Gappelberg commented, "The timing of this patent approval
could not be better! In 2023, we are witnessing a paradigm shift in
technology with AI, AR and 3D model creation becoming the next
generation of foundational technology that shapes our future." He
continued, "With the approval of this pivotal AI patent we are
perfectly positioned for this future and we are excited to deliver
today's tangible results and long lasting value for our loyal
shareholders. I'm extremely excited about our future and expect to
see more patents in our portfolio approved."
This patent enables
Nextech3D.ai to increasingly capture a larger share of the rapidly
growing 3D model creation business. There is growing demand for 3D
product models for real-life, with increasing adoption of virtual
reality with the META Quest and augmented reality with Apple's
eagerly anticipated Vision Pro, which uses 3D models to display
objects to users. Similarly, websites and mobile phones use 3D
models to display products on e-commerce websites, which enables
users to get a better sense of what the product looks like from all
angles and perspectives.
Up until now, generating
a 3D model was a time consuming process and required human
intervention. However with Nextech3D.ai's patented technology, if a
user has a CAD model of the product they can easily create a 3D
model of the product and texture it in just a few minutes, which
increases productivity and reduces costs thus giving Nextech3D.ai a
competitive advantage.
Nextech3D.ai has already
been using this patented technology implemented in the
Company's
Toggle3D product.
In the Toggle3D platform, users as well as Nextech3D.ai itself can
leverage this patented technology to convert CAD files into 3D
designs and textures.
This patent approval
recognizes Nextech3D.ai's technology capabilities as the Company is
leading towards the future with AI technologies and innovation.
Receiving this patent reinforces Nextech3D.ai's commitment to
advancing 3D technology through innovation and AI-powered
solutions.
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About
Nextech3D.ai
Nextech3D.ai or the
"Company," (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), is a versatile
augmented reality and AI technology company that utilizes its
proprietary artificial intelligence (AI) to craft immersive 3D
experiences at scale for E-COMMERCE. The Company's primary focus
lies in creating high-quality 3D WebAR photorealistic models for
Amazon and various other online retailers. Nextech3D.ai has adopted
a unique approach to creating shareholder value beyond its
operating business of creating 3D models.
The Company also develops
or acquires disruptive AI-technologies, which are subsequently spun
out to shareholders as standalone public companies. This spin-out
strategy allows Nextech3D.ai to issue stock dividends to its
shareholders while maintaining significant ownership in the public
spin-out, without dilution to the parent company
Nextech3D.ai.
Notably, Nextech3D.ai
successfully spun out "ARway," (OTCQB: ARWYF | CSE: ARWY | FSE:E65
) its spatial computing platform, as a standalone public company on
October 26, 2022. The Company retains a 49% stake with 13 million
shares in ARway Corp. while distributing 4 million shares to
Nextech shareholders.
Similarly, Nextech3D.ai
accomplished its second spin-out launching Toggle3D.ai, (OTCQB:
TGGLF | CSE: TGGL | FSE: Q0C ) an AI-powered 3D design studio aimed
at competing with Adobe. The Company retains a 44% stake with 13
million shares in Toggle3D.ai Corp.
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
Julia Viola
investor.relations@nextechar.com
Nextech3D.ai
Evan
Gappelberg
CEO and
Director
866-ARITIZE
(274-8493)
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.