Nextech3D.ai Signs
3D Model Expansion Contract With Vornado Air LLC Bringing Its 3D
Models Onto Amazon's Seller Central
Nextech3D.ai
is Leveraging its Relationship with Amazon to Bring Select
Customers Onto Seller Central
TORONTO, O.N,
Canada -- December 11, 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 has
signed an expansion 3D modeling contract with
Vornado Air LLC, a leading
American company that specializes in manufacturing and marketing
air circulators, air purifiers, heaters, and humidifiers.
Nextech3D.ai was given select access to Amazon's seller central to
bring certain customers' 3D product models onto the Amazon
e-commerce marketplace. The Company is pleased to leverage its 3D
modeling expertise in support of both Amazon and its valued
customers, and sees significant growth potential with
both.
Vornado Air
LLC is a repeat 3D model customer, who has signed and completed 5
expansion contracts for additional 3D models with the Company.
Nextech3D.ai has created over 100 models for Vornado Air thus far,
all of which are live on Amazon and on the Vornado website. Vornado
Air has also requested the creation of additional 3D models which
are exclusive products for Costco and Best Buy.
This deal
builds upon
yesterday's significant announcement that Nextech3D.ai signed an
enterprise 3D modeling contract with Kabbani
Funiture,
considered the number one furniture seller and manufacturer in
Egypt.
As
previously stated, Nextech3D.ai is a 3D model supplier for Amazon,
as the e-commerce giant is in full swing in the transition from
static 2D product images to 3D models.
In an
article titled "5
Technology Predictions for 2023 and Beyond", Peter
Vogels (Chief Technology Officer and Vice President of Amazon) made
a bold statement about 3D models and the future of e-commerce.
"Static 2D product images on the internet will become a thing of
the past, replaced by 3D models that you can pick up, rotate, and
place in your living room as seamlessly as you can see them in a
web browser today."
Nextech3D.ai
is making it possible to create photo-realistic 3D models as
digital replicas of real-world products at scale for large
enterprise customers and e-commerce giants like Amazon in the
global $5.5 trillion dollar e-commerce market
Try
it yourself - Existing Vornado 3D product Models on Amazon
Open the link, click the
3D product model to spin and rotate. Open on your mobile device to
view it in your space with augmented reality.
Vornado MVH Vortex
Heater
https://www.amazon.com/Vornado-Whole-Vortex-Heater-Black/dp/B00MB4BQ0G?th=1
Vornado Velocity 1
Personal Space Heater
https://www.amazon.com/Vornado-Velocity-Humidifier-Notification-Capacity/dp/B08B44MWW8
Vornado AVH10 Vortex
Heater
https://www.amazon.com/Vornado-AVH10-Vortex-Heater-with-Auto-Climate-Control
Vornado Velocity 3R Whole
Room Space Heater
https://www.amazon.com/Vornado-Velocity-Humidifier-Notification-Capacity
About
Vornado
Vornado Air LLC is a
leading American company that specializes in manufacturing and
marketing air circulators, air purifiers, heaters, and humidifiers.
Founded in 1989, Vornado has been dedicated to improving indoor air
quality through its innovative and high-quality products that
provide efficient and effective air circulation, filtration,
heating, and humidification.Vornado's commitment to providing
quality products has made it a well-respected brand in the air
quality industry and a go-to for those seeking to improve their
indoor air quality. Learn more:
https://www.vornado.com/home
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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.
