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Overview (CSE:NTAR, OTCQX:NEXCF, FSE:EP2) is a diversified expertise firm growing progressive 3D and augmented actuality (AR) modeling options for e-commerce corporations. The corporate’s generative synthetic intelligence expertise units it aside from different 3D mannequin suppliers, permitting it to offer providers to vital enterprises like Amazon and Goal.

The 3D modeling market measurement is projected to develop from US$2.3 billion in 2021 to US$6.33 billion by 2028, a formidable CAGR of 15.49 p.c in the course of the forecast interval. This projection is primarily pushed by the utility of 3D and AR expertise to help in e-commerce gross sales, manufacturing and product growth.

Nextech develops and presents 4 applied sciences working as particular person corporations to fulfill the particular wants of recent companies:

  1. ARitize3D supplies an AI-powered 3D mannequin creation platform that operates at scale for e-commerce corporations.
  2. ARway is an AI-powered augmented actuality expertise platform for indoor areas with a disruptive no-code, no beacon spatial computing answer with centimeter precision
  3. Toggle3D is an AI powered SaaS platform enabling the conversion, texturing, customizing and sharing of the best high quality 3D fashions at scale, utilizing CAD information
  4. Nextech Occasion Options is a cloud-based occasion expertise and administration software program answer.

3D and AR expertise are highly effective improvements to applied sciences we’ve relied on for years, together with navigation methods, scanners, sensors and GPS satellite tv for pc parts. AR expertise works with units customers already personal so long as it has a digicam, comparable to smartphones, as a substitute of digital actuality (VR), which requires a specialised system. has skilled speedy development in its person base and income. The corporate lately introduced that 3D modeling income elevated +266 p.c in comparison with 2021, in addition to a 963-percent enhance in customers for its Toggle3D platform since its launch in Jan 2023.

Firm Highlights

Driving shareholder worth by Commercializing Disruptive AI, 3D, AR, ML Applied sciences

  • The corporate develops or acquires what it believes are disruptive applied sciences and as soon as commercialized, spins them out as stand-alone public corporations issuing a inventory dividend to shareholders whereas retaining a major possession stake within the public spin-out.
  • On October 26, 2022, spun out its spatial computing platform, “ARway” as a stand-alone public firm. retained a management possession in ARway Corp. with 13 million shares, or a 50 p.c stake, and distributed 4 million shares to Nextech AR Shareholders.
  • On December 14, 2022, Nextech introduced its second spinout of Toggle3D, an AI-powered 3D design studio to compete with Adobe. Toggle3D is predicted to be public within the first half of 2023.

Diversified Expertise Firm

  • is a diversified augmented actuality, AI expertise firm that leverages proprietary synthetic intelligence (AI) to create 3D experiences for the metaverse.
  • The corporate’s distinctive AI expertise units Nextech aside from its rivals, permitting it to earn contracts from massive corporations like Goal and Amazon.
  • The 3D modeling market is predicted to succeed in US$6.33 billion by 2028, rising by a CAGR of 15.49 p.c from US$2.3 billion in 2021.
  • presents 4 distinctive applied sciences (ARitize3D, ARway, Toggle3D, Nextech Occasion Options) to cater to the wants of enterprise corporations
  • 3D and AR advance different applied sciences we’ve come to rely on, together with GPS parts, scanners and navigation methods.
  • AR doesn’t require any funding from customers to place to make use of, and as a substitute works with any system outfitted with a digicam.
  • Nextech has grown quickly in recent times, reaching US$10.3 million in 2022, growing the 3D modeling enterprise by 266 p.c from 2021 and lately attaining a 963-percent enhance in customers for its Toggle3D platform since its launch in Jan 2023.

Management Staff

  • CEO Evan Gappelberg has a optimistic monitor file of making shareholder worth for over 20 years, and is the one largest shareholder of with a ten p.c stake
  • An skilled crew of expertise innovators leads to additional develop and market its distinctive options.

Key Applied sciences


ARitize3D is an answer that makes use of synthetic intelligence to show 2D fashions and CAD information into 3D fashions that may be considered in AR. The expertise offers corporations a platform to reinforce their e-commerce enterprise that operates at scale.


  • Current Enterprise Purchasers: Nextech has industry-leading e-commerce enterprises utilizing its ARitize3D platform, together with Amazon, Kohl’s and NAPA.
  • Essential Aggressive Benefit: The utilization of AI inside the ARitize3D platform is a novel providing that disrupts the present 3D modeling market by offering decreased prices, improved high quality and higher scalability.
  • AI Growth Ongoing: The sphere of AI is quickly advancing, and Nextech continues to remain on the forefront of its growth. The ARitize3D platform is highly effective in its present type and the corporate continues to leverage developments in AI to optimize scalability.

ARway is an AI-powered platform that gives augmented actuality experiences for indoor areas. The platform permits customers to simply create experiences for navigation, excursions, info sharing, notifications, promoting, and gamification. ARway leverages the ability of cell units to create environments that may enhance customer expertise, enhance worker productiveness, enhance engagement, create new promoting house, and enhance revenues. ARway was acquired in 2021 as a spatial computing platform and has since been additional developed by


  • First Mover Benefit in Spatial Computing: ARway offers corporations superior capabilities to offer indoor navigation for occasions or different giant areas to create a strong AR expertise. Current purchasers embody the Dubai Mall, Eating places Canada, and Saudi German Well being Group and others.
  • No-code and {Hardware}-free Platform: Firms can undertake ARway with out putting in {hardware}, and investing in growth or infrastructure administration, which may value tons of of 1000’s of {dollars}.
  • Speedy Adoption Pushed by Demand for AR: Shoppers are beginning to perceive and expertise the advantages of AR. This rising demand powers the continuous development of ARway as extra organizations want to accommodate client demand.

Toggle3D is a self-serve platform enabling the conversion, texturing, customizing and sharing of the best high quality 3D fashions at scale, utilizing CAD information. The platform permits customers to quickly create new fashions with out studying in-depth design instruments.


  • Important Aggressive Benefit: Toggle3D reduces or eliminates the training curve in creating 3D fashions in comparison with legacy software program, comparable to Adobe. The platform’s web-based and collaborative strategy is a novel new approach for companies to strategy 3D modeling.
  • Spin-out Deliberate for 2023: Nextech plans to spin out Toggle3D in Q2 2023 into its personal public firm, the second Nextech product to endure this course of. The corporate can pay dividends to shareholders of file when this occurs.
  • Disrupting Current 3D Modeling Business: The corporate’s breakthrough AI and machine studying platform permits producers and design industries to sidestep the coaching and time-intensive processes historically used for 3D modeling and quickly design and enhance new fashions.

Nextech Occasion Options

The corporate’s cloud-based occasion administration answer strives to remodel the US$50-billion occasion {industry}. The Nextech Occasion Options platform is already producing income that’s anticipated to develop all through 2023.


  • Complete Finish-to-end Administration: The platform covers all features of occasion administration, together with producing interactive floorplans, dealing with ticket gross sales, AR activations, sales space gross sales, indoor wayfinding, and a companion cell app.
  • Integrating Applied sciences to Remodel Occasion Planning with AR: The corporate’s platform is reworking the established occasion planning {industry} by introducing AR experiences and integrating different Nextech applied sciences, comparable to ARway and ARitize3D.

Administration Staff

Evan Gappelberg – Founder and CEO

Evan Gappelberg attained his capital market experience within the Nineteen Nineties whereas engaged on Wall Road funding IPOs. Notably he was instrumental in funding Take Two Interactive, which has a latest valuation of about $20 billion (NASDAQ:TTWO). Gappelberg is an achieved entrepreneur with in depth expertise in creating, funding and operating pioneering start-ups. He has world enterprise expertise each as a hands-on CEO and as a public firm CEO.

He began as an entrepreneur whereas on Wall Road the place he was co-founder and CEO of EG Merchandise, which he self-funded. Whereas CEO, he went to China to arrange manufacturing for the primary LED light-up toy which he patented, imported and distributed globally. He secured license offers from Disney, Common Studios and others whereas he constructed a retail nationwide gross sales channel.

He was additionally co-founder and CEO of an app growth firm which created and revealed over 200 profitable apps for each the Apple iTunes retailer and Google Play retailer.

He’s an achieved entrepreneur with an experience in creating, funding and operating start-ups, and he has in depth expertise each as a hands-on working govt and effectively as a public market skilled.

Andrew Chan – Chief Monetary Officer

Andrew Chan has over 20 years of finance and accounting expertise with half of his profession serving high-growth, public expertise corporations. After over a decade in public accounting (together with 9 years at Ernst & Younger), Chan moved into senior finance positions with Actual Issues Inc. (TSX: REAL) and goeasy ltd. (TSX: GSY) – each providing expertise options for the monetary providers {industry} – the place he was concerned in a number of financings, transactions and acquisitions with an combination worth of effectively over a billion {dollars}. Chan has efficiently built-in and led finance-related purposeful teams together with treasury and banking, company reporting and budgeting and was instrumental in forging sturdy relationships with enterprise unit leaders to allow profitable income forecasting and supply.

Reza Davariar – Chief Working Officer

Reza Davariar is an skilled enterprise strategist and cross-organizational chief with greater than 20 years {of professional} expertise throughout technique consulting, enterprise operations and gross sales administration. Davariar has a broad vary of expertise working with govt management, decreasing inner prices, and establishing methodologies to spice up buyer satisfaction by means of profitable operational performances, CRM initiatives and KPI concentrating on.


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