Nextech AR Solutions Corp. (CSE:NTAR, OTCQX:NEXCF) has announced the launch of a major upgrade to its AI-powered Software-as-a-Service (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 said it has launched an AI-generated Physics Based Rendering (PBR) material creation tool that now allows for the scale of photorealistic materials, which it expects to accelerate signups for the platform.
Nextech said 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, the company added.
READ: Nextech AR gets 3D modeling expansion contract; wins new S&P 500 customer
“With the usability and simplicity of the platform, Toggle3D is disrupting the Computer Graphics Market, which is projected to reach $160 billion by 2027,” Nextech said in a statement. “The market includes competitors such as Adobe, Autodesk (NASDAQ:ADSK), Solidworks, Nvidia, etc.”
The company noted that 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; and
- 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 tabletop finish, but instead they can create its exact digital twin, the company explained.
“The advancements in the CAD converter also open up new use cases for manufacturers in product design, CPQ sales, product marketing, ads, and modeling,” the company said. "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 the new and more advanced editing features, Nextech said Toggle3D is offering a 30-day free trial on the Pro plan for a limited time.
All-in-one solution
The company said Toggle3D is also offering 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, it noted that 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.
Launched in September 2022, 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.
Nextech said it 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 by 2023.
Nextech AR 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.
Contact the author at stephen.gunnion@proactiveinvestors.com