Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) announced that it has changed its legal name from Nextech AR Solutions Corp to Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) Corporation, which the company believes better reflects its current technology and business direction.
The versatile augmented reality (AR) and artificial intelligence (AI) technology firm said its generative AI technology is considered a key competitive advantage, playing a vital role in propelling the company toward achieving positive cash flow.
Nextech3D.AI noted that its shares will continue to trade on the Canadian Securities Exchange (CSE) and the OTCQX under the existing stock symbols of ‘NTAR’ (CSE) and ‘NEXCF’ (OTCQX).
As well, the company stated that it has established Nextech3D Solutions India Private Limited as it prepares to move to high-scale production, which is anticipated to increase profitability and reduce labor costs beginning in the fourth quarter of this year.
It added that the strategic transition is anticipated to reduce expenses through the streamlining of production processes and leveraging cost-effective resources available in the region, as Nextech3D.AI gears up for a record Q4 and record 3D model growth in 2024.
Nextech3D.AI is a diversified augmented reality, AI technology company that leverages proprietary artificial intelligence to create 3D experiences for the metaverse.
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