Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) announced that it has been awarded a patent by the United States Patent and Trademark Office (USPTO) for its 3D model generation from computer-aided design (CAD) data.
Its patented technology allows users with a CAD model to easily create a 3D model of the product and texture in minutes, reducing the time and cost of producing 3D models, Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) said.
As part of the company’s Toggle3D platform, users can convert CAD files into 3D designs and textures.
"The timing of this patent approval could not be better. In 2023, we are witnessing a paradigm shift in technology with artificial intelligence (AI), augmented reality (AR) and 3D model creation becoming the next generation of foundational technology that shapes our future,” Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) CEO Evan Gappelberg said in a statement.
"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.”
Nextech3D.ai is a versatile augmented reality and AI technology company that utilizes its proprietary AI to craft immersive 3D experiences at scale for eCommerce.