Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) said it had renewed six significant contracts to start 2024.
The clients span various industries, including retail, manufacturing and B2C groups.
CEO Evan Gappelberg told shareholders that he was “very optimistic” about Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF)’s trajectory.
“When we look at the diverse range of contracts, renewals, and the enthusiastic interest we're receiving it reaffirms our conviction as AI/AR and 3D industry leaders. I'm especially pleased with our AI engineers who've created value for our business, which is evident by the recent launch of our AI-powered 3D model search engine tool."
The series of renewals include CB2, a division of Crate and Barrel; Artika, known for its avant-garde lighting solutions; Raptor Tactical, specializing in modern tactical equipment; William Wood Mirrors; EOD Gear, a tactical gear supplier; and City Grounds.
CB2 has secured a six-figure expansion contract, adding 500 more 3D product models to their repertoire. Additionally, CB2 has renewed its hosting agreement for over 2,500 existing 3D product models on their website.
Artika, renowned for its avant-garde lighting solutions, has not only renewed its contract for additional 3D models but has also extended its hosting agreement with Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF).
Raptor Tactical, a designer and manufacturer of modern tactical equipment for Military, Police, and other law enforcement units, has signed a renewal deal for more 3D models.
EOD Gear, a new addition to Nextech3D.ai's portfolio, has joined forces with the company for cutting-edge 3D modeling solutions.
William Wood Mirrors and City Grounds have renewed their contracts.
Gappelberg expressed optimism about the trajectory of Nextech3D.ai in the new year, emphasizing the company's leadership in the AI/AR and 3D industry.
"We are actively building and launching new breakthrough AI for the mass scale of 3D models and continuing to apply for and develop new patents around our proprietary AI technology."
Nextech3D.ai recently launched its in-house built AI-powered 3D model search engine. This tool, utilizing computer vision and AI, aims to expedite and amplify the 3D modeling process. The AI search engine, using images, searches Nextech's internal library of 3D models, recommending close matches and significantly increasing the production capacity of 3D models.
The company is actively pursuing patent development around its proprietary technology.