Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) told shareholders it is well positioned to take advantage of eCommerce ecosystems shifting towards 3D and augmented reality.
The 3D model supplier for major eCommerce retailers including Amazon and Miele said that these innovations are revolutionizing the online shopping experience by offering consumers a “more engaging and realistic way to explore products.”
It highlighted that, most recently, Amazon has discontinued the use of 360 spin experience to focus on 3D and AR technologies.
“As a pioneer in 3D and Augmented Reality (AR) technologies, the company is at the forefront of transforming the e-commerce landscape,” Nextech3D said in a statement.
“As online shopping continues to evolve, Nextech3D.AI's AI solutions are transforming how consumers interact with products, helping to drive a new era of immersive and interactive shopping experiences in eCommerce.”
Additionally, Nextech3D.ai announced that it has renewed its share purchase warrant, which was originally announced last year, to manage its cash flow and reduce or possibly eliminate its dependency on raising capital for payroll.
It said it would issue 9 million share purchase warrants to its service providers in connection with their employment and/or consulting arrangements with the company. Each warrant can be exercised into a share at C$0.125 for one year.