Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) announced the signing of a new contract valued at $175,000 with an enterprise client for the delivery of 2,000 3D models over the next 12 months, along with cloud hosting services.
The agreement supports the company’s strategy of monetizing not only the creation of 3D models and AI photography but also their ongoing cloud-based hosting.
This initiative aims to establish diverse, high-margin revenue streams.
Evan Gappelberg, Nextech3D.ai CEO, said the company sees its 3D modeling business accelerating in 2025.
“Also with our AI technology, we can now scale the production of the bulk of a 3D model at a low cost, which gives us significant gross margin leverage and a competitive advantage,” Gappelberg said.
“We are also finding new ways to generate revenue through our 3D cloud hosting services and our AI photo studio, which are all high-margin business opportunities.”
Gappelberg added: “Between our 3D model generation and AI photography platforms, we are now monetizing digital twins from creation to storage. This combination of recurring revenue and high-margin services creates a sustainable long-term business model.
"We are confident in our business and excited about the momentum we are seeing in 3D.”