Nextech3D.ai (CSE:NTAR, OTCQX:NEXCF) announced that it has rolled out a major update to its Map Dynamics platform, including a full migration to Amazon Web Services (AWS), the launch of new AI-powered features, and a strategic push into new event verticals such as music festivals and public expos.
"We've spent the last year upgrading Map Dynamics into a true growth engine with scalable infrastructure, robust margins, and a powerful roadmap," Nextech3D.ai CEO Evan Gappelberg said.
"As we expand into new markets and launch AI-powered features, we are unlocking new revenue and creating long-term value for our customers and shareholders alike.”
The platform is now fully hosted on AWS, offering enterprise-grade performance, faster load times, and scalability for events of all sizes, including trade shows, expos, and major public festivals.
According to the company, Map Dynamics now operates with gross profit margins exceeding 95%, driven by automated delivery, low overhead, and recurring license revenue.
To support its growth strategy, the company has hired a veteran sales executive with experience in the events industry and an established book of business.
This move is expected to accelerate entry into new market segments such as music festivals, food and wine expos, and large-scale public shows, which the company sees as well-suited to Map Dynamics’ white-label architecture.
The company also highlighted that Map Dynamics is currently building and rolling out a suite of new platform features designed to expand its market reach and generate new revenue streams.
These include AI-powered matchmaking and recommendations, integrated ticketing and on-site badging, attendee tracking and analytics, in-app lead retrieval, and interactive event navigation tools. Nextech3D.ai said that these innovations position the platform as a full-stack solution for modern event operations, supporting both subscription and usage-based revenue models.
The company also announced the issuance of 7.15 million stock options to employees under its existing stock option plan. The options are priced at $0.04 per share and are subject to a two-year vesting period.