Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF, FRA:1SS) announced that it has secured a three-year subscription agreement valued at approximately $175,000 for its ARitize3D platform, covering 3D product modeling and augmented reality visualization services for e-commerce.
The company said the agreement includes services for approximately 2,500 product SKUs and provides 36 months of ARitize3D platform hosting. Payments under the contract are expected to total about $58,000 per year over the three-year term.
According to the company, the agreement includes 3D product modeling, AR e-commerce visualization, hosting, and platform integration services. The technology enables retailers and brands to present products as interactive 3D models and augmented reality formats in online shopping environments.
Nextech3D.ai said the contract represents a subscription arrangement for ARitize3D platform services, including 3D model hosting, AR visualization technology, and e-commerce integration tools. The agreement forms part of the company’s ongoing 3D modeling and digital commerce technology operations.
"This agreement reflects continued demand for 3D product visualization and augmented reality technologies in the global e-commerce sector," Nextech3D.ai CEO Evan Gappelberg said.
"While our primary focus remains on scaling our AI-powered event technology platforms, our 3D modeling and AR e-commerce solutions continue to generate additional revenue through subscription-based platform services."
The company said revenue from ARitize3D agreements may include 3D model creation, AR visualization services, platform hosting, and subscription access.
Based on the company’s current operating structure for ARitize3D hosting and platform services, management estimates gross profit margins of approximately 95%, though margins may vary depending on production scope, SKU volume, and hosting requirements.