NexTech AR Solutions Corp (OTCQB:NEXCF) (NEO:NTAR) (FRA:N29) has signed a six-figure contract to supply its InfernoAR video conferencing and virtual events platform (VXP) to the National Association of Medicaid Directors (NAMD), the company announced Tuesday.
The deal was done in partnership with ARB Meetings and Events LLC, an event-planning company, of which NAMD is a client.
“I believe that the virtual conferences created through this partnership will revolutionize the way people meet,” ARB President Anne Balart Michaels said in a statement. “I have been managing in-person meetings for almost 20 years, and the impact COVID-19 has had on our industry and on my business is staggering. However, what it has done has given us a unique opportunity to explore new horizons and push the limits on how to create the elements that make in-person meetings so special in a virtual world.”
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"We are excited to continue to be working with Anne and her team at ARB and we look forward to continuing with the support of her current and future clients,” CEO Evan Gappelberg said. “We are gratified to have been chosen by such esteemed organizations as the National Association of Medicaid Directors, and we look forward to working with them through the 2021 year.”
NAMD represents members who oversee Medicaid in all 50 states, the District of Columbia and US territories. Medicaid directors are the senior leaders in states driving major innovations in health care while overseeing Medicaid, which covers more than 72 million Americans, the company said.
“This latest client win is an example of another esteemed institution, choosing NexTech’s virtual events and video platform (VXP) for its enhanced security, amplified video and immersive augmented reality experiences over the competition,” Gappelberg said. “We bring to market not just a virtual experience and video conferencing platform, but the most immersive and highly secure platform on the market with the added feature of AR. We feel strongly that we have a competitive edge and see the accelerating adoption of InfernoAR by enterprise global brands in 2021 and beyond.”
NexTech’s platforms have serviced many Fortune 500 businesses, including Amazon, Viacom, Johnson & Johnson, Bell Canada, UNESCO, Dell Technologies, Luxottica, Vulcan Inc , Boehringer Ingelheim, TEDx, Grundfos and Arch Insurance.
“As COVID-19 continues to disrupt large social gatherings, we are currently experiencing a surge in demand for our services across our multiple business segments including AR eCommerce, our 3D ad network, EdTech, our ARitize app, and InfernoAR-video conferencing and virtual events platform,” Gappelberg said. “As we look into the future, our recent acquisition of Map Dynamics, a ten-year-old in-person event platform, which has transacted over $200 million for live events, we believe that we are perfectly positioned as a market leader for the future, which is going to be a world where hybrid experiences dominate.”
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