Nextech AR Solutions Corp. (CSE:NTAR, OTCQB:NEXCF, NEO:NTAR) has announced the signing of multiple CAD to POLY deals across a variety of industries including Brunswick (NYSE:BC) Corporation, Jacuzzi Brands LLC, and Ford Motor Company (NYSE:F).
With the announcement, Nextech said it is validating its proprietary CAD-Poly 3D modeling technology called ARitize CAD.
The company said it believes that its CAD-Poly technology is a “game changer” for the manufacturing industry, as it enables the conversion of CAD files into 3D AR models at scale at a price and quality that the company believes is best in class. CAD is a function of product engineering.
READ: Nextech AR Solutions announces signing of multiple AR eCommerce deals across a variety of industries
Industrial designers, working for product manufacturers, use CAD software like AutoCAD, and SolidWorks to design many of the products in the modern world. Now, using ARitize CAD, those files can be converted to 3D/AR models with the creation of photo-realistic, fully textured 3D models from raw CAD models and reference images. This technology creates optimized 3D meshes that are suitable for 3D and AR applications.
Nextech said the use of CAD files is ubiquitous across manufacturing verticals including automotive, aerospace, industrial machinery, civil and construction, electrical & electronics, pharmaceutical, healthcare, consumer goods, and others. According to BIS Research, the CAD market will hit $11 billion by 2023.
With the mass adoption of 3D models underway, Nextech said it is seeing a variety of companies from different industries implementing its ARitize CAD technology to create a large number of 3D/AR models at scale.
ARitize CAD was only recently launched and has already signed notable customers including -- Collingwood Lighting Ltd., a lighting manufacturer, Brunswick (NYSE:BC), the largest recreational boating manufacturer in the world, Jacuzzi Brands, a global manufacturer and distributor of branded baths, hot tubs, pools, saunas, and Ford.
Worldwide mass adoption?
“We are seeing very strong demand for 3D models across many industries, and I believe that the worldwide mass adoption of 3D models has only just begun,” said Nextech CEO Evan Gappelberg in a statement.
“Our company is uniquely positioned to capitalize on the growing demand for everything 3D with ARitize 3D for retailers and ecommerce websites as well as ARitize CAD for manufacturers. Our 3D model-making technology is the lowest cost, highest quality, most scalable solution and I believe is a true disrupter in the emerging multi-billion dollar 3D model market."
He added: “2022 has only just begun and we are already seeing a growing momentum and increased demand across industries for everything 3D, setting the stage for Nextech to have a record-breaking number of 3D models in the market for 2022!”
Nextech Chief Technology Officer, Nima Sarshar, noted that most modern products that have ever been built have been manufactured from reference CAD models.
“Think of it, that’s billions of products worldwide, and Nextech has invented an easy way to turn them into 3D models,” Sarshar said. “Instead of using 2D images to create 3D models, we now have the ability to go straight to the source, where the products are actually designed by engineers (CAD files) and render these into perfect 3D models, at scale. Our new CAD to POLY solution is backed by technology that will prove to be the holy grail of scaling 3D content.”
Meanwhile, the company said it has filed a provisional patent covering the conversion of CAD files into 3D models. CAD to 3D model conversion capability implies drastically improved scalability associated with Nextech's 3D models for ecommerce, with the creation of photo-realistic, fully textured 3D models from raw CAD models and reference images.
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