Nextech AR Solutions Corp. (CSE:NTAR, OTCQB:NEXCF, NEO:NTAR) said it has filed four pivotal non-provisional utility patents for its Aritize 3D and ARitize CAD products for 3D model making, further strengthening its intellectual property position.
The metaverse company, which develops and operates augmented reality platforms, noted that Fenwick & West represented it in the filings.
"These patents represent the future of our IP and are a huge step forward for Nextech,” CEO Evan Gappelberg said in a statement. “Since the founding of the company we have been very strategic in strengthening our intellectual property position as we look to cement ourselves as the world's leading 3D model factory.
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The patents filed are as follows:
- Three-dimensional (3D) model generation from two-dimensional (2D) images: Covers core AI algorithms for creating 3D models automatically from 2D photos and is the core of Threedy tech;
- Three-dimensional model assembly: Covers the virtual assembly line concept that helps scale 3D content creation from 2D photos;
- Material Estimation for Three-Dimensional modeling: Covers the AI/ML techniques for creating 3D textures and materials automatically from 2D reference photos;
- Three-dimensional model generation from CAD data: Describes the technology and process the company has built to convert 3D CAD files and other solid designs into optimized 3D meshes suitable for real-time visualization on the Web and AR.
"We are in the market and generating revenue with most of this technology today while we are building the groundbreaking, disruptive technology of tomorrow that is critical for 3D and AR experiences for the Metaverse,” Gappelberg continued.
Nextech AR said the latest patent applications are foundational as it lays the groundwork in preparation for the mass adoption of everything 3D.
“We are witnessing the 4th industrial revolution happen as the global demand for 3D/AR models is growing exponentially, and 3D technology is quickly transforming from a "nice to have '' to a "must-have" for brands and businesses, particularly in the 5 trillion dollar eCommerce industry,” Gappelberg added.
Nima Sarshar, one of the inventors, and chief technology officer of Nextech commented: "These filings are a testament to the groundbreaking technologies we are building at Nextech. We are making fundamental contributions to 3D construction science and technology, and employing them as part of our AI-powered, industry-leading 3D model creation factory."
Nextech AR funds the development of its AR and Metaverse growth initiatives through its eCommerce platforms, which currently generate most of its revenue.
Contact the author at stephen.gunnion@proactiveinvestors.com