Nextech AR Solutions Corp. (CSE:NTAR, OTCQB:NEXCF) has announced the signing of multiple deals by the company’s Map D division for its self-serve event management software solution.
The new contracts provide great potential for the company to upsell and cross-sell its spatial mapping, 3D models, holograms and more, the Vancouver-based technology company said.
“The Map D platform is transforming and shifting toward Web3.0 and seeing accelerating revenue growth with the integration of Nextech AR’s metaverse suite,” Nextech CEO Evan Gappelberg said in a statement.
READ: Nextech AR Solutions announces the closing of multiple new 3D modeling deals for eCommerce
“By integrating Map D with ARitize Maps, ARitize 3D, and ARitize Holograms, we are able to maximize the potential revenue with each of our clients and offer immersive experiences that transform industries, including real estate, museums, sporting venues and more,” he added.
Nextech noted that the Map D software platform has seen a 70% growth compared to the first six months of 2021, and continues to expand rapidly with sales in new categories after fully embracing Nextech’s Web3.0 technologies such as ARitize Maps, ARitize 3D and ARitize Holograms.
“The Map D platform continues to grow, release new features, sign new clients, and generate accelerating revenue. Our aim is to upsell and cross-sell Map D’s existing and new blue-chip clients by offering full end-to-end solutions, which provide engaging and immersive experiences that their customers want,” Gappelberg said.
Nextech said it is also testing and seeing early success with a massive breakthrough in scaling the creation of spatial maps for events, and especially augmented reality (AR) wayfinding by using Map D technology for its ARitize Maps product. The technology allows event organizers to sell AR wayfinding to exhibitors as well as sponsorship opportunities to sponsor, creating yet another source of revenue for Nextech, it added.
The company said Map D’s sales are gaining momentum in multiple categories, and gave examples of the large number of contracts signed so far this year as:
- Newly-signed apartment associations including Apartment Association of Greater Dallas, Apartment Association of Greater Memphis, Apartment Association of Kansas City, Apartment Association of Metro Denver, Apartment Association of Nebraska, Apartment Association of Orange County, Apartment Association of Southern Colorado, Apartment Association of Tarrant County, Atlanta Apartment Association, Bay Area Apartment Association, Chicagoland Apartment Association, Connecticut Apartment Association, Delaware Apartment Association, First Coast Apartment Association, Houston Apartment Association, Indiana Apartment Association, New Jersey Apartment Association, Pennsylvania Apartment Association, San Antonio Apartment Association, Southeast Florida Apartment Association
- Newly-signed contracts home builders associations including Florida Home Builders Association, Greater Birmingham Association of Home Builders, Greater Peoria HBA, Greenville HBA, HBA of Central New York, HBA of Marion & Polk Counties, HBA of Western Michigan, Hilton Head Area HBA, Home Builders Association of Greater Chattanooga, Huntsville-Madison HBA, Rochester Area Home Builders, Southern Utah Home Builders Association, Upper Cumberland Home Builders Association
- Other notable contracts recently signed include BMW Dallas Marathon, American Distilling Institute, New York Library Association, Restaurants Canada, Chi Omega Christmas Market, KOA - Kampgrounds of America, National Association of Sporting Goods Wholesalers, Live! by GL Events
Nextech is the engine accelerating the growth of the Metaverse. Using breakthrough AI, the company is able to quickly, easily and affordably ARitize (transform) vast quantities and varieties of existing assets at scale, making products, people and places ready for interactive 3D use, and giving creators at every level all the essential tools they need to build out their digital AR vision in the Metaverse.
With a full suite of end-to-end AR solutions in 3D Commerce, Education, Events, and Industrial Manufacturing, Nextech is in a unique position to meet the needs of the world’s biggest brands and all Metaverse contributors.
Contact the author at jon.hopkins@proactiveinvestors.com