Nextech AR Solutions Corp. (CSE:NTAR, OTCQB:NEXCF) has announced that ARway, its no-code spatial computing platform for the real-world metaverse, is adopting LiDAR technology to create hyper-accurate meshes for its metaverse spatial mapping software.
The move to LiDAR technology enhances the ability of ARway to create high-quality meshes and spatial mapping solutions, and will set the stage for a leadership position in the rapidly-growing wayfinding and spatial computing market, said the Toronto-based metaverse company and leading provider of augmented reality.
“We are constantly analyzing new technologies which can give us a competitive edge in the market and with our adoption of LIDAR, which is bleeding edge technology, we believe we have gained that edge,” Nextech CEO Evan Gappelberg said in a statement.
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LiDAR, which stands for Light Detection and Ranging, is a remote sensing method that uses light pulses to measure distances, to create precise three-dimensional image information.
With LIDAR, ARway will be able to leverage its technology to produce highly-detailed 3D digital twins for use by creators in its Map Studio Portal, as well as an information-rich point cloud to create a much better user experience than traditional point cloud solutions.
“Apple Computer has already invested billions into developing LiDAR which is now available in some of the newer iPhones … LiDAR essentially acts as a computer's eyes. LiDAR has already found a perfect market fit in the automotive industry with all the new EV self-driving cars produced by Tesla and others adopting LiDAR technology. If you've ever seen an autonomous vehicle, you may have noticed a rapidly-spinning tube mounted on its roof. This is a LIDAR unit. Its role is to measure the distance of objects relative to the position of the car in 3-D,” Gappelberg said.
“We believe it’s also a perfect product-market fit for AR wayfinding and that adopting LiDAR technology for our ARway solution will give users hyper-accurate spatial maps and provide deep analytics within the map, which is exactly what our customers are telling us they want,” he added.
The ARway offering has an unlimited number of use cases for augmenting physical spaces in the metaverse, consisting of indoor navigation with AR activations to improve the visitor experience in large and complex spaces. With value propositions spanning multiple industries and use cases, ARway opens Nextech’s 3D/AR technology solutions to new substantial markets, for use by creators, brands, and companies.
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.
Contact the author at jon.hopkins@proactiveinvestors.com