Nextech AR Solutions Corp. (CSE:NTAR, OTCQB:NEXCF) said that its 3D model production has jumped over 110% between the second and third quarters of the year.
In Q3, Nextech produced 5,667 3D models for e-commerce sites across a wide spectrum of products including, rugs, tables, lamps, couches, TVs, mirrors, chairs, toys, wall art, outdoor furniture, bicycles, clothing, perfume, sports equipment, electronics and more, up from 2,776 3D models in the previous quarter.
Nextech said it is ramping up production to meet the growing demand from the largest prime ecommerce marketplace and expects to create over 2,800 models in the month of October alone, representing approximately 50% of Q3 production and sets the stage for a substantial increase in 3D model production in Q4, 2022.
READ: Nextech AR Solutions launches major upgrades to e-commerce SaaS platform ARitize Decorator
“I’m very proud of the execution thus far on our deal with Amazon, and excited as the ARitize 3D revenue continues to roll in as we continue ramping up the production of 3D models for the world’s Prime e-commerce marketplace," Evan Gappelberg, CEO of Nextech AR said in a statement.
"We currently are quoting on a number of large RFPs which we expect to close in Q4 2022, creating a snowball of revenue in 2023, as 3D models are the standard that continues to cement itself for Web 3.0 in eCommerce."
"With the launch of Toggle 3D we have taken the leadership position in the world of everything 3D for CAD, rapidly prototyping the mass production of 3D models from CAD files. We are focused and working towards a huge ramp-up of 3D model production, setting the stage for an exciting 2023," he added.
Contact the author at jon.hopkins@proactiveinvestors.com