NexTech AR To Launch Revolutionary 3-D Augmented Reality App

The company’s new CaptureAR App is expected to launch in early Q1 to facilitate the mass adoption of augmented reality (AR) for ecommerce—making AR accessible to everyone.

NEW YORK and TORONTO, Dec. 11, 2019 (GLOBE NEWSWIRE) -- NexTech AR Solutions (the “Company” or “NexTech”) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29) NexTech, the industry leader in the rapidly growing augmented reality (AR) space, is excited to announce that after extensive testing and extremely positive in-house results of its revolutionary 3-D capture technology, the company is developing and preparing to launch a stand alone dual platform app in early Q1 2020.   The app will employ the freemium business model whereby a user gets one free 3-D scan however a user will be billed for additional scan “packs” as well as charged a monthly subscription fee for hosting the 3-D asset, which together could add millions to the company's bottom line. The app will also be a boost to the revenue-generating power of the existing AR e-commerce solution and soon to be launched AR, 3-D, 360 advertising platform.

Evan Gappelberg, CEO of NexTech states that, “CaptureAR is a pivotal new technology which will greatly accelerate the augmented reality global marketplace. Now, with our CaptureAR app we are putting the power to create photo-realistic 3-D models into the hands of millions of smartphone users worldwide. We imagine a world where millions of 3-D models are created using our app and then seamlessly uploaded onto our ARitize e-commerce platform where we charge $40/month per product. What used to take one of our experienced 3-D modeler days of work can now be done in a matter of minutes—and with the same resolution and image fidelity as if the 3-D model was designed from scratch, it’s pretty mind blowing!” He continues, “After our app is live in early Q1 creating 3-D objects will become easy, anyone will be able to do it natively within our app, no special training or skills required making our app launch a major break-through for both the industry and NexTech.”

One of the most significant barriers to the mass market adoption of augmented reality has been capturing or creating, at scale, photo realistic 3-D AR objects. This app when live will dramatically simplify the 3-D AR creation by capturing 3-D AR products with your cell phone’s camera. Previously, capturing or creating 3-D AR objects has been a painfully time consuming and expensive process costing $250-$2500/3-D product which has held AR back from mass adoption. NexTech’s CaptureAR app removes these barriers by reducing the skill needed, time and cost to just $99 or less enabling the mass adoption of AR, setting the stage for the explosive growth of NexTech’s augmented reality business in 2020. The launch of this app will move the adoption of AR technology into overdrive bringing NexTech's AR e-commerce and advertising network with it.