NexTech’s InfernoAR Virtual Events Platform Chosen by Dallas Independent School District

End to End Security and AR Drives Adoption of Video Conferencing Platform

SANTA CLARA, Calif. and TORONTO, June 29, 2020 (GLOBE NEWSWIRE) -- NexTech AR Solutions (NexTech) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), an emerging leader in augmented reality for eCommerce, AR learning applications, and AR-enhanced video conferencing and virtual events is pleased to announce that it has signed a contract to supply it’s InfernoAR video conferencing and virtual events platform to the Dallas Independent School District (Dallas ISD).   

Nextech AR CEO Evan Gappelberg comments. “We are excited to have been chosen by the Dallas ISD and we look forward to working with them on this and other projects.” He continues “ we continue to win new business as enterprise pivots away from less secure platforms, people are looking for platforms that stop breaches and protect privacy. InfernoAR-video conferencing and virtual events platform, recently reported a breakthrough in security with the help of Fastly an edge computing company. Bringing token authentication to the edge greatly enhances security and performance, which is huge for winning more contracts from our growing customer base. We are currently experiencing a surge in demand for our services across our multiple business segments including: AR-ecommerce, our ARitize app, and our InfernoAR-video conferencing and virtual events platform”.

Security is a core feature of InfernoAR – the platform has serviced many Fortune 500 businesses including Johnson and Johnson, Viacom, Merk and others.  Token authentication allows the CDNs to reject serving videos to unauthorized users, by taking the JWT authentication to the edge security is pushed closer to the user and load is taken off the core application.

About InfernoAR

InfernoAR, supports clients that require integration with enterprise systems, custom workflow, cognitive search and discovery, interactive features and secure multi-CDN streaming in front of and behind the firewall. InfernoAR has been providing top products and service in the video streaming space for 10+ years.

Recent Company Highlights in 2020:

• June 22, 2020: Signed a one year contract to provide its InfernoAR Virtual Events video conferencing platform services to Real Asset Media. The initial contract value is for $135,000 with the potential for substantial additional revenue as augmented reality use cases emerge.
   
• June 19, 2020: NexTech closed a private placement of 1,528,036 units priced at the market price of $2.10 per unit (the “Units”) for gross proceeds of $3,208,875 (the “Offering”). This financing provides the company with a healthy cash and inventory position of over $7.5million - it’s highest ever.