NexTech AR Launching New Collaborative Video Conferencing Solutions

Collaborative Video Conferencing Capabilities To Rival Zoom and Address Telemedicine and Edtech Markets

SANTA CRUZ, Calif. and TORONTO, July 13, 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 is launching a new video conferencing software into its InfernoAR platform. The new video conferencing features will integrate collaborative classroom learning, one to one networking and traditional video conferencing directly into the platform letting users seamlessly launch and manage both collaborative experiences and large audience events directly from InfernoAR. This new capability addresses the global Edtech market expected to hit $345 billion by 2025 (according to Business Insider) and the fast growing Telemedicine market which according to Statista was valued at some $45 billion U.S. dollars. 

InfernoAR CTO Mark Pace comments, “Bringing video conferencing and collaboration features to the forefront as a first class native experience in the platform is a natural progression, as we continuously evolve InfernoAR into best in class leader”. Having these technologies in house and built into our platform will allow us to realize future AR features as products like AR glasses become widespread. Combining InfernoAR large audience events, video conferencing and collaborative experiences with AR brings the platform and the user experience to a level unseen in any other product in our industry.”

Evan Gappelberg, Chief Executive Officer, NexTech AR noted “This new video conferencing capability is a fantastic addition to our already robust InfernoAR platform. InfernoAR is being chosen by more and more customers because of its full spectrum of offerings including end to end security encryption, Interactive Video, Artificial Intelligence and Augmented Reality all in one super-secure platform. He continues, “with video being the new voice during this virtual gold rush we will continue to push more interactive and immersive video centric features and innovations creating long term value and sustainability for our business. We expect to have this new video conferencing software in the market by October 2020.