NexTech AR Launching New Collaborative Video Conferencing Solutions - Seite 2

By integrating the collaboration and conferencing features users of InfernoAR will be able to launch interactive classrooms with the touch of a button. Breakout rooms from main conference stages are seamless and can be configured and managed directly from InfernoAR. Attendees can network face-to-face with one or more colleagues directly from attendance pages. Any of these collaborative interactions can be streamed to a global audience of thousands or hundreds of thousand viewers simply or recorded without any assistance.

The company is issuing 300,000 3year stock options at Fridays closing price of $8.35 under the company’s stock option plan

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. The platform services Fortune 500 businesses like Johnson and Johnson, Viacom, Polycom and others. It’s super secure with token authentication allowing 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. InfernoAR has been providing top products and service in the video streaming space for 10+ years.

Recent Company Highlights in 2020:

• July 8, 2020 The company is pleased to announce that it has filed to uplist its stock to the Nasdaq Capital Market.
   
• July 2, 2020: Hired Arnaud Amet as Director of  Sales for Europe. Mr. Amet situated in Paris, France comes from regional and global sales and marketing roles in Microsoft (MSFT) where he worked for over a decade ending in 2015. He also has significant experience with his own startup in sales and marketing of AR/VR to large brands partnering with Facebook (FB), Huawei and Microsoft.
   
• June 29, 2020: signed a contract to supply its InfernoAR video conferencing and virtual events platform to the Dallas Independent School District (Dallas ISD).
   
• 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 - its highest ever.
   
• June 18, 2020: Company announces that it has signed a partner supplier agreement with BDA, LLC. BDA Sports will be using the InfernoAR virtual event platform for their signature annual Think Tank 2020 program for teams in NHL, NBA,  MLB, and NFL.