NexTech’s New Augmented Reality Product ‘ScreenAR’ Gaining Sales Momentum - Seite 2

Paul Duffy, President of NexTech states, “Demand continues to soar for our unique offer of Virtual events with Augmented Reality through InfernoAR. Our clients find that they are able to literally augment their existing 2D presentations with 3D photorealistic immersive storytelling, leading to every manner of event utilizing our augmented reality through ScreenAR, 360 AR Portals and other forms of interactive AR experiences."

Duffy continues, “as an example we now deliver global product launches that reach thousands of retail distributors and tens-of-thousands of customers through InfernoAR, bringing holographic products direct to the user from the comfort and safety of their home. This is transforming how brands are able to interact with their customers and supply chains during the reality of COVID.”

Recent Company Highlights in 2020:

August 27, 2020: Carnegie Mellon University has chosen NexTech’s InfernoAR platform for a virtual series beginning September 2020.

August 25, 2020 Q2 2020 highlights:

• Revenue grows 290% to $3.5 million
• Gross Profit grows 484% to $2.1 million with a 61% margin
• Working Capital of $5.6 million
• Total Bookings $3.7 million

August 11, 2020: Company announced that it has begun a major expansion of its AR eCommerce business. In the past 60 days the company has signed new distributor deals with major brands such as; Dyson, Philips Norelco, MR. Coffee, VitaMix, MetroVac, Breviel, and Cusinart. These new distribution deals position the company to take full advantage of the new SFH (shop from home) paradigm shift in e-commerce as well as leverage its full augmented reality technology stack into these brands, which includes its WebAR, ARitize360 app and its 3D/AR advertising network. The company expects these new products to have a significant impact on future revenues.

July 30, 2020:  Ryerson University, a globally recognized leader in Higher Education with over 46,000 students have partnered to launch RALE, the Ryerson Augmented Learning Experience platform, based on NexTech’s InfernoAR. The technology license agreement has an initial value of $250,000 with the potential for more revenue tied to additional AR services.

July 17, 2020: The company launched a new immersive video conferencing software called ScreenAR.

July 13, 2020: The company is launching a new video conferencing software into its InfernoAR platform (September 2020). 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.