NexTech AR Record $900,000 Bookings For Video Conferencing and Virtual Events Platform ‘InfernoAR’
$900,000 in New Bookings Achieved in First 3 Weeks of September as InfernoAR Rapidly Gains Market Share with Global Enterprise Customers
VANCOUVER, British Columbia, Sept. 23, 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 from September 1st to September 22nd the company has already achieved $900,000 in new Bookings for it’s InfernoAR video conferencing and
virtual events business.
The company's Video conferencing platform InfernoAR is gaining traction by signing a broad spectrum of new deals like; FenDigital, Soitec, Alamos Gold, Quartz as well as signing new deals with repeat customers like Bell Canada, Ryerson University, Carnegie Mellon University, Boehringer, and many more.
Evan Gappelberg, Chief Executive Officer, NexTech AR noted, “With over $900,000 in new bookings for InfernoAR in just three weeks and over $6million in quotes out in the market we are gaining significant momentum in Q3 expect that to continue to build into Q4 2020. We continue to believe we are in the right place at the right time with the right technology stack to prosper during this digital transformation. We have the only video conferencing platform that I’m aware of which includes the most immersive tech available, augmented reality (AR), giving us a significant competitive edge in this exploding market.” He continues, “as a result of having the right product mix we are currently experiencing a rapid increase in business and in turn hiring more talent to support our growing business. We started 2020 with just twenty employees while our current headcount is now 115 which is a testament to how fast our business is scaling. We are just at the beginning of what we believe to be a multi-year growth spurt in demand for AR, video conferencing and virtual events from businesses, governments and schools. 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 and shareholders.”