Nextech AR Announces Plans For IPO Spin-Out Of 3D Design Studio Toggle3D, Targeting The $11 Billion CAD Market Shift to 3D-Commerce - Seite 2

Further Details of the Arrangement

Further details about the proposed Arrangement will be provided in a disclosure document to be prepared and filed in connection therewith. Investors are cautioned that, except as disclosed in the disclosure document to be prepared in connection with the Arrangement, any information released or received with respect to the foregoing matters may not be accurate or complete and should not be relied upon.

About Toggle 3D:

Launched in September, Toggle3D is an AR enhanced standalone web application which enables product designers, 3D artists, marketing professionals and eCommerce site owners to create, customize and publish high-quality 3D models and experiences without any technical or 3D design knowledge required. The Company believes that Toggle3D is the first platform of its kind, and this break-through SaaS product is a potential game changer for the manufacturing and design industry, as it provides a viable solution to convert large CAD files into lightweight 3D models at affordable prices and at scale. According to BIS Research, the CAD market, quantified by the amount spent on the creation of CAD files, is projected to reach $11 Billion dollars by 2023.

Since its Beta launch, Toggle3D has been successfully attracting and working with early adopters as the development of the platform continues. This early adopter group includes manufactures, production agencies, design agencies, industrial software companies and XR startups. These users are looking for a 3D modeling creation workspace for use-cases such as prototyping, design decision-making, content population in XR scenes and marketing applications.

The user personas are business owners, graphic designers, 3D artists, product designers, marketing teams, and operations teams that are all either looking to replace their legacy platforms because they are no longer meeting their needs, are new to the 3D ecosystem, or are facing 3D creation bottlenecks and are looking for a more scalable solution.

Introducing Toggle3D Video - click here to watch

Design Studio Demo - click here to watch

Toggle3D Video - click here to watch

Product Development Updates:

• Material Creation Template Powered by Machine Learning (ML): Toggle will be releasing a new template in the platform for material creation powered by ML. This has been a feature heavily requested by many early adopters and something that is currently a long process in any of the legacy systems. Recreating a material from scratch today can take anywhere from 120-240 minutes depending on its complexity and the artist's experience. Now imagine if you have 5X or even 10X materials on a simple object it could take days to finish. In Toggle3D, we have developed a break-through PBR material creation flow that reduces the time from hours or days to minutes. From start to finish it lets anyone transform a 2D reference image into a high-quality realistic PBR material with no technical experience necessary from the user. This is possible due to the generation and training of advanced learning algorithms that have been brewing in Nextech AR’s research and development hub for some time now.

• Supports NEW File Formats & Expanding CAD Conversion Capabilities: Toggle3D will be able to welcome new file format imports and will introduce improvements to its CAD file management. With the goal of simplifying this process, we are employing logic that allows parts from CAD conversions to be automatically named, grouped and filtered in a way that decreases the file organization flow effort by more than 200%!.

• Advanced Editing Features: We have introduced three NEW tools:

  • A Lighting Environment: This is a pre-set lighting library that allows users to change between environments to see how materials would look in different settings.