Nextech3D.ai Enters Asian Market with Major 3D Modeling Deal to Revolutionize E-commerce

Multiple New Enterprise Accounts Driving 2023 Sales Growth As Company Pushes Towards Going Cash Flow Positive

TORONTO ON / ACCESSWIRE / March 30, 2023 / Nextech3D.AI (formerly Nextech AR Solutions Corp) (OTCQX:NEXCF) (CSE:NTAR) (FSE:EP2), a leading Generative AI-Powered 3D modeling supplier for major e-commerce brands such as Amazon, P&G, Kohls, and Dyson, has announced a significant expansion into the Asian market with a major enterprise 3D modeling deal for thousands of product SKUs. The contract highlights Nextech's breakthrough Generative AI technology, which is emerging as a globally dominant AI solution for scaling the production of 3D models in the booming e-commerce industry. The production of 3D models for ecommerce is estimated to be worth $100billion.

Evan Gappelberg, CEO of Nextech comments, "With this enterprise contract we have officially expanded into Asia, the largest and fastest growing market for ecommerce worth 3Trillion in annual revenue. This multi-year large enterprise contract is another critical step towards our goal to be the global 3D model supplier of choice for enterprise ecommerce giants globally. We continued to see a record number of new deals for 3D models from a variety of customers in Q1 2023 which will generate significant revenue for the next few years. He continues, "This latest 3D modeling contract from the Asian Pacific region of the world continues to point at the accelerating global demand for 3D models as the $5.5 trillion dollar ecommerce ecosystem pivots from flat 2D photos to 3D models. As Nextech3D.AI expands its reach, technology investors have a unique opportunity to invest in a company that is disrupting the e-commerce landscape and driving innovation in the lucrative 3D modeling sector."

"As we move further into 2023, the trend towards 3D models is only gaining more momentum. At Nextech, we are in active discussions with major brands and retailers around the world and are optimistic about securing additional multi-year enterprise contracts. These contracts present a significant revenue opportunity for our Company, which we expect to ramp up over the coming years. With millions of Amazon merchants now realizing the value of incorporating 3D models into their businesses, we anticipate exponential demand and revenue growth. We are excited to be at the forefront of this cutting-edge technology and look forward to continuing to drive innovation in the industry." - Evan Gappelberg, CEO of Nextech.