It was a crisp autumn morning in 2018 when Evan Gappelberg, the CEO of Nextech3D.ai, stood on the cusp of a significant moment in his career. The company Gappelberg built uses advanced artificial intelligence to create detailed 3D models from 2D photographs, transforming flat 2D photos into interactive 3D enhancing online shopping experiences. As sunlight filtered through the glass walls of his office, it cast reflections on monitors displaying the latest in 3D modeling technology. This was not just another day; it marked the culmination of decades of progress in photography. Today, Nextech3D.AI, a publicly traded company (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a Certified 3D Model External Content Provider (ECP) for Amazon, and a leading generative AI-powered 3D modeling technology company for major e-commerce entities, announces its intention to transform the e-commerce landscape with its patented AI-powered 3D modeling technology.
In an industry where visuals are crucial, Nextech3D.ai's ability to create accurate 3D models from 2D photographs bridges the gap between online shopping and the in-store experience. The partnership with Amazon, the world's largest online retailer, underscores the potential of AI to enhance how consumers interact with products online. As Gappelberg prepared to address the media, the anticipation built around the potential impact of this technology on the future of e-commerce.
Building a Vision
Nextech3D.ai was founded in 2018, driven by Gappelberg's ambition to advance augmented reality and artificial intelligence. With a $50 million investment in patented AI technology, the company aimed to create 3D models for e-commerce platforms. Their goal was straightforward yet impactful: to make online shopping as detailed and confident as a physical store visit, all from the comfort of home.
"We wanted to make online shopping as easy and satisfying as browsing your favorite store," Gappelberg said. "By using our patented AI technology, we can create 3D models that look real and can be easily scaled, which has allowed us to work with big names like Amazon." This significant investment has made Nextech3D.ai a leader in the industry, ready to meet the changing demands of e-commerce.
Nextech3D.ai uses advanced algorithms to turn simple 2D photos into detailed 3D models. This process cuts the need for expensive and time-consuming photo shoots, reducing costs and speeding up the time it takes for products to appear online. Additionally, the technology includes a virtual try-on feature, boosting customer confidence and reportedly doubling conversion rates. This development is making online shopping more interactive and engaging.
Elevating E-commerce with 3D Technology
The partnership between Nextech3D.ai and Amazon is poised to transform the e-commerce industry, which is expected to reach approximately $6.3 trillion by the end of 2024. As a certified Amazon 3D content provider, Nextech3D.ai's technology will be featured on Amazon's platform, enabling millions of merchants to transform their flat 2D photos of products to be viewed in detailed 3D. This collaboration marks a major milestone for both companies and highlights the growing role of augmented reality and artificial intelligence in retail.
"Partnering with Amazon is an incredible opportunity," Gappelberg explained. "Their focus on enhancing the customer experience fits perfectly with our mission. Together, we're redefining what online shopping can be." For consumers, this means a more interactive and informative shopping experience. Products can be viewed from every angle, with the ability to zoom in on intricate details, offering a level of transparency and engagement that traditional images can't match.
Nextech3D.ai's diverse customer base includes major clients like Miele, Sony, Procter & Gamble, NAPA Auto, and Kohl's, in addition to Amazon. This wide-ranging clientele demonstrates the broad appeal and applicability of Nextech3D.ai's technology across various industries. An industry expert pointed out the potential benefits but also warned about relying too heavily on technology. "While 3D modeling in e-commerce has great potential, it's important to balance technology with practicality. Not all products need such detailed visualization, and there will be a learning curve for both retailers and consumers," the expert noted.
Sustained Growth and Future Outlook
In 2024, Nextech3D.ai delivered over 100,000 3D models, showcasing its ability to scale and meet market demand. The global e-commerce market continues to grow, with a projected annual growth rate of 20% to 25% through 2025. As online shopping evolves, incorporating augmented reality (AR) and artificial intelligence (AI) technologies is key to enhancing customer experiences and driving sales.
Nextech3D.ai is well-positioned to benefit from these trends. Their technology meets current market needs and anticipates future demands. By continuously investing in research and development, the company aims to stay ahead, providing solutions that improve the online shopping experience. With a global reach, Nextech3D.ai has delivered millions of AR experiences, demonstrating its technology's scalability and market appeal.
Gappelberg is optimistic about the future, highlighting the importance of adaptability and forward-thinking. "Online shopping is always changing. We want to stay ahead and give our clients the tools they need to succeed in a digital world," he said. This proactive mindset ensures that Nextech3D.ai will continue to lead in integrating AI and AR technologies in e-commerce.
Expanding into New Sectors
Nextech3D.ai plans to enter fields such as health care, education, and real estate, using augmented reality (AR) and artificial intelligence (AI) for various applications. In health care, AR can facilitate virtual consultations, providing easy access to medical professionals. Education can benefit from immersive experiences that make learning more engaging, while real estate can use interactive property tours to allow buyers to explore homes remotely. These expansions show the versatility of Nextech3D.ai's technology beyond retail.
AR can improve patient care by making virtual consultations more immersive and realistic. It can bring lessons to life in education, making them more engaging. Real estate can benefit from AR by offering virtual property tours, saving time and resources while providing detailed views of properties. By exploring these new sectors, Nextech3D.ai aims to create value across multiple industries.
A New Chapter for E-commerce
The partnership between Nextech3D.ai and Amazon marks a new era for e-commerce. Integrating 3D modeling technology enhances the online shopping experience, providing consumers with more confidence and satisfaction. This gives retailers a competitive edge, fostering growth and customer loyalty.
This collaboration highlights the shift towards digital retail and the role of technology in shaping consumer behavior. As AR and AI evolve, they will transform online shopping, setting new industry standards. The partnership with Amazon demonstrates Nextech3D.ai's proficiency and ability to lead in this technological transformation.
"We're just starting to see what we can do. The possibilities for 3D and augmented reality technology to improve our daily lives are huge. At Nextech3D.ai, we're excited to explore these possibilities and provide solutions that really help," Gappelberg underscored. With this vision, Nextech3D.ai aims to influence the future of e-commerce. The partnership with Amazon and others is a step toward a future where technology and retail come together in new ways.
As Nextech3D.ai continues to develop AI and AR, the company remains dedicated to empowering businesses and enhancing the consumer experience. With leaders like Gappelberg, the future of e-commerce looks bright. For investors, Nextech3D.ai offers a promising opportunity, well-positioned for growth and success in the evolving e-commerce landscape. This proactive mindset ensures that Nextech3D.ai will continue to lead in integrating AI and AR technologies in e-commerce.
Key Features of Nextech3D.ai's 3D-Platform Offering:
- Seamless 3D Model Creation: Bring your 2D and CAD files to our platform, and Nextech3D.ai will build accurate 3D models at scale.
- AI-Driven 3D Texturing: Enhance 3D models with realistic textures using text prompts or from an Image and apply textures to your 3D models.
- 2D Photo Renders from 3D Models: Generate high-quality 2D images from 3D models for versatile use. Increased ROI from your 3D models, no more costly photoshoots.
- Compliance and Publishing: Provide your existing 3D models, and we ensure they meet Amazon's standards and publish them to your Amazon product pages.
For more information, contact:
Nextech3D.ai
Evan Gappelberg, CEO/Founder
866-ARITIZE (274-8493)
About Nextech3D.ai
Nextech3D.ai, or the "Company," (OTCQB: NEXCF) (CSE: NTAR) (FSE: 1SS), is a versatile augmented reality and AI technology company that utilizes its proprietary artificial intelligence (AI) to craft immersive 3D experiences at scale for manufacturers with CAD files and for E-COMMERCE merchants. The Company's primary focus lies in creating high-quality 3D WebAR photorealistic models for Amazon and various other online retailers with patented 2D-3D technology.
