Nextech3D.ai (NTAR.C) is a diversified augmented reality, AI technology company that leverages proprietary artificial intelligence (AI) to create 3D experiences for the metaverse. Its main businesses are creating 3D WebAR photorealistic models for the Prime Ecommerce Marketplace as well as many other online retailers. Nextech is a generative AI-powered 3D model supplier for Amazon, Kohls, P&G and other major e-commerce retailers.
Today, Nextech3D.ai announced it has signed an expansion 3D modeling contract with Vornado Air LLC, a leading American company that specializes in manufacturing and marketing air circulators, air purifiers, heaters, and humidifiers. Founded in 1989, Vornado has been dedicated to improving indoor air quality through its innovative and high-quality products that provide efficient and effective air circulation, filtration, heating, and humidification.
Nextech3D.ai was given select access to Amazon’s seller central to bring certain customers’ 3D product models onto the Amazon e-commerce marketplace.
Vornado Air LLC is a repeat 3D model customer, who has signed and completed 5 expansion contracts for additional 3D models with the Company. Nextech3D.ai has created over 100 models for Vornado Air thus far, all of which are live on Amazon and on the Vornado website. Vornado Air has also requested the creation of additional 3D models which are exclusive products for Costco and Best Buy.
This news comes after Nextech3D.ai announced it has signed an enterprise 3D modeling contract with Kabbani Furniture, a major furniture retailer in Egypt. With 4 main branches, 18 Sub-branches, 7 factories, and over 2000 employees in 7 different governorates, Kabbani Furniture is considered the number 1 furniture seller and manufacturer in Egypt.
Nextech3D.ai is making it possible to create photo-realistic 3D models as digital replicas of real-world products at scale for large enterprise customers and e-commerce giants like Amazon in the global $5.5 trillion dollar e-commerce market.
After printing all time record lows at $0.135, the stock has begun a bounce and recovery. Some good momentum here, but technically, the stock remains in a downtrend and can see selling resume. What bulls want to see is for the stock to take out the $0.24 level since this is the current lower high keeping the downtrend intact.
