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.
Recently, the Company announced the grand opening of its office space in Hyderabad, India. This expands Nextech3D.ai’s profit margins and dramatically reduces overhead costs projected to save the Company as much as $4 million annually.
Today, Nextech announced a partnership with Pixelloid Studios, a renowned creative studio specializing in 3D content creation and animation for Disney and others. Through this partnership, Nextech3D.ai is gaining access to a large talented and trained pool of students that have graduated from Pixelloid’s advanced 3D training program. This partnership represents an essential step in Nextech3D.ai’s ongoing efforts to address the increasing demand for 3D models from Amazon and others.
Pixelloid Studios is an award-winning 3D Animation and Visual Effects Company based in Hyderabad, India, known for its stellar contributions to the animation and VFX industry, with a portfolio that includes blockbuster movies and popular video games.
Nextech3D.ai has strategically chosen Hyderabad, India as the site for expansion frontrunning the surge in 3D model demand. Pixelloid Studios, who also has offices in Hyderabad will play a pivotal role in this initiative by training a team of skilled 3D model artists, who will integrate seamlessly into Nextech3D.ai’s workforce in India. Nextech3D.ai sees these efforts as significantly enhancing its 3D model production capacity at lower costs, thus positioning the company for success in 2024.
After printing all time record lows at $0.135, the stock begun a bounce and recovery. However, the stock could not recover above the $0.25 resistance zone. Because of this, the downtrend remained intact. Now the stock has printed new record lows at $0.125.
