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Nextech AR’s Map D Signs Multiple New Deals As Events Industry Accelerates Shift to Web 3.0
Thursday, July 7, 2022Company Profile | Follow Company
Vancouver, BC, July 7, 2022--(T-Net)--Nextech AR Solutions Corp. (OTCQB: NEXCF, CSE: NTAR), a Metaverse Company and provider of augmented reality ("AR") experience technologies and services announced the signing of multiple deals in the events industry by the Map D division of Nextech AR for their self-serve event management software solution.
The Map D software platform is experiencing an accelerating rate of growth, up 70% when compared to the first 6 months of 2021, and continues to expand rapidly with sales in new categories, combining integrations with Nextech's Web3.0 technologies.
The integration of these Web3.0 technologies is important for the events industry and has led to a transformation of the Map D platform, accelerating its future revenue growth, according to the company.
Evan Gappelberg, CEO, Nextech AR Solutions Corp.
Nextech AR CEO Evan Gappelberg commented, "The Map D platform is transforming and shifting toward Web3.0 and seeing accelerating revenue growth with the integration of Nextech AR's metaverse suite. By integrating Map D with ARitize Maps, ARitize 3D, and ARitize Holograms, we are able to maximize the potential revenue with each of our clients and offer immersive experiences that transform industries, including real estate, museums, sporting venues and more. He continues, "the Map D platform continues to grow, release new features, sign new clients, and generate accelerating revenue. Our aim is to upsell and cross sell Map D's existing and new blue-chip clients by offering full end-to-end solutions, which provide engaging and immersive experiences that their customers want. The RC Show use case can be replicated for any event, tradeshow, convention or exhibitor hall across any industry, and incorporate 3D product visualizations, human holograms, augmented reality wayfinding, and more to wow guests and increase conversions, brand awareness, and engagement...which continues to drive strong revenue growth."
The Company says it is also testing and seeing early success with a breakthrough in scaling the creation of spatial maps for events, and especially augmented reality (AR) wayfinding by using Map D technology for its ARitize Maps product.
This technology will allow event show organizers to sell AR wayfinding to exhibitors as well as sponsorship opportunities to sponsors creating yet another source of revenue for Nextech.
Map D has fully embraced Nextech AR's technologies, ARitize Maps, ARitize 3D and ARitize Holograms, providing the potential to take its events and associations clients into the metaverse with the Company's spatial mapping, 3D modeling and hologram technology.
The new contracts signed by Map D represent accelerating growth opportunities for Nextech with the potential for spatial mapping, 3D models, holograms and more as they provide the Company dozens of additional clients for upsell and cross-sell opportunities.
The ARitize Maps product has an unlimited number of use cases for augmenting physical spaces in the Metaverse, including events, conventions, trade shows, real estate, rental properties, sporting events, and more, according to the company.
With value propositions spanning multiple industries and use cases, this app opens Nextech's 3D/AR technology solutions to new markets and provides a seamless integration with the events and association clients of Map D. For example, Apartment Associations can use Nextech's ARitize Map's wayfinding spatial mapping; Home Builders can show a new home completely in the metaverse in Web 3.0, showcasing not just the home itself, but 3D assets such as furniture and home appliances. The use cases are endless.
Map D Business is gaining sales momentum in multiple categories as seen below in the large number of contracts signed with Apartment Associations, Home Builders and many others, according to the company.
See a breakdown of the 2022 signings in each segment below:
Sampling of New Signed With Apartment Associations Including:
Sampling of New Signed Contracts Home Builders Associations including:
Other Notable Contracts Recently Signed:
About Map D
Map D is a self-serve event management software solution. Map D provides clients with an extensive set of features and tools for managing almost any kind of event you can imagine. Whether someone is looking for an easy way to sell floor plan space or services at trade shows, expos, or festivals or to manage speaker and schedule details during conferences or meetings, Map D does it all and updates in real time to make it easier to communicate with event goers. Map D is a tool that makes an event manager's job easier by automating or crowd sourcing complicated logistics while simplifying the sales processes and adding new revenue opportunities. Most clients spend 2-4 hours on setting up their event in Map D, then the rest is automated so they can sit back and collect sales, or point event participants to a single web address for all the information they may need. Map D also can provide a companion native mobile app which in the future will double as a AR wayfinding app, for in-person events or serve as a self-contained virtual venue for attendees, exhibitors, sponsors, speakers, or anyone else participating in an event.
Forward-looking Statements
Forward-looking information contained herein may include but is not limited to, references to any future acquisitions and the timing thereof and the use of proceeds of the Private Placement. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, general market conditions, availability of financing, regulatory approvals and the results of the Company's operations. Forward-looking information is not a guarantee of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Accordingly, readers should not place undue reliance on forward-looking information, which are qualified in their entirety by this cautionary statement. The Company does not undertake any obligation to release publicly any revisions for updating any voluntary forward-looking information, except as required by applicable securities law. |
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Nextech3D.ai (formerly Nextech AR Solutions Corp)
Vancouver (Other Tech Sectors)
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