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NexTech AR Solutions - 2020 - Flop of Top?!

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NexTech AR Launching New Collaborative Video Conferencing Solutions

Collaborative Video Conferencing Capabilities To Rival Zoom and Address Telemedicine and Edtech Markets

SANTA CRUZ, Calif. and TORONTO, July 13, 2020 (GLOBE NEWSWIRE) -- NexTech AR Solutions (NexTech) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), an emerging leader in augmented reality for eCommerce, AR learning applications, and AR-enhanced video conferencing and virtual events is pleased to announce that it is launching a new video conferencing software into its InfernoAR platform. The new video conferencing features will integrate collaborative classroom learning, one to one networking and traditional video conferencing directly into the platform letting users seamlessly launch and manage both collaborative experiences and large audience events directly from InfernoAR. This new capability addresses the global Edtech market expected to hit $345 billion by 2025 (according to Business Insider) and the fast growing Telemedicine market which according to Statista was valued at some $45 billion U.S. dollars.

InfernoAR CTO Mark Pace comments, “Bringing video conferencing and collaboration features to the forefront as a first class native experience in the platform is a natural progression, as we continuously evolve InfernoAR into best in class leader”. Having these technologies in house and built into our platform will allow us to realize future AR features as products like AR glasses become widespread. Combining InfernoAR large audience events, video conferencing and collaborative experiences with AR brings the platform and the user experience to a level unseen in any other product in our industry.”

Evan Gappelberg, Chief Executive Officer, NexTech AR noted “This new video conferencing capability is a fantastic addition to our already robust InfernoAR platform. InfernoAR is being chosen by more and more customers because of its full spectrum of offerings including end to end security encryption, Interactive Video, Artificial Intelligence and Augmented Reality all in one super-secure platform. He continues, “with video being the new voice during this virtual gold rush we will continue to push more interactive and immersive video centric features and innovations creating long term value and sustainability for our business. We expect to have this new video conferencing software in the market by October 2020.

By integrating the collaboration and conferencing features users of InfernoAR will be able to launch interactive classrooms with the touch of a button. Breakout rooms from main conference stages are seamless and can be configured and managed directly from InfernoAR. Attendees can network face-to-face with one or more colleagues directly from attendance pages. Any of these collaborative interactions can be streamed to a global audience of thousands or hundreds of thousand viewers simply or recorded without any assistance.

About InfernoAR
InfernoAR, supports clients that require integration with enterprise systems, custom workflow, cognitive search and discovery, interactive features and secure multi-CDN streaming in front of and behind the firewall. The platform services Fortune 500 businesses like Johnson and Johnson, Viacom, Polycom and others. It’s super secure with token authentication allowing the CDNs to reject serving videos to unauthorized users, by taking the JWT authentication to the edge security is pushed closer to the user and load is taken off the core application. InfernoAR has been providing top products and service in the video streaming space for 10+ years.
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Het lijkt erop dat NexTech Zoom uit het water gaat blazen. Veel betere beveiliging, veel groter bereik, meer AR functionaliteit, enz.

Gewoon lekker vasthouden.

fc

NexTech AR Launches New Interactive ‘ScreenAR’ Video Conferencing and Virtual Events Solutions

New Augmented Reality Immersive Video Conferencing Software To Accelerate Business Opportunities

SANTA CRUZ, Calif. and TORONTO, July 17, 2020 (GLOBE NEWSWIRE) -- NexTech AR Solutions (NexTech) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), an emerging leader in augmented reality for eCommerce, AR learning applications, and AR-enhanced video conferencing and virtual events is pleased to announce that it has launched a new immersive video conferencing software called ScreenAR. The new capabilities are seamlessly integrated into its InfernoAR platform using its ARitize app. The new AR features will allow for AR experiences to “pop” off the computer screen creating a one-of-a-kind immersive experience that everyone is craving today. This new capability is aiming to keep people engaged in virtual classrooms, virtual events, or virtual trade shows, becoming the video conferencing industry standard.

www.youtube.com/watch?v=FqyLnygDjfI

he ScreenAR will work on any display screen be it a computer or TV.

Features include:

* Human holograms walking off the display screen and onto the keyboard
* A floating 3D logo of a brand floating above the screen
* Any number of 3D objects can be seen floating in front of the screen
* A Zoom call button can be activated within the ScreenAR experience for a breakout sessions
* PDF document can be downloaded from ScreenAR
* Download a V card

Evan Gappelberg, Chief Executive Officer, NexTech AR noted, “We are on target to have a record breaking month in July revenue with our InfernoAR platform which we expect will only accelerate with this new product launch.” He continues, “ScreenAR’s immersive technology really changes the game for video conferencing and video learning. Imagine students being able to see the objects the instructor is talking about on screen floating in front of them in AR/3D. Imagine virtual conferences with new product launches, sponsorship opportunities, and interactivity. We see demand for this in Telemedicine, education, virtual conferences, and even gamifying ScreenAR. With this technology we firmly believe that Nextech has a competitive edge in the market and that ScreenAR will drive the massive adoption of our already in demand InfernoAR software. We believe that video combined with the immersive nature of AR puts us head and shoulders above the other video conferencing platforms out there.”

Paul Duffy, President, NexTech AR states, “We now speak to 100 new prospects each week and overwhelmingly they are all looking for ways to differentiate their virtual events. When we demonstrate the level of interactivity and immersion available through ScreenAR, they see a clear path forward for their Keynotes, Panels, Workshops and - most importantly - their Exhibit booths. Demand has been extraordinary for InfernoAR and I expect an acceleration with the addition of ScreenAR.”

InfernoAR is being chosen by more and more customers because of its full spectrum of offerings including end-to-end security encryption, Interactive Video, Artificial Intelligence and Augmented Reality all in one super-secure platform.

About InfernoAR
InfernoAR, supports clients that require integration with enterprise systems, custom workflow, cognitive search and discovery, interactive features and secure multi-CDN streaming in front of and behind the firewall. The platform services Fortune 500 businesses like Johnson and Johnson, Viacom, Polycom and others. It’s super secure with token authentication allowing the CDNs to reject serving videos to unauthorized users, by taking the JWT authentication to the edge security is pushed closer to the user and load is taken off the core application. InfernoAR has been providing top products and service in the video streaming space for 10+ years.
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Vandaag $15 miljoen opgehaald met het plaatsen van aandelen op CAD 6.50 ($ 4.90). Extra warrants op CAD 8.00

fc
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Ori Inbar, AR Pioneer and Founder of AugmentedReality.org, to Join NexTech Board of Directors

SANTA CRUZ, Calif. and TORONTO, July 28, 2020 (GLOBE NEWSWIRE) -- NexTech AR Solutions (NexTech) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), an emerging leader in augmented reality for eCommerce, AR learning applications, and AR-enhanced video conferencing and virtual events is pleased to announce that it has appointed Ori Inbar to its Board of Directors. Inbar is a recognized AR expert, having been involved in the industry for over a decade as both a startup entrepreneur and a venture capital investor through SuperVentures. With his long term perspective and extensive industry relationships, he is uniquely positioned to help guide NexTech on its growth trajectory and identify potential acquisition opportunities.

Ori Inbar comments, "I’m excited to lend my 14 years experience in the AR industry at the moment it’s exploding to one of the few pure-AR companies that are public; Evan and team seem to be doing the right things - and most importantly - growing!"

Evan Gappelberg, CEO of NexTech comments, “We are excited to attract one of the most experienced AR pioneers to represent shareholders as we start to scale our business. Ori has unparalleled contacts and experience within the AR industry which we intend to leverage to help guide the future growth of our company. With the AR industry growing at a very rapid rate and Apple and others soon to be released AR glasses on the horizon, having a resource like Ori is invaluable.” He continues, “As NexTech continues to identify growth opportunities, both organically and through acquisitions, Ori’s experience both as an AR technology founder and an investor will be crucial to reaching our long term vision. He has been a valued advisor for the past year and now we welcome him to the board of directors and are looking forward to his help in creating shareholder value.”

About Ori Inbar:
Ori is the world’s leading expert in augmented reality and has devoted the past 14 years to fostering the AR ecosystem. In 2009, Ori was the co-founder and CEO of Ogmento (renamed Flyby Media - Acquired by Apple), one of the first venture-backed companies conceived to develop augmented reality games and tech. In 2012, Ori founded AugmentedReality.org, a non-profit organization on a mission to advance augmented reality in order to advance humanity. AugmentedReality.org defined a moonshot goal to inspire 1 billion active users of augmented reality by 2020 (which is on track!) and is the producing organization behind AWE, the world’s largest AR and VR event in Silicon Valley, Asia, and Europe. Ori is a recognized speaker in industry events and a sought-after advisor for AR startups and initiatives. Previously, as Senior Vice President of Solution Marketing for SAP’s platform, Ori was responsible for the positioning and marketing of SAP NetWeaver - which under his leadership grew from a mere concept to a billion dollar business for SAP. Prior to SAP, Ori joined TopTier Software, as one of the first employees of this start-up. He led the development and introduction to the market of more than 15 internet and business applications including the world’s leading enterprise portal, which in 2001 was acquired by SAP for $400 Million.

As compensation for his board of director services, Ori Inbar was issued 50,000 options that vest over 3-years at an exercise price of $6.65/share.
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NexTech neemt nieuwe mensen aan, ondertussen meer dan 100 mensen in dienst. Groeit enorm snel en gaat eerdaags naar de Nasdaq. Staat natuurlijk wel veel hoger dan in januari, maar m.i. nog steeds koopwaardig.

fc
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NexTech Acquires Music Industry AR App ‘AirShow’

AR Human Hologram App addresses the $50 billion global music industry

VANCOUVER, British Columbia, Sept. 29, 2020 (GLOBE NEWSWIRE) -- NexTech AR Solutions (NexTech) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), an emerging leader in augmented reality for eCommerce, AR learning applications, AR-enhanced video conferencing and virtual events, is pleased to announce that it has acquired the AirShow app, valuable AI code plus a team of four AR experienced developers from TRICK 3D, the deal is closing October 1st. The AirShow application turns your favorite artist into a ‘live’ hologram that you can interact with in your living room providing an immersive and engaging experience all music fans will love and is now available to download on iTunes and Google Play Store.

According to the world economic forum the music industry generates $50 billion per year, by acquiring this application as well as hiring four experienced AR developers the company is addressing another huge industry with its AR tech.

The company plans to not only use this app for the music industry but also for its virtual events platform InfernoAR as well as for its AR eCommerce business. This is the company's seventh acquisition and third AR application which continues to tie together its augmented reality (AR) offerings with the goal of creating the world's first complete AR ecosystem.

AiR Show is an app that allows you to buy tickets to watch performances from real people in your own home. Tap on a featured event, or use a VIP code to access exclusive content to see music artists appear right in front of you using AR!

Evan Gappelberg, CEO of NexTech comments, “This acquisition adds even more AR revenue and earnings potential to our fast growing AR business and brings a tremendous amount of experienced talent to our team which is great since experienced AR talent is hard to find. With live music concerts shut down for the foreseeable future I see this app as a way for Nextech to help artists fill the revenue void they are currently experiencing. We already have recognizable musicians and music businesses partners that are eager to join the application. New ticketing capabilities should be available for in-app purchases allowing for revenue generation in the next few weeks. We also see a global growing demand for human holograms beyond just music. This app will help us to gain market share and meet this demand. I believe that human holograms can quickly be a multi-million dollar business for us.”

He continues “It’s a very exciting time for us as we continue to look for accretive strategic acquisitions and keep hiring more talent to keep up with the ever growing demand of NexTech’s product offerings. We are uniquely diversified and positioned in the fastest growing business segments of the global economy including AR, eCommerce, video conferencing, virtual events, and 3D/AR advertising.”

This acquisition was structured as an asset purchase agreement with a $300,000 USD price tag, 50% being in cash and 50% in restricted stock of Nextech or 37,500 common shares.
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Groeit als kool, bijna griezelig. Eind Q2 70 werknemers, eind Q3 140 werknemers, tientallen mensen die in aanname proces zitten.

fc

NexTech AR Solutions Reports Record Preliminary 3rd Quarter 2020 Results

NEW YORK and TORONTO, Oct. 09, 2020 (GLOBE NEWSWIRE) -- NexTech AR Solutions (NexTech) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), an emerging leader in augmented reality, eCommerce, and Virtual Events, reportes preliminary results for its third quarter ended September 30, 2020. The final numbers will be filed on SEDAR by November 30, 2020.

Q3 key highlights:

* Record Q3 2020 Total Bookings of $6.7 million* which exceeded all of 2019 revenue of $6mill
* 331% growth over Q3 2019 revenue of $1,561,425
* Record cash on hand of $16.3 million
* Raised $13.2 million, through underwritten offering by Mackie Research of 2,035,000 shares at a price of $6.50
* Hired Eugen Winschel 18 year SAP Executive as new COO
* Doubled the size of the company to 140 in Q3 from just 70 in Q2 - to continue to meet the rapid ramp up in demand and increase the company's technological capabilities.
* Company became approved Microsoft partner
* Launched New Distribution Deals with Well Known Consumer Brands, Including: Dyson, Philips Norelco, MR. Coffee, VitaMix, Breviel and Cusinart
* Landed $250,000 AR contract with Ryerson University
* Appointed Ori Inbar to its Board of Directors, a recognized AR expert, having been involved in the industry for over a decade as both a startup entrepreneur and a venture capital investor through SuperVentures.
* Acquired the assets of Next Level Ninjas for $720,000 cash consideration
* Launches “Screen AR” A New Augmented Reality Immersive Video Conferencing Software To Accelerate Business Opportunities
* Began building Collaborative Video Conferencing Capabilities To Rival Zoom and Address Telemedicine and EdTech Markets
* NexTech filed to uplist its stock to the Nasdaq Capital Market July 2nd.

Nextech attributes this massive growth to new customer acquisitions and the expansion of services for existing customers as the demand for AR and remote work solutions intensified.

The company is continuing to experience a rapid rise in demand for all its services. However demand is especially high for its AR Solutions which include; WebAR, AR ads, ScreenAR, Human holograms as well as custom AR solutions. Demand for the companies AR labs for education is growing at 200%/month while every virtual event the company does has multiple AR experiences. To meet this growing demand the company is currently hiring dozens of AR/VR, Unity and 3D modeling experts.

Evan Gappelberg, CEO of NexTech comments, “We are pleased to share our preliminary third quarter results for the period ending September 30, 2020. These extraordinarily positive results are being driven by an acceleration in demand across all of our products including: Video conferencing, eCommerce and Augmented Reality. He continues, “We are uniquely positioned to see our business benefit from the new ‘stay at home' economy and the digital transformation that is underway. We are now landing bigger deals with global brands that are choosing our InfernoAR video conferencing and AR solutions because we have the only video conferencing platform which offers AR solutions. We are “firing on all cylinders”, and sales velocity is continuing to accelerate as we begin our Q4”.

He continues “With our increased sales force crushing it, we utilize Total Bookings as a metric for the business. Total Bookings includes all services included in signed contracts for the period. Currently our bookings are mostly delivered within a 3-month period of the signed contract however as we sign up more annual and multi-year licenses, which bill monthly, booking will go further out”.
voda
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Next verlaagt outlook
Flinke koersval tot gevolg in Londen.

(ABM FN-Dow Jones) Next heeft in de eerste helft van boekjaar 2023 een beter dan voorziene winst geboekt, terwijl ook de omzet uit retail steeg, maar moest wel de outlook voor heel het jaar verlagen als gevolg van een sterke stijging van de kosten. Dit bleek donderdag uit cijfers van de Britse retailer.

Next verwacht voor de rest van dit boekjaar een omzetkrimp van 2 procent, waar eerder op een groei van 3 procent werd gerekend ten opzichte van een jaar eerder. De omzet in augustus viel harder terug dan verwacht, deels als gevolg van de gestegen consumentenprijzen, waardoor de onderliggende vraag afnam.

"Het kan zijn dat we nu te pessimistisch zijn, vooral omdat we het effect nog moeten afwachten van de Britse steunmaatregelen", aldus het bedrijf. "Maar we bereiden ons voor op uitdagende tijden."

Next boekte een winst voor belastingen in de eerste jaarhelft, die eindigde op 30 juli, van 400,6 miljoen pond ten opzichte van een winst van 346,7 miljoen pond een jaar eerder. Daarmee overtrof het bedrijf de verwachtingen van analisten.

De omzet kwam uit op krap 2,4 miljard pond, tegen 2,1 miljard pond een jaar eerder. Daarmee was de omzetstijging wel licht tegenvallend, volgens analisten geraadpleegd door FactSet.

De retailomzet steeg met 63 procent sterk en droeg 880,5 miljoen pond aan groepsomzet bij. De online omzet viel juist terug van 1,5 miljard naar 1,4 miljard pond.

Next verlaagde verder de outlook voor de winst voor belastingen in dit jaar tot 840 miljoen pond, waar eerder nog werd gerekend op 860 miljoen pond. In het vorige boekjaar werd nog een winst geboekt van 823,1 miljoen pond.

Het aandeel Next leverde in Londen vanochtend 7,9 procent in.

Door: ABM Financial News.

info@abmfn.nl

Redactie: +31(0)20 26 28 999
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