TORONTO–(BUSINESS WIRE)–Nextech AR Solutions Corp. (“Nextech” or the “Company”) (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), a Metaverse Company and leading provider of augmented reality (“AR”) experience technologies and services is pleased to announce it has signed an ARitize 3D contract for 3D modeling and custom decorator with a major auto parts distributor, Genuine Parts Company.
Genuine Parts Company, founded in 1928, is a global service organization engaged in the distribution of automotive and industrial replacement parts. The Company serves hundreds of thousands of customers from a network of more than 10,000 locations across North America, Europe, and Australasia and has approximately 50,000 employees.
The Company’s ARitize 3D technology allows for large enterprise, medium and small ecommerce businesses to convert 2D images into 3D models at scale, using Nextech’s AI driven technology. Nextech has already signed deals and had success in the automotive industry, using its ARitize CAD technology to create models of the Ford Mustang Mach-E and Ford Escape SE Hybrid. Nextech AR offers scalability, affordability, ease of use, and the highest quality 3D models.
ARitize 3D has been gaining market traction and will continue to expand into new industries and product types. Announced last month, Nextech has rapidly expanded its offerings for 3D models and AR for ecommerce business into adult, fashion, nap pods, flooring, dog wear, jewelry, scooters, sports equipment, furniture and more. Ecommerce businesses are recognizing that the future of ecommerce rests in product visualizations through 3D models, as it has been proven to increase conversions and reduce returns. With this latest contract, Nextech expands into auto parts, which provides a substantial revenue opportunity.