Nextech AR Solutions (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), a Metaverse company and leading provider of augmented reality (“AR”) experience technologies and services, has agreed to a multiyear expansion of its 3D/AR ecommerce contract with Kmart Australia. According to the announcement, Kmart Australia is scaling its AR for ecommerce and has signed an annual contract for 500 homeware SKUs as well as Nextech’s ARitize Decorator platform. The contract calls for Nextech to index the 500 homeware assets with Google’s 3D AR search. Kmart Australia is part of the Wesfarmers group, one of Australia’s largest listed companies whose businesses include Bunnings, Officeworks and others. The company is seeing an increase in interest and demand for 3D models and AR visualizations for ecommerce. Because Nextech is a Google partner, the agreement gives Kmart Australia exclusive early access to the 3D search program, which means Kmart Australia’s 3D models appear higher in organic Google search results, possibly even on the first page. “This one-year 500 homewares SKU contract with Kmart Australia serves as a clear validation of the benefits of our 3D modeling and AR for ecommerce solutions and we are excited to continue working and growing with Kmart Australia, who are proving to be innovators in their space,” said Nextech AR CEO Evan Gappelberg in the press release. “We are continuing to create tremendous value through the ecommerce ecosystem with not just 3D models and AR visualizations but also with our relationships with big tech companies like Google and others.”
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About Nextech AR Solutions Corp.
Nextech AR Solutions is a Metaverse company that develops and operates augmented reality (“AR”) platforms, transporting three-dimensional (“3D”) product visualizations, human holograms and 360-degree portals to its audiences, altering e-commerce, digital advertising, hybrid virtual events (events held in a digital format blended with in-person attendance) and learning and training experiences. Nextech focuses on developing AR solutions for the Metaverse; however, most of the company’s revenues are derived from three e-commerce platforms: vacuumcleanermarket.com (“VCM”), infinitepetlife.com (“IPL”) and Trulyfesupplements.com (“TruLyfe”). VCM and product sales of residential vacuums, supplies and parts, and small home appliances are sold on Amazon. For more information about the company, please visit www.NextechAR.com.
NOTE TO INVESTORS: The latest news and updates relating to NEXCF are available in the company’s newsroom at https://ibn.fm/NEXCF
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