Nextech AR Solutions (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), a metaverse company and leading provider of augmented reality (“AR”) experience technologies, wayfinding technologies and 3D model services, received shareholder approval to spinout its ARway platform and associated assets to 1000259749 Ontario Inc., the company’s wholly owned subsidiary. The vote was conducted at the company’s annual and special meeting of shareholders, which was held on Oct. 12, 2022. The strategic plan calls for Nextech to receive 16,000,000 common shares of ARway while another 4,000,000 ARway shares are distributed to Nextech shareholders on a pro rata basis. A no-code spatial computing platform that is activated by scanning a QR code, ARway offers an augmented reality indoor wayfinding solution for large, multipurpose venues activated with visual marker tracking. Using ARway, individuals can access a venue map and navigate to any point of interest with step-by-step directions; the platform also provides rich augmented reality experiences and content.
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About Nextech AR Solutions Corp.
Nextech AR Solutions is the engine accelerating the growth of the metaverse. Using breakthrough artificial intelligence (“AI”), Nextech AR is able to quickly, easily and affordably ARitize (transform) vast quantities and varieties of existing assets at scale making products, people and places ready for interactive 3D use, and giving creators at every level all the essential tools they need to build out their digital AR vision in the metaverse. The company’s platform-agnostic tools allow brands, educators, students, manufacturers, creators and technologists to create immersive, interactive and the most photo-realistic 3D assets and digital environments; compose AR experiences; and publish them omnichannel. With a full suite of end-to-end AR solutions in 3D commerce, education, events and industrial manufacturing, Nextech AR is in a unique position to meet the needs of the world’s biggest brands and all metaverse contributors. Nextech funds the development of its AR and metaverse growth initiatives through its e-commerce platforms, which currently generate most of its revenue. Nextech’s e-commerce platforms include vacuumcleanermarket.com (“VCM”), infinitepetlife.com (“IPL”) and Trulyfesupplements.com (“TruLyfe”). VCM and product sales of residential vacuums, supplies and parts, and small home appliances sold on Amazon. These e-commerce platforms serve as an incubator for developing and testing Nextech’s leading-edge AR, AI and machine learning applications for powering next-generation e-commerce technology. For more information about the company, please visit www.NextechAR.com.
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