Nextech AR and Kmart Australia sign annual 3D model and AR contract

Vancouver, British Columbia–(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 experience technologies and services ( “RA”) is pleased to announce a multi-year extension to its 3D/AR e-commerce contract with Kmart Australia, part of the Wesfarmers Group (ASX.WES) one of Australia’s largest publicly listed companies whose businesses include; Bunnings, Kmart Group, Officeworks and others. After a successful POC, Kmart Australia signed an annual contract not only for 500 homeware SKUs, but also for Nextech. ARitize Decorator platform (formerly known as 3D Rooms). As part of this annual contract, Nextech will index these 500 household goods assets with Google’s 3D AR search. The company is experiencing a wave of new, global interest and demand for 3D models and AR visualizations for e-commerce.

Watch a video of ARitize Decorator Click here

As previously announced, Nextech has been selected by Google as Early Access Partner with Google’s 3D AR Research Program. With Nextech having been selected by Google as a partner, Google is allowing Nextech to grant Kmart Australia exclusive early access to the 3D Search program, which will cause Kmart Australia’s 3D models to appear higher in Google’s organic search results – perhaps even on the first page, maximizing reach and awareness for the retailer.

Watch a preview of 3D/Augmented Reality furniture for Kmart Australia: Click here

The contract, which also includes the services of Nextech ARitize Decorator Platformis a solution that Kmart Australia considers an exceptional component to facilitate the journey and decision-making process of its customers, and an innovative opportunity to present revolutionary technology on its website while increasing sales and decreasing returns. . ARitize Decorator allows customers to virtually preview home furnishings and decor in their desired location, using a simple 2D photo of a room. The solution uses Nextech’s AI to automatically analyze a room’s layout, then analyzes the surfaces of the room, reconstructs the scene, and allows multiple 3D AR objects to be placed seamlessly in a 2D photo, as if they were doing part of the room. Watch a video overview of the technology – Click here.

Evan Gappelberg, CEO of Nextech AR, said: “This one-year contract on 500 homeware SKUs with Kmart Australia serves as a clear validation of the benefits of our 3D and AR modeling for e-commerce solutions and we are excited to continue. to work and grow with Kmart Australia, who are proving to be innovators in their space. He continues, “We continue to create tremendous value through the e-commerce ecosystem with not only 3D models and AR visualizations, but also with our relationships with big tech companies like Google and others.”

About Kmart Australia

Kmart opened Australia’s first discount department store in Burwood, Victoria in 1969. It was the start of a proud Australian icon that revolutionized the way Australians and New Zealanders shop. Today, Kmart has over 200 stores in Australia and New Zealand and is recognized as one of Australia’s most profitable discount department stores. Kmart Australia employs approximately 30,000 team members who work primarily in our retail stores. Our national office is based in Mulgrave, Victoria and has approximately 800 team members.

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About Nextech AR

Nextech AR Solutions is a Metaverse company that develops and operates Augmented Reality (“AR”) platforms, bringing three-dimensional (“3D”) product visualizations, human holograms and 360° portals to its audiences, modifying e-commerce, digital advertising, hybrid virtual events (events held in a digital format combined with in-person participation) and learning and training experiences.

Nextech is focused on developing AR solutions for the Metaverse, but most of the company’s revenue comes from three e-commerce platforms: (“VCM”), (“IPL”) and Trulyfesupplements .com (“TruLyfe”). VCM and sale of residential vacuum cleaner products, supplies and parts, and small appliances sold on Amazon.

Forward-looking statements

CSE and NEO have not reviewed and accept no responsibility for the adequacy or accuracy of this release.

Certain information contained herein may constitute “forward-looking information” under Canadian securities laws. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “will” or variations of these words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Nextech will not update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.