Nextech3D.AI Corporation (NEXCF) Earnings Call Transcript & Summary

Sure. So if you go online and you shop what more and more people are doing, sometimes it's hard to tell the shape and the size and what the product is going to look like in your house. And so with 3D models, which is what NexTech makes using proprietary AI, we're able to give consumers the opportunity to take a 3D model of a product off the screen and put it in the room with them using augmented reality. So you could see a couch, you could see a table, a chair, you could see even a bed in your bedroom, you can see the size, the shape, the color. And then ultimately, that leads to a higher click-through rate, 250% higher conversion rate and a 40% reduction in returns, which is a huge deal for e-commerce. So obviously, all the e-com big-box stores and even the mid-tier players are now pivoting to 3D. It's really the equivalent of the dial-up modems, back in the beginning of the Internet to high-speed modems today or even if you look at film, if you remember, people used to actually go and develop their film and print it. Now everything is digitized. It's that same kind of mega trend where you're just going to shop in 3D and augmented reality, and you'll forget that there was even another way of shopping that 2D is just going to go the way of the dodo bird. It's just going to cease to exist. And we're right just positioned right time, right place right now, timing is key for this market. And obviously, COVID kind of gave it a turbo boost because everybody shopped online during 2020, and that really pushed the industry forward by 5 years, which was very, very positive for Nextech.

And time being the right time at the right place now that you've positioned yourself with the OTCQX, and essentially opening up the opportunity to see more investors in a wider market and taking the company's roots from Canada to the entire North American market. What can we expect in the coming year from Nextech?

Yes. So we're really global. We have clients all over the world, whether it's Asia, North America, as you mentioned, even the Middle East is getting in on 3D models and, of course, Europe. So we're really a global company. We supply major global brands with our 3D models. And from my standpoint, it's blue skies. We see a tremendous amount of demand for our services and we see that continuing really for the next decade because there's something like 400 million 3D models that need to be created. It's everything that's ever been made, everything that's being produced today, and everything that's being produced tomorrow, that all has to be converted into a 3D digital twin, a 3D model. And we've been at it now for 4 years. We have some proprietary AI. And as you mentioned, the timing is just perfect. And so again, back to the OTCQX, we see that as also perfect timing for the company where our business is aligned with this upgrade to the OTCQX.

Well, thank you so much for stopping by and sharing this update with us, Evan.

My pleasure.

Again, the CEO and Founder of NexTech AR Solutions, Evan Gappelberg.