NexTech AR Launches New Interactive 'ScreenAR' Video Conferencing and Virtual Events Solutions
SANTA CRUZ, Calif. and TORONTO, July 17, 2020 (GLOBE NEWSWIRE) -- NexTech AR Solutions (NexTech) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), an emerging leader in augmented reality for eCommerce, AR learning applications, and AR-enhanced video conferencing and virtual events is pleased to announce that it has launched a new immersive video conferencing software called ScreenAR. The new capabilities are seamlessly integrated into its InfernoAR platform using its ARitize app. The new AR features will allow for AR experiences to “pop” off the computer screen creating a one-of-a-kind immersive experience that everyone is craving today. This new capability is aiming to keep people engaged in virtual classrooms, virtual events, or virtual trade shows, becoming the video conferencing industry standard.
The ScreenAR will work on any display screen be it a computer or TV.
Evan Gappelberg, Chief Executive Officer, NexTech AR noted, “We are on target to have a record breaking month in July revenue with our InfernoAR platform which we expect will only accelerate with this new product launch.” He continues, “ScreenAR’s immersive technology really changes the game for video conferencing and video learning. Imagine students being able to see the objects the instructor is talking about on screen floating in front of them in AR/3D. Imagine virtual conferences with new product launches, sponsorship opportunities, and interactivity. We see demand for this in Telemedicine, education, virtual conferences, and even gamifying ScreenAR. With this technology we firmly believe that Nextech has a competitive edge in the market and that ScreenAR will drive the massive adoption of our already in demand InfernoAR software. We believe that video combined with the immersive nature of AR puts us head and shoulders above the other video conferencing platforms out there.”
Paul Duffy, President, NexTech AR states, “We now speak to 100 new prospects each week and overwhelmingly they are all looking for ways to differentiate their virtual events. When we demonstrate the level of interactivity and immersion available through ScreenAR, they see a clear path forward for their Keynotes, Panels, Workshops and - most importantly - their Exhibit booths. Demand has been extraordinary for InfernoAR and I expect an acceleration with the addition of ScreenAR.”
InfernoAR is being chosen by more and more customers because of its full spectrum of offerings including end-to-end security encryption, Interactive Video, Artificial Intelligence and Augmented Reality all in one super-secure platform.
InfernoAR, supports clients that require integration with enterprise systems, custom workflow, cognitive search and discovery, interactive features and secure multi-CDN streaming in front of and behind the firewall. The platform services Fortune 500 businesses like Johnson and Johnson, Viacom, Polycom and others. It’s super secure with token authentication allowing the CDNs to reject serving videos to unauthorized users, by taking the JWT authentication to the edge security is pushed closer to the user and load is taken off the core application. InfernoAR has been providing top products and service in the video streaming space for 10+ years.
Recent Company Highlights in 2020:
NexTech is one of the leaders in the rapidly growing AR industry, estimated to hit $120 billion by 2022, according to Statista. NexTech, the first publicly traded “pure-play” AR company, began trading on the CSE on October 31st, 2018. NexTech has a two-pronged strategy for rapid growth including growth through acquisition of eCommerce businesses and growth of its omni-channel AR SaaS platform called ARitize™.
The company is pursuing four verticals in AR.
ARitize™ For eCommerce: The company launched its technologically advanced webAR for eCommerce early in 2019 and has been rapidly signing up customers onto its SaaS platform. Customers include Walther Arms, Wright Brothers, Mr. Steak, and Budweiser. NexTech has the first ?‘full funnel’ end-to-end eCommerce solution for the AR industry including its 3D product capture, 3D ads for Facebook and Google, ‘Try it On’ technology for online apparel, 3D and 360-degree product views, and ‘one click buy’.
ARitize™ 3D/AR Advertising Platform: launched in Q1 2020 the ad platform will be the industry's first end-to-end solution whereby the company will leverage its 3D asset creation into 3D, 360, AR ads. In 2019, according to IDC, global advertising spend will be about $725 billion.
InfernoAR: the world's most advanced Augmented Reality and Video Learning Experience Platform for Events, is a SaaS video platform that integrates Interactive Video, Artificial Intelligence and Augmented Reality in one secure platform to allow enterprises the ability to create the world’s most engaging virtual event management and learning experiences. Automated closed captions and translations to over 64 languages put InfernoAR in a class by itself.
ARitize™ Hollywood Studios: expected to launch in 2020, the studio has created a proprietary entertainment venue for which it is producing immersive content using 360 video, and augmented reality as the primary display platform.
On behalf of the Board of NexTech AR Solutions Corp.
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