NexTech AR's InfernoAR Video Conferencing Virtual Events Software Chosen By ICSOBA
SANTA CRUZ, Calif. and TORONTO, July 20, 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 ICSOBA has chosen InfernoAR for its 38th annual event November 16-18 at a cost of $40,000, with the potential for additional revenue from ScreenAR. The International Committee for Study of Bauxite, Alumina & Aluminium (ICSOBA) unites industry professionals representing major bauxite, alumina and aluminium producing companies, technology suppliers, researchers and consultants from around the world. With the rapid rise in global demand for video and virtual events, the company is experiencing a surge in demand for its InfernoAR video conferencing and virtual events services.
With the companies recently announced new ScreenAR any virtual event can become engaging and have a one-of-a-kind immersive experience that everyone is craving today. With an initial launch price of $9,999 the potential for upselling ScreenAR and generating additional revenue is substantial even for a small event with 100 booths.
Pete Dunn Sr VP of Sales, NexTech comments, “I'm honoured that the International Committee for Study of Bauxite, Alumina and Aluminium (ICSOBA) has chosen InfernoAR to host their 38th annual International Conference bringing together their global audience in an exciting new format.” He continues, “I have already had several conversations with their Chairman who sees the future of their annual events as hybrid. They have also introduced us to their close partners, the Aluminium Research Centre REGAL - from the University Laval in Canada who have also made the decision to host their annual event for students using our InfernoAR platform.”
Mr Dunn further comments on the sales climate for InfernoAR, “In all my 21 years experience in high level sales I have never seen anything like the demand I am currently witnessing for our virtual event solutions even as some countries are slowly opening up events - the future is truly hybrid and to call the daily enquiries and lead flow insatiable is not doing it justice. Furthermore it's far more than just quantity, it's the absolute quality and caliber of the companies and organisations that I am speaking with and we are helping. Some truly mind blowing global institutions across multiple industries.”
Evan Gappelberg CEO of NexTech comments, “We believe that having such a prestigious international organization as ICSOBA choose us over the competition validates our platform as one of the leading video conference virtual events platforms not just in North America but globally. 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.” He continues, “with video being the new voice during this ‘virtual gold rush’ we will continue to push more interactive and immersive video centric features such as ScreenAR which we see as a industry game changing innovation creating long term value and sustainability for our business.”
ICSOBA was formed in 1963 in Zagreb (Yugoslavia), and in the past half century it has become a well recognized and truly international organization. The main objective of ICSOBA is to promote the exchange of ideas and results of the work from different fields of research related to bauxite exploration and mining, and alumina and aluminium production.
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.
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About NexTech AR Solutions Corp.
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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