Nextech AR’s AI-powered CAD to Poly Toggle3D launches Major

Toggle3D interferes Computer Graphics Market, which is estimated to reach $160 billion by 2027 Dominated by Adobe, Autodesk, Solidworks, Nvidia

TORONTO, Jan. 26, 2023 (GLOBE NEWSWIRE) — Nextech AR Solutions Corp. (“Nextech” or the “Company”) (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), a Metaverse company and leading provider of augmented reality (“AR”) experience technologies, wayfinding technologies and 3D modeling services is pleased to announce the launch of a major upgrade to its AI-powered SaaS platform, Turn on 3D, which enables the creation, design, configuration and distribution of large-scale 3D models using CAD files. In addition to the new modern look and design, the company has launched an AI-generated Physics Based Rendering (PBR) material creation tool that now allows the scale of photorealistic materials. The company believes that this new AI technology will accelerate registrations for the platform. The company is also on target for the spin-out IPO of Toggle 3D and will announce updates shortly.

The new design, which includes a UX/UI boost, is aimed at improving the platform’s functionality by further simplifying the 3D modeling workflow. The design improvements also give the platform a fun and modern appeal, making it popular among those new to 3D design or even among experienced 3D artists looking for a friendly interface.

With the ease of use and simplicity of the platform, Toggle3D disrupts Computer Graphics Market, which is estimated to reach $160 billion by 2027. The market includes competitors such as Adobe, Autodesk, Solidworks, Nvidia, etc.

A key new feature is the introduction of a new material template, which is now available as a feature of the Pro plan. The template includes three different AI-powered methods for creating high-quality Physics Based Renderings (PBR), the industry standard for creating photorealistic materials, from scratch:

• Method 1 allows users to create a uniform color material from scratch
• Method 2 allows users to create a 3D material from a texture sample
• Method 3 allows users to create a material by cropping a product reference image

This means that users no longer need to create a tabletop finish that looks similar, but instead can create the exact digital twin.

Advances in the CAD converter also open up new use cases for manufacturers in product design, CPQ sales, product marketing, advertising and modeling. Manufacturers are now in control of their 3D modeling needs and can do it all themselves in Toggle3D with no experience or an in-house 3D modeling team required.

To try out some of these new and more advanced editing features, Toggle3D offers a 30-day free trial on the Pro plan for a limited period.

Toggle3D is excited to offer an all-in-one solution for manufacturers, making 3D modeling easy and accessible to everyone, with no experience or in-house team required. With its new design, functionality and features, Toggle3D positions itself as an industry leader and is well positioned to take advantage of the growth in the computer graphics market.

About Toggle 3D:

Launched in September, Toggle3D is an AR-enhanced standalone web application that enables product designers, 3D artists, marketers, and e-commerce site owners to create, customize, and publish high-quality 3D models and experiences with no technical or 3D design knowledge required. The company thinks so Turn on 3D is the first platform of its kind, and this ground-breaking SaaS product is a potential game-changer for the manufacturing and design industry, as it provides a viable solution for converting large CAD files into lightweight 3D models at affordable prices and at scale. According to BIS ResearchThe CAD market, quantified by the amount spent on the creation of CAD files, is projected to reach $11 billion by 2023.

Top 3 competitive advantages of switching between 3D versus 3D legacy software generating $11 billion in revenue

1. NO learning curve:
What makes Toggle3D different from the older 3D design software is its ease of use and democratization of 3D design. The goal is that anyone without previous technical or 3D design experience should be able to jump onto the platform and create a high-quality 3D image in a few minutes. This is in contrast to older 3D modeling systems, which require months to really feel comfortable with. Users will first be required to learn and understand the industry language, learn what the tools do, and then learn to use them in the legacy software. Meanwhile, in Toggle3D, we’ve streamlined this process by “humanizing” 3D design terminology, creating templates to guide creation, and simplifying the tools by using machine learning to transfer the complexity from the user experience to the backend platform, leaving more room for creativity instead .

2. Online:
Toggle3D is a web-based design studio which means the user can access everything on the browser and start designing immediately. No desktop downloads involved, no updates to keep track of, and no system requirements to worry about. All templates are organized into project panels that a user can access from anywhere and seamlessly navigate between. This is different from how legacy software was built back in the day, when the software suite was split into multiple desktop apps that require the user to understand system compatibility, download, sync, and learn independently.

3. Cooperation:
Toggle3D will allow advanced in-app collaboration. These new sets of features will allow multiple users to work simultaneously and on the same project, resulting in rapid feedback and decision making across departments and teams. These tools will allow companies to adopt 3D throughout their organization and unlock the power of group iteration. Users can set up workflows, permissions and version history to keep up with real-time design changes. These advanced collaboration cycles are more difficult to set up in desktop apps and can sometimes slow down or isolate the design workflow.

To learn more, please follow us further Twitter, YouTube, Instagram, LinkedInand Facebookor visit our website: https://www.Nextechar.com.

For further information, please contact:

Investor Relations Contact
Lindsay Betts
[email protected]
866-ARITIZE (274-8493) Ext 7201

Nextech AR Solutions Corp.
Evan Gappelberg
managing director and director
866-ARITIZE (274-8493)

About Nextech AR
Nextech AR Solutions (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2) is a diversified augmented reality, AI technology company that leverages proprietary artificial intelligence (AI) to create 3D experiences for the metaverse. Its main businesses create 3D WebAR photorealistic models for the Prime Ecommerce Marketplace as well as many other online stores. The company develops or acquires what it believes to be disruptive technologies and, once commercialized, spins them off as standalone public companies that issue stock dividends to shareholders while retaining a significant stake in the public spin-out.

On October 26, 2022, Nextech AR spun off its spatial computing platform, “ARway” as a standalone public company. Nextech AR retained a controlling ownership in ARway Corp. with 13 million shares, or a 50% stake, and distributed 4 million shares to Nextech AR shareholders. ARway is currently listed on the Canadian Securities Exchange (CSE:ARWY), in the United States on (OTC: ARWYF) and internationally on the Frankfurt Stock Exchange (FSE: E65). ARway Corp. is disrupting the augmented reality wayfinding market with a beacon-less codeless spatial computing platform enabled by visual marker tracking.

On December 14, 2022, Nextech AR announced its second spinout of Toggle3D, an AI-powered 3D design studio to compete with Adobe. Toggle3D is expected to be public in the first half of 2023.

To learn more about ARway, visit

Forward-looking statements
CSE has not reviewed and assumes no responsibility for the adequacy or accuracy of this publication.

Certain information herein may constitute “forward-looking information” under Canadian securities laws. In general, forward-looking information can be identified by the use of forward-looking terminology such as “will be” or variations of such words and expressions or statements that certain actions, events or results “will” occur. Forward-looking statements about the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. No assurance can be given that such statements will prove to be accurate, as future events may 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 incorporated by reference herein, except as required by applicable securities laws.

Cable service connector
InvestorWire (IW)
Los Angeles, California
www.InvestorWire.com
212.418.1217 Office
[email protected]