- NexTech announced a multi-event deal with FENEX to facilitate the fenestration sector’s first virtual exhibition
- The deal, which is worth approximately $185,000, will showcase NexTech’s ability to support and connect buyers and sellers in a B2B environment
- It also shows NexTech’s commitment to advancing hybrid and virtual events through innovation
- NexTech is also scheduled to present at the next OTCQB Venture Virtual Investor Conference that is scheduled for Thursday, August 5, 2021
In July 2021, Nextech AR Solutions (CSE: NTAR) (OTCQB: NEXCF) announced that it had closed a multi-event deal with FENEX for the fenestration sector’s first virtual exhibition platform. The event would run on NexTech’s LiveX platform and bring together the entire supply chain, mainly manufacturers, distributors, and retailers (https://nnw.fm/xIbeK).
The deal, worth approximately $185,000, will showcase NexTech’s technology and ability to support and connect buyers and sellers in a Business-to-Business (“B2B”) environment. In a statement from Evan Gappelberg, the Chief Executive Officer (“CEO”) of NexTech, he noted:
“We value highly strategic ecosystem builders like FENEX who are developing the digital marketplaces of the future for high growth sectors leveraging NexTech’s Augmented Reality and LiveX platforms. We believe that digital product demos will become a standard in sectors like home improvement, where buyers can engage with technical products from every angle with step-by-step instructions in 3D.”
FENEX is a pioneer in the fenestration sector, which focuses on arranging openings such as doors, skylights, curtain walls, and windows in a building. The company is committed to bringing together the entire supply chain and has strengthened its media, marketing, and online business to get its services even closer to its consumers (https://nnw.fm/4qKRK). Through the deal with NexTech, FENEX will have the industry’s first virtual exhibition in a move that, it projects, will allow the company to scale its marketplaces to other high-growth sectors.
“When many of the major home improvement shows are canceling events, FENEX has been able to innovate by partnering with NexTech AR Solutions to advance hybrid and virtual events to bring manufacturers, buyers and sellers together into digital marketplaces,” noted Lee Clarke, the CEO of FENEX. “Our vision is to continue to scale these marketplaces to other high growth sectors,” he added.
NexTech is a Toronto-based leader in the augmented reality (“AR”) industry. It has a two-pronged strategy for rapid growth that includes the acquisition of eCommerce businesses as well as the development of its omnichannel AR Software-as-a-Service (“SaaS”) platform, ARitize. With this, NexTech has helped bring AR to advertising, eCommerce, education, training, and video conferencing, creating an AR ecosystem.
The multi-event deal with FENEX shows NexTech’s commitment to advancing hybrid and virtual events through innovation. The company is also currently developing a platform for creating and publishing three-dimensional (“3D”) images- at scale- from 2-dimensional (“2D”) originals. This platform is aimed at facilitating the digital transformation of online shopping and education.
NexTech is also scheduled to present at the next OTCQB Venture Virtual Investor Conference on Thursday, August 5, 2021 (https://nnw.fm/L35O8). The event welcomes investors, institutional investors, analysts, and advisors from various industries and sectors. Other companies will be presenting at the event, including LEAF Mobile Inc., Tekcapital plc, Slinger Bag Inc., TECO 2030 ASA, and Tego Cyber Inc.
For more information, visit the company’s website at www.NextechAR.com and to register for the virtual event, please check www.VirtualInvestorConferences.com/login-registration.
NOTE TO INVESTORS: The latest news and updates relating to NEXCF are available in the company’s newsroom at https://nnw.fm/NEXCF
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