NexTech AR Solutions (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), an emerging leader in augmented reality (“AR”) for eCommerce, AR learning applications, AR-enhanced video conferencing and virtual events, has unveiled its next-generation ad technology. NexTech Ads offers rich and robust analytics that provide customers with data-driven insights that enable them to capture impressions, clicks, interactions and gain overall AR engagement data. In addition, NexTech customers can deliver compelling, effective 3D ads designed for Google that do not require application download. According to the announcement, the company reported click-through rates (“CTR”) of approximately 5% for 3D ads created with NexTech tools for its Vacuum Cleaner Market (“VCM”); that is compared to a reported average Google CTR of 1.55%.
The upgrade leverages NexTech’s WebXR and is intended to provide a robust AR experience with each ad. “Digital consumers are looking for engaging immersive experiences,” said NexTech CEO Evan Gappelberg in the press release. “The combination of Nextech AR’s 3D model creation at scale with Nextech’s Ad Network now on Google Ads creates an incredibly valuable offering that accelerates our customer’s reach with higher engagement levels. The Google Display Network reaches 90 percent of internet users worldwide, across millions of websites, news pages, blogs and Google sites like Gmail and YouTube.”
To view the full press release, visit https://ibn.fm/zZ0K3
About Nextech AR Solutions Corp.
NexTech develops and operates augmented reality (“AR”) platforms that transport three-dimensional (“3D”) product visualizations, human holograms and 360-degree portals to its audiences altering e-commerce, digital advertising, hybrid virtual events (events held in a digital format blended with in-person attendance) and learning and training experiences.
NexTech focuses on developing AR solutions; however, most of the company’s revenues are derived from three e-commerce platforms: vacuumcleanermarket.com (“VCM”), infinitepetlife.com (“IPL”) and Trulyfesupplements.com (“TruLyfe”). VCM and product sales of residential vacuums, supplies and parts, and small home appliances sold on Amazon. For more information about the company, please visit www.NextechAR.com.
NOTE TO INVESTORS: The latest news and updates relating to NEXCF are available in the company’s newsroom at https://ibn.fm/NEXCF
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