NexTech AR Solutions Corp

NexTech AR Solutions Corp



you been a really exciting opportunity to the augmented reality space tell us about what you're offering and what your experience is sure so my experience has been Wall Street taking companies public in fact I took take-two interactive software public symbols ttwo it had a 30 million dollar market cap today it has over a ten billion dollar market cap I also took a cannabis company public in 2016 and it went up 20x next tech is my baby and and the next big thing if you look at the industry you have major tech companies like Intel Microsoft Google Apple they're all either acquiring or investing billions of dollars into augmented reality today they look at this as their future and we're participating in that as we go forward what we're bringing to market is a next generation augmented reality platform we have three verticals augmented reality for e-commerce which is you know if you think of shopping on Amazon using AR you can see the object in the room with you at home and then we have augmented reality for education and training we call that our AR University and then we have augmented reality for entertainment which is movies so we have three different verticals each one is a multi billion-dollar vertical and they're all under the umbrella of the multi trillion-dollar mega trend which is augmented reality and virtual reality absolutely and now the AR and VR market is supposed to grow to over two hundred billion dollars worldwide by 2022 how are you taking advantage of that we're taking advantage of that through our three verticals we're in the market currently with our AR for e-commerce we just launched our AR University we're signing up customers every day we have a SAS platform which means that it's recurring revenue so it's a subscription model and when we launched our AR for entertainment we think that's gonna be a really big deal for the industry now you mentioned the AR for education and training and so tell me how that's gonna be disrupting the market so every company has some kind of education and training program all the fortune 500 companies what they don't have however is the augmented reality piece where you can have an object that you're training a new employee on in 3d fully volumetric you can have an exploding view you can see the different layers the different pieces of the product and actually have the instructor beamed in as a hologram right 3d fully volumetric you can't tell the difference between the human and the hologram and he's training and a new employee on this object and is is it's as if he's in the room with the employee except he's not there he's a hologram and the 3d object same thing and so it's very disruptive it's kind of a next generation platform and we are the first to market and the only ones actually who have this type of platform sounds like the future and now so tell me about what you guys have coming up in the next few quarters so we're continuing to scale our business we have an AR enhanced e-commerce we made a bunch of acquisitions early in the year and those acquisitions are going to start to pay dividends in the next two quarters so we acquired a business called infinite pet it had two products we're about to launch six new products into the market so if you could imagine that could triple or quadruple the revenue from that business and those businesses are generating today about four hundred thousand dollars per month in revenue so if you think of being able to launch new products and tripling that kind of revenue it's a really big deal for a small cap company like Nextec we're also going to be launching our AR for entertainment as I mentioned again we think that's a really big deal companies like you know actually like Netflix and Disney we think that they're gonna have a big interest and they've already shown an interest by investing in start-up augmented reality companies and finally what sets you guys apart from all the other players in the industry well that's easy what sets us apart is that everybody else in the air industry are operating as point solutions meaning they do web AR but that's all they do they do AR for e-commerce but that's it they do education and training but that's all they do they might do AR for entertainment but again that's all they do so it's point solutions next Tech we actually have a portfolio of businesses under our AR ties umbrella so if you think of next tech think of us as a diversified portfolio of revenue generating a our businesses

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