NexTech AR Solutions says recently launched AR solution for video, ‘ScreenAR’ has generated over $100,000 in sales in its first month

NexTech AR Solutions Corp. (OTCQB:NEXCF) (CSE:NTAR) (FSE:N29) revealed that its recently launched augmented reality (AR) solution for video, ‘ScreenAR’ has generated over $100,000 in sales in its first month and is gaining great momentum. The firm, an emerging leader in augmented reality for eCommerce, AR learning applications, AR-enhanced video conferencing and virtual events, said ‘ScreenAR’ has been seamlessly integrated into the InfernoAR platform and uses the company's ARitize technology. READ: NexTech AR doubles up 2Q revenue on strong demand for InfernoAR virtual events With the integration of its augmented reality solutions into its video conferencing events platform InfernoAR, NexTech added, it has created a unique suite of product offerings that helps companies drive their digital transformation. A recently announced contract with Ryerson University for AR labs valued at $250,000 plus the recent surge in orders for ScreenAR bringing in over $100,000 and growing positions at the company at the enviable intersection of the digital transformation of everything, setting the stage for exponential growth in AR revenue going forward, it said. To meet this rapidly growing market demand the company is dramatically expanding its AR division of expert 3D modelers, highly experienced Unity developers as well as talented UI/UX designers. In addition, the company has appointed Dawsyn Borland as head of its new AR Labs to prepare for the highly anticipated rollout of AR glasses as well as to continue to develop and innovate AR for eCommerce, ScreenAR, AR Labs, WebAR, 3D/AR Advertising, all of which are key parts of the company's ongoing drive to develop its ecosystem of revenue-generating AR solutions. In a statement, Evan Gappelberg, NexTech AR chief executive officer noted: “Due to the insatiable demand of InfernoAR, the surging demand for our AR products and continued growth in our AR eCommerce we are on target to have a record-breaking Q3. “With our growing sales force, pipeline of deals and quotes I’m estimating that we hit $5million in revenue for Q3, which almost equals our entire year's revenue in 2019 of $6 million. Due to our diverse product offerings we are seeing adoption of our products and services across a wide spectrum of customers; including Universities, Faith-based organizations, Fortune 1000 corporate giants and virtual conferences.” He added: “With our innovative AR technology solutions we firmly believe that NexTech has a competitive edge in the market and that ‘ScreenAR’ will only accelerate the massive adoption already underway of our InfernoAR software. Our customers believe that video combined with the immersive nature of AR puts us head and shoulders above the other video conferencing platforms out there, and are choosing our platform because of it.” Paul Duffy, NextTech president of NexTech commented: “Demand continues to soar for our unique offer of Virtual events with Augmented Reality through InfernoAR. Our clients find that they are able to literally augment their existing 2D presentations with 3D photorealistic immersive storytelling, leading to every manner of event utilizing our augmented reality through ScreenAR, 360 AR Portals and other forms of interactive AR experiences.” Duffy said that “as an example we now deliver global product launches that reach thousands of retail distributors and tens-of-thousands of customers through InfernoAR, bringing holographic products direct to the user from the comfort and safety of their home. This is transforming how brands are able to interact with their customers and supply chains during the reality of COVID.” Contact the author at jon.hopkins@proactiveinvestors.com