Nextech AR Solutions (Nextech) (OTCQB: NEXCF) (NEO: NTAR.NE)
(CSE: NTAR) (FSE: N29), a leading provider of virtual and augmented
reality (AR) experience technologies and services for eCommerce,
education, conferences and events, today announced that it has
hired Zak Mcleod formerly of Fastly FSLY (NYSE) as Senior Director
of Sales – EMEA. The company is also pleased to announce that Rory
Ganness formerly of Salesforce.com CRM (NYSE) has joined the
Nextech team as Director of Enterprise Sales- North America.
Both hires as Senior Sales Directors – at
Nextech AR, will establish the Company as a market-leading partner
for all things augmented reality across the globe region. This will
include introducing Nextech’s platform and tools to high-value
markets such as higher education, eCommerce, virtual events,
financial services, and healthcare through large client
acquisitions across these verticals.
Mcleod was Senior Sales Director (EMEA) at
Fastly, a market-leading edge cloud computing solution, where he
rebuilt the company’s media, broadcast, and entertainment vertical
from the ground up, across the UK and other European markets.
Highlights included key wins with Sky News
Arabia, Tomorrowland festival, and a large-scale image redesign
with The Guardian. Mcleod also acted as a consultant for Ericsson
Innovation Labs, where he advised on their Edge Computing strategy,
and acted as Major Account Executive at Cedexis, a significant
disruptor to the CDN & Cloud performance optimization industry
acquired by Citrix.
“I'm excited to start with Nextech and begin
working alongside and learning from the vast array of talent found
at this company. I believe there is incredible potential to create
truly immersive virtual experiences that inspire and change the
world for our customers,” said Zak Mcleod, Senior Director of Sales
– EMEA at Nextech AR. “I’m passionate about delivering business
value and enabling meaningful ways to connect with audiences using
new technologies - in today’s world, solution providers must look
for ways to introduce tools which have a positive impact on social
life and the way we communicate together. I believe the combination
of market-leading technology, Evan’s hunger and vision, as well as
the experience and know-how of the leadership team across the
business means we are uniquely placed to lead the way in the AR
market across the UK and European markets.”
“I’m delighted to welcome Zak and Rory who both
have their finger on the pulse of new wave technologies reshaping
the way we live, work and learn, making them ideal hires as demand
is accelerating and Nextech is rapidly expanding to meet this
demand throughout the EMEA, and North American markets,” said Evan
Gappelberg, CEO of Nextech AR. “Having talented salespeople with a
history of success is key to driving revenue as we build towards
our goal of $50-60 million in 2021.”
Over the past six months, Nextech has actively
sought out leading technology industry experts who can elevate the
company’s mission, provide value, and drive revenue across all
verticals. Due it it’s unique value proposition, Nextech has been
successful in attracting top tier talent from SAP, Apple, Microsoft
Corporation, Disney, IBM, Oracle, NortonLifeLock and now
Fastly and Salesforce.com.
Recent Company Highlights:
- February 10, 2021: The Company announced the
launch of version 2.0 of its AiR Show app, an application that
turns your favorite music artist into a ‘live’ hologram that you
can interact with in your living room, providing an immersive and
engaging AR experience.
- February 9, 2021: The Company announced that
its Virtual Experience Platform (VXP) will host this year’s virtual
Canadian Surgery Forum (CSF) taking place September 21-24,
2021.
- February 8, 2021: The Company announced the
launch of new standardized chat features within its Virtual
Experience Platform /VXP) and recently-launched ARoom collaborative
streaming solution. Nextech will also offer the chat platform, as a
stand-alone SaaS service externally, increasing the company's
revenue potential for 2021.
- February 3, 2021: The Company announced that
the Canadian Dairy XPO (CDX) has selected Nextech AR’s Virtual
Experience Platform (VXP) to host its 2021 trade show, taking place
virtually on April 7-8, 2021.
- February 1, 2021: The Company announced that
it has been invited to Microsoft’s Global Education Partner Summit
(GEPS), taking place virtually on February 8-10, 2021.
- January 29, 2021: The Company announced
Society of Physician Leaders (CSPL) has selected Nextech AR’s
Platform to host this year’s Canadian Conference on Physician
Leadership (CCPL) taking place April 26-29, 2021.
- January 26, 2021: The Company announced in
partnership with ARB Meetings and Events it has signed a six-figure
annual contract to supply its InfernoAR video conferencing and
virtual events platform to NAMD.
- January 25, 2021: The Company announced
that Strategic Site Selection (SSS), a 15 year old site
selection leader in the meeting and events industry, has selected
Nextech AR as a preferred channel partner, making Nextech’s
industry leading virtual experience platform and services available
to SSS clients.
- January 20, 2021: The Company announced that
Microsoft’s Azure Cloud Services platform will be
a standard offering across its virtual experience platforms and
consumer apps enabling hyper-scalable, secure, and immersive events
and applications for users.
- January 15, 2021: Company has signed a renewal
agreement with Poly with an initial value of $470,000
for a six-month term and the potential for additional
revenue after the six months.
- Record Q4 2020 Total Bookings of $7.3 million +275%
growth over the same period last year
- CEO Evan Gappelberg purchased 250,000 shares. This
purchase brings his 2020 purchased shares to 1,279,885 common
shares of Nextech.
- Announced the launch of its ground-breaking “Genie in a
Bottle” human hologram AR marketing platform and new
eCommerce store for its TruLyfe brand of human supplements.
- Company graduated from the CSE and received approval to
list its common shares with the NEO Exchange (“NEO”)
senior exchange.
- Announced that it is expanding its services into the
Asia-Pacific market after establishing a presence in
Singapore. To support this expansion, Nextech has hired
Yau Boon Lim, a technology industry veteran with over 25 years’
experience in strategy, planning, marketing, operations, and
business management for various industries in the Asia Pacific
market. Lim has held leadership positions within global enterprise
technology companies, driving marketing and strategies for blue
chip global tech companies, including IBM where he led marketing
management, Motorola where he was Head of Strategy and Planning,
and SAP where he was Vice President of Marketing for the Asia
Pacific market. Lim is based out of Singapore.
- Coex chooses Nextech as its hybrid virtual
event platform partner. Coex is a global leader in Meetings,
Incentives, Conferences & Events (MICE); it hosts over 200
exhibitions and 3,000 meetings & events in-house each year in
Korea at the Coex convention and exhibition center. Coex also
organizes numerous exhibitions throughout Korea and abroad, with
international reach in Vietnam, Indonesia, and China.
- The Canadian Society of
Nephrology (CSN) has chosen Nextech AR’s
Virtual Experience Platform (VXP) to host its 2021 Annual General
Meeting, taking place May 10-13.
- Launched a new collaborative streaming solution with AI
and AR enhancements, that integrates with its existing
Virtual Experience Platform (VXP) and its ARitize SaaS
offerings.
About Nextech AR
Nextech is one of the leaders in the rapidly
growing Augmented Reality market estimated to grow
from USD $10.7B in 2019 and projected to reach USD $72.7B by 2024
according to Markets & Markets Research; it is expected to grow
at a CAGR of 46.6% from 2019 to 2024.
The company is pursuing four
verticals:
Virtual Experience Platform
(VXP): An advanced Augmented Reality and Video Learning
Experience Platform for Events, is a SaaS video platform that
integrates Interactive Video, Artificial Intelligence and Augmented
Reality in one secure platform to allow enterprises the ability to
create the world’s most engaging virtual event management and
learning experiences. Automated closed captions and translations to
over 64 languages. According to Grandview Research the global
virtual events market in 2020 is $90B and expected to reach more
than $400B by 2027, growing at a 23% CAGR. With Nextech’s VXP
platform having augmented reality, AI, end-to-end encryption, and
built-in language translation for 64 languages, the company is well
positioned to rapidly take market share as the growth accelerates
globally.
ARitize™ For eCommerce: The
company launched its SaaS platform for webAR in eCommerce early in
2019. Nextech has a ‘full funnel’ end-to-end eCommerce solution
for the AR industry including its Aritize360 app for 3D product
capture, 3D/AR ads, its ARitize white label app, its ‘Try it On’
technology for online apparel, 3D and 360-degree product views, and
‘one click buy’.
ARitize™ 3D/AR Advertising
Platform: Launched in Q1 2020 the ad platform will be the
industry's first end-to-end solution whereby the company will
leverage its 3D asset creation into 3D/AR ads. In 2019, according
to IDC, global advertising spend will be about $725 billion.
ARitize™ Hollywood Studios: The
studio is in development producing immersive content using 360
video, and augmented reality as the primary display platform.
To learn more, please follow us on Twitter,
YouTube, Instagram, LinkedIn, and Facebook, or visit our website:
https://www.nextechar.com.
For further information, please contact:Evan
GappelbergChief Executive
Officerinfo@nextechar.com
The NEO has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Certain information contained herein may
constitute “forward-looking information” under Canadian securities
legislation. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as, “will
be”, “looking forward” or variations of such words and phrases or
statements that certain actions, events, or results “will” occur.
Forward-looking statements regarding the Company increasing
investors awareness are based on the Company’s estimates and are
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, levels of activity, performance,
or achievements of NexTech to be materially different from those
expressed or implied by such forward-looking statements or
forward-looking information, including capital expenditures and
other costs. There can be no assurance that such statements
will prove to be accurate, as actual results and future events
could 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 that are incorporated by reference herein, except as
required by applicable securities laws.
Fastly (NYSE:FSLY)
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Fastly (NYSE:FSLY)
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