Nextech AR Achieves
Major Generative AI Breakthrough in 3D Model Texture
Creation
Generative AI is
now giving Nextech a competitive edge and driving its
transformation towards profitability and scale in the $100Billion
3D model for ecommerce market
TORONTO, O.N,
Canada -- February 7, 2023 -- InvestorsHub NewsWire
-- Nextech
AR Solutions Corp.
("Nextech" or the
"Company") (OTCQX:
NEXCF) (CSE:
NTAR) (FSE: EP2), an Augmented Reality, Metaverse Company and
3D model supplier for Amazon and other major ecommerce retailers
and brands is pleased to announce its has achieved with the help of
generative AI a breakthrough in the field of texture expansion. The
Company can now recreate high-quality 4K textures at scale from
just small 250px X 250px of digital swatches in just seconds versus
hours of manual labor representing a 720 fold
increase in
production speed. This breakthrough in texture expansion technology
will revolutionize the 3D modeling industry and give Nextech a
major competitive edge further solidifying its leadership position
in the global 3D model space for ecommerce. The Company plans to
file a patent in 2023 on this breakthrough technology.
Nextech's generative
AI-powered technology is a breakthrough in texture expansion,
allowing for the first time for real-time, interactive texture
expansion. The technology was able to expand a 250x191 pixel patch
more than 160 times into a 4K image in just 40.5 seconds.
Previously reference images were used which often contain small
patches of patterns and textures, making it difficult for artists
to recreate them in a high-quality manner.
Nima Shashar CTO of
Nextech commented, "Our technology shows over 720-fold
improvement in speed. With this technology we will
revolutionize the 3D modeling industry and make it possible to
create photo-realistic 3D models as digital replicas of real-world
products with ease and efficiency, with the ability to meet the
demand for the 3D models on a global scale. I'm very excited to see
the impact this technology will have on the industry, and look
forward to working with customers to bring their 3D models to
life".
Reference images often
contain small patches of patterns and textures, making it difficult
for artists to recreate them in a high-quality manner. However,
Nextech's generative AI-powered technology is a breakthrough in
texture expansion, allowing for the first time for real-time,
interactive texture expansion. The technology was able to expand a
250x191 pixel patch more than 160 times into a 4K image in just
40.5 seconds.
In comparison,
state-of-the-art texture expansion solutions in the literature
either do not create high-quality expanded textures or take hours
to run for such high-resolution outputs. Our technology shows over
720-fold improvement in speed, the state-of-the-art (in quality)
texture expansion method took more than 29836 seconds (more than 8
hours) to run with no visible change in quality.
Traditionally, recreating
textures for 3D models has been a time-consuming task for artists,
involving hours of work in photoshop and other tools. Physics-based
rendering (PBR) is the standard representation of a material in 3D
modeling, and it consists of several maps, including a texture map,
which is the main image representing the color and patterns of the
material. Other maps, such as metallic and roughness, define how
light interacts with a material and give it its finished
look.
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:
Investor Relations
Contact
Lindsay Betts
investor.relations@Nextechar.com
866-ARITIZE (274-8493)
Ext 7201
Nextech AR
Solutions Corp.
Evan
Gappelberg
CEO and
Director
866-ARITIZE
(274-8493)
About
Nextech AR
Nextech AR Solutions
(OTCQX:
NEXCF) (CSE:
NTAR) (FSE: EP2) is a diversified augmented reality, AI
technology company that leverages proprietary artificial
intelligence (AI) to create 3D experiences for the metaverse. Its
main businesses are creating 3D WebAR photorealistic models for the
Prime Ecommerce Marketplace as well as many other online retailers.
The Company develops or acquires what it believes are disruptive
technologies and once commercialized, spins them out as stand-alone
public Companies issuing a stock dividend to shareholders while
retaining a significant ownership stake in the public
spin-out.
On October 26, 2022
Nextech AR spun out its spatial computing platform, "ARway" as a
stand alone public Company. Nextech AR retained a control ownership
in ARway Corp. with 13 million shares, or a 50% stake, and
distributed 4 million shares to Nextech AR Shareholders. ARway is
currently listed on the Canadian Securities Exchange (CSE:ARWY), in
USA on the (OTC: ARWYF) and Internationally on the Frankfurt Stock
Exchange (FSE: E65). ARway Corp. is disrupting the augmented
reality wayfinding market with a no-code, no beacon spatial
computing platform enabled by visual marker tracking.
On December 14, 2022
Nextech AR announced its second spinout of Toggle3D, an AI-powered
3D design studio to compete with Adobe. Toggle3D is expected to be
public in the first half of 2023.
To learn more about
ARway, visit
https://www.arway.ai/
Forward-looking
Statements
The CSE
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" or variations of
such words and phrases or statements that certain actions, events
or results "will" occur. Forward-looking statements regarding the
completion of the transaction are subject to known and unknown
risks, uncertainties and other factors. There can be no assurance
that such statements will prove to be accurate, as 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.