Toggle3D.ai
Reports 75% Usage Growth in Q4, New Release With AI Search Engine
Integration Set for Q1
Company
Preparing for Re-Launch With a Pay For Use Monetization
Model
Toronto, ON.
Canada -- January 30, 2024 -- InvestorsHub NewsWire
-- Toggle3D.ai
(the "Company") (CSE:TGGL)
(OTC:TGGLF)
(FSE:Q0C), the all in one 3D modeling solution harnessing the power
of generative AI to convert CAD files, apply stunning 4K texturing,
and seamlessly publish superior 4K 3D models, is excited to report
a 75% jump in usage in Q4. The Toggle3D platform currently has
27,192 users, and 26,504 or 97% of the users are active and have
logged in within the last 30 days. The Company is focused on
monetizing these users in Q1 by implementing a $10/pay per use
business model which the Company believes will be more aligned with
the current use cases in the platform.
CEO Evan Gappelberg comments "I'm
pleased to see Toggle usage rate jump 75% in Q4 and continue to see
the usage jump in 2024. It's exciting that we have attracted such a
diverse group of users in a short period which includes designers,
architects, 3D modelers, prototyping and more. I believe Toggle can
quickly become a daily destination platform as it is the easiest to
use all-in-one platform for all 3D modeling needs."
The Company is also excited for
the relaunch of Toggle3D with it's groundbreaking new features
including Nextech3D.ai's
in-house built AI-powered 3D model search
engine. Toggle3D has
users from all over the world including the United States, Canada,
China, Australia, New Zealand, India, Brazil, Argentina, and
more.
Watch a video of CEO Evan
Gappelberg discuss Toggle3D.ai's anticipated relaunch and the AI
powered search engine: click
here to watch
Earlier this month,
Nextech3D.ai unveiled
the AI 3D model search engine. This breakthrough AI search engine
integrates computer vision and artificial intelligence to refine
and quicken the 3D modeling process. By leveraging this proprietary
technology, Nextech3D.ai will streamline and accelerate its
in-house 3D model production operations significantly. In addition,
Nextech3D.ai will integrate the AI search engine within the
Toggle3D platform in Q1, 2024. Through this integration Toggle3D
will provide a rich feature set for product designers, 3D artists
and architects to create 3D from 2D images. In addition to 3D files
you will be able to leverage the Toggle3D platform with just a 2D
image. The monetization model for this feature is going to be a
pay-per-use model which is a huge value add for our
customers. This business model should lead to revenue
growth in 2024. The Company views this as a major advancement in 3D
modeling and could set a new industry benchmark as an indispensable
tool for 3D model factories, 3D artists, and more.
Watch a demo of
the AI-Powered 3D model search engine tool - click here
Functioning through image
analysis, the AI 3D model search engine navigates Nextech's
extensive library database of hundreds of thousands of 3D product
models, parts and components. The search engine presents a closely
matching 3D model "mesh" to the original search image, greatly
reducing the time and labor involved in creating 3D models. In a
brief span, 3D artists can select from various search matches,
taking advantage of the library's vast collection of pre-existing
3D models.
Watch a demo video
of AI-powered 3D model texturing in the Toggle3D platform:
click
here
About Toggle3D.ai
Toggle3D.ai(CSE:TGGL)
(OTC:TGGLF (FSE:Q0C) is a
groundbreaking SaaS solution that utilizes generative AI to convert
CAD files, apply stunning 4K texturing, and enable seamless
publishing of superior 4K 3D models, serving various industries
within the $160 billion CGI market. With its Augmented
Reality-based rapid prototyping web app, Toggle3D empowers
designers, artists, marketers, and eCommerce owners to effortlessly
convert, texture, customize, and publish high-quality 3D models and
experiences, regardless of technical or 3D design
expertise.
Toggle3D.ai
Investor Relations
Visit the Toggle3D
Investor Relations website and sign up for the investor mailing
list to receive the latest news, press releases, investor
presentations, CEO interviews, financial information and
more.
Sign up for the investor mailing
list - click
here
Follow
Toggle3D.ai on Social Media
Youtube: https://www.youtube.com/@Toggle3D
Insta: https://www.instagram.com/toggle3d.ai/
Facebook: https://www.facebook.com/Toggle3D
LinkedIn:
https://www.linkedin.com/company/toggle3d-ai/
Twitter: https://twitter.com/Toggle3Dai
For further information, please
contact:
Investor
Relations Contact
Julia Viola
investor.relations@toggle3D.ai
Toggle3D.ai
Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)
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.
