NEXTECH3D.AI ANNOUNCES FORMATION OF AI INCUBATOR AND AI ACQUISITION & DEVELOPMENT DIVISION WITH POTENTIAL 2024 IPO SPIN OUT

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NEXTECH3D.AI ANNOUNCES FORMATION OF AI INCUBATOR AND AI ACQUISITION & DEVELOPMENT DIVISION WITH POTENTIAL 2024 IPO SPIN OUT

TORONTO, ON, Canada – March 12, 2024 - Nextech3D.AI (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS), a Generative AI-Powered 3D model supplier for Amazon, P&G, Kohls and other major e-commerce retailers announces the launch of its new AI Incubator and AI Development Division, signaling a significant leap forward in its commitment to advancing artificial intelligence technologies. This new venture, set to be spearheaded by a dynamic team of three esteemed AI scientists alongside the visionary leadership of Evan Gappelberg, CEO of Nextech3D.ai, and Hareesh Achi, former Microsoft executive renowned for his pivotal role in digital transformation and technology strategy. This new division marks a major milestone in Nextech3D.ai's growth trajectory and sets the stage for additional potential IPO spin- outs of new AI technology Companies to its shareholders.


The AI Incubator and Development Division is established with the mission to nurture AI solutions that will enhance the human experience across various sectors, including education, healthcare, ecommerce, blockchain, retail, and more. This initiative is a testament to Nextech3D.ai's dedication to pushing the boundaries of what's possible in AI and 3D technology integration for its shareholders.


Evan Gappelberg, celebrated for his foresight and innovation in the tech arena, will provide strategic direction and vision for the division. His leadership has already positioned Nextech3D.ai and its two spin outs Toggle3D.ai and ARway.ai as frontrunners in the 3D technology landscape.

Joining him in steering this ambitious project is Hareesh Achi, an ex-Microsoft and META executive whose expertise in AI, digital advertising, and operational efficiency has earned him acclaim in the technology community. Achi's proven track record of leading high-impact teams and his strategic vision for AI applications make him an invaluable asset to the Nextech3D.ai leadership team.

The division's core team of AI scientists, handpicked for their pioneering work and contributions to the field of artificial intelligence, will focus on developing AI-driven technologies and solutions that are not only innovative but also ethically responsible and sustainable.

Katyani Singh, Computer Vision/Machine Learning Scientist who obtained her Masters in Computing Science at the University of Alberta. Her research interests lie in Computer Vision and Deep Learning. Amir Salimnia, Computer Vision/Machine Learning Scientist, who is an MSc. Computer Engineering graduate from Western University with more than three years of experience developing machine learning.

Omid Alemi, Machine Learning Researcher and Software Engineer, who holds an MSc in Computer Science from the University of Northern British Columbia and a BSc in Software Engineering from the University of Arak and has 3+ years experience working on developing and deploying machine learning solutions for computer vision and 3D asset creation.

This core team of AI scientists will conduct research and development efforts geared towards creating AI tools and applications that empower businesses and consumers alike, fostering a future where technology and humanity intersect seamlessly.



New Path to Innovation and Growth
In a groundbreaking move, Nextech3D.ai has announced that once the AI technologies incubated within the AI Incubator and Development Division reach commercialization, they will be spun out as new public companies as it has done this twice already with Toggle3D.ai and ARway.ai. This strategic approach not only accelerates the path to market for these innovative solutions but also maximizes value for Nextech3D.ai shareholders. Following the successful precedents set by Arway.ai and Toggle3d.ai, shareholders in Nextech3D.ai will receive a stock dividend in these new entities, underscoring Nextech3D.ai's commitment to rewarding its investors and fostering a vibrant ecosystem of technology ventures.


CEO Evan Gappelberg stated, “We are at the cusp of a new era in AI and 3D technology. With the launch of our AI Incubator and Development Division, and our unique approach to commercialization and value creation."


Hareesh Achi added, "It's an honor to join forces with Evan and the incredible team at Nextech3D.ai. Together, we're not just exploring the potential of AI; we're shaping its future, ensuring that the technologies we develop are used to make a meaningful difference in the world. The opportunity to directly reward our shareholders as we grow and spin out these innovations into new public companies is incredibly exciting."

The AI Incubator and Development Division is now actively working on several projects, investing heavily into the future of AI while also looking at possible acquisitions with more innovative solutions and updates expected to be unveiled in the coming months.

LATEST NEXTECH3D.AI NEWS


Nextech3D.ai Establishes New Business Unit Led by Former META Executive, Targeting Jewelry Industry with GPT AI CAD-3D Models, Blockchain Technology, and NFTs
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Nextech3D.ai Launches Next Era of GPT AI 3D Solutions Led by Former Microsoft Executive
Nextech3D.ai Lands $1.8 Million 3D Modeling Deal with NASDAQ 100 Technology Company
Nextech3D.ai Reports $5 Million in 2023 Revenue, Growth Up +56% Preliminary Unaudited Results
Nextech3D.ai’s Breakthrough AI Powered Search Engine Able to Deliver a 500% Increase in Productivity

TOGGLE3D.AI LAUNCHES SUITE OF GPT AI 3D SOLUTIONS LED BY FORMER MICROSOFT EXECUTIVE, IN PARTNERSHIP WITH NEXTECH3D.AI

Toronto, ON, Canada - February 16, 2024 - Toggle3D.ai (the "Company") (CSE:TGGL) (OTC:TGGLF (FSE:Q0C), a revolutionary AI solution harnessing the power of generative AI to convert CAD files, apply stunning 4K texturing, and seamlessly publish superior 4K 3D models is pleased to announce it is launching the next era of GPT AI 3D product solutions of proprietary Artificial Intelligence (AI) algorithms. The initiative will be led by former Microsoft Executive Hareesh Achi, who is the current Head of Product Operations for Toggle3D.ai and Nextech3D.ai.

This news follows yesterday’s press release by parent Company Nextech3D.ai, who announced it is launching the next era of GPT AI 3D product solutions of proprietary Artificial Intelligence (AI) algorithms. A large portion of the GPT’s and groundbreaking AI-powered algorithms mentioned in Nextech3D.ai’s press release live within the Toggle3D platform, which the Company is currently using to assist in scaling the production of 3D models.

Executive leadership for both Company’s firmly believe that the AI opportunity is in the early stages. The shift from 2D to 3D modeling for e-commerce is a major multi-decade transformation that is being led by AI. This transformation is evident as major brands and companies are incorporating 3D models and AR shopping, including Amazon, Walmart, CB2, IKEA, Sephora, Target and more.

The initial suite includes the following GPT's:

GPT 2D image search engine for 3D models that delivers 3D meshes based on 2D images.

GPT text based 3D search engine that takes text prompts to provide a 3D mesh based on description. Watch a video demo of the 3D search engine

GPT that detects walls/floors in a 2D image in our proprietary decorator tool. This allows changing the color of your room's walls/floors.

GPT that can read a selected portion of a 3D rendering and erase it (Magic Eraser)

Watch a video showcasing the proprietary decorator tool and magic eraser

GPT Generating textures and PBR materials from text prompts Watch a video demo of generating textures from text prompts

GPT Generating PBR maps from texture/color images

GPT Texture expansion: expanding a small patch of structured textures into larger, high-resolution textures.

GPT Texture generation form patches: Generating a texture from a small patch for unstructured textures (woods, marbles, etc) Watch a video demo of the texture generation from patches

GPT Generative Rendering: Generating alternative renderings/photos from textured and untextured 3D models using text prompts - a tool for ideating alternative designs.

GPT models are designed with user accessibility in mind, allowing for their development without requiring coding expertise. They offer versatility for personal, exclusive business, or general public use. Setting them up is straightforward, using easy-to-understand conversational prompts to convey commands and information, and to choose features like internet searches, image creation, or data analysis.

The initiative is being led by Head of Product Operations for Toggle3D.ai and Nextech3D.ai. Hareesh Achi boasts over ten years of experience at leading technology giants Microsoft and Meta, showcasing a profound grasp of the tech industry along with a track record of developing efficient, scalable, and profitable tech operations. Most recently, he spearheaded the product data operations for Meta's Reality Labs, driving the growth of scaled operations across the Reality Labs product range. Before this, Achi played a critical role at Microsoft, managing the multi-billion dollar operations of Bing Ads.

The Company plans on generating revenue by offering its collection of GPT technologies to the public through either a paid subscription model or on a per-use basis, tailored to meet the specific needs of individual users. This strategy opens up significant revenue streams for the Company, given the versatility of its GPTs in handling a wide array of tasks across different applications such as 3D modeling, texturing, AI-generated textures, 3D decorating, enhancing image resolution, and more. These technologies meet the needs of various use-cases, catering to professionals like architects, interior designers, 3D modelers, product designers, product prototyping and product variation, and more.

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Toggle3D.ai’s AI Lab Announces Breakthrough With Generative AI Photo Rendering
By Toggle3D on Aug 31, 2023 7:30:00 AM
5 min read

Topics: Augmented Reality CAD to POLY 3D Models Customization 3D/AR Toggle 3D CAD AI 3d product design 3d modeling 3d design technology 3d design software 3d product modeling 3d designer
Toronto, O.N. Canada - August 31, 2023 - Toggle3D.ai (the "Company") (CSE:TGGL) (OTC:TGGLF), a revolutionary SaaS solution harnessing the power of generative AI to convert CAD files, apply stunning 4K texturing, and seamlessly publish superior 4K 3D models, is delighted to announce a breakthrough in its Artificial Intelligence (AI) lab for generative AI photo rendering. This AI tool is expected to drive significant revenue as it is being offered exclusively as part of the Toggle Pro Paid Subscription plan.

With the generative AI photo rendering feature, when users upload a 3D model, regardless of whether it's pre-textured or not, the AI rendering tool can quickly create high-quality 2D images of different texture design ideas for the users’ 3D model. It puts the 3D object in a 2D scene and textures it according to the prompt provided by the user. The purpose of these 2D images is to provide users with a quick way of prototyping and visualizing how their 3D model could look in different textures, styles and materials. This feature is especially useful for industry designers in manufacturing sectors who are prototyping designs for their products, such as furniture, automotive, machinery etc.

Here are some examples:





This feature allows users to experiment with diverse texturing concepts before texturing their 3D model. This is especially useful for large models with a large number of texurable parts.





Toggle3D plans on developing a streamlined process that allows users to texture their models directly from their chosen rendered image.

This tool aligns with Toggle3D's vision of building tools that will help users be more productive in the 3D environment by building 3D workflows that are streamlined and accessible.

Recent Toggle3D.ai News

Toggle3D.ai CEO Evan Gappelberg Buys 15,000 Shares of Company Stock In Open Market Purchases
Toggle3D.ai Approved and Now Trading on the OTCQB Exchange Under the Ticker TGGLF
Toggle3D.ai Integrates With Sketchfab Offering New Unlimited AI-Generated 3D Model Texturing Options & One-Click Account Access


About Toggle3D.ai

Toggle3D.ai (CSE:TGGL) (OTC:TGGLF) 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(s)
Julia Viola, Lindsay Betts
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.


https://toggle3d.com/investors/toggle3d.ais-ai-lab-announces-breakthrough-with-generative-ai-photo-rendering

Toggle3D.ai CEO Evan Gappelberg Buys 15,000 Shares of Company Stock In Open Market Purchases
By Toggle3D on Aug 29, 2023 7:45:00 AM
4 min read

Topics: Toggle 3D Generative AI AI Technology
Toronto, O.N. Canada - August 29, 2023 - Toggle3D.ai (the "Company") (CSE:TGGL) (OTC:TGGLF), a revolutionary SaaS solution harnessing the power of generative AI to convert CAD files, apply stunning 4K texturing, and seamlessly publish superior 4K 3D models, announces that the CEO Evan Gappelberg has purchased 15,000 shares in open market buys on August 24th & 25th with an avg purchase price of $0.54 USD or $0.75 CAD.

Evan Gappelberg CEO of Toggle3D.ai comments “Toggle3D.ai went public in June and hit a high of $4.75 CAD…today however I’m now able to buy at $.45 USD or about $.61 CAD and we have more subscribers. To me, our share price is very low and not reflective of the upside potential that I see with our generative AI texturing platform, which is seeing rapid growth of its user base and early success.” He continues "I'm investing today because I see many years of strong forward growth ahead for our businesses.”
https://toggle3d.com/investors/toggle3d.ai-ceo-evan-gappelberg-buys-15000-shares-of-company-stock-in-open-market-purchases