NexTech AR Solutions (TSE:NTAR) has released an update.
Nextech3D.ai has finalized the sale of its non-core unit, Map Dynamics, to ARway.ai, shifting its focus to its core high-margin, AI-powered 3D modeling technology. The $1.2 million all-stock transaction allows Nextech3D.ai to streamline operations and concentrate on its patented 3D technology, which serves top e-commerce platforms. This strategic move is set to enhance both companies, with Nextech3D.ai sharpening its business focus and ARway.ai bolstering its financial and operational metrics.
For further insights into TSE:NTAR stock, check out TipRanks’ Stock Analysis page.
