Nextech3D.AI signs LOI to acquire AR try-on technology from Designhubz

Nextech3D.AI announced the acquisition of augmented reality try-on technology from Designhubz in a all stock deal fo 500,000 shares at a deemed price of .10/share. Designhubz is renowned for its All-in-One Solution that creates, collaborates, and shares immersive eCommerce experiences, allowing online shoppers to virtually try products before they buy. With the addition of Designhubz’s technology, Nextech3D.ai is set to deliver immersive experiences, setting a new standard in the world of digital commerce. Nextech3D.ai CEO Evan Gappelberg commented, “We are excited about adding this technology into our Nextech3D.ai platform which is already quite robust. However with this acquisition I believe we have completed our goal of becoming the end-end one stop shop for ecommerce retailers and have dramatically expanded our market into the wearables AR 3D growth segments. He continues “We have been investing heavily in our technology over the past five years which is evidenced by our portfolio of five patents for 2D-3D technology as well as sour recognition from Amazon as their external 3D model supplier. We are continuously looking to strengthen our position in the market and platform in 3D and AR technologies and this acquisition complements our existing tech perfectly.”