Nextech AR Solutions Corp. (“Nextech” or the “Company”) (OTCQB: NEXCF) (NEO: NTAR) (CSE: NTAR) (FSE: N29), a diversified leading provider of augmented reality (“AR”) experience technologies and services, is pleased to announce that it has been awarded a multi-year agreement with a European-based, multinational company working in the energy and automation space with over 100,000 employees in over 100 countries. This new customer has been named one of Fortune’s World’s Most Admired Companies over consecutive years.
The agreement allows for multiple, defined scopes of work over an initial 2-year period utilizing the Company’s solutions for large enterprise clients. Nextech has recently received an order worth approximately CA$340,000 to design and deliver a live broadcast, global summit across several countries, concurrently, for the purposes of client engagement, education and training. The summit will utilize Nextech’s proprietary LiveX platform and includes technical, multiple-language support, broadcast services, on-demand access, analytics and software licensing. Project planning is underway with the global summit to be conducted in the 4th quarter of 2021.
“The onboarding of another Tier 1 customer is a true testament to our sales team and the solutions we offer global enterprises,” commented Evan Gappelberg, Founder and CEO of Nextech. “For us, partnerships like this are just the tip of the iceberg. Our menu of offerings allows us to land and then expand into these large organizations who recognize the value of partnering with a seasoned and trusted provider focused on customer success. Furthermore, these new partnerships provide us with a form of recurring revenue as new scopes of work are collaboratively identified, defined and delivered in the future.”
Solutions for Enterprise
Nextech AR Solutions provides enterprise organizations with strategic solutions designed to help organizations with digital acceleration. Organizations looking for digital and hybrid strategies for learning, shopping and community engagement are benefiting from Nextech’s deep expertise and technology platform which utilizes Augmented Reality, Artificial Intelligence, Video Streaming, Cloud and 5G. We are reshaping with Enterprise clients the digital and immersive future for retail and ecommerce, higher education, entertainment and hybrid events.
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