Artificial Intelligence
NexTech AR Provides Update on Acquisition of Work From Home (WFH) Virtual Events Webcasting Software Company Jolokia
NEW YORK and TORONTO, April 23, 2020 (GLOBE NEWSWIRE) — NexTech AR Solutions (NexTech) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), the leader in augmented reality for eCommerce and AR learning applications, is pleased to update its shareholders on its binding LOI announced March 16th 2020 to acquire remote video training, live streaming software company Jolokia; whose customers include, Johnson & Johnson, Viacom, Toyota, CBS, Polycom and others. The Jolokia platform generated $1mill USD in SaaS revenue for 2019.
NexTech has been working with Jolokia on new business use cases and created the “InfernoAR” new product page on the NexTech website seen here: DEMOThe company is currently finalizing the Share Purchase Agreement (SPA) and is now expecting a closing to occur in April.The company is also finalizing its Q1 2020 and expects to release Q1 numbers and have its first live dial-in conference call to discuss the numbers in the next few weeks.With corporate meetings and events going virtual through online collaboration and web conferencing tools, NexTech has developed a method to seamlessly integrate 3D photo realistic holograms of people and products to these virtual events through its ARitize App. Whether you need to host a full-featured conference, a keynote for a major product announcement, a virtual booth to welcome your partners, investors, and advocates, or remote training sessions, NexTech is able to help you reach the heart of your audience, with our unique AR touch. Try our demonstration video – DEMO AR IN VIDEO LEARNINGPete Mastin, CEO of Jolokia comments, “With the integration of NexTech’s augmented reality holograms, our Inferno platform is well positioned as the world’s most advanced Video Learning Experience Platform (LXP). Combining live broadcasting with Interactive Video, Artificial Intelligence and Holograms, corporations are now able to rapidly deliver immersive, engaging learning experiences anywhere”. He continues, “We are very excited to merge with NexTech AR as we believe the combination of our Inferno Platform with NexTech’s formidable tech stack will create a new generation of Learning & Development products that will gamify the learning experience in a way that has not been seen before.”Evan Gappelberg, CEO of NexTech commented, “On January 28th we announced that we started working with the team at Jolokia to integrate our AR into their Video Learning Experience Platform. The NexTech team quickly cracked the code on the integration of our AR into their platform, creating an enormous opportunity for both companies”. Gappelberg continues, “Imagine watching a training video, going to a virtual conference or webinar and being able to take what you are seeing on screen and put it in the room with you as a 3D/AR experience. Having AR seamlessly work in video training, virtual conferences or webinars provides us with competitive differentiation and a very timely addition to our AR omni-channel offerings. With the spread of the Coronavirus all governments, Learning Institutions and Corporations are forcing a huge paradigm shift in society to remote work, and training and learning remotely creating massive new demand which should lead to explosive adoption for this platform. We expect to see a big upside in this deal for NexTech shareholders”.With the Global Coronavirus pandemic disrupting all large gatherings, demand for remote training is surging which will undoubtedly drive awareness and adoption of the company’s video conferencing, live streaming and remote training platform with integrated AR features. Many global companies including Google, Microsoft, Twitter, Hitachi, Apple, Amazon, Chevron, Salesforce and Spotify have all rolled out mandatory work-from-home policies amid the spread of COVID-19. The fast-spreading COVID-19 has increased demand for Jolokia’s software as schools close, conferences and business and leisure travel are all cancelled and more employees work from home. The work-from-home trend had already started with ZOOM’s (ZM) popularity before the Coronavirus. Now that the Coronavirus has emerged, demand has surged which should drive demand for the merged company’s remote-work AR tools which include: AR-virtual conferences, AR-live streaming, AR-webcasting, and AR-remote training.Recent Company News in 2020:NexTech Reports Record Breaking Revenue and Gross Profit for March. Both revenue and gross profit surged in March and is continuing to surge in April. Notably, the company achieved $1,000,000 in booked revenue last month and the highest revenue ever achieved in a single month, which represents a 270% increase in revenue year over year.
The ARitize360 “early Access” app launched in March. The app, once launched, will be a boost to the revenue-generating power of the existing AR eCommerce solution and recently launched 3D/AR advertising platform.
The company achieved $800,000 in revenue for the month of January 2020 and gross profits of $528,000 representing a 66% gross profit versus a 59% gross profit last month. This is the highest revenue achieved in a single month for NexTech, which represents a 110% increase in revenue and 172% increase in gross profits year over year.
For the month of February of $685,000 and gross profit margin of 66% or $450,000 representing a 184% increase in revenue and 271% increase in gross profits year over year.
The company received an additional 2020 order from Walther Arms, most famous as the manufacturer of James Bond’s Walther PPK.
The company has launched a major enhancement by expanding the platform to serve Apple’s .USDZ files alongside the default format GLTF.
The company announced a new partnership with Poplar (www.poplar.studio) that will allow Poplar to leverage NexTech AR’s cutting-edge WebAR technology, and NexTech AR to make use of Poplar’s brand new AR campaign creation platform.About NexTech AR Solutions Corp.NexTech is one of the leaders in the rapidly growing AR industry, estimated to hit $120 billion by 2022, according to Statista. NexTech, the first publicly traded “pure-play” AR company, began trading on the CSE on October 31st, 2018. NexTech has a two-pronged strategy for rapid growth including growth through acquisition of eCommerce businesses and growth of its omni-channel AR SaaS platform called ARitize™.The company is pursuing four multi-billion-dollar verticals in AR.ARitize™ For eCommerce; The company launched its technologically advanced webAR for eCommerce early in 2019 and has been rapidly signing up customers onto its SaaS platform. Customers include Walther Arms, Wright Brothers, Mr. Steak, and Budweiser. NexTech has the first ‘full funnel’ end-to-end eCommerce solution for the AR industry including its 3D product capture, 3D ads for Facebook and Google, ‘Try it on’ technology for online apparel, 3D and 360-degree product views, and ‘one click buy’.ARitize™ University; having launched in June 2019, the app-based solution allows companies and educational establishments to leverage all of their existing 2D assets – YouTube videos, PDF documents, PowerPoint decks, images, etc. – and then overlay immersive 3D-AR experiences on top of that content for an interactive training experience that drives productivity.ARitize™ Hollywood Studios; the studio has created a proprietary entertainment venue for which it is producing immersive content using 360 video, and augmented reality as the primary display platform.ARitize™ 3D-AR-360 Advertising Platform: launched in Q1 2020 the ad platform will be the industry’s first end-to-end solution whereby the company will leverage its 3D asset creation into 3D, 360, AR ads. In 2019, according to IDC, global advertising spend will be about $725 billion.To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn, and Facebook, or visit our website: https://www.nextechar.com.On behalf of the Board of NexTech AR Solutions Corp.
“Evan Gappelberg”
CEO and DirectorFor further information, please contact:Evan Gappelberg
Chief Executive Officer
[email protected] 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”, “looking forward” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements regarding the Company increasing investors awareness are based on the Company’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of NexTech to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including capital expenditures and other costs. There can be no assurance that such statements will prove to be accurate, as actual results and 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.
Artificial Intelligence
HUAWEI Innovative Product Launch Unveils Next-Gen Wearables Experience and Seamless Productivity with Tablets
BARCELONA, Spain, Sept. 20, 2024 /PRNewswire/ — On September 19, at the HUAWEI Innovative Product Launch event in Barcelona, Spain, Huawei Consumer Business Group (CBG) unveiled several highly anticipated products, with ‘Fashion Forward’ approach for wearables, including the HUAWEI WATCH GT 5 Series, HUAWEI WATCH D2 and HUAWEI WATCH Ultimate Green. The launch also announced the popular HUAWEI MatePad Pro 12.2-inch and HUAWEI MatePad 12 X tablets, together delivering a new generation of wearable experiences, and upgraded technologies for enhanced productivity and seamless connectivity with brand new tablets.
HUAWEI WATCH GT 5 Series: Leading the Fashion Edge
HUAWEI WATCH GT 5 Series is among the first Huawei smartwatches to introduce the HUAWEI TruSense System, an integrated health and fitness tracking feature that comes with an upgraded sensor and improved algorithms – producing results that are faster, more accurate, and more comprehensive.
Featuring the distinct Sharp-Edged Design and available in a total of 12 different models and in Pro or Standard edition, HUAWEI WATCH GT 5 series is design to lead the Fashion Edge, with the Pro edition made with aerospace grade titanium alloy and nanocrystal ceramic, bringing higher levels of durability.
With the HUAWEI TruSense System, it enables Huawei’s brand new Emotional Wellbeing Assistant, achieving an upgrade in health management to include not just physiological but also psychological management.
The new smartwatch brings new Pro-Level sports features. For golfers and divers, HUAWEI WATCH GT 5 Pro brings Golf Course mode with the inclusion of over 15,000 global golf courses maps as well as Free Diving mode, offering a more comprehensive on-wrist tracker for their sports activities. HUAWEI WATCH GT 5 Pro also comes professional features for Trail Run, such as support for segmentation navigation function, as well as a 10-metre contour map.
The smartwatch offers exceptional battery life, with up to 14 days of usage on the HUAWEI WATCH GT 5 46mm and GT 5 Pro 46mm, and up to 7 days on the HUAWEI WATCH GT 5 41mm and GT 5 Pro 42mm.
HUAWEI Wearable Product Ambassadors: Pamela Reif and Sir Mo Farah
HUAWEI Wearable Product Ambassadors Sir Mo Farah and Pamela Reif made an appearance, with Sir Mo Farah sharing his expertise on running and advanced sports techniques, while Pamela Reif focused on watch design and app courses, showcasing the ‘Light Up Your Rings’ experience.
Pamela Reif expressed her admiration for the new watch stating: “The HUAWEI Watch GT 5 Pro is more than a smartwatch; it’s a style icon that really gives me a Fashion Edge. In addition, Huawei has made some really impressive enhancements to the activity tracking. Join me and Light Up Your Rings every day!”
Sir Mo Farah echoed the sentiment, adding: ” As a runner I care about small details to give me a competitive edge; the enhanced Sunflower GNSS is an absolute gamechanger, while the all new Running Form analysis feature can give any runner insights into how to shave seconds off their personal best.”
HUAWEI WATCH D2: World’s First Smartwatch with Ambulatory Blood Pressure Monitoring Certified by NMPA and MDR
The launch of the HUAWEI WATCH D2 introduced a ground-breaking innovation as world’s first wrist-based, ambulatory blood pressure monitoring (ABPM) device to be certified by NMPA and MDR. This marks a significant step forward in wearable technology, embodying Huawei’s commitment to “Health Forward”.
The watch delivers 24-hour accurate blood pressure measurement, and features the HUAWEI TruSense System for faster and more accurate results.
In terms of blood pressure technology, Huawei already innovated for over nine years, having a long-term partnership with global hypertension experts, including Professor George S. Stergiou, President Elect International Society of Hypertension, and Professor Wang Jiguang, President of the Chinese Hypertension League and so on.
The HUAWEI WATCH D2 features a light and slim design, incorporating an ultra-narrow mechanical airbag and a 1.82-inch large screen. It is only about 1/5 the width and 1/25 the volume of traditional upper-arm electronic blood pressure monitors, making it easy to take blood pressure measurements no matter where you are.
In addition, with a single tap, users can measure up to 9 body indicators and generate a Health Glance report.
HUAWEI WATCH Ultimate green edition: Explore Without Limits
An update to last year’s release, HUAWEI WATCH Ultimate introduces the new Advanced Golf Course Features and the enhanced Expedition Mode, along with a new green edition that combines paradigm-shifting technologies and cutting-edge craftsmanship, embodying the “Adventure Forward” spirit and built for the adventurous at heart.
The new green edition brings an exclusive dual-colour nano-tech ceramic bezel, which requires a more complex manufacturing process to deliver a beautiful white-green colour duo to match the aesthetics.
The all-new advanced Golf Course Mode offers precise analytics and insights for enthusiasts, plays-like distance, shot distance, AI Caddie, and more. As long as a new expedition Route Import feature that integrates with the HUAWEI Health app, allowing users to import routes.
Huawei is dedicated to helping consumers cultivate healthy lifestyle and exercise habits through the global continuation of the “Light Up Your Rings” campaign. By leveraging the Activity Rings and Medal Rewards system, the campaign offers an engaging experience that helps individuals to live a healthier life.
In addition, Huawei’s wearables are always designed to be available for both Android and iOS smartphones, to make its latest health technology innovations and sports tracking features accessible to an even wider audience.
HUAWEI MatePad Pro 12.2-inch: Creation of Beauty
The newest flagship tablet, the HUAWEI MatePad Pro 12.2-inch, is designed to deliver the ultimate user experience focused on creativity and productivity.
Equipped with an innovative Tandem OLED PaperMatte Display, HUAWEI MatePad Pro 12.2-inch delivers an impressive maximum brightness of 2000nits for an authentic viewing experience. Advanced anti-sparkle and nanoscale anti-glare etching technologies ensure a premium, paper-like visual experience.
It comes with the HUAWEI Glide Keyboard, featuring a 2-in-1 stylus and keyboard storage and charging design.
To inspire creativity, the tablet’s GoPaint App offers a wide range of digital creation tools, including the ground-breaking Splatter brushes and Fluid brushes. The FangTian Painting Engine 2.0 supports 8K ultra-large canvas, providing professional-grade tools for artistic expression.
HUAWEI MatePad 12 X: Style Meets Creativity and Productivity
HUAWEI MatePad 12 X is a lightweight flagship model, designed for the younger generation. It boosts productivity, allowing trendsetting users to pursue their dreams while delivering an enjoyable experience.
The new tablet innovate Shimmery Pearlescent Sheen, resulting in a metallic white with colour-changing effects based on lighting. The all-metal device body with integrated seamless design making it stylish and durable.
HUAWEI MatePad 12 X PaperMatte Edition features an Ultra-bright PaperMatte Display, offering superior quality in viewing, writing, and touch, making it ideal for reading and creative work.
On September 19, 2024, Huawei officially launched the GoPaint Worldwide Creating Activity themed “Creative By Nature”. From the kickoff day to December 31, 2024, painting enthusiasts around the world can share their unique digital art works on HUAWEI Community platform.
HUAWEI Reaffirms Commitment to Innovation, Fashion, and Creativity
Alex Huang, Chief Marketing Officer of Huawei Consumer BG, emphasises the brand’s global impact and commitment to innovation. Highlighting Huawei’s commitment to blend cutting-edge technology, fashion, and creativity, into the products, seamlessly integrating them into consumers’ daily lives, the brand continues to inspire consumers through campaigns such as Light Up Your Rings initiative and GoPaint Worldwide Creating Activity.
“We aim to bring innovative products that offer consumers a unique blend of fashion and creativity,” said Alex. “By inspiring our users, Huawei strives to create a more connected and heartwarming world where technology enhances daily living and brings people closer together.”
For more information on the price and availability, please visit: https://consumer.huawei.com/en/wearables/ https://consumer.huawei.com/en/tablets/?ic_medium=hwdc&ic_source=corp_header_consumer
Photo – https://mma.prnewswire.com/media/2510573/HUAWEI_WATCH_GT_5_Series_Leading_Fashion_Edge.jpgPhoto – https://mma.prnewswire.com/media/2510574/HUAWEI_WATCH_D2_World_s_First_Smartwatch_Ambulatory_Blood_Pressure_Monitoring.jpgPhoto – https://mma.prnewswire.com/media/2510575/HUAWEI_MatePad_Pro_12_2_inch_Creation_Beauty.jpgPhoto – https://mma.prnewswire.com/media/2510576/HUAWEI_Reaffirms_Commitment_Innovation_Fashion_Creativity.jpg
View original content:https://www.prnewswire.co.uk/news-releases/huawei-innovative-product-launch-unveils-next-gen-wearables-experience-and-seamless-productivity-with-tablets-302254040.html
Artificial Intelligence
INGEEK Recognized in 2024 Gartner Market Guide for Fleet Telematics and 2024 China Hype Cycle for Security
SHANGHAI, Sept. 20, 2024 /PRNewswire/ — INGEEK, a leading provider of innovative intelligent connected vehicle (ICV) technologies, and its Intelligent Connected System (ICS) and Automotive Digital Key have been featured in Gartner’s Market Guide for Fleet Telematics. This recognition highlights INGEEK’s capability to boost efficiency, ensure safety, and enable sustainability in fleet operations and management.
Revolutionizing Fleet Management with INGEEK ICS/Digital KeyINGEEK’s digital key solution establishes connection between the people and vehicle by digitalizing conventional car key into digital twin, which seamlessly integrates with the broader mobility ecosystem and diverse business scenarios.
Business Process Automation with online key sharing, such as contactless pick-up and return.Digital Key Management simplifies key management, reduces administrative overhead, and mitigates the risk of lost or stolen keys.Data Tracking provides insights to fleet performance and health.Enhanced Driver Satisfaction: Convenient features such as proximity lock/unlock provide a seamless driving experience.Securing Connected Vehicles with INGEEK’s Trust Center for AutomotivePreviously, AUGUST 6, INGEEK’s Trust Center was featured in Gartner’s Hype Cycle for Security’s IoT Authentication technology segment. With IoT connections in China projected to reach 8 billion by 2025, robust IoT authentication is critical to protect connected car business-use cases such as V2X communications, OTA, and Digital Key. The Trust Center leverages PKI to ensure top-tier security.
Remarks from Leadership”We’re proud to be recognized by Gartner, which is the global authority in providing industry technology advisory and insights to executives,” stated Steven Shan, CEO of INGEEK. “Our intelligent vehicle solutions prompt the next wave of smart mobility transformations, and this inclusion is a signal to how OEMs and automotive players are leveraging advanced digitalization technologies to connect the people and vehicle together.”
“Our Trust Center offers robust and scalable authentication mechanisms to safeguard connected vehicles against security threats,” added Feng Li, INGEEK’s Head of Cybersecurity BU.
“Gartner’s Market Guide coincides with our vision for a more connected, secure, and efficient mobility market,” continued William Yuan, Director of Strategy at INGEEK. “Our solutions are not just about technological advancements; they are strategic initiatives aimed at optimizing operations, reducing costs, and ultimately helping fleet operators to expand their mobility business offerings.”
For more information about INGEEK and its solutions, please visit www.ingeek.com Media Contact: Ms. Fang at [email protected] Germany Contact: Professor Sachs at [email protected] AP/EMEA Contact: Mr. Yuan at [email protected]
Photo – https://mma.prnewswire.com/media/2509446/20240919104010.jpg
View original content:https://www.prnewswire.co.uk/news-releases/ingeek-recognized-in-2024-gartner-market-guide-for-fleet-telematics-and-2024-china-hype-cycle-for-security-302253355.html
Artificial Intelligence
Flat Ads Makes Its Mark at DMEXCO 2024: Showcasing Strength in Programmatic Advertising
COLOGNE, Germany, Sept. 20, 2024 /PRNewswire/ — In September, Flat Ads makes its mark at DMEXCO 2024, the prestigious European event of digital marketing and technology. The highly successful exhibition boasts 650 exhibitors, 850 speakers, and thousands of participants. At the event, Flat Ads showcased the strength of programmatic advertising platform in ad delivery, traffic optimization, and brand safety.
Flat Ads programmatic advertising platform has an exclusive developer traffic of 700 million and an extensive network spanning over 200 countries and regions worldwide. It cooperates with over 200 leading DSP/SSP partners, including FreeWheel, PubMatic and Criteo, leveraging an efficient and complete bidding system, as well as automatic delivery algorithms, to achieve precise marketing and advertising effectiveness maximization.
With its exclusive platform strategy algorithm, Flat Ads programmatic advertising platform can continuously conduct automatic exploration and matching based on the characteristics of DSP and traffic, optimize and adjust the algorithm model in real-time. This not only ensures the sustainability of DSP budgets, but also maximizes traffic utilization and enhances monetization revenue of advertisements.
Moreover, brand protection is among the top priorities of Flat Ads. In addition to accessing to authority agency Pixalate to test the effectiveness of ads, it has also accessed HUMAN, the global cybersecurity authority to safeguard its clients by preventing bot attacks, digital fraud and abuse, ensuring a stable, reliable, and secure programmatic advertising transaction platform.
By participating in DMEXCO 2024, Flat Ads showcased its outstanding strength and fruitful achievements in the programmatic advertising field, attracting the attention of numerous advertisers and developers for cooperation. Flat Ads boasts not only robust technical capabilities and innovative prowess, but also an active and open attitude towards emerging technologies, embracing and exploring them. It remains committed to providing more professional and efficient global marketing services to advertisers and developers worldwide, helping clients stand out in the fiercely competitive market and achieve business growth.
As a globally leading mobile advertising marketing platform, Flat Ads currently operates offices in Singapore, Indonesia, Hong Kong, and Guangzhou, serving over 1000 clients with global marketing solutions. If you’re interested in Flat Ads’ programmatic advertising services, please visit www.flat-ads.com.
View original content:https://www.prnewswire.co.uk/news-releases/flat-ads-makes-its-mark-at-dmexco-2024-showcasing-strength-in-programmatic-advertising-302253872.html
-
Artificial Intelligence4 days agoDATAMARK Technologies Applauded by Frost & Sullivan for Advancing Location Determination Capabilities and Data Accuracy with Its Improved GIS and Indoor Mapping Solution
-
Uncategorized7 days agoSUBBD and Luna PR Join Forces to Shape the Future of AI-Powered Content Creation
-
Artificial Intelligence7 days agoGlobal AI Summit 2024 continued to transform data and AI landscape on final day
-
Artificial Intelligence7 days ago
Sinch calls for early redemption of outstanding bonds 2019/2024
-
Artificial Intelligence4 days agoLab Automation Market to Reach $11.31 Billion by 2031, Driven by Rising Pharmaceutical & Biotech R&D Expenditures and Increasing Demand for Automated Laboratories and Instruments – Report by Meticulous Research®
-
Artificial Intelligence7 days agoIT Operations Analytics (ITOA) Market worth $127.4 billion by 2029- Exclusive Report by MarketsandMarkets™
-
Artificial Intelligence7 days agoTelecommunications and BFSI Customer Engagement Solutions Market to Reach $16.1 billion, Globally, by 2032 at 8.7% CAGR: Allied Market Research
-
Artificial Intelligence7 days agoSeaBubbles Accelerates Sustainable Maritime Mobility with SmartBubble and Strategic Acquisition
