on Nextech3D.ai (isin : CA65345C1005)
Nextech3D.ai Announces Sale of Map Dynamics to ARway.ai
Nextech3D.ai, a leader in generative AI-powered 3D modeling technology for major e-commerce platforms, announced the closure of its Map Dynamics sale to ARway.ai. This strategic move aims to focus on Nextech3D.ai's patented high-margin AI-driven 3D modeling technology.
The company sold Map Dynamics, a non-core floor plan mapping software, for $1.2 million in stock, equivalent to 4 million ARway shares. This divestiture allows Nextech3D.ai to streamline operations and concentrate on its profitable 3D modeling technology.
The transaction benefits ARway by adding approximately $1.2 million in revenue and $500,000 in free cash flow, strengthening its spatial mapping business. Nextech3D.ai's strategic pivot underscores its commitment to advancing digital commerce through innovative 3D technology.
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