Posted on

Nextech AR’s Map D Signs Multiple New Deals As Events Industry Accelerates Shift to Web 3.0

Nextech AR's Map D Signs Multiple New Deals As Events Industry Accelerates Shift to Web 3.0

Article content

  • Sees 70%+ Revenue Growth Rate in 2022
  • Sees Accelerating Sales in New Categories
  • New Web 3.0 Products Expected to Drive Accelerating Sales Growth in Second Half of 2022

TORONTO — Nextech AR Solutions Corp. (“Nextech” or the “Company”) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), a Metaverse Company and leading provider of augmented reality (“AR”) experience technologies and services is pleased to announce the signing of multiple deals in the events industry by the Map D division of Nextech AR for their self-serve event management software solution. The Map D software platform is experiencing an accelerating rate of growth, up 70% when compared to the first 6 months of 2021, and continues to expand rapidly with sales in new categories, combining integrations with Nextech’s Web3.0 technologies. The integration of these Web3.0 technologies is a game changer for the events industry and has led to a transformation of the Map D platform, accelerating its future revenue growth.

Advertisement 2

Article content

Nextech AR CEO Evan Gappelberg commented, “The Map D platform is transforming and shifting toward Web3.0 and seeing accelerating revenue growth with the integration of Nextech AR’s metaverse suite. By integrating Map D with ARitize Maps, ARitize 3D, and ARitize Holograms, we are able to maximize the potential revenue with each of our clients and offer immersive experiences that transform industries, including real estate, museums, sporting venues and more. He continues, “the Map D platform continues to grow, release new features, sign new clients, and generate accelerating revenue. Our aim is to upsell and cross sell Map D’s existing and new blue-chip clients by offering full end-to-end solutions, which provide engaging and immersive experiences that their customers want. The RC Show use case can be replicated for any event, tradeshow, convention or exhibitor hall across any industry, and incorporate 3D product visualizations, human holograms, augmented reality wayfinding, and more to wow guests and increase conversions, brand awareness, and engagement…which continues to drive strong revenue growth.”

The Company is also testing and seeing early success with a massive breakthrough in scaling the creation of spatial maps for events, and especially augmented reality (AR) wayfinding by using Map D technology for its ARitize Maps product. This technology will allow event show organizers to sell AR wayfinding to exhibitors as well as sponsorship opportunities to sponsors creating yet another source of revenue for Nextech.

Map D has fully embraced Nextech AR’s groundbreaking technologies, ARitize Maps, ARitize 3D and ARitize Holograms, providing the potential to take its events and associations clients into the metaverse with the Company’s spatial mapping, 3D modeling and hologram technology.

The new contracts signed by Map D represent accelerating growth opportunities for Nextech with the potential for spatial mapping, 3D models, holograms and more as they provide the Company dozens of additional clients for upsell and cross-sell opportunities. The ARitize Maps product has an unlimited number of use cases for augmenting physical spaces in the Metaverse, including events, conventions, trade shows, real estate, rental properties, sporting events, and more. With value propositions spanning multiple industries and use cases, this app opens Nextech’s 3D/AR technology solutions to new markets and provides a seamless integration with the events and association clients of Map D. For example, Apartment Associations can use Nextech’s ARitize Map’s wayfinding spatial mapping; Home Builders can show a new home completely in the metaverse in Web 3.0, showcasing not just the home itself, but 3D assets such as furniture and home appliances. The use cases are endless.

Advertisement 3

Article content

Map D Business is gaining sales momentum in multiple categories as seen below in the large number of contracts signed with Apartment Associations, Home Builders and many others. See a breakdown of the 2022 signings in each segment below:

Sampling of New Signed With Apartment Associations Including:

  • Apartment Association of Greater Dallas, Apartment Association of Greater Memphis, Apartment Association of Kansas City, Apartment Association of Metro Denver, Apartment Association of Nebraska, Apartment Association of Orange County, Apartment Association of Southern Colorado, Apartment Association of Tarrant County, Atlanta Apartment Association, Bay Area Apartment Association, Chicagoland Apartment Association, Connecticut Apartment Association, Delaware Apartment Association, First Coast Apartment Association, Houston Apartment Association, Indiana Apartment Association, New Jersey Apartment Association, Pennsylvania Apartment Association, San Antonio Apartment Association, Southeast Florida Apartment Association

Sampling of New Signed Contracts Home Builders Associations including:

  • Florida Home Builders Association, Greater Birmingham Association of Home Builders, Greater Peoria HBA, Greenville HBA, HBA of Central New York, HBA of Marion & Polk Counties, HBA of Western Michigan, Hilton Head Area HBA, Home Builders Association of Greater Chattanooga, Huntsville-Madison HBA, Rochester Area Home Builders, Southern Utah Home Builders Association, Upper Cumberland Home Builders Association

Other Notable Contracts Recently Signed:

About Map D

Map D is a self-serve event management software solution. Map D provides clients with an extensive set of features and tools for managing almost any kind of event you can imagine. Whether someone is looking for an easy way to sell floor plan space or services at trade shows, expos, or festivals or to manage speaker and schedule details during conferences or meetings, Map D does it all and updates in real time to make it easier to communicate with event goers. Map D is a tool that makes an event manager’s job easier by automating or crowd sourcing complicated logistics while simplifying the sales processes and adding new revenue opportunities. Most clients spend 2-4 hours on setting up their event in Map D, then the rest is automated so they can sit back and collect sales, or point event participants to a single web address for all the information they may need. Map D also can provide a companion native mobile app which in the future will double as a AR wayfinding app, for in-person events or serve as a self-contained virtual venue for attendees, exhibitors, sponsors, speakers, or anyone else participating in an event.

Advertisement 4

Article content

To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn, and Facebook, or visit our website: https://www.Nextechar.com.

About Nextech AR

Nextech AR Solutions is the engine accelerating the growth of the Metaverse. Using breakthrough AI, Nextech AR is able to quickly, easily and affordably ARitize (transform) vast quantities and varieties of existing assets at scale making products, people and places ready for interactive 3D use, giving creators at every level all the essential tools they need to build out their digital AR vision in the Metaverse. Our platform agnostic tools allow brands, educators, students, manufacturers, creators, and technologists to create immersive, interactive and the most photo-realistic 3D assets and digital environments, compose AR experiences, and publish them omnichannel. With a full suite of end-to-end AR solutions in 3D Commerce, Education, Events, and Industrial Manufacturing, Nextech AR is in a unique position to meet the needs of the world’s biggest brands and all Metaverse contributors.

Nextech funds the development of its AR and Metaverse growth initiatives through its e-Commerce platforms, which currently generate most of its revenue. Nextech’s e-commerce platforms include: vacuumcleanermarket.com (“VCM”), infinitepetlife.com (“IPL”) and Trulyfesupplements.com (“TruLyfe”). VCM and product sales of residential vacuums, supplies and parts, and small home appliances sold on Amazon. These e-commerce platforms serve as an incubator for developing and testing Nextech’s leading edge AR, AI and machine learning applications for powering next-generation e-commerce technology.

Forward-looking Statements

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” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements regarding the completion of the transaction are subject to known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove to be accurate, as 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220628005520/en/

logo

Contacts

Investor Relations
Lindsay Betts
investor.relations@Nextechar.com
866-ARITIZE (274-8493) Ext 7201

#distro

Advertisement

Comments

Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Comments may take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful. We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Visit our Community Guidelines for more information and details on how to adjust your email settings.

Posted on

Queen’s Platinum Jubilee 2022 events: timings and route map for the pageant today

Queen's Platinum Jubilee 2022 events: timings and route map for the pageant today

The pageant will begin at 2.30pm at the Horse Guards Parade, along Whitehall to Admiralty Arch, down The Mall to Buckingham Palace, before returning via Birdcage walk. 

The procession is set to take two and half hours, concluding at around 5pm.

How to watch the pageant

The pageant is free and open to the public, meaning those hoping to catch a glimpse can head to one of the viewing areas on route.

There will also be large TV screens at Whitehall and The Mall, as well as St James’ Park to follow the events.

Events in July

Three special displays marking significant occasions in the Queen’s reign – the Accession, the Coronation and Jubilees – will be staged at the official royal residences from July 2022.

This is set to include a range of portraits as well as the jewellery and outfits worn for each occasion, housed at Buckingham Palace, Windsor Castle and the Palace of Holyroodhouse.

How Britain has celebrated the Platinum Jubilee so far

May

The Royal Windsor Horse Show started the unofficial Jubilee celebrations. Held from May 12-15, the equestrian world gathered for the UK’s largest outdoor horse show featuring show jumping, carriage driving and endurance events. 

In the evening, in the same arena, a Jubilee pageant involving 500 horses and 1,300 performers took place, in a 90-minute piece of arena theatre that included actors, artists, musicians, international military displays, dancers and global equestrian displays. Lady Louise Mountbatten-Windsor, 18, drove the Duke of Edinburgh’s carriage during the festivities, paying tribute to the Queen and Duke’s unrivalled contribution to the equestrian world.

The event, called A Gallop Through History, raised money for charities including those supporting the NHS and key workers.

The show was carried out in front of a live audience of 4,000 but, on the final day (May 15), it was broadcast live on ITV with Tom Cruise and Alan Titchmarsh joining forces to host, with Dame Helen Mirren appearing as Elizabeth I.

June

Thursday, June 2

The Queen took a salute from the balcony of Buckingham Palace for the Trooping the Colour this year. More than 1,400 parading soldiers, 200 horses and 400 musicians came together in the traditional Parade to mark The Queen’s official birthday. They proceeded down The Mall to Horse Guard’s Parade, joined by members of the Royal family on horseback and in carriages.

The event ended with an RAF flypast, watched by members of the Royal Family on the Buckingham Palace balcony. Joining the Queen were Prince Charles and the Duchess of Cornwall; the Duke and Duchess of Cambridge, along with their three children – Prince George, Princess Charlotte and Prince Louis. Princess Anne was also on the balcony, along with Prince Edward, Sophie Countess of Wessex and their children Lady Louise Windsor and James, Viscount Severn. Also in attendance on the balcony were Vice Admiral Sir Timothy Laurence, the Duke and Duchess of Gloucester, the Duke of Kent and Princess Alexandra.

The UK’s long-running tradition of celebrating Royal Jubilees, weddings and coronations with the lighting of beacons also took place later in the day.

Posted on

What is an ‘adverse event?’ Inside the recently released report on Pfizer’s COVID-19 vaccine

What is an 'adverse event?' Inside the recently released report on Pfizer's COVID-19 vaccine

A document circulating on social media and elsewhere is being cited as a smoking gun to suggest Pfizer knew its COVID-19 vaccine causes more “adverse events” than previously stated, a claim some experts say requires a more nuanced look.

Released by the U.S. Food and Drug Administration as part of a recent U.S. court order, the one-year-old, 38-page report of post-marketing data from Pfizer includes an appendix listing hundreds of reported adverse events from its COVID-19 vaccine, all of which are defined as being of “special interest.”

Whether the data is being, or can be, accurately interpreted is a point some experts are flagging as an issue with the document, particularly given the amount of real-world data gathered since then.

Experts say not every adverse event cited in the report can be chalked up to the vaccine, while others are consistent with the vaccine’s known side-effects.

CTVNews.ca spoke to two infectious disease specialists about the report to better understand what the data does, and does not, show.

ADVERSE EVENTS

The document itself is an accumulation of post-authorization adverse event reports from Dec. 1, 2020, through to February 2021, taken from the U.S. and other countries, of which there were 42,086 cases in total.

An adverse event is defined as “any untoward medical occurrence that follows immunization,” including an unfavourable or unintended sign such as a skin rash, an abnormal lab finding, symptom or disease.

Dr. Dale Kalina, an infectious disease doctor at Joseph Brant Hospital in Burlington, Ont., told CTVNews.ca in a Zoom interview on Tuesday that Pfizer is required to report any adverse events.

However, just because someone reports an adverse event doesn’t mean it was caused by the vaccine itself.

As the document states, adverse event reports do not necessarily mean they were caused by the drug in question, but could be due to an underlying disease or other factor.

During the Pfizer vaccine trial for those between five and 11-years-old, Kalina says one participant swallowed a penny, which was reported as an adverse event.

“And I think we can all agree that swallowing a penny isn’t related to the vaccine itself,” he said.

“But of course, it highlights the fact that it needs to be reported and that’s what we’re seeing, and that’s the type of data that we’re getting.”

During Modern’s vaccine trials, a 72-year-old participant with arrhythmia, who died after being struck by lightning 28 days post-vaccination, was reported as experiencing a severe adverse event.

Dr. Martha Fulford, an associate professor of medicine at McMaster University, says it’s also unclear in the list whether the adverse events were actually linked to the vaccine or if it was by coincidence.

“I look at this document and I think I sort of come away thinking it’s a little uninterpretable to me,” she told CTVNews.ca in a phone interview on Wednesday.

One of the events listed is hantavirus pulmonary infection, which can occur after coming into contact with rodent urine, droppings or saliva.

“Product availability issue” also is another adverse event on the list.

“Some of that stuff strikes me as highly improbable as doing anything with the vaccine,” Fulford said.

Reporting of adverse events, generally, is underreported, Fulford says, which is something the Pfizer document notes, as well.

But she says it’s unclear how many actual cases of each adverse event were reported or if they appeared at higher rates than what you would see by random chance in the general population.

“The key is whether or not there’s a link and so people reporting something that’s happened, we would need to look at what the overall reported rates would be across a population in a normal period of time,” Fulford said.

THE DENOMINATOR

Both Kalina and Fulford pointed to the lack of a denominator in the document, or in this case how many people received the vaccine at that point in time.

Near the end of February 2021, the United States was vaccinating as many as 1.7 million Americans on average per day, with 63 million Modern and Pfizer vaccines administered.

Looking at the more common adverse events in the Pfizer document, seen in two per cent of cases or more, all are what one would expect after getting a vaccine and when the immune system is excited, namely sore arm, mild fatigue and headache, Kalina says.

The “heaps” of data produced since then around the world have underscored that, he says.

“But to label it as adverse, I think, is a bit of a misnomer because it is actually exactly what you would expect,” he said.

“You’re expecting that reaction and although it’s adverse, it’s not pleasant, it is what you would expect from the medication itself.”

Kalina says any suggestion of a cover-up by Pfizer is being made for “nefarious purposes.”

“It’s a pharmaceutical company, they’re here to make money and I recognize that, there’s no doubt in my mind about that, but the product works,” he said.

While the initial optimism around transmission, for example, has certainly waned as more vaccinated individuals became infected with the Omicron variant, that doesn’t take away from the power of the vaccine to prevent serious disease, hospitalization and death, Fulford says.

“I think most of us, myself included, feel very strongly that for vulnerable people who are at risk from COVID, the vaccines have fundamentally changed what we were dealing with,” she said.

“We saw a huge difference in hospital admissions and severe disease mortality in people who had been vaccinated, this is unquestioned. The risk-benefit conversation obviously changes very much depending on the baseline risk of the person receiving the vaccine, it’s just not an absolute answer.”

WHAT DO WE KNOW NOW?

The Public Health Agency of Canada says that as of Feb. 25, 2022, a total of 40,011 adverse events following immunization have been reported, out of nearly 80.8 million doses administered, for a rate of 0.05 per cent. Most of the adverse effects are classified as non-serious.

At the time the Pfizer report was made, many of those who got the vaccine initially were generally older and potentially vulnerable to COVID-19 infection.

Since then, vaccines have been administered to more, and younger, age groups, providing further evidence to back certain adverse events.

As Fulford says, what needs to be monitored with any medication or vaccine is whether certain signals present at a higher rate than what you would normally see.

This proved to be the case with blood clots and the AstraZeneca vaccine.

Although blood clots can emerge from sitting too long due to travel and certain birth control, their presence after receiving AstraZeneca, while rare, made it distinct, Fulford says.

A similar situation has played out with myocarditis and pericarditis, or inflammation of the heart muscle and lining around the heart respectively.

While also considered rare, people have reported cases after receiving a COVID-19 mRNA vaccine, with higher rates observed following a second dose, among young and adolescent males, and with the Moderna vaccine, the latter possibly due to it being a higher dose than Pfizer.

A report on adverse events from Public Health Ontario shows that rates of myocarditis and pericarditis in males 12-17 and 18-24 after receiving a second dose was 157.9 and 199.4 respectively per million doses, which is roughly two to 13 times higher compared to other age groups.

One recent study also points to the need for individual strategies for vaccinating adolescent boys, due to the elevated risks of myocarditis and pericarditis, and depending on their health and history of COVID-19 infection.

The National Advisory Committee on Immunization recommended in December 2021 that Pfizer be the preferred COVID-19 vaccine over Moderna for those 12 to 29-years-old.

Some studies also have looked into the potential effects of COVID-19 vaccines on women’s menstrual cycles.

Ultimately, Fulford says conversations around the risks and benefits of getting the vaccine will vary depending on the individual.

“It’s not to say that people should or should not be vaccinated, it’s simply acknowledging that yes, we have seen in some people adverse events, and acknowledging that there’s an adverse event is not an all or nothing, and we’ve sort of made it an all or nothing,” Fulford said.

“One can be in favour of vaccines while acknowledging this is the risk in this age group of this adverse outcome, and have that risk-benefit conversation.”

With files from CTV News