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Nextech AR's AI-Powered CAD-3D Design Studio Toggle3D Launches New Machine Learning and Computer Vision Technology

Martech Outlook | Thursday, March 02, 2023

New ML & Computer Vision Reduces CAD file size by 95%

Toggle3D to be preferred standard in the $160 Billion Global GGI Application Software market

Toggle3D.ai all-in-one platform for CAD - web 3D design

TORONTO, O.N, Canada -  Nextech AR Solutions Corp.  (“Nextech” or the “Company”) (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2), an Augmented Reality (AR), Artificial Intelligence (AI) and 3D model supplier for Amazon and other major e-commerce retailers and brands is pleased to announce the launch of new machine learning (ML) and computer vision technology for the Toggle3D platform. These features will open up opportunities for developers looking for an efficient way to create complex virtual experiences with minimal effort or cost constraints. Toggle3D enables the conversion, texturing, customizing and sharing of the highest quality 3D models at scale, using CAD files and is able to convert CAD to a GLB and reduce file size by 95%, creating an industry-leading solution for the $160 billion CGI market.

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Example of Toggle3D.ai ML and Computer Vision in reducing file size:

• Sample standard CAD files size 625 MB  

• Using the Toggle3D engine, the resulting GLB file size was reduced to 83.3MB or an 86% reduction.

• The new optimization algorithm removes 131 of the total 215 parts in the CAD file, to create a GLB file with size 31.6MB with no difference in the final visual look of the model 95% reduction in file size compared to native CAD mesh creation.

These powerful ML and computer vision tools simplify and speed up production pipelines for web and XR developers who need high-fidelity 3D models, but who often have limited resources available due to large file sizes or hardware limitations. CAD files are often very large, and as the source of truth for manufacturing, they contain exact details of all parts, including the smallest, internal components that are not visible in the end product to users. When CAD files are converted to 3D meshes, all these internal parts will also get converted, resulting in excessively large meshes without adding any visual value. These new machine learning (ML) and computer vision tools will reliably detect, and optionally remove components that are not visible once a CAD file is converted to mesh.

Today's technology advancements further position Toggle3D to be the preferred standard in the 3D modeling industry and in the $160 Billion Global GGI Application Software market as an all-in-one platform for CAD - web 3D design.

Evan Gappelberg, CEO of Nextech AR commented, “We are very excited about this development as it marks yet another technological milestone leveraging AI, ML and computer vision while bridging the gap between engineering CAD files and artistry of 3D modeling. We believe these features will enable developers around the world to unlock more possibilities when creating 3D models from CAD files. These new features are aiming to increase the subscriptions on the Toggle3D platform and contribute to our SaaS revenue generation. He continues “we are continuing to move forward with our spin-out IPO of Toggle3D.ai and I’m happy to report that we have secured the trading symbol: TGGL. We believe that TGGL will begin trading on the CSE in Q2, 2023 although no assurances can be given.”

Technical Importance

The Toggle3D algorithms are built on machine learning and can detect components of a CAD file that are not visible when it is converted into a mesh model. This allows users to reduce the size of their meshes without sacrificing quality or accuracy. Additionally, each component in the model will be given a “visibility-score” ranging from 0.0 to 1.0 which can help optimize mesh densities by allocating polygons based on visibility levels.

Click here to view example of a medium sized CAD file, a partial model of a TM MX 125 motorcycle.

A conversion of this file to an OBJ mesh, using the built in mesh tools in CAD software (in this case FreeCAD) resulted in a file that is more than 625MB in size. Using the current Toggle3D engine, the resulting GLB file size was 83.3MB (86% reduction). The new optimization algorithm removes 131 of the total 215 parts in the CAD file, to create a GLB file with size 31.6MB with no difference in final visual look of the model (95% reduction compared to native CAD mesh creation).

The picture below shows the internal parts detected by Toggle3D’s algorithm.

Spin-Out

On February 2, 2023 Nextech AR announced the details of its IPO spin-out of Toggle3D. The Company has determined to pursue a direct spinout of its generative AI-powered Toggle3D platform through a wholly-owned subsidiary of the Company (“Subco”). The transaction is currently anticipated to proceed by way of plan of arrangement (the “Arrangement”) pursuant to which the Toggle3D platform and associated assets will be spun out into a new Subco, but will be subject to final tax and legal structuring considerations.

The Arrangement, if completed, is anticipated to result in, among other things, (i) Nextech retaining approximately 65% of the issued and outstanding shares of Subco (“Subco Shares”) upon completion of the transaction, (ii) approximately 20% of the Subco Shares being distributed directly to Nextech shareholders on a pro rata basis; and (iii) approximately 15% of the Subco Shares being distributed to certain service providers of Nextech in consideration of past services, as calculated prior to completion of the Private Placement following which the above percentages will be adjusted on a pro rata basis. In connection with the Arrangement, Nextech intends to seek a direct listing of the Subco Shares on the Canadian Securities Exchange ("CSE").

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