Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) announced that it has received a patent for its technology to generate 3D models from 2D images from the US Patent and Trademark Office.

CEO Evan Gappelberg described this patent as pivotal for the company’s intellectual property (IP) portfolio.

“We see this patent in the context of AI, and 2D to 3D model generation as the key patent for the 3D modeling industry which adds value to Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) and for our shareholders,” Gappelberg said.

“We will be promoting this new patent as it really gives us a competitive advantage and separates Nextech3D.ai from other companies that make 3D models.”

The CEO highlighted that this was the second AI patent issued to the company, with seven additional patents filed, as Nextech continues to “build a moat” around 3D model making for eCommerce business with both industry expertise and IP.  

“This second AI patent approval reinforces and validates Nextech3D.ai’s commitment to increasing shareholder value by investing in 3D-AI GPT patents and solutions while simultaneously generating millions in annual 3D modeling revenue,” he said.

Additionally, the company will be hosting a livestream to discuss new AI tech updates at 2pm Eastern Time on Thursday, April 4.

Investors can access the event here.