Augmented reality has just begun to revolutionize life and business as we know it. For example, it's already transforming the auto industry, government, military, logistics – and more, as such technology provides real-time data with real-life simulations. It also plays a major role in education, allowing for enhanced teaching, communication, and interactive textbooks. Even Apple's Tim Cook argues that augmented reality is "the next big thing," adding, "I'm excited about AR. My view is that it's the next big thing, and it will pervade our entire lives."
In addition, the AR market is expected to grow from $10.7 b8llion in 2019 to more than $72.7 billion by 2024, according to Markets and Markets. "Investments in the AR market have witnessed huge growth over the past few years. Companies such as Facebook Corporation, Intel Corporation, Qualcomm, Inc., Alphabet, Inc., Comcast Ventures, and Samsung Group are investing heavily in the AR market," notes the research firm. With the augmented reality boom well under way, some of the companies to keep an eye on include NexTech AR Solutions (OTCQB:NEXCF)(CSE: NTAR), Qualcomm Inc. (NASDAQ:QCOM), Apple Inc. (NASDAQ:AAPL), Himax Technologies Inc. (NASDAQ:HIMX), and Vuzix Corporation (NASDAQ:VUZI).
NexTech AR Solutions (OTCQB: NEXCF)(CSE: NTAR) BREAKING NEWS: NexTech AR Solutions, an emerging leader in augmented reality (AR) for eCommerce, AR learning applications, and AR-enhanced video conferencing and virtual events is pleased to announce it has hired SAP executive Eugen Winschel as Chief Operating Officer. At SAP Eugen was a Global Vice President Business Leader, expert in Artificial Intelligence (AI) and Next-Gen UX developer as well as innovative entrepreneur and intrapreneur.
Winschel has an extensive track record of proven success. In his previous positions with SAP as Global Vice President, he completely transformed the size and experience for global and regional events, digitized the physical world with IoT technology, delivered the first Enterprise Artificial Intelligence solution by using Machine Learning and Natural Language Processing, and ran multiple corporate-wide growth and efficiency initiatives.
In his new role with NexTech, Winschel will be responsible for scaling the company from a 70 person organization into a global powerhouse of 7,000 people or more, for next-generation augmented reality and video conferencing solutions. With the hiring of Winschel, NexTech expands its organizational capabilities as it rapidly grows and scales from being a visionary startup.
Winschel brings to NexTech extensive global leadership experience in software development for intelligent enterprise solutions and driving transformative innovation and growth. Winschel previously spent 18 years leading global and regional efforts for product development, sales and marketing at SAP, the market leader in enterprise application software. During his time with SAP, Winschel was recognized as an exceptionally innovative intrapreneur, driving cutting-edge products, as well as highly complex strategic, operational and financial initiatives.
Eugen Winschel, incoming Chief Operating Officer of NexTech AR comments "NexTech is one of the most exciting and innovative companies in the augmented reality space with a novel visionary approach. I was impressed with how their focus on evolving the technology is perfectly synchronized with their business acumen and ability to see how AR can improve business interactions". He continues "People around the globe have shifted to a heavy reliance on virtual connectivity and the AR products that NexTech is creating will change how people do business. Evan Gappelberg has created a unique foundation on which to build the company, resulting in a transformational platform, immensely talented colleagues and limitless potential. It is a personal honor to join Evan and the team to take NexTech to the next level and beyond."
Evan Gappelberg, CEO of NexTech AR comments, "The NexTech board is thrilled to have Eugen join the company, and I am beyond excited to have him join the NexTech family at this pivotal time of our rapid growth stage. Bringing on an experienced and innovative technology executive is critical to our future growth. In addition to his 18 years of worldwide experience at SAP, he comes with an unique combination of business and technical savvy and a great understanding for financial success. He consistently exceeds expectations in all areas and I'm confident that he will add tremendous value to the team from day one".
During his 18 year career at SAP Mr Winschel's leadership responsibilities included:
- Global Vice President, Product Management for User Experience – Intelligent Enterprise Group
- Global Vice President, Head of Product Management for Enterprise Artificial Intelligence
- Global Vice President, Head of Digital Business Engineering,Vice President
- Global Chief Operating Officer (COO) Worldwide Marketing and Communications Regions
- Regional Chief Operating Officer (COO) Middle and Eastern Europe Region, SAP Marketing
- Executive Director Office of the Chief Marketing Officer
- Director Solution Management
- Head of Business Innovation & Operations Industry Solutions
- Program Manager Business Innovation Industry Solutions
Pursuant to his appointment, Mr. Winschel will be granted 500,000 stock options with an exercise price of $5.88 for a period of three years. The Company also granted 50,000 incentive stock options to a consultant priced at $5.88 for a period of three years.
Other related developments from around the markets include:
Qualcomm Inc. (NASDAQ:QCOM) announced selections for the Qualcomm® Small Business Accelerator Program, which is designed to help small businesses transition to a mobile-first digital work environment to thrive in today's business climate and set-up for success in the long-term. The comprehensive program was created to provide small businesses with products powered by Qualcomm Technologies solutions, collaboration tools, and technical and integration support, so that the selected businesses can continue to maintain operations throughout the current global pandemic and beyond. Following the launch of the Qualcomm Small Business Accelerator Program in June, Qualcomm Technologies received more than 375 applications to the program, across 38 states and the District of Columbia. In reviewing the submissions, Qualcomm Technologies recognized ways in which its technology offerings could help small businesses with the digital gaps that prevented them from maintaining operations safely and efficiently. The selected 33 businesses span the healthcare, education, crisis response, arts, environmental services, and other industries, and most identified as women-owned, minority-owned, and/or veteran-owned.
Apple Inc. (NASDAQ:AAPL) announced two new live global radio offerings on Apple Music, now available to music fans in 165 countries. Beginning today, Beats 1, the flagship global radio station, will be renamed Apple Music 1, and two additional radio stations will launch: Apple Music Hits, celebrating everyone's favorite songs from the '80s, '90s, and 2000s, and Apple Music Country, spotlighting country music. Since Apple Music's launch in 2015, Beats 1 has grown into one of the most-listened-to radio stations in the world, consistently delivering the best in-depth artist interviews, more global exclusives and premieres than anywhere else, and unique programming that produces culture-moving, news-making moments year after year. Throughout its evolution, Beats 1 has established an inherent camaraderie with the artist community and championed human curation and discovery — an approach that will continue across the three stations.
Himax Technologies Inc. (NASDAQ:HIMX) a leading supplier and fabless manufacturer of display drivers and other semiconductor products, announced that the Company will attend Jefferies Virtual Semiconductor, IT Hardware and Communications Infrastructure Summit on September 1 – 2, 2020. The Company management will host one-on-one meetings with interested investors during the conference dates. Conference participation is by invitation only and registration is mandatory.
Vuzix Corporation (NASDAQ:VUZI) a leading supplier of Smart Glasses and Augmented Reality (AR) technology and products, is pleased to announce that the Company will be presenting at the LD 500 Virtual Conference being held on September 1-4, 2020. Vuzix Chief Executive Officer and President Paul Travers is scheduled to present on Tuesday, September 1, 2020 at 10:40 AM EST.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement between Winning Media and NexTech AR Solutions, Winning Media has been paid three thousand dollars for advertising and marketing services for NexTech AR Solutions. We own ZERO shares of NexTech AR Solutions. Please click here for full disclaimer.
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