SOCIAL COMMERCE GROUP SE (FRA:DE000A1K) NEXR Technologies supports International Brands Company as technology partner in digitalization of the product development process

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14/10/2021 07:30

DGAP-News: NEXR Technologies SE / Key word(s): Alliance
NEXR Technologies supports International Brands Company as technology partner in digitalization of the product development process

14.10.2021 / 07:30
The issuer is solely responsible for the content of this announcement.

NEXR Technologies supports International Brands Company as technology partner in digitalization of the product development process

Berlin, 14 October 2021

NeXR Technologies SE (XETRA: NXR) attracts another partner for its AvatarCloud platform. With IB Company KG, NeXR Technologies has entered into an in-depth technology partnership to optimize the product development process in the digitization of apparel.

The objective is to digitize the models created by designers and technical designers for exclusive brands, to adapt the three-dimensional apparel to the avatars provided by NeXR, and at the same time to integrate them into the product development process. NeXR and IB Company KG want to perfect this step together as well as test all necessary parameters for an integrated solution.

Up to now, isolated solutions have existed on the market for the visualization of CAD pattern data, which, by contrast, are not able to map the adaptation of the digitized apparel to an avatar. IB Company KG is now taking a major step towards digitalization. Both partners strive to expand the solution with further functionalities.

"Digitalizing the product development process of our exclusive brands offers enormous potential for its optimization, and we are very pleased to be working with our partner NeXR Technologies SE to realistically evaluate the possibilities of using lifelike avatars in the product development process," says Roland Schuler, Director Technical Product Management at IB Company KG.

Stefan Zsegora, Senior Vice President of NeXR Technologies, commented: "The partnership with IB Company KG once again highlights the range of use cases for Avatar-based applications. The fashion industry solution based on our AvatarCloud platform, NeXR Fashion, is very flexible. With the integration of avatars in the digital product development processes, we are expanding the range of potential solutions for the industry. In addition, with IB Company KG and the integration of our avatars at an early stage in the design of apparel, we are creating the potential to later provide all customers with an even easier virtual try-on of the apparel of the In-House Collection. As already announced in our cooperation with H&MBeyond., we intend to enter the markets with ready-to-use products in the current financial year. With NeXR Fashion, we offer our partners innovative concepts of a new shopping experience for their customers. At the same time, we are helping our partners in their efforts to achieve greater efficiency and sustainability in the production process. Our development partnership with IB Company KG is another important step in this direction."

For more information about NeXR Fashion, please visit nexr-technologies.com/nexr-fashion.

IB Company KG (IBC) was founded in 2014 and, as a subsidiary of Peek & Cloppenburg* KG, Düsseldorf, is responsible for all activities relating to the fashion retailer's exclusive brands. Its range of tasks includes product development, procurement and production processes as well as the distribution of the exclusive brands.

* There are two independent companies Peek & Cloppenburg with their headquarters in Düsseldorf and Hamburg. This press release refers to Peek & Cloppenburg KG, Düsseldorf, whose store locations can be found at www.peek-cloppenburg.de/standorte.

About NeXR Technologies
Berlin-based NeXR Technologies SE (XETRA: NXR) is a listed technology company developing B2B solutions based on Extended Reality (XR) technology. The core of the Company's vision is to create an economy based on the broad usage of life-like 3D Avatars, so-called digital twins. NeXR Technologies creates such Avatars by scanning people and capturing precise body measurements, textures, and movements. Based on its two in-house developed platforms, Avatar.Cloud and Event.Cloud, NeXR offers its partners innovative business solutions to their different problems. Avatar.Cloud offers precise body measuring and imaging solutions through applications in fitness tracking and dressing up in virtual fitting rooms. Event.Cloud integrates Avatars through its virtual production studio into virtual reality environments by utilizing the Unreal Engine and delivers live and interactive Events such as virtual concerts or educational formats in true virtual reality and streaming platforms like Twitch and Youtube. For more information, please visit www.nexr-technologies.com.

For further information, please contact:
NeXR Technologies SE
Sven Pauly, CROSS ALLIANCE communication GmbH


Telefon: +49 (0) 89 125 09 03-31

14.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language: English
Company: NEXR Technologies SE
Charlottenstraße 4
10969 Berlin
Phone: +49 (0) 30 403 680 143
Fax: +49 (0) 30 403 680 141
E-mail: l.herrmann@nexr-technologies.com
Internet: www.nexr-technologies.com
ISIN: DE000A1K03W5
Listed: Regulated Market in Berlin, Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1240605

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1240605  14.10.2021