NexTech Signs Partner Agreement with Jolokia Bringing AR to the Global Learning and Development Industry

NexTech Signs Partner Agreement with Jolokia

AR and Interactive Video combine to create world’s most compelling training platform

NEW YORK and TORONTO, Jan. 28, 2020 (GLOBE NEWSWIRE) -- NexTech AR Solutions, the industry leader in augmented reality, is pleased to announce a new partnership with Jolokia a leading enterprise video platform provider to the healthcare industry. This partnership will expand NexTech's reach into the L&D market which was estimated at 366.2 billion U.S. dollars, according to Statista. Jolokia has joined forces with NexTech AR, to offer a compelling video learning experience (LXP) that crosses the boundaries from interactive video to Augmented Reality (AR).

Pete Mastin, CEO of Jolokia, comments, “We are very excited to partner with NexTech AR, a leader in the AR space. We believe the combination of Interactive video and AR will create a new generation of L&D products that will gamify the learning experience in a way that has not been seen before." He continues, “With the addition of NexTech’s AR, our platform called Inferno is now the world's most advanced Video Learning Experience Platform (LXP) with Interactive Video, Artificial Intelligence, and AR enterprises now have the ability to create the world’s most engaging learning experiences anywhere.”

Evan Gappelberg, CEO of NexTech, commented, “With our state of the art AR combined with Jolokia’s best of breed video learning experience platform, we have the potential to transform the $366 billion dollar corporate training market. Over the coming weeks, Jolokia will be showcasing the new AR capabilities to its significant list of clients including many Fortune 100 companies. In the next few years as AR learning starts to accelerate it’s going to completely change the way employees learn on the job."

About Jolokia

Jolokia is an intelligent online video service provider whose product, Inferno, an online training and Learning Experience Platform (LXP), that supports clients that require integration with enterprise systems, custom workflow, cognitive search and discovery, translation and accessibility, interactive video and secure multi-CDN streaming in front of and behind the firewall.

About NexTech AR Solutions Corp.

NexTech is one of the leaders in the rapidly growing AR/VR industry, estimated to hit $120 billion by 2022, according to Statista. NexTech, the first publicly traded “pure-play” AR company, began trading on the CSE on October 31st, 2018. NexTech has a two-pronged strategy for rapid growth including growth through acquisition of eCommerce businesses and growth of its omni-channel AR SaaS platform called ARitize™. NexTech has an exclusive license to a portfolio of patents 7,054,831, 7,266,509 and patent-pending applications 15351508, 62457136, 62559487, related to interactive gaming, interactive advertising, and augmented reality (“AR”) technology.

Read the full press release HERE

If you’re interested in seeing the Jolokia platform in action, or to learn how your organization can leverage NexTech AR, you can request a demo.