NEW YORK, April 19, 2022 (GLOBE NEWSWIRE) -- Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from CEO’s of: Upstart Holdings (NASDAQ: UPST), NuRAN Wireless (OTC: NRRWF) NexTech AR Solutions (OTC: NEXCF) (CSE: NTAR), and Casa Systems (NASDAQ: CASA).
Today’s emerging technologies and lifestyle megatrends are creating billion dollar opportunities for disruptive innovation in how we live, work and play. Wall Street Reporter highlights the latest comments from industry thought leaders shaping our world today, and in the decades ahead:
NexTech AR Solutions (OTC: NEXCF) (CSE: NTAR) CEO Evan Gappelberg: “NexTech is On-Ramp to Metaverse & Web 3.0 for $5.5 Trillion E-Commerce Market”
https://www.wallstreetreporter.com/2022/04/06/next-super-stock-nextech-ar-otc-nexcf-cse-ntar-on-ramp-to-metaverse-web-3-0-for-5-trillion-e-commerce-market/
NuRAN Wireless (OTC: NRRWF) (CSE: NUR) CEO Francis Letourneau:
“Bringing Wireless Connectivity to Africa is Billion Dollar Opportunity for NuRAN”
https://www.wallstreetreporter.com/2022/02/16/next-super-stock-nuran-wireless-otc-nrrwf-path-to-billion-valuation-w-africa-telecom-contract/
Casa Systems (NASDAQ: CASA) CEO Jerry Guo:“Leading Cloud-Native 5G Infrastructure in US”
https://www.wallstreetreporter.com/2022/04/18/casa-systems-nasdaq-casaawarded-multi-year-contract-from-verizon/
Upstart Holdings, Inc. (NASDAQ: UPST) CEO Dave Girouard: “AI is Transforming Credit”
“...We're in a multi-decade mission to put affordable credit within reach of every American. The price of credit is the price of opportunity and the price of mobility. And we want to ensure that opportunity and mobility are available to all Americans..2021 was a remarkable year for Upstart. We grew revenue from $233 million in 2020 to $849 million in 2021, while generating net income of $137 million. And with the fourth quarter surge, we're now at more than $1 billion in revenue on an annualized basis… We find ourselves today in the strongest position Upstart has experienced to date and it's our mission in 2022 to build on the many successes of the last year. We believe in our core that AI lending isn't a one-category phenomenon, but will eventually transform virtually all flavors of credit. I'm happy to tell you that just 1.5 months into the new year, we've accomplished this goal. In fact, our auto refi funnel performance is now comparable to where our personal loan funnel was in 2019 on a channel-adjusted basis.
Based on this progress, we now expect $1.5 billion in auto loan transactions on our platform in 2022… 2021 will be remembered as the year AI came to the forefront, kicking off the most impactful transformation of credit in decades…Upstart is now about the size that Google was when I joined that company in early 2004. So I've seen this movie before and hope to use what I learned there to build Upstart into the most impactful fintech in the world…”
Upstart Holdings, Inc. (NASDAQ: UPST) Earnings Highlights: https://www.wallstreetreporter.com/2022/02/16/upstart-holdings-inc-nasdaq-upst-q4-2021-earnings-highlights/
NexTech AR Solutions (OTC: NEXCF) (CSE: NTAR) CEO Evan Gappelberg: “NexTech is On-Ramp to Metaverse & Web 3.0 for $5.5 Trillion E-Commerce Market”
NexTech AR (OTC: NEXCF), a featured presenter at Wall Street Reporter's "Next Super Stock" investor conference series, recently shared with investors how NEXCF is emerging as a key player in the $5.5 trillion global e-commerce market transition to web 3.0 and the metaverse. NEXCF Augmented Reality solutions enable to view products in lifelike 3D, in their own living room. This AR shopping experience bridges the gap between the physical world, and what was once a flat 2D online e-commerce experience. NEXCFs AR shopping experience is a “game changer” for the 5.5 trillion global e-commerce industry (source: Statisa 2022).
Watch NEXT SUPER STOCK (OTC: NEXCF) (CSE: NTAR) Video: https://www.wallstreetreporter.com/2022/04/06/next-super-stock-nextech-ar-otc-nexcf-cse-ntar-on-ramp-to-metaverse-web-3-0-for-5-trillion-e-commerce-market/
NEXCF AR solutions create billions of dollars in potential profitability and cost cost-savings for e-commerce leaders by driving +93% increases in click through rate, and -40% reductions in product returns. This value creation and ROI is driving growing demand and industry adoption of NEXCF AR solutions. Nearly 2 billion of the world’s population now shops online. Most importantly, over 72% of e-commerce is now done by mobile phone - a native platform for Augemented Reality apps like NEXCF. Global blue chip brands utilizing NexTech AR, include: Ford Mach EV, Kohls, CB2, Crate & Barrel, Pier 1, and Segway.
“NexTech’s AR solutions are rapidly becoming a ‘must-have’ for e-commerce leaders to succeed in today’s hyper-competitive market, where even marginal improvements in metrics like click-though and return-rates can mean the difference of billions of dollars to a company’s bottom line…We’re at an inflection point now, where industry demand and adoption for NexTech’s AR is accelerating and going mainstream. As E-Commerce shifts to Web 3.0 and the Metaverse, the demand for AR/3D product models becomes essential. NexTech is emerging as the “on ramp” to the Metaverse and Web 3.0 for the $5.5 trillion e-commerce industry. With over 200 million product SKU’s in e-commerce worldwide - NexTech has a potential revenue pipeline worth billions of dollars in coming years.”
Watch NEXT SUPER STOCK (OTC: NEXCF) (CSE: NTAR) Video: https://www.wallstreetreporter.com/2022/04/06/next-super-stock-nextech-ar-otc-nexcf-cse-ntar-on-ramp-to-metaverse-web-3-0-for-5-trillion-e-commerce-market/
April 19 - NEXCF launches BigCommerce App For 3D Model Making. With this App going live, Nextech’s ARitize 3D SaaS offering for ecommerce, extends the Company's 3D model creation capabilities to BigCommerce merchants. This App seamlessly provides BigCommerce merchants with the software needed to sell effectively online, with a frictionless one click integration for 3D model making. Nextech has already integrated with Shopify earlier this year, and will integrate with WooCommerce within the next 30 days. As demand for 3D models rises exponentially, the Company also plans to partner with Magento and other ecommerce platforms throughout 2022, continuing to rollout its third party SaaS integration and providing its ARitize 3D modelling solution to millions of ecommerce merchants globally.
April 14 - NEXCF launches Nextech Metaverse Suite. This Suite of Metaverse SaaS products unifies Nextech’s entire technology stack of 3D and AR products and apps into one, end-to-end seamless and easy to use SaaS subscription based platform.Nextech views SaaS as a significant advancement of all its 3D modelling and augmented reality solutions. SaaS integration has enormous implications for scalability and the company's future revenue growth.
April 12 - NEXCF launches Shopify “freemium” 3D model pricing, updating the Company’s Shopify app, initially launched in January, allowing merchants to create 3D/AR models for their ecommerce site.
April 6 - NEXCF files four pivotal non-provisional utility patents with respect to its Aritize 3D and ARitize CAD products for 3D model making, further strengthening the Company’s intellectual property position.
Watch NEXT SUPER STOCK (OTC: NEXCF) (CSE: NTAR) Video: https://www.wallstreetreporter.com/2022/04/06/next-super-stock-nextech-ar-otc-nexcf-cse-ntar-on-ramp-to-metaverse-web-3-0-for-5-trillion-e-commerce-market/
NuRAN Wireless (OTC: NRRWF) (CSE: NUR) CEO Francis Letourneau:
“Bringing Wireless Connectivity to Africa is Billion Dollar Opportunity for NuRAN”
NuRAN Wireless (OTC: NRRWF) (CSE: NUR) CEO Francis Letourneau, a featured presenter at Wall Street Reporter’s NEXT SUPER STOCK investors livestream is bringing wireless connectivity to Africa, enabling communications and internet for the last great untapped market of over 1 billion population. Francis shares how NRRWF’s contracts with blue chip global telecom partners, position the company on path for over $220 million in annual recurring revenue, and potential billion dollar market valuation in the coming years.
Watch NuRAN Wireless (OTC: NRRWF) (CSE: NUR) NEXT SUPER STOCK video:
https://www.wallstreetreporter.com/2022/02/16/next-super-stock-nuran-wireless-otc-nrrwf-path-to-billion-valuation-w-africa-telecom-contract/
NRRWF provides telecom operators in Africa a turnkey “Network as a Service” (NaaS) infrastructure solution, specializing in rural and remote areas. NRRWF has developed carrier-grade mobile networks, and towers using solar power that are ideally suited for rural and remote environments in developing economies such as Africa where 300 million people have zero mobile coverage. Mobile connectivity in the developing world is a vital lifeline for healthcare, jobs, trade and education. NRRWF currently has contracts in place with blue chip telcom’s like Orange S.A. for services in Cameroon, Democratic Republic of Congo, and with MTN Group in South Sudan for 2,492 sites, which it is now rolling out. These initial 10 year contracts are expected to generate $50 million annual revenues with EBITDA of 50%.
NRRWF plans to roll out to at least 10,000 mobile telecom sites in Africa over the next 5 years, which is expected to generate $220 million annual revenues with $110 million EBITDA. At typical multiples in the sector, this could value NRRWF at over $1 billion.
NRRWF has a pipeline of about 15,000 potential sites in Africa, and is also targeting similar contracts in Latin America and the Asia Pacific region. NRRWF is now in the early stages of it’s deployment, with a long runway of growth in the months ahead.
Watch NuRAN Wireless (OTC: NRRWF) (CSE: NUR) NEXT SUPER STOCK video:
https://www.wallstreetreporter.com/2022/02/16/next-super-stock-nuran-wireless-otc-nrrwf-path-to-billion-valuation-w-africa-telecom-contract/
April 15 - NRRWF signs $60 million contract, for Network As A Service (NaaS) with MTN Namibia Ltd for the deployment of rural and suburban 4G LTE sites in Namibia.
Following the MOU announcement on February 22, 2022, this definitive agreement with MTN is intended to continue to build on NuRAN's NaaS expansion in Africa with its first 4G project. NuRAN now has 2,692 sites under contract in pursuit of its objective of 10,000 sites under contract. "We are extremely pleased to have added Namibia to our growing portfolio of African countries. We are even more pleased to have announced our first 4G contract with MTN Namibia. We continue to drive forward towards our goal of 10,000 sites under contract and adding these important revenues to our projections will further enhance of growing fundamental value and help to solidify NuRAN as a leading provider of mobile connectivity to rural and remote regions throughout Africa and ultimately the world" stated CEO Francis Letourneau.
Casa Systems (NASDAQ: CASA) CEO Jerry Guo:“Leading Cloud-Native 5G Infrastructure in US”
Casa Systems, Inc. (NASDAQ: CASA), a leading provider of physical and cloud-native infrastructure technology solutions for mobile, cable and fixed networks, was awarded a multi-year purchase contract from Verizon (VZ). In addition, Verizon will make an investment of approximately $40M in Casa common stock, resulting in a 9.9% ownership stake. Under the terms of the commercial agreement, Casa Systems will provide its 5G Core Network Functions to Verizon, helping power the company’s public Mobile Edge Compute (MEC) service offering. Mobile Edge Compute (MEC) technology moves computing resources onto cloud servers at the network edge - as close as possible to places where data is generated. CEO Jerry Guo commented: “This announcement is an important milestone for our 5G Core and Security Gateway technology, as well as the growth potential of our business. Our cloud-native approach is at the foundation of today’s agreement and represents an important pivot in the telecommunications industry. Casa Systems is excited to be at the forefront of this shift towards a cutting edge, cloud-based strategy through this partnership with Verizon. This agreement validates our leadership in 5G Core and MEC and positions Casa Systems as a key champion for cloud-native 5G infrastructure in the United States.”
Casa Systems (NASDAQ: CASA) News: https://www.wallstreetreporter.com/2022/04/18/casa-systems-nasdaq-casaawarded-multi-year-contract-from-verizon/
WALL STREET REPORTER
Wall Street Reporter (Est. 1843) is the leading financial news provider, focused on giving investors direct access to CEO's of promising, publicly-traded companies, and market experts. www.WallStreetReporter.com. Nothing in this news summary shall be construed as investment advice. Quotes/content may be edited for brevity and context. Full disclaimer, and relevant SEC 17B disclosures here: https://tinyurl.com/2x4eznd5
About Wall Street Reporter’s Next Super Stock conference:
Wall Street Reporter's NEXT SUPER STOCK Live! conference is dedicated to featuring select companies that have near-term catalysts in place which can drive transformational growth (and stock appreciation) in the months ahead. Click here to join next livestream event: https://www.wallstreetreporter.com/next-superstock-online-investor-conference/
CONTACT:
WALL STREET REPORTER
(212) 871-2057 ext 7
