NexTech AR Names SAP Tech Leader Eugen Winschel as Chief Operating Officer

18 Year Technology Driven Industry Veteran to Lead Large Scale Growth Initiatives into Global Enterprise Market for Video Conferencing and Augmented Reality

NexTech AR Solutions (NexTech), 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. Eugen was a Global Vice President business Leader at SAP, an 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.

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In his new role with NexTech, Winschel will be responsible for scaling the company from a 70 person organization into a global powerhouse of 700 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.”

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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
• 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.

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