NextGen Digital Platforms Inc. is pleased to announce the purchase of additional workstations for its online hardware-as-a-service business (“Cloud AI Hosting”), alongside the launch of a new digital marketing campaign for its e-commerce platform, PCSections.com (“PCS”).
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The two new workstations, each containing one graphics processing unit (“GPU”), are expected to generate revenue upon delivery and setup, enabling the Company to further increase its operational cashflow in the near-term. The delivery timeline is estimated at approximately one month. The workstations have been ordered from Ingram Micro, a Canadian electronics distributor for which PCS is an authorized reseller. This initiative underscores the synergy between the Company’s business units, as PCS leverages its reseller status with its supplier Ingram Micro to secure workstations for the Company’s Cloud AI Hosting business.
The expansion of Cloud AI Hosting marks a significant step toward NextGen’s goal of building a larger fleet of GPUs for Cloud AI Hosting. The acquisition of additional workstations is anticipated to continue on a rolling basis to balance capacity and cost-effectiveness, while also anticipating the potential release of Nvidia’s RTX 50 series GPUs next year.
In parallel, the Company has initiated an advertising campaign aimed at driving traffic and increasing sales on PCS. This campaign seeks to enhance PCS’s visibility in the competitive e-commerce market, leveraging social media advertising to reach a broader audience.
Kevin Zhou, NextGen’s Director of Platforms & Marketing, commented: “This milestone underscores NextGen’s commitment to expanding Cloud AI Hosting by steadily building out our GPU fleet, which will enable us to meet increasing computing demands from AI users. Acquiring additional workstations on a rolling basis strengthens our capacity to adapt to future technological advancements. For PCS, the marketing campaign complements our recent platform upgrades, aimed at boosting visibility and attracting more customers.”
Joel Freudman, President & CEO of NextGen, added: “Building out our Cloud AI Hosting business represents an important step in NextGen’s broader strategy to align with emerging technologies, such as artificial intelligence and Web3. These initiatives reinforce our commitment to business development and revenue growth in next-generation tech sectors while driving value for our shareholders.”
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Source – Globenewswire
