ARway Corp. Signs Multiple New
Deals as $44 Billion Indoor Navigation Industry Accelerates Shift
to Augmented Reality Navigation
SaaS Business
Gaining Traction
TORONTO, O.N,
Canada –
FEBURARY 14,
2023 -- InvestorsHub NewsWire -- ARway
Corporation ("ARway" or
the "Company") (CSE: ARWY), (OTC: ARWYF) (FSE: E65) is disrupting the Augmented Reality
Wayfinding market with a no-code, no beacon spatial computing
platform enabled by visual marker tracking with centimeter
precision. ARway is excited to announce that the Company has signed
six new deals for its Software Development Kit
(SDK),
which showcases the increasing
demand for this disruptive technology. The deals range in size from
$600-$10,000 based on the usage of the platform. The Company is
seeing significant and accelerating interest and deal flow from
augmented reality agencies, large corporations and brands that are
looking to enhance their wayfinding experience.
The Company is now signing up new
creative agencies weekly at a cost to the agency of $600-$10,000.
These creative agencies already work with dozens or even hundreds of customers and brands that
want and need this AR wayfinding technology. By subscribing to the
ARway platform the agency can demonstrate the ARway capabilities to
their clients and act as a reseller for ARway's
solution.
ARway wayfinding
solutions
range from $15,000-$30,000
annually plus .01/sq ft. The Company is currently in negotiations
for multiple full service AR wayfinding contracts that have
millions of sq ft to map.
The Global Indoor Positioning and
Indoor Navigation (IPIN) Market is projected
to reach $44 Billion by 2025, growing at a CAGR of 42.0%
from 2018 to 2025, according to
Allied Market Research.[1]
ARway's SDK contains code
libraries and API information that allows developers to build their
own white label & private label mobile apps on both iOs and
Android leveraging ARway's technology and creator tools to build AR
wayfinding and spatial experiences. Creators and agencies will be
able to develop white label and private label apps and access ARway
APIs to author maps using the Web Creator Portal.
These latest SDK signings
follow last
week's announcement that Saudi German Health has chosen to utilize
ARway's augmented reality wayfinding solution, at an initial cost
of over $10,000 with expansion possibilities into the $100,000+
annually. Saudi
German Health is the
leading private healthcare provider across the Middle East and
North Africa. The partnership is for a single project at one of
Saudi German Health's new locations in Makkah, Saudi Arabia with
possible system wide expansion to a total of 15 hospitals. The
project aims to bring the latest AR technology to the healthcare
sector, by utilizing ARway's AR wayfinding and guiding solutions,
aimed at enhancing the patient experience and making navigation
within the hospital more efficient. ARway's groundbreaking
technology will help patients and visitors navigate the complex
medical facilities, providing clear and intuitive directions
through the use of overlaid AR graphics and information
ARway
Community
ARway has also recently launched
the ARway Community, enabling developers and enterprises to build
maps with navigation and immersive AR experiences using the ARway
platform. Users can access technical documentation, FAQs, connect
within the community and learn from experts in deploying the ARway
solution. The community forum serves as the first line of support
for users and encourages sharing of best practices for projects.
The ARway Community is designed to meet the needs of the growing
user base of ARway across the globe. To join the ARway Community,
please visit: https://www.arway.ai/community
To
learn more about ARway, please follow on Social Media:
Twitter,
YouTube,
Instagram,
LinkedIn,
and Facebook,
and visit our website: www.arway.ai
For further information, please
contact:
Investor
Relations Contact
Julia Viola
investor.relations@arway.ai
ARway
Corporation
Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)
About ARway
Corp
ARway is a no-code spatial
computing platform for the real-world Metaverse. It enables
AR-enhanced indoor navigation and wayfinding solutions for large,
multi-purpose venues enabled by marker-based tracking using QR
codes. Visitors can access a venue map by scanning a QR code with
their smartphone upon entering the venue to navigate to any Point
of Interest (POI) with step by step directions, learn information
about those POIs, and interact with rich AR content and experiences
along the way.
The ARway offering has an
unlimited number of use cases for augmenting physical spaces in the
metaverse, consisting of indoor navigation with AR activations to
improve the visitor experience in large and complex spaces. With
value propositions spanning multiple industries and use cases,
ARway leverages Nextech's 3D/AR technology solutions to new
substantial markets, for use by creators, brands, and
companies.
The ARway Platform Includes:
Web
Creator Platform
The
Web-Based Creator Platform provides 'advanced' authoring
capabilities compared to the mobile app, including the ability for
creators to upload their own OBJ/GLB files, and create their own 3D
objects. Placing content in a large area using only mobile app
required the user to physically be in the specific location which
was unscalable. The web studio allows the user to place and author
content remotely and at scale.
Mobile
App
With
the ARway mobile app, anyone can spatially map their location
within minutes using their smartphone, and populate it with
interactive 3D content, augmented reality wayfinding, audio, text,
images, and more. Nextech AR provides several pre-loaded 3D objects
which creators can leverage to populate their metaverse.
Download
the Mobile App
Apple
iOs -
click here
Google
Play Store -
click here
ARwayKit
SDK
The
Software Development Kit contains code libraries and API
information that allows developers to build their own white label
& private label mobile apps on both iOs and Android leveraging
ARway's technology and creator tools to build AR wayfinding and
spatial experiences. Creators will be able to develop white label
and private label apps and access ARway APIs to author maps using
the Web Creator Portal. The SDK features the latest and greatest of
the ARway mobile app.
Nextech AR
Solutions
On October 26, 2022, ARway Corp.
was spun-out from its parent Company, Nextech AR Solutions (OTCQX:
NEXCF) (CSE: NTAR) (FSE: EP2). Nextech AR retained a control
ownership in ARway Corp. with 13 million shares, or a 50% stake.
Nextech AR Solutions is a Metaverse Company and leading provider of
augmented reality ("AR") experience technologies and 3D model
services. Nextech's AI-powered 3D modeling platform, "ARItize3D"
has contracts with; AMZN, KSS, CB2, Genuine Parts & many
others. To learn more about Nextech
AR, visit
www.nextechar.com
Forward-looking
Statements
The CSE has not
reviewed and does not accept responsibility for the adequacy or
accuracy of this release.
Certain
information contained herein may constitute "forward-looking
information" under Canadian securities legislation. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as, "will be" or variations of
such words and phrases or statements that certain actions, events
or results "will" occur. Forward-looking statements regarding the
completion of the transaction are subject to known and unknown
risks, uncertainties and other factors. There can be no assurance
that such statements will prove to be accurate, as future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements and forward-looking information. ARway
Corp. will not update any forward-looking statements or
forward-looking information that are incorporated by reference
herein, except as required by applicable securities
laws.
