ARway.ai Announces Magic Leap AR
Glasses Integration
Revolutionizing Augmented Reality with a No-code Global Indoor
Navigation Platform
AR glass Integration Pushes Forward ARway's Disruption of the $44
Billion Indoor Navigation Market (IPIN).
TORONTO, O.N,
Canada -- May 2, 2023 -- InvestorsHub NewsWire
-- ARway
Corporation ("ARway" or
the "Company") (CSE:
ARWY), (OTC:
ARWYF) (FSE: E65) is disrupting the Augmented Reality (AR)
Wayfinding market with a no-code, no beacon augmented reality
experience platform enabled by visual marker tracking. ARway is
pleased to announce it has begun integration development and
expects to complete the integration in the next 60-days for one of
the most widely used AR Glasses; Magic
Leap Glasses.
Magic Leap Glasses are an
immersive enterprise AR device that combine the virtual and real
worlds to create a unique and immersive user experience. These
glasses use advanced technologies like eye-tracking, spatial sound,
and 6DoF to enable users to interact with digital content in the
real world.
With the integration, the
expansion of ARway's product offerings provide customers with
greater device compatibility beyond mobile phones, which will
increase use cases and application of technology. As Magic Leap
hardware is improving at a rapid pace, they are now able to support
large-scale experiences with improved environmental understanding
which is a great fit for the capabilities of the ARway platform and
opens up the platform for the existing and growing installed base
of companies in the magic leap ecosystem.
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Magic Leap has received billions
of dollars in funding from high-profile enterprise companies like
Google and Alibaba, which underscores the potential value of this
technology. As Magic Leap Glasses continue to gain traction and
adoption, investors can expect to see increased demand for
integrated products and services like the ARway.ai platform
provides.
CEO Evan Gappelberg commented,
""We are thrilled to announce we are integrating ARway.ai with
Magic Leap AR Glasses, which represents a major milestone for our
Company and a significant advancement in the field of augmented
reality (AR). Given that ARway.ai is an AI-powered platform that
delivers immersive AR experiences and AR navigation, this
integration with Magic Leap Glasses is perfectly alligned, as they
possess the device while we supply the compatible content for
users. This partnership is expected to create new business
opportunities for our technology, allowing users to experience
digital content in the real world in ways that were previously
unimagined. This breakthrough marks the first of many integrations
with AR headsets, aligning with our strategy of developing once and
deploying everywhere. With wearables and glasses projected to
replace phones in the not too distant future, integrating our
technology with these headsets represents a massive step towards
the widespread adoption of ARways technology."
About
the Integration
With the integration, ARway will
provide a software package for agencies, brands and corporations to
create and publish large-scale location persistent AR experiences
to Magic Leap 2 devices from the ARway platform, leveraging ARway's
computer vision and extended tracking technologies. The markets
that this will service is industrial, manufacturing and retail, and
will provide hands-free immersive digital experiences for users to
improve productivity.
The integration comes at a
pivotal time, as Magic
Leap is now natively supporting OpenXR, which makes an accessible augmented reality
(AR) ecosystem that benefits enterprises and developers across
industries. OpenXR
is a royalty-free, open standard
that provides high-performance access to Augmented Reality (AR) and
Virtual Reality (VR)—collectively known as XR—platforms and
devices. With OpenXR, ARway can effectively "Code Once, Deploy
Everywhere" which is the Company's strategy to integrate with all
OpenXR compatible glasses & headsets.
About Magic
Leap
Magic Leap One glasses are a
fascinating AR innovation designed to create a seamless blend
between the virtual and real worlds, allowing users to experience
digital content in a way that feels as if it's a part of their
physical environment.
Magic Leap One glasses use
advanced technologies like eye-tracking, spatial sound, and 6DoF
(six degrees of freedom). Eye-tracking technology enables the
glasses to detect where the user is looking and adjust the virtual
content accordingly. Spatial sound technology creates an audio
experience that is tailored to the user's position in space, making
the virtual content sound like it's coming from the right
direction. 6DoF technology allows users to move around freely and
interact with digital content as if it's a part of the real
world.
Learn more: https://www.magicleap.com/en-us/
Recents
News
To
learn more about ARway, please follow on Social Media:
Twitter,
YouTube,
Instagram,
LinkedIn,
and Facebook,
and visit our website: www.arway.ai
About
ARway.ai
ARway is an AI-powered platform
that provides augmented reality experiences for indoor spaces. The
platform allows users to easily create experiences for navigation,
tours, information sharing, notifications, advertising, and
gamification. ARway leverages the power of mobile devices to create
environments that can improve visitor experience, boost employee
productivity, increase engagement, create new advertising space,
and boost revenues. Visitors can scan a QR code to access a venue
map, navigate to any point of interest with step-by-step
directions, learn information about those POIs, and interact with
rich AR content and experiences along the way. ARway has unlimited
use cases for augmenting physical spaces in the metaverse, making
it a valuable tool for creators, brands, and companies in various
industries. The complete ARway platform includes: the Web Creator
Studio, the ARwayKit
Software Development Kit (SDK) and a mobile app for iOs
and Android.
Nextech
3D.ai
On October 26, 2022, ARway.ai.
was spun-out from its parent Company, Nextech3D.ai (OTCQX: NEXCF)
(CSE: NTAR) (FSE: EP2). Nextech retained a control
ownership in ARway.ai. with 13 million shares, or a 50% stake.
Nextech3D.ai 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
Nextech3D.ai, visit
www.nextechar.com
For further information, please
contact:
Investor
Relations Contact
Julia Viola
investor.relations@arway.ai
ARway.ai
Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)
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.ai will not update any forward-looking statements or
forward-looking information that are incorporated by reference
herein, except as required by applicable securities
laws.
