ARway
The Spatial Computing platform for The Metaverse Announces Multiple
Pilot Projects for AR Wayfinding
ARway SDK
Gaining Momentum in the $23 Billion Wayfinding Market
TORONTO,
O.N, Canada – January 20, 2022 -- 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 spatial computing
platform enabled by visual marker tracking. ARway is pleased to
announce the Company has signed multiple pilot projects for
augmented reality indoor wayfinding and is now experiencing a surge
in demand for its AR wayfinding services. Once converted to
long-term contracts, these pilot programs have significant revenue
implications for the Company.
ARway's pilot projects span
several countries across the globe and include multiple industries
including retail, university campuses, museums, and airports,
showcasing the wide range of applications of ARway.
The pilot projects are as
follows:
- Large Hospital Group - ARway will deploy
augmented reality wayfinding within a single 3-story hospital
covering over 30,000 sq ft. This pilot project has the potential to
rollout to 200 hospitals within the same hospital group.
- Spain Airport - In this airport,
passengers will be able to use AR wayfinding from the arrival gate,
to baggage claim to transportation depot using image tracking
technology. This pilot project will be using ARwayKit SDK to
integrate AR wayfinding into the transportation provider's mobile
app. Watch a video showcasing the pilot project - click
here
- Brazil Airport - In this airport,
passengers will use AR wayfinding to the ground transportation
depot from baggage claim. The ARwayKit SDK will integrate AR
wayfinding into a car rental company's mobile app.
- 400,000 sq ft Dubai Mall - As announced
on December 12, 2022, ARway successfully spatially
mapped a 400,000 sq ft mall for a pilot project, showcasing the
Company's breakthrough augmented reality indoor wayfinding
solution. If the pilot is successful, it's anticipated that the
ARway solution will be rolled out into a dozen+ additional malls
controlled by the same ownership company. With ARway's technology,
implementation will include a digital concierge with augmented
reality wayfinding and marketing campaigns. This pilot will test
the adoption of AR enhanced wayfinding, gamification and marketing
content by mall visitors.
Evan Gappelberg, CEO of ARway,
commented, "We are fielding a steady flow of requests from Fortune
500 companies and have now started to hire an enterprise sales
force to help address this rapidly growing demand. We expect to
have over 100+ pilot programs in play over the coming months and
expect many to convert into full-scale projects." He continued, "We
are working on large individual projects that, once commercialized,
can generate as much as $250,000/month in MRR or $3 million in ARR.
As we book these pilot programs and listen to the customers' needs,
we are convinced that ARway will become the de facto standard for
AR wayfinding in 2023. We are extremely excited to have so much
early demand, as we are just at the beginning of ARway's wayfinding
journey."
The ARway offering has an
unlimited number of use cases for augmenting physical spaces in the
metaverse, consisting of indoor navigation with AR activations,
which significantly improves visitor experiences in large and
complex spaces.
According to research fom Technavio, "The global indoor positioning and indoor
navigation (IPIN) market size will grow by USD 23.03 billion from
2020 to 2025, and the growth momentum of the market will accelerate
at a CAGR of 33.21% during the forecast period." The market growth
will be led by North America, as this region will account for 40%
of the market's growth during the forecast period. This represents
a substantial revenue opportunity for ARway as it aims on becoming
the leading service provider for indoor navigation across all
industries.
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.
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