ARway
Secures Multiple New SDK Deals to Drive Growth in $44B Indoor
Positioning and Navigation Market
Company to target new key market segments
identified as high growth opportunities
TORONTO,
O.N, Canada -- March 30, 2023 -- InvestorsHub NewsWire
-- ARway
Corporation ("ARway"
or the "Company") (CSE:
ARWY), (OTC:
ARWYF) (FSE: E65) is an AI-powered augmented reality experience
platform for indoor spaces with a disruptive no-code, no beacon
spatial computing solution with centimeter precision. , is pleased
to announce the Company has signed five new deals for its Software
Development Kit (SDK), which showcases the increasing demand for
this disruptive technology. Since the SDK was released on January
31, 2023 the Company has been experiencing a wave of demand from
resellers, enterprise corporations and brands. These SDK deals range in
size from $9,000-$15,000 based on the usage of the platform, and
are within various industries representing a wide range of use
cases for ARway technology.
ARway CEO Evan
Gappelberg commented, "We are continuing to build
a solid foundation of customers, pilot projects and new use cases
which target several key market segments like , Universities,
Museums, Shopping Malls, Stadiums and others that we've identified
as high growth opportunities for ARway." He
continued, "We are now custom
tailoring our pricing to the way these customers use our solutions,
which we believe will increase our penetration and accelerate the
adoption in these markets."
New Deals Highlights:
- Vellore Institute of Technology - Education /
using campus wayfinding in a university in India
- Wicked Interactive Storytelling – Tourism /
using AR contextual content for engaging tourists on holiday
sites
- Intron – Based in MENA. Using ARway in
Universities for Wayfinding and Guided tours
- DQ Turkey - Based in MENA. Using ARway in
Airports & Universities for Wayfinding and Guided tours
- LeLaboDigital - SDK Partner - Is a software
development agency in Lebanon who are looking to add AR wayfinding
to their service offerings
These SDK deals
range in size from $9,000-$15,000 based on the usage of the
platform, and are within various industries representing a wide
range of use cases for ARway technology. 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.
Pricing Has 3-Tiers:
The first tier
has been built for digital marketing agencies, content creators,
and mobile apps. developers who often work on a "campaign"
basis. These customer types will
be able to build and launch their campaigns, paying only when they
are activated.
Another tier
has been created specifically for large, enterprise accounts that
wish to deploy their Augmented Reality experiences across multiple
locations or properties. Pricing for this customer
type will be very appealing, scale according to size, and deliver
long lasting value. Finally, a pricing tier for
the Education market has been introduced that will make campus-wide
deployment of Augmented Reality experiences more
accessible. The Company is planning to
introduce features and capabilities, unique to each market segment,
over time to complement these pricing tiers and further
differentiate its offerings.
About
ARway Corp
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.
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:
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
Investor
Relations Contact
Julia Viola
investor.relations@arway.ai
ARway
Corporation
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
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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