ARway.ai Announces Large Rental Car Company Extends Its Contract After Its Successful Airport Deployment of AR Navigation S.A.
January 18 2024 - 10:00AM
via IBN -- ARway.ai (“ARway” or the “Company”) (CSE: ARWY), (OTC:
ARWYF) (FSE: E65) is an AI powered Augmented Reality Experience
platform with a disruptive no-code, no beacon spatial computing
solution enabled by visual marker tracking with centimeter
precision is pleased to announce its contract has been extended
after the successful completion of a pilot deployment at Congonhas
Airport in São Paulo, in partnership with Localiza Rent a Car S.A.,
the largest car rental network in South America. This deployment,
completed in December 2023, marks a significant milestone in
enhancing the travel experience for car rental customers. Localiza
Rent a Car (LZRFY) is the largest car rental network in South
America, with 540 locations in 9 countries. In recognition of the
successful deployment and the potential benefits to the customer
experience, Localiza has extended its contract with ARway.ai for
2024 on a subscription-based model. This extension underscores the
confidence in ARway's technology and its alignment with Localiza's
vision of delivering a differentiated customer experience. CEO Evan
Gappelberg commented, “We are thrilled with the successful
deployment of ARway's navigation technology at Congonhas Airport,
in collaboration with Localiza. This accomplishment not only
signifies a major leap in airport navigation technology but also
underscores the scalable potential of ARway's solutions in global
markets. For our investors, this represents an exciting
opportunity. This is more than just a technological advancement;
it's a strategic expansion into new markets and sectors. Our
investors should be excited about this because we are not only
redefining the way people navigate spaces but also paving the way
for ARway's technology to become an integral part of daily life
across various industries. The success at Congonhas Airport is a
first step in widespread adoption and potential of indoor AR
navigation, promising significant returns and growth opportunities
in the future.” As part of its ongoing commitment to improving
customer satisfaction, Localiza has commissioned a consumer
research organization in Brazil to conduct a comprehensive survey
starting Friday, 19 January 2024. This survey aims to evaluate the
efficacy and user experience of ARway's technology at Congonhas
Airport. Participants in the survey will be offered a discount
voucher from Localiza, encouraging widespread participation and
engagement. The project is slated to run for 30-90 days or until a
statistically significant dataset of respondents is achieved. This
data will enable Localiza and ARway to derive detailed insights and
analysis on the usage and impact of the AR navigation system. The
original contract between ARway.ai and Localiza was announced in
August 2023, signifying a major step in integrating indoor AR
navigation across major airports in Latin America. The initial
phase of this project commenced at Congonhas Airport, São Paulo, as
a pilot in February 2023. This innovative technology has since
proven to be a game-changer in navigating airports, significantly
aiding travelers from baggage pickup to their transportation depot,
which includes car rentals and other transport services. Watch a
demo video of an indoor AR activation at an airport using ARway’s
technology: click here to watch The ARway platform revolutionizes
the traditional airport navigation experience through its
cutting-edge spatial computing technology. By creating a 3D map of
the airport, passengers can quickly and intuitively find terminals,
gates, and other key locations. The platform's inclusion of voice
commands and other user-friendly features has elevated it as a more
efficient and convenient option compared to conventional navigation
methods. As this project progresses, ARway.ai and Localiza Rent a
Car continue to demonstrate their commitment to leveraging
technology for enhancing customer experiences at airports. Their
partnership stands as a testament to the innovative application of
AR in everyday scenarios, paving the way for further advancements
in this field.
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About
ARway.ai ARway.ai (CSE: ARWY) (OTCQB: ARWYF) (FSE: E65) is
a spatial computing platform powered by artificial intelligence
(AI) providing an array of augmented reality (AR) experiences for
indoor spaces. ARway's breakthrough no-code no-beacon IPNN allows
for the easy creation of navigation, tours, information sharing,
notifications, advertising and gamification. ARway works seamlessly
as a cross platform solution on iOS/ Android. ARway's technology is
optimized for both mobile devices and AR glasses: Apple's Vision
Pro, Magic Leap and Microsoft's HoloLens. ARway has unlimited use
cases for augmenting physical spaces, 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: 1SS). Nextech retained a control
ownership in ARway.ai. with 13 million shares, or a 50% stake.
Nextech3D.ai is a Generative AI powered 3D modeling 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.
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