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ARway Corp
Symbol ARWY
Shares Issued 26,629,554
Close 2023-01-05 C$ 1.44
Market Cap C$ 38,346,558
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ARway releases spatial computing SDK update

2023-01-05 10:29 ET - News Release

Mr. Evan Gappelberg reports

ARWAY CORP ANNOUNCES MAJOR SDK UPGRADES TO ITS SPATIAL COMPUTING PLATFORM FOR AR WAYFINDING IN THE METAVERSE

ARway Corp. has released a significant upgrade to its spatial computing software developer kit (SDK) with version 2.0. Launching the SDK and its latest updates contributes to the expansion of ARway as a major player in the spatial computing and wayfinding market.

The launch of the V2.0 SDK marks the completion of the last major component of the AR wayfinding and spatial computing platform. The full ARway platform offering consists of the ARway app for spatial mapping, the creator portal for content management and analytics, and the ARwayKit SDK for custom apps and integrations. The ARway SDK is being offered as a SaaS (software-as-a-service) platform or can be used in limited ways for free with the ARway watermark.

Evan Gappelberg, ARway chief executive officer, comments: "We believe that spatial computing is where the Internet was in the mid-1990s and that it's the next big advancement in computing technology. Today's V2.0 SDK release is loaded with major technological advancements, including occlusion, persistent localization, dynamic wayfinding and much more."

He continues, "I couldn't be more excited about the work that our team is doing as we are pushing the limits of what's possible in the metaverse with AR wayfinding in a no-code, beaconless spatial computing platform."

The ARwayKit SDK V2.0 out-of-box features include:

  • Platform economies: Seamless integration with the creator portal and ARway app;
  • Easy set-up: Sample scene and multiple tutorials;
  • Seamless integration: REST APIs (representational state transfer application programming interfaces) that work with any device;
  • Cross-platform: Capable of running on both Android and iOS;
  • Persistent: Localization for AR experiences anchored in place;
  • Occlusion: Occlusion of AR content with objects and humans;
  • Intelligent wayfinding: Dynamic AR navigation and guidance;
  • Customization: Customize experiences with interactive elements;
  • Privacy-focused: Built from the ground with customer and user privacy in mind;
  • Analytics: Optimize with actionable data.

The ARwayKit SDK V2.0 enables developers and major brands to seamlessly bring the game-changing technology of ARway's spatial computing platform directly into their apps. The next-generation augmented reality enhanced user experience provided by ARway can be branded, customized and tailored for industry-specific use cases and take existing 2-D mobile applications into the metaverse with 3-D content and AR wayfinding.

V2.0 SDK benefits include:

  • Increasing customer lifetime value (CLV), as embedding the ARway SDK into their apps enables customers to benefit from the AR wayfinding and spatial computing capabilities, without having to invest money and resources to build them out in-house;
  • Increasing customer adoption and retention rate, as leveraging the ARway SDK significantly improves customers' developers experience and allows them to launch their apps faster to market;
  • Growing ARway's end-user base exponentially, as customers' platform end-users ultimately become the end-users of the SDK;
  • Growing ARway's market share, as the SDK ultimately becomes a component of any platform/app it gets embedded into within the corresponding industry;
  • Standardizing the user experience for all customers and ensuring their access to the latest features and updates;
  • Generating revenue, by enabling customers to market products and services by leveraging the SDK.

Some of ARway's applications include:

  • In-store retail: Product wayfinding to shelves and storage for customers and staff by integrating inventory management systems and planograms to provide an in-store digital concierge to customers;
  • Shopping malls: Spatial marketing campaigns and targeted advertising to visitors while wayfinding by integrating marketing automation and loyalty management systems;
  • Hospitals: Provide personalized wayfinding to appointments for patients by integrating appointment booking systems;
  • Real estate: AR-powered property showings that empower prospective tenants and buyers to tour the property independently without a Realtor, while still receiving all the necessary information via audio annotation and AR hot spots;
  • Stadiums: Augmented reality navigation from the car to the seat with wayfinding anywhere in the arena, sponsored activations and ads in the airspace, AR treasure hunts, AR hall of fame, and more;
  • Trade shows: Personalized wayfinding to event attendees by integrating event exhibitor and session scheduling systems. Lead tracking and sponsored content by integrating with event management and CRM (customer relationship management) systems;
  • And continuing to uncover new uses cases and features.

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, multipurpose venues enabled by marker-based tracking using QR codes. Visitors can access a venue map by scanning a QR code with their smart phone 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 3-D/AR technology solutions to new substantial markets, for use by creators, brands and companies.

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