20:43:45 EDT Mon 06 May 2024
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ARway Corp
Symbol ARWY
Shares Issued 26,786,867
Close 2023-06-06 C$ 0.74
Market Cap C$ 19,822,282
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ARway congratulates Apple on Apple Vision Pro headset

2023-06-06 13:28 ET - News Release

Mr. Evan Gappelberg reports

ARWAY.AI CONGRATULATES APPLE ON ITS INDUSTRY LEADING "APPLE VISION PRO" AUGMENTED REALITY HEADSET

ARway Corp. is congratulating Apple on its release of its Apple Vision Pro headset. ARway currently provides software solutions compatible with other AR (augmented reality) headsets, such as Magic Leap 2 and HoloLens 2, and intends to distribute its groundbreaking indoor navigation and 3-D technology with the Apple ecosystem. It is anticipated that adoption of Apple Vision Pro will be a massive boost for the augmented reality industry, opening up a large new market opportunity for ARway's technology. ARway is a provider of the software solution for the Apple Vision Pro.

ARway commends Apple for the move into manufacturing for what is now the industry-leading headset for augmented reality packed with massive spatial computing power, ergonomics and improvements in user experience. Apple's visionOS operating system natively supports the Unity 3D engine and RealityKit (formally ARkit), enabling ARway to seamlessly distribute its technology through existing and new applications in iOS.

According to Statista, Apple claimed a 20.5-per-cent share of the global smart phone market in the first quarter of 2023. With Apple being a premier provider of smart phones, the Apple Vision Pro is anticipated to be an industry-leading AR headset, with technological breakthroughs as the first ever wearable spatial computer. ARway currently performs best on iOS devices and will seamlessly integrate with Apple's ecosystem.

ARway chief executive officer Evan Gappelberg commented: "Today marks the dawn of a new era in computing and computer vision technology. Augmented reality is already going mainstream, but now with Apple's Vision Pro glasses the value proposition of AR has increased dramatically. With our no-code, no-hardware AR platform we believe ARway is the killer application for enterprise." He continued, "Before Apple Vision Pro we already have dozens of pilot projects and use cases, but now with Vision Pro we expect our business to jump into hyperdrive."

ARway is the only large-scale location-persistent AR platform for indoor spaces today. Headset manufacturers and clients looking to implement headsets are very interested in using ARway's technology. ARway's technology enables the accurate positioning of these headsets in GPS-devoid environments and allows the rendering of AR content that is location persistent for the end-user. This means that the technology can be used in any environment, opening up immersive use cases where the hands-free capabilities of the user are important.

About ARway Corp.

ARway is an artificial-intelligence-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.

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