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ARway Corp
Symbol ARWY
Shares Issued 26,786,867
Close 2023-08-14 C$ 0.61
Market Cap C$ 16,339,989
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ARway enters AR pilot with California shopping mall

2023-08-15 10:00 ET - News Release

Mr. Evan Gappelberg reports

ARWAY.AI ENTERS PILOT WITH ONE OF THE LARGEST SHOPPING MALLS IN CALIFORNIA

ARway Corp. has entered a new paid-for pilot contract with one of Southern California's most popular shopping, dining and entertainment lifestyle destinations. The paid pilot is for navigation and augmented reality experiences in the centre comprising 1.2 million square feet, and more than 130 stores and restaurants. The pilot is expected to last 90 days and upon the successful completion of the pilot a full rollout and annual six-figure contract would ensue.

ARway chief executive officer Evan Gappelberg commented: "We are excited to announce this new pilot contract with one of Southern California's most popular retail destinations. This is another significant milestone for ARway.ai as we bring our cutting-edge indoor navigation and augmented reality experiences to this massive space which sprawls over 1.2 million square feet. This project showcases ARway's technology and ability to deliver seamless navigation solutions across expansive areas and upon the successful completion of this pilot and rollout we anticipate this key account to open the doors for more malls."

The company has recently signed multiple paid-for pilot programs, having recently signed on one of India's leading brand design agencies as well as a Middle East-based technology company. These pilot programs range in cost from $5,000 to $15,000 and are expected to last a few months and then lead to annual sales contracts.

About ARway Corp.

ARway 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.

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