Mr. Evan Gappelberg reports

ARWAY.AI ANNOUNCES MAJOR WIN AS IT LANDS A CONTRACT WITH SECOND LARGEST ACADEMIC INSTITUTION IN TURKEY

ARway Corp. (ARway.ai) has a newly signed contract with Suleyman Demirel Universitesi, situated in Isparta, Turkey. The university currently has approximately 70,000 students enrolled, making it the second-largest academic institution in Turkey. This new contract has two phases, with phase 1 starting at around $10,000 and phase 2 worth six figures annually. This contract comes shortly after the recent announcements that ARway.ai has signed a multiyear contract with Localiza, the largest car rental network in South America, and a phased rollout with one of the largest shopping malls in California.

This contract has two phases, beginning with adding AR indoor navigation that improves orientation and visitor experience. This innovative technology aims to revolutionize the way visitors interact with and navigate through indoor environments within the university campus. Newly enrolled university students will get to know their new campuses much faster and integrate through ARway. Disabled students will be also able to use alternative routes seamlessly within the school. The second phase will integrate with the central university management software and support the student information system. This integration represents a significant advancement in the overall functionality, as it will allow for the synchronization of critical data and processes. By integrating with the central university management software, this will provide real-time information regarding class schedules, campus events, academic updates and student-related data.

Evan Gappelberg, chief executive officer of ARway, commented: "We are very excited to be working with yet another large enterprise customer. We are seeing strong business momentum both on the enterprise side of the business as well as the SaaS developer side." He continued, "I am expecting that this momentum picks up even more as we enter into 2024 and when Apple's Vision Pro is launched."

This news comes shortly after the recent announcements that ARway has signed a multiyear contract with Localiza, the largest car rental network in South America, and a pilot deal with one of the largest shopping malls in California. Localiza was originally announced in February, 2023. This pilot initially launched ARway's navigation technology at a single international airport in Sao Paulo, Brazil, allowing travellers to easily find their way around the airport, saving them time and effort as they navigate to the rental car branch. This program includes AR navigation from baggage pickup to the transport depot, which includes car rentals, bus stops, Uber etc.

The pilot with one of Southern California's most popular shopping, dining and entertainment lifestyle destinations 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.

About Suleyman Demirel University

Suleyman Demirel University is a public university situated in Isparta, Turkey. The university was founded in 1992 and currently has approximately 70,000 students enrolled, making it the second-largest academic institution in Turkey. SDU is renowned for its exceptional programs in agricultural research, medicine, engineering and business sciences.

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.

Nextech 3D.ai

On Oct. 26, 2022, ARway was spun out from its parent company, Nextech3D.ai. Nextech3D.ai retained a control ownership in ARway with 13 million shares or a 50-per-cent stake. Nextech3D.ai is a metaverse company and leading provider of AR experience technologies and 3-D model services. Nextech3D.ai's AI-powered 3-D modelling platform, ARitize3D, has contracts with AMZN, KSS, CB2, Genuine Parts and many others.

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