20:13:02 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



ARway Corp
Symbol ARWY
Shares Issued 26,786,867
Close 2024-01-09 C$ 0.25
Market Cap C$ 6,696,717
Recent Sedar Documents

ARway talks augmented reality demand

2024-01-10 11:32 ET - News Release

Mr. Evan Gappelberg reports

ARWAY.AI SEEING INCREASE IN GLOBAL DEALS AS APPLE VISION PRO LAUNCH STOKES DEMAND FOR ITS AUGMENTED REALITY NAVIGATION PLATFORM

ARway Corp.'s ARway.ai is seeing an increase in global demand for its augmented reality platform in anticipation of the launch of Apple's Vision Pro Feb. 2, 2024. ARway.ai currently has over 3,800-plus total accounts, with 4,400-plus maps created and 43-plus pilots and trials. Demand for ARway is accelerating in from around the world for various use-cases and industries looking to leverage the company's groundbreaking augmented reality and spatial computing technology.

Notable new deals

Suteki, Sweden

Suteki Interactive is a studio based in Sweden specializing on extended reality experiences for leading brands across Europe looking to add AR navigation into their offerings. Suteki creates visual and interactive solutions that are suitable for a number of different areas from marketing and events to simulation and interactive training. Its notable client list includes Samsung, BMW, Whirlpool, AMD, Fiat and more.

Walkk.app, Oman

Walkk.app is an Internet technology consultant based in Oman integrating ARway with public services systems in museums and convention centres.

African Technopreneurs, South Africa

African Technopreneurs is an XR developer and hardware reseller in South Africa looking to add AR navigation solutions to its offerings. Its mission is to connect consumers with virtual reality (VR), augmented reality (AR) and mixed reality (MR) solutions in Southern Africa and the African continent delivering these VR, AR and MR tech solutions and training to companies, educational establishments and individuals.

Apple Vision Pro

In September, 2023, ARway announced the company was selected to participate at Apple's Vision Pro Developer Labs in Cupertino, Calif. As a result, ARway completed a first build of the ARway platform on Apple's Vision Pro hardware and realityOS operating system. ARway currently delivers optimal performance on iOS devices and will seamlessly integrate into Apple's ecosystem.

Apple announced Apple Vision Pro will be available beginning Friday, Feb. 2, at all U.S. Apple Store locations and the U.S. Apple Store on-line.

Chief executive officer Evan Gappelberg commented: "The long-awaited Apple AR glasses are here! We have been waiting for this moment since 2019 and I'm extremely excited to announce that it has finally arrived. I see this as an enormous opportunity for early investors to participate in the next big thing ... augmented reality and spatial computing technology. ARway is purpose built for the Vision Pro launch."

The consumer adoption of Apple Vision Pro will be a massive boost for the augmented reality industry, opening up a new market opportunity for ARway's technology as the company is a software solution provider for the Apple Vision Pro. ARway.ai's use cases in indoor navigation and recent efforts have focused precisely on AR glasses integration, aligning the company's vision and execution with the industry shift to 3-D/AR.

Recent tech updates

As announced last month, ARway recently launched Version 2.7, marking a significant leap forward in its spatial mapping capabilities. This latest version introduces a new enhanced AI-powered process that automates the creation of 400,000 square feet 3-D spatial maps from 2-D floor plans, significantly improving ARway's platform performance for enterprises and developers. The deployment of this technology at Congohas Airport, Brazil, and a prominent shopping destination in South Africa, showcases its global applicability and scalability.

About ARway.ai

ARway.ai 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.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-per-cent stake. Nextech3D.ai is a generative AI powered 3-D modelling company and leading provider of augmented reality experience technologies and 3-D model services.

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