Mr. Evan Gappelberg reports

ARWAY.AI ANNOUNCES LOCALIZA RENT A CAR EXTENDS ITS CONTRACT AFTER ITS SUCCESSFUL AIRPORT DEPLOYMENT OF AR NAVIGATION

ARway Corp.'s contract has been extended after the successful completion of a pilot deployment at Congonhas Airport in Sao Paulo, in partnership with Localiza Rent a Car SA. This deployment, completed in December, 2023, marks a significant milestone in enhancing the travel experience for car rental customers. Localiza Rent a Car (LZRFY) is the largest car rental network in South America, with 540 locations in nine countries.

In recognition of the successful deployment and the potential benefits to the customer experience, Localiza has extended its contract with ARway.ai for 2024 on a subscription-based model. This extension underscores the confidence in ARway's technology and its alignment with Localiza's vision of delivering a differentiated customer experience.

Evan Gappelberg, chief executive officer, commented: "We are thrilled with the successful deployment of ARway's navigation technology at Congonhas Airport, in collaboration with Localiza. This accomplishment not only signifies a major leap in airport navigation technology but also underscores the scalable potential of ARway's solutions in global markets. For our investors, this represents an exciting opportunity. This is more than just a technological advancement -- it's a strategic expansion into new markets and sectors. Our investors should be excited about this because we are not only redefining the way people navigate spaces but also paving the way for ARway's technology to become an integral part of daily life across various industries. The success at Congonhas Airport is a first step in widespread adoption and potential of indoor AR [augmented reality] navigation, promising significant returns and growth opportunities in the future."

As part of its continuing commitment to improving customer satisfaction, Localiza has commissioned a consumer research organization in Brazil to conduct a comprehensive survey starting Friday, Jan. 19, 2024. This survey aims to evaluate the efficacy and user experience of ARway's technology at Congonhas Airport. Participants in the survey will be offered a discount voucher from Localiza, encouraging widespread participation and engagement.

The project is slated to run for 30 to 90 days, or until a statistically significant dataset of respondents is achieved. This data will enable Localiza and ARway to derive detailed insights and analysis on the usage and impact of the AR navigation system.

The original contract between ARway.ai and Localiza was announced in August, 2023, signifying a major step in integrating indoor AR navigation across major airports in Latin America. The initial phase of this project commenced at Congonhas Airport, Sao Paulo, as a pilot in February, 2023. This innovative technology has since proven to be a game-changer in navigating airports, significantly aiding travellers from baggage pickup to their transportation depot, which includes car rentals and other transport services.

The ARway platform revolutionizes the traditional airport navigation experience through its cutting-edge spatial computing technology. By creating a 3-D map of the airport, passengers can quickly and intuitively find terminals, gates and other key locations. The platform's inclusion of voice commands and other user-friendly features has elevated it as a more efficient and convenient option compared with conventional navigation methods.

As this project progresses, ARway.ai and Localiza Rent a Car continue to demonstrate their commitment to leveraging technology for enhancing customer experiences at airports. Their partnership stands as a testament to the innovative application of AR in everyday scenarios, paving the way for further advancements in this field.

About ARway Corp.

ARway is a spatial computing platform powered by artificial intelligence providing an array of augmented reality 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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