21:27:30 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



ARway Corp
Symbol ARWY
Shares Issued 26,786,867
Close 2024-02-06 C$ 0.53
Market Cap C$ 14,197,040
Recent Sedar Documents

ARway rolls out Apple Vison Pro compatibility

2024-02-06 11:52 ET - News Release

Mr. Evan Gappelberg reports

ARWAY.AI THE SPATIAL COMPUTING COMPANY LAUNCHES APPLE VISION PRO COMPATIBILITY AND EARLY ACCESS FOR ARWAYKIT SDK

ARway Corp. has launched its compatibility with Apple's Vision Pro, alongside the revolutionary headset's recent release on Feb. 2. In addition, the company is now accepting submissions for their early access list for the ARwayKit SDK (software development kit) for the Apple Vision Pro. The user-friendly ARwayKit SDK will provide a cross-platform developer tool across iOS and RealityOS, enabling access to apps with location-persistent AR (augmented reality) content and immersive experiences across both headsets and smart phones.

Watch a video demonstration of ARway and Apple Vision Pro on-line.

After years of anticipation, ARway is thrilled to announce compatibility with the Apple Vision Pro -- a revolutionary device set to redefine augmented and mixed reality experiences. With Apple's Vision Pro, users can experience ARway's cutting-edge technology like never before with its hands-free capabilities. ARway leverages advanced spatial computing technology to merge the digital and physical worlds, enabling users to navigate and interact seamlessly. The Vision Pro form factor enhances the user experience, providing a hands-free approach to augmented reality, and making every interaction more immersive and engaging, making it a perfect fit with the ARway platform.

Evan Gappelberg, chief executive officer, commented: "The long-awaited, highly anticipated Apple Vision Pro AR glasses are finally here! We have been waiting for this moment for years and we knew eventually this moment would come. ARway's compatibility with the Vision Pro is game changer for the industry, marking the next step in hands-free immersive experiences that blend the physical and digital worlds. This is a huge opportunity for early investors to invest in the next multidecade multitrillion-dollar megatrend ... which is spatial computing and augmented reality technology." He continued: "ARway is purpose-built for the Vision Pro, and our company is perfectly positioned to capitalize on this opportunity and revolutionize the way consumers interact with digital information. The Vision Pro will augment the iPhone, and will obtain mass adoption in the years to come -- which will be a massive boost for the augmented reality industry. With ARway's technology and the Apple Vision Pro, indoor navigation will soon be as ubiquitous as outdoor navigation and we're excited to see ARway.ai out front as the shift unfolds."

The launch is accompanied by a new landing page on the ARway's website providing further information and details, and the company is also now accepting submissions for its early access list for the ARwayKit SDK for the Apple Vision Pro. The user-friendly ARwayKit SDK will provide a cross-platform developer tool across iOS and RealityOS, enabling access to apps with location-persistent AR content and immersive experiences across both headsets and smart phones.

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, which led to the delivery of optimal performance on iOS devices and the seamless integration into Apple's ecosystem.

When Apple announced the Apple Vision Pro would be available beginning Friday, Feb. 2, ARway began experiencing an increase in global interest and deals, as the Vision Pro has stoked demand for ARway's spatial computing and augmented reality navigation platform. Since then, ARway has signed multiple new deals, including Suteki, Walk.app, African Technopreneeurs, F3 Geomatic, Localiza and more. ARway's technology has various use cases across a multitude of industries, including stadiums and venues, events and trade shows, retail, museums, hospitality, real estate, universities, hospitals, and more.

Shares for services

The company also announces today that in order to manage its cash flow and reduce or possibly eliminate its dependency of raising capital for payroll, it has renewed its share purchase warrant program that was originally announced last year, pursuant to which it will issue an aggregate of 1,270,074 share purchase warrants to its service providers in connection with their employment and/or consulting arrangements with the company. Each warrant will be exercisable to acquire one common share of the company at an exercise price of 53 cents for a period of one year. The warrants will be automatically exercised in equal monthly tranches on a pro rata basis over the term of the warrants, and the exercise price will be satisfied by the monthly salaries otherwise payable by the company to the recipients of the warrants. Upon exercise, the recipients of the warrants may opt to either receive the underlying shares, or participate in a managed sale program to sell the underlying shares on the open market and receive the cash proceeds. Any shortfall as a result of participation in such a managed sale program will be financed by the company.

Recent news:

  • ARway, the spatial computing platform, to present at small-cap growth virtual investor conference Feb. 7;
  • ARway, the spatial computing platform, signs new deal with Saudi Arabian agency for AR navigation;
  • ARway announces Localiza Rent a Car extends its contract after its successful airport deployment of AR navigation.

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, and a mobile app for iOs and Android.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.