20:13:52 EDT Sun 28 Apr 2024
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ARway Corp
Symbol ARWY
Shares Issued 26,786,867
Close 2024-03-18 C$ 0.40
Market Cap C$ 10,714,747
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ARway's ARway.ai signs AR tech deal with EWROS

2024-03-19 11:00 ET - News Release

An anonymous director reports

ARWAY.AI ANNOUNCES EWROS AS NEW PARTNER IN TURKEY FOR ITS AUGMENTED REALITY NAVIGATION EXPERIENCE PLATFORM

ARway Corp.'s ARway.ai has signed a paid partner deal with EWROS, a leading developer of automation systems software based out of Turkey. This new partner is another step in ARway.ai's expansion, aligning with EWROS's recognized position in the region as a premier automation solutions provider.

EWROS becomes an integral part of the ARway ecosystem, licensing ARway's innovative platform for large-scale projects within the region. This partnership allows EWROS to leverage ARway's cutting-edge AR technology in conjunction with its existing IoT deployments, thereby offering a comprehensive tech stack to its clientele.

EWROS selected ARway for its unique value propositions, including low maintenance costs, absence of hardware requirements and ease of customer integration, effectively leapfrogging existing hardware-based deployment ecosystems. This strategic decision opens new revenue streams for EWROS, enhancing its service offering within its customer base.

Last week, ARway.ai announced the launch of ARway V3.0, a groundbreaking update to its spatial computing platform providing augmented reality navigation and immersive experiences. The ARway V3.0 update introduces a host of innovative features designed to enhance navigation accuracy, user engagement and content creator flexibility.

A highlight of this partnership with EWROS is the forthcoming deployment of ARway's technology in a major furniture retail chain in Turkey. This marks a shift from traditional radio-frequency identification systems to advanced AR-based wayfinding solutions, revolutionizing navigation experiences for employees and customers alike in retail and warehouse settings. While RFID will continue to manage inventory, ARway's technology will enable indoor augmented reality wayfinding technology and enhance operational efficiencies.

This partnership builds upon ARway's series of recent new partnerships with leading innovators in the industry, Holition.com, 3D Marx and Aigentless, showcasing the company's growing influence across various industries. The alliance with EWROS not only extends ARway's geographical reach but also solidifies its position as a comprehensive solution provider in the augmented reality landscape.

About EWROS

EWROS specializes in creating state-of-the-art automation systems, providing comprehensive control and cost-effective solutions for companies engaged in the production process.

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 IPN 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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