ARway Corp Launches Augmented
Reality Wayfinding Pilot In 400,000 Sq Ft Mall
Company Has
begun Testing Programmatic AR Ads In Wayfinding For
Brands
TORONTO,
O.N., Canada -- December 12, 2022 -- InvestorsHub NewsWire
-- ARway
Corporation ("ARway" or
the "Company") (CSE:
ARWY), (OTC:
ARWYF) (FSE: E65) is disrupting the Augmented Reality
Wayfinding market with a no-code, no beacon spatial computing
platform enabled by visual marker tracking. The Company is pleased
to announce it has successfully spatially mapped a 400,000 sq ft
mall for a pilot project that is underway, showcasing the Company's
breakthrough augmented reality indoor wayfinding solution. If the
Pilot is successful it's anticipated that the ARway solution will
be rolled out to over a dozen additional malls controlled by this
same company.
Evan Gappelberg, CEO of ARway,
comments "We anticipate having over 100 pilot programs in play over
the coming months which is extremely positive since I expect a
conversion of 90%+ into multi-year contracts." He
continues,
"Our pilot programs
are
paid-for programs which can last
anywhere from 30-90 days. These pilot programs are starting to
happen on a global scale and represent just the beginning of
ARway's wayfinding journey".
Today's pilot
announcement relates to a large property group owner looking to
elevate the visitor experience at their chain of malls with
immersive AR experiences. After researching the market they
selected ARway's solution for the superior Augmented Reality
enhanced wayfinding user experience and simplicity of
implementation. They are running the pilot spread out on over
400,000 sq ft which is just at one of their properties. The mall is
a community-oriented shopping, lifestyle and entertainment
destination, home to 53 international brands.
The goals of the
pilot are to:
-
Provide a 'digital
concierge' to visitors with AR navigation to shops and
amenities
-
Develop a programmatic AR ad
service for brands and tenants.
-
Monetize the malls 'air space'
with AR banners and promotions, exclusive offers and AR
gamification.
-
Collect analytics data, test
visitor behaviour and adoption
-
Develop a robust
implementation plan across other shopping malls and
stores
ARway's is engaged in a number of
substantial pilot project discussions which are expected to be
announced shortly. These pilot programs span several countries
across the globe and include multiple industries; retail,
university campuses, museums, and airports, showcasing ARway's wide
range of applications.
The ARway offering has an
unlimited number of use cases for augmenting physical spaces in the
metaverse, consisting of indoor navigation with AR activations,
which significantly improves visitor experiences in large and
complex spaces.
According
to research fom Technavio, "the global indoor positioning and indoor
navigation (IPIN) market size will grow by USD 23.03 billion from
2020 to 2025, and the growth momentum of the market will accelerate
at a CAGR of 33.21% during the forecast period." The market growth
will be led by North America, as this region will account for 40%
of the market's growth during the forecast period. This represents
a substantial revenue opportunity for ARway as it aims on becoming
the leading service provider for indoor navigation across all
industries.
To
learn more about ARway, please follow on Social Media:
Twitter,
YouTube,
Instagram,
LinkedIn,
and Facebook,
and visit our website: www.arway.ai
For further information, please
contact:
Investor
Relations Contact
Julia Viola
investor.relations@arway.ai
ARway
Corporation
Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)
About ARway
Corp
ARway is a no-code spatial
computing platform for the real-world Metaverse. It enables
AR-enhanced indoor navigation and wayfinding solutions for large,
multi-purpose venues enabled by marker-based tracking using QR
codes. Visitors can access a venue map by scanning a QR code with
their smartphone upon entering the venue to navigate to any Point
of Interest (POI) with step by step directions, learn information
about those POIs, and interact with rich AR content and experiences
along the way.
The ARway offering has an
unlimited number of use cases for augmenting physical spaces in the
metaverse, consisting of indoor navigation with AR activations to
improve the visitor experience in large and complex spaces. With
value propositions spanning multiple industries and use cases,
ARway leverages Nextech's 3D/AR technology solutions to new
substantial markets, for use by creators, brands, and
companies.
The ARway Platform Includes:
Web
Creator Platform
The
Web-Based Creator Platform provides 'advanced' authoring
capabilities compared to the mobile app, including the ability for
creators to upload their own OBJ/GLB files, and create their own 3D
objects. Placing content in a large area using only mobile app
required the user to physically be in the specific location which
was unscalable. The web studio allows the user to place and author
content remotely and at scale.
Mobile
App
With
the ARway mobile app, anyone can spatially map their location
within minutes using their smartphone, and populate it with
interactive 3D content, augmented reality wayfinding, audio, text,
images, and more. Nextech AR provides several pre-loaded 3D objects
which creators can leverage to populate their metaverse.
Download
the Mobile App
Apple
iOs -
click here
Google
Play Store -
click here
ARwayKit
SDK
The
Software Development Kit contains code libraries and API
information that allows developers to build their own white label
& private label mobile apps on both iOs and Android leveraging
ARway's technology and creator tools to build AR wayfinding and
spatial experiences. Creators will be able to develop white label
and private label apps and access ARway APIs to author maps using
the Web Creator Portal. The SDK features the latest and greatest of
the ARway mobile app.
Nextech AR
Solutions
On October 26, 2022, ARway Corp.
was spun-out from its parent Company, Nextech AR Solutions (OTCQB:
NEXCF) (CSE: NTAR) (FSE: EP2). Nextech AR retained a control
ownership in ARway Corp. with 13 million shares, or a 50% stake.
Nextech AR Solutions is a Metaverse Company and leading provider of
augmented reality ("AR") experience technologies and 3D model
services. Nextech's AI-powered 3D modeling platform, "ARItize3D"
has contracts with; AMZN, KSS, CB2, Genuine Parts & many
others. To learn more about Nextech
AR, visit
www.nextechar.com
Forward-looking
Statements
The CSE has not
reviewed and does not accept responsibility for the adequacy or
accuracy of this release.
Certain
information contained herein may constitute "forward-looking
information" under Canadian securities legislation. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as, "will be" or variations of
such words and phrases or statements that certain actions, events
or results "will" occur. Forward-looking statements regarding the
completion of the transaction are subject to known and unknown
risks, uncertainties and other factors. There can be no assurance
that such statements will prove to be accurate, as future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements and forward-looking information. ARway
Corp. will not update any forward-looking statements or
forward-looking information that are incorporated by reference
herein, except as required by applicable securities
laws.
Arway (CSE:ARWY)
Historical Stock Chart
From Mar 2024 to Apr 2024
Arway (CSE:ARWY)
Historical Stock Chart
From Apr 2023 to Apr 2024
