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ARway Corporation (ARWYF) is an AI-powered Augmented Reality Experience platform that offers a disruptive no-code, no beacon spatial computing solution. With precise visual marker tracking capabilities, ARway.ai recently launched ARway V3.1, a major update to its platform providing augmented reality navigation and immersive experiences. The company has over 5000+ total accounts, 5400+ maps created, and 60+ pilots and trials worldwide. The latest integration with Apple's Vision Pro enhances ARway's capabilities, offering more sophisticated AR solutions for enterprise deployments.
ARway.ai has announced the integration of Apple's new Enterprise APIs with its Augmented Reality (AR) solutions, leveraging Apple's Vision Pro hardware and sensors. This strategic move enhances ARway's platform capabilities, offering more precise tracking, positioning, and interactivity.
The integration enables hands-free AR experiences and supports various applications, including indoor navigation, training, advertising, and more. The announcement follows Apple's latest updates at WWDC 2024, which include improved sensor access and platform control for enhanced machine learning and AI-driven features.
ARway.ai believes this advancement will lead to more enterprise deployments and expand its reach across multiple industries such as retail, hospitality, construction, and transportation.
ARway.ai has acquired Map Dynamics (MapD) in an all-stock deal valued at over $1 million, involving 4 million ARway shares priced at $0.26 each. This transaction, which brings in $1.2 million in annual revenue and $250,000 in EBITDA, aims to enhance ARway's product offerings, increase revenue, and reduce burn through technological synergy. The integration of MapD's event mapping technology with ARway's AI-powered platform will expand ARway's market reach and fast-track its product development. The deal also includes a lockup period for shares until September 29, 2024.
ARway.ai has announced its acquisition of Map Dynamics in an all-stock deal valued at over $1 million. This strategic move is expected to add $1.2 million in annual revenue and $250,000 in EBITDA. Map Dynamics, a real-world mapping software company with over 400 clients, will integrate its technology with ARway's AI-powered augmented reality platform. The merger aims to enhance ARway's indoor mapping solutions, improve user experience, and create new revenue channels. CEO Evan Gappelberg believes the acquisition will fast-track product development and expand market offerings, making ARway a more comprehensive augmented reality navigation platform.
ARway.ai announced two new deals with Ershad Technologies and IOTrackers in Saudi Arabia, and Walkk in Oman. The partnerships will utilize ARway's AI-powered augmented reality platform for navigation and immersive experiences. Ershad Technologies aims to enhance visitor experiences by deploying AR navigation in a Riyadh library. Walkk will showcase ARway's capabilities at the Comex 2024 Global Technology Show in Oman. Additionally, ARway issued 56,000 shares to Nikal Salwani as a $14,280 bonus.
ARway.ai has launched ARway V3.1, a major update to its AI-powered augmented reality platform. This release enhances indoor navigation and mapping, increasing the range and accuracy of AR experiences, especially in large venues. The V3.1 update supports navigation up to 600 meters from a single marker, improves route guidance, and introduces a Mini Map for real-time navigation. New APIs ensure map setup continuity during network failures. The Web Studio also sees significant upgrades, including a 3D Map Navigator for easier map editing. ARway currently supports over 5000 accounts and 5400 maps, with demand growing globally.
ARway.ai, an AI powered Augmented Reality Experience platform, has signed two new deals with partners ImmersLabs and Riyad Bank. ImmersLabs will implement immersive navigation throughout a museum in Washington, D.C., while Riyad Bank aims to deploy a navigation experience in their corporate campus complex in Riyadh, Saudi Arabia. Anum Wagas has been appointed as the interim CFO, bringing a decade of financial experience. The company continues to expand its reach and offerings in the augmented reality space.
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