ARway.ai Enters Pilot With One of The Largest Shopping Malls in California

Rhea-AI Summary

ARway.ai, an AI-powered Augmented Reality Experience platform, has announced a new paid pilot contract with one of Southern California's largest shopping malls. The pilot, expected to last 90 days, will implement navigation and augmented reality experiences in a 1.2 million square foot center with over 130 stores and restaurants. Upon successful completion, it could lead to a full rollout and an annual six-figure contract.

CEO Evan Gappelberg expressed excitement about this milestone, highlighting ARway's ability to deliver seamless navigation solutions across expansive areas. The company has recently signed multiple paid pilot programs, ranging from $5,000 to $15,000, with various entities including a leading Indian brand design agency and a Middle East-based technology company. These pilots are expected to lead to annual sales contracts, showcasing ARway's growing market presence in the spatial computing and augmented reality sector.

Positive

• Secured a paid pilot contract with a major Southern California shopping mall
• Potential for an annual six-figure contract upon successful pilot completion
• Recently signed multiple paid pilot programs ranging from $5,000 to $15,000
• Expanding market presence in spatial computing and augmented reality sector

Negative

• None.

TORONTO, ON / ACCESSWIRE / August 15, 2023 / ARway.ai ("ARway" or the "Company") (CSE:ARWY)(OTCQB:ARWYF)(FSE:E65) is an AI powered Augmented Reality Experience platform with a disruptive no-code, no beacon spatial computing solution enabled by visual marker tracking with centimeter precision announces a new paid for pilot contract with one of Southern California's most popular shopping, dining and entertainment lifestyle destinations. The paid pilot is for navigation and augmented reality experiences in the Centre comprising 1.2 million square feet, more than 130 stores, restaurants. The pilot is expected to last 90-days and upon the successful completion of the pilot a full rollout and annual six figure contract would ensue.

Watch video showcases of ARway's technology in retail locations:

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Video - ARway.ai - AR and Indoor Navigation Mall in Dubai Use Case

ARway.ai CEO Evan Gappelberg commented "We are excited to announce this new pilot contract with one of Southern California's most popular retail destinations. This is another significant milestone for ARway.ai as we bring our cutting-edge indoor navigation and augmented reality experiences to this massive space which sprawls over 1.2 million square feet. This project showcases ARway's technology and ability to deliver seamless navigation solutions across expansive areas and upon the successful completion of this pilot and rollout we anticipate this key account to open the doors for more malls."

The Company has recently signed multiple paid for pilot programs having recently signed on one of India's leading brand design agencies as well as a Middle East based technology company. These pilot programs range in cost from $5,000-$15,000 and are expected to last a few months and then lead to annual sales contracts.

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To learn more about ARway, please follow on Social Media: Twitter, YouTube, Instagram, LinkedIn, and Facebook, and visit our website: www.arway.ai

About ARway.ai

ARway.ai (CSE: ARWY) (OTCQB: ARWYF) (FSE: E65) 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 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.

Nextech 3D.ai
On October 26, 2022, ARway.ai. was spun-out from its parent Company, Nextech3D.ai (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2). Nextech retained a control ownership in ARway.ai. with 13 million shares, or a 49% stake. Nextech3D.ai 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 Nextech3D.ai, visit www.nextechar.com

For further information, please contact:

Investor Relations Contact
Julia Viola
investor.relations@arway.ai

ARway.ai
Evan Gappelberg
CEO and Director
866-ARITIZE (274-8493)

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.ai will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

SOURCE: ARway Corporation

View source version on accesswire.com:
https://www.accesswire.com/774164/ARwayai-Enters-Pilot-With-One-of-The-Largest-Shopping-Malls-in-California

FAQ

What is the duration and potential value of ARway.ai's new pilot contract with the California shopping mall?

The pilot contract with the Southern California shopping mall is expected to last 90 days. Upon successful completion, it could lead to a full rollout and an annual six-figure contract for ARway.ai (ARWYF).

How large is the shopping center where ARway.ai (ARWYF) will implement its technology?

The shopping center where ARway.ai will implement its navigation and augmented reality experiences comprises 1.2 million square feet and includes more than 130 stores and restaurants.

What other recent contracts has ARway.ai (ARWYF) secured?

ARway.ai has recently signed multiple paid pilot programs, including contracts with one of India's leading brand design agencies and a Middle East-based technology company. These pilots range in cost from $5,000 to $15,000.

What is the expected outcome of ARway.ai's (ARWYF) pilot programs?

ARway.ai expects these pilot programs to last a few months and then lead to annual sales contracts, potentially increasing the company's revenue and market presence in the spatial computing and augmented reality sector.