Welcome to our dedicated page for Arway news (Ticker: ARWYF), a resource for investors and traders seeking the latest updates and insights on Arway stock.
ARway Corp (ARWYF) is a software company focused on augmented reality navigation, spatial computing, and AI-powered event solutions. Its news flow centers on how its AR and AI technology is applied to event management, venue navigation, and attendee engagement, as well as on corporate developments involving Nextech3D.ai and Map D.
On this page, readers can follow company announcements about ARway’s AI-powered spatial computing platform, including its no-code, no-hardware AR navigation system that uses visual marker tracking and AI. News items highlight how ARway and its subsidiary Map D support trade shows, conferences, and community events with interactive mapping, booth engagement, and AI-powered matchmaking between attendees and exhibitors.
ARway’s releases also cover financial and operating updates, such as reported percentage revenue growth, changes in gross margin, and reductions in net loss over specific reporting periods. Additional news addresses share issuances to service providers and management, private placement transactions, and ownership changes that affect the company’s capital structure.
A significant portion of recent news relates to Nextech3D.ai’s intention and subsequent definitive agreement to acquire all remaining ARway shares it does not already own, through a three-cornered amalgamation. These items explain the strategic rationale for consolidating ARway and Map D into Nextech3D.ai’s broader AI, 3D modeling, and event technology ecosystem.
Investors and observers can use this news feed to review ARway’s historical announcements on technology deployments, event customer wins, financial disclosures, and corporate transactions as the company’s AR navigation and event solutions evolve.
ARway Corporation has secured a pilot contract with South America's largest car rental network, covering over 450 locations. This innovative AR navigation service will first launch at a São Paulo airport in Q2 2023, enhancing the travel experience for customers renting cars. The company generates revenue from initial pilot contracts ranging from $600 to $10,000, transitioning to an annual fee of $30,000 plus charges based on square footage. CEO Evan Gappelberg emphasized the importance of ARway's platform in transforming navigation in airports, streamlining the process for travellers.
ARway Corporation is making significant strides in the $44 billion Global Indoor Positioning and Navigation (IPIN) Market. The company recently highlighted its AI-powered Augmented Reality Navigation platform during an appearance by CEO Evan Gappelberg on BTV Business Television. This platform offers a disruptive, no-code spatial computing solution, utilizing visual marker tracking for centimeter-level accuracy. ARway enhances user experience in large venues through QR code-based navigation and rich AR content interactions. With a focus on the real-world metaverse, ARway is poised to tap into various industries, leveraging Nextech's innovative 3D technologies.
ARway Corp (CSE:ARWY)(OTCPK:ARWYF) has made significant strides by signing six new deals for its Software Development Kit (SDK). The arrangements cost between $600-$10,000 for the creative agencies involved. Furthermore, ARway has launched the ARway Community, which allows developers and enterprises to create maps on its platform. CEO Evan Gappelberg elaborated on these developments in a recent interview, showcasing the company's growth and innovation in the market.
ARway Corporation has made significant strides in the Augmented Reality Wayfinding market, recently signing six new deals for its Software Development Kit (SDK), reflecting increasing demand for its no-code platform. These deals range from $600 to $10,000, with additional contracts in negotiation for larger projects. ARway's solutions are projected to tap into a $44 billion Indoor Positioning and Indoor Navigation market by 2025. The company has also launched an ARway Community for developers and enterprises. Notably, Saudi German Health has chosen ARway's solutions for a project aiming to enhance patient navigation in hospitals.
ARway Corp (CSE:ARWY)(OTCPK:ARWYF) has entered into a significant agreement with Saudi German Health, adopting its augmented reality wayfinding solution. This partnership is poised to enhance the navigation experience for patients and visitors at one of the leading private healthcare providers in the Middle East and North Africa. This collaboration is a strategic move for ARway, aiming to leverage the growing demand for AR solutions in healthcare, positioning the company for potential growth. Further insights were shared by ARway Founder Baran Korkmaz in an exclusive interview regarding the implications of this deal.
ARway Corporation has announced a partnership with Saudi German Health, the leading private healthcare provider in the MENA region, to implement its augmented reality (AR) wayfinding solution at a new hospital location in Makkah, Saudi Arabia. This collaboration aims to enhance patient experience and navigation efficiency within healthcare facilities using AR technology. The project starts with one hospital, potentially expanding to 15 locations based on success. ARway's innovative no-code platform is positioned to revolutionize wayfinding in healthcare, marking a significant milestone in the integration of AR technology.
ARway Corporation has launched significant upgrades to its spatial computing wayfinding platform, enhancing its capabilities in the Augmented Reality (AR) market. Key upgrades include:
- Spatial Video Content: Adds interactive video experiences, increasing monetization and visitor engagement.
- Full Occlusion Technology: Improves AR content integration with the physical environment, enhancing user experience.
- Enhanced Creator Portal: Modernizes user experience for content creation, boosting productivity.
- SDK Version 2.0: Completes the ARway platform, enabling broader market engagement.
The upgrades position ARway as a competitive player in the spatial computing sector.
ARway Corporation (CSE:ARWY, OTC PINK:ARWYF) has launched its innovative Image Access Point technology, enhancing augmented reality wayfinding through image recognition and tracking. This technology allows users to trigger AR experiences by scanning brand images, significantly diversifying ARway's application from navigation to advertising. The global image recognition market is projected to grow from US$30 billion in 2021 to US$76.5 billion by 2027, indicating substantial revenue opportunities. Additionally, ARway has introduced an upgraded Software Development Kit (SDK), further solidifying its position in the spatial computing market.
ARway Corporation (CSE:ARWY, OTC PINK:ARWYF) is enhancing the $23 billion augmented reality wayfinding market with its no-code, beacon-free platform. The company has secured multiple pilot projects globally across diverse sectors like retail and healthcare, with potential for substantial revenue growth upon conversion to long-term contracts. Noteworthy projects include AR wayfinding in a three-story hospital, multiple airport implementations in Spain and Brazil, and a 400,000 sq ft Dubai Mall pilot. CEO Evan Gappelberg anticipates over 100 pilot programs and claims that successful projects could generate $250,000 monthly or $3 million annually, establishing ARway as a market leader in 2023.
ARway Corporation has launched its AR Wayfinding SDK as a SaaS solution, enhancing its position in the Augmented Reality market. The company reported a cash balance of $1.5 million for Q1 ending November 30, 2022, with revenues of $4,352, leading to a net loss of $371,248. CEO Evan Gappelberg highlighted the successful mapping of a 400,000 sq ft mall and the release of SDK version 2.0 as key milestones. The ARway solution aims to disrupt the $40 billion indoor wayfinding market with a no-capex and no-opex platform, meeting rising demand. For more details, visit www.arway.ai.
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