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.ai announces successful pilot with George Mason University, developing an augmented reality campus tour app for first-generation ADVANCE students. The project, led by professors Kelly Schrum and Graziella Pagliarulo McCarron, will be extended into 2025. The app features interactive GPS tracking, indoor visual positioning, and geolocation to help transfer students from Northern Virginia Community College navigate campus facilities.
The implementation currently focuses on the Student Union Building and will expand to Fenwick Library and Johnson Center. Funded by George Mason's Office of the Provost and 4-VA@Mason initiative, the project aims to create a seamless transition for community college students to four-year institutions.
ARway.ai, an AI-powered Augmented Reality Experience platform, has announced the appointment of Davidson & Company LLP as its new independent auditor, effective immediately. This change follows the resignation of the former auditor, Saturna Group Chartered Professional Accountants, at ARway's request. The company, traded as ARWYF on OTCQB, stated that there were no modifications of opinion in Saturna Group's reports on ARway's annual financial statements. Over the next month, ARway will complete the change of auditor process in accordance with National Instrument 51-102 Continuous Disclosure Obligations.
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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