Apr 27, 2023
TORONTO, O.N, Canada – April 27, 2023 - ARway Corporation (“ARway” or the “Company”) (CSE: ARWY), (OTC: ARWYF) (FSE: E65) is disrupting the Augmented Reality ( AR) Wayfinding market with a no-code, no beacon spatial computing platform enabled by visual marker tracking. ARway is pleased to report its Q2 financial results, ending February 28, 2023. The Company finished the quarter with an ending Q2 cash balance of close to $1.0 million, initial revenues from pilot programs, and continued development of the platform. ARway continues to execute its plan as set out in the spin out information circular.
CEO Evan Gappelberg commented, “We are excited by the early success of our pilot programs with ARway and believe that we have created the killer application for the next generation of devices: the AR glasses… AR Wayfinding is going to be a very big deal in 2023!” He continued, “Business momentum is building and deals with S&P 500 companies and others are expected to be landed in Q2/Q3, 2023.”
ARway is an AI-powered platform that provides augmented reality experiences for indoor spaces. The platform allows users to easily create experiences for navigation, tours, information sharing, notifications, advertising, and gamification. ARway leverages the power of mobile devices to create environments that can improve visitor experience, boost employee productivity, increase engagement, create new advertising space, and boost revenues. Visitors can scan a QR code to access a venue map, navigate to any point of interest with step-by-step directions, learn information about those POIs, and interact with rich AR content and experiences along the way. ARway has unlimited use cases for augmenting physical spaces in the metaverse, 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 50% 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
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