ARway.ai's Spatial Computing Platform Launches V2.5 With AI-Assisted Augmented Reality Pathfinding Experiences

ARway.ai's Spatial Computing Platform Launches V2.5 With AI-Assisted Augmented Reality Pathfinding Experiences

V2.5 Solidifying ARway's Market Position In Spatial Computing Navigation

The Company also announces the appointment of Nidhi Kumra, CA, CPA, to the Board of Directors and as Audit Committee Chair

TORONTO, ON / ACCESSWIRE / July 5 , 2023 / ARway.ai ("ARway" or the "Company") (CSE:ARWY)(OTC PINK: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 series of transformative updates with its version 2.5, including AI assisted pathfinding catering to the demand for inclusive, accurate, and user-friendly navigation solutions, new visually stunning navigation path styles, advanced creator tools, and more.

Watch a video showcasing ARway V2.5 - Click here


The revolutionary technology of ARway.ai continues to redefine indoor navigation, creating a seamless interplay of digital and physical environments. This update introduces sophisticated features that deliver significant advantages for a diverse range of industries, from retail and hospitality to corporate sectors and digital marketing agencies.


The highlights of the ARway V2.5 release are:

  • AI-assisted Pathfinding: Enhanced turn-by-turn navigation now supports wheelchair-accessible and walkable routes, catering to the demand for inclusive, accurate, and user-friendly navigation solutions.
  • Engaging Path Styles: Visually appealing path styles are introduced, expected to unlock new monetization opportunities and contribute to potential revenue growth.
  • Advanced Creator Tools: Creators gain more control with upgraded floorplan controls, advanced map search, and the introduction of draft maps. Accuracy meters for monitoring localization accuracy during map creation are also part of this update.
  • Improved Onboarding Experience: New enriching onboarding tutorials for key features, making ARway's innovative technology more accessible to new users across various sectors.
  • Comprehensive Location Directory: A wider view of destinations is now available in the location directory, empowering businesses to highlight and monetize specific products or areas.
ARway Corporation, Wednesday, July 5, 2023, Press release picture

The release of version V2.5 has far-reaching implications for ARway's business. As ARway continually evolves to meet the dynamic demands for AR applications, it fortifies its market position as a key player in the industry. The breadth of its feature offerings and the improvement in user experience positions ARway to attract and retain a larger customer base, driving the company's growth and profitability.

Moreover, the new features demonstrate ARway's technology leadership and ongoing commitment to innovation. By staying ahead of the curve and setting new standards in the AR navigation space, ARway continues to differentiate itself in the IPIN market.

As these enhancements are implemented and widely adopted across the vast range of industries ARway serves, the company anticipates a significant uptick in customer acquisition rates, which in turn will drive revenue growth and enhance shareholder value.

Board of Directors and Audit Committee Changes

The Company would also like to announce the appointment of Nidhi Kumra, CA, CPA, to the Board of Directors and as the Audit Committee Chair.

Nidhi is an accounting and finance professional with over 15 years of experience in audit, finance & business operations. Nidhi graduated with a Bachelor of Business Administration from the Schulich School of Business. She has a Chartered Professional Accountant / Chartered Accountant (CPA, CA) designation. Nidhi started her career at KPMG where she worked for over 9 years and quickly rose to become a senior manager in the audit and assurance practice, working as a team leader of large private and public client engagements. She also served as VP Finance for a global marketing agency, and helped to lead a national implementation of an end-to-end ERP system across the enterprise. Previous to that, Nidhi led the finance team at Labatt Breweries, a subsidiary of AB InBev - a Fortune 500 Company. She was a key strategic partner working on the transformation of the business through system implementations, designing corporate budgets, and leading acquisition integrations. Most recently, Nidhi has served as CFO of entrepreneurial start up companies in CPG, technology and marketing sectors. She has served as a public company CFO where she helped the company grow through evaluation, analysis & acquisition of strategic investments. As a CFO, Nidhi has helped aid companies through strategic acquisitions, obtaining debt and equity investments, liquidation process, and sale process as well. She is focused on growing companies by applying her strengths in strategy, accounting, finance and tax.

Jeff Dawley has resigned as a member of the Board of Directors and as the Audit Committee Chair due to personal reasons, effective June 30, 2023. Mr. Dawley has confirmed that he has no disagreements with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the Company's shareholders. The Company and the Board of Directors would like to thank Mr. Dawley for his contributions and wish him well in his future endeavours.

Recent News

  • ARway.ai Spatial Computing Solution Gaining Momentum As 2023 Sales Pipeline Reaches Over $2.5M in Revenue Potential
  • ARway.ai Files Pivotal Augmented Reality Patent For its Ground-Breaking Indoor Navigation Technology
  • ARway.ai Congratulates Apple On Its Industry Leading "Apple Vision Pro" Augmented Reality Headset
  • ARway.ai Announces Cross Platform Compatibility Across Magic Leap & Hololens As it Prepares For Additional AR Glasses Compatibility

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 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

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/765550/ARwayais-Spatial-Computing-Platform-Launches-V25-With-AI-Assisted-Augmented-Reality-Pathfinding-Experiences

News Provided by ACCESSWIRE via QuoteMedia

ARWY:CC
The Conversation (0)
ARway SDK 3.1 Unveiled - Revolutionizing Large-Scale, Location-Based Augmented Reality Navigation

ARway SDK 3.1 Unveiled - Revolutionizing Large-Scale, Location-Based Augmented Reality Navigation

Third Major Release in 2024 Marks Dramatic Improvements In Indoor Navigation & Mapping

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 is pleased to announce the launch of ARway V3.1, a major update to its spatial computing platform providing augmented reality navigation and immersive experiences. The new V3.1 technology updates and features include major improvements to the range and accuracy of AR experiences across large scale venues and increased speed of deployment of AR indoor navigation experiences. The company believes these major improvements will drive additional revenue and additional global deployments ARway.ai currently has over 5000+ total accounts, with 5400+ maps created and 60+ pilots and trials. Demand for ARway is accelerating in from around the world for various use-cases and industries looking to leverage the Company's augmented reality and spatial computing technology

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
ARway.ai The Augmented Reality Experience Platform Signs Multiple New Navigation Deals With Global Accounts Riyad Bank & A Museum in the Heart of Washington, D.C.

ARway.ai The Augmented Reality Experience Platform Signs Multiple New Navigation Deals With Global Accounts Riyad Bank & A Museum in the Heart of Washington, D.C.

Demand For Augmented Reality Navigation is Accelerating

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 is pleased to announce two new deals with new partners

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
ARway.ai Signs Deal with George Mason University for Augmented Reality Campus Navigation and Experience

ARway.ai Signs Deal with George Mason University for Augmented Reality Campus Navigation and Experience

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 is pleased to announce that George Mason University is signed up for the ARway platform and will be deploying ten spatial maps across the university campus. The rollout is part of a 2024 project aimed at enhancing the campus navigation and campus experience for students. GMU has an undergraduate enrollment of approximately 27,014 and the campus size is 817 acres. ARway.ai is seeing demand from across the globe for University Campus deployments, and is currently deployed in the Middle East at the Suleyman Demirel University in Turkey, In the EU at the Institut für Innovations- und Informationsmanagement (iFii), University of Applied Sciences Brandenburg. ARway has also signed multiple new subscriptions with prestigious universities around the globe including Bicol University in Indonesia, DHA Suffa University in Pakistan, University of Alberta in Canada, University College Cork in the UK and German University of Technology in Oman

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
ARway.ai The Spatial Computing Platform Shows 200% Developer Growth, Signs Multiple New Deals for Its Augmented Reality Navigation Platform in Middle East & Spain

ARway.ai The Spatial Computing Platform Shows 200% Developer Growth, Signs Multiple New Deals for Its Augmented Reality Navigation Platform in Middle East & Spain

In Addition the Company Has Signed Several New University Student Plans

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 is pleased to announce two new SaaS developer deals with leading companies in the Saudi Arabia and Spain. These partnerships underscore ARway.ai's commitment to enhancing spatial computing across various sectors and use cases, reaffirming its position as a leader in AR technology integration

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
ARway.ai Introducing AR Navigation with Generative AI ChatGPT 4D Avatars in New Partner Deal with AVR Labs in UAE

ARway.ai Introducing AR Navigation with Generative AI ChatGPT 4D Avatars in New Partner Deal with AVR Labs in UAE

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 is pleased to announce another paid partner deal with AVR Labs, a pioneering company based in the United Arab Emirates specializing in XR technologies. AVR Labs will be a recognized partner of ARway in the Gulf Region, increasing ARway's distribution channel, as they have 100+ projects from paying customers deployed across 20 countries around the globe

This collaboration is set to revolutionize AR navigation by integrating cutting-edge generative AI 3D/AR avatars with conversational immersive interaction capabilities, powered by ARway's advanced platform and AVR Labs' innovative solutions.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
Robotic arm assembling chips with NVIDIA logo and "Tech 5" text overlay.

Tech 5: NVIDIA Results Rattle Investors, Trump Signals More Tech Deals to Come

Artificial intelligence (AI) stocks saw continued pressure this week as concerns about overvaluation weighed on the sector ahead of NVIDIA's (NASDAQ:NVDA) results release for its second fiscal quarter.

The company beat Wall Street projections on revenue, earnings and profits, but shares still fell in extended trading on Tuesday (August 26) after it reported no H20 sales to China, where competition from domestic firms is heating up.

John Murillo, chief business officer at B2BROKER, suggested the pullback could present a short-term buying opportunity for high-quality names with strong fundamentals, but cautioned that it could be the start of a broader correction.

Keep reading...Show less
NVIDIA logo.

NVIDIA Delivers Record Quarter as AI Demand Booms, but China Uncertainty Persists

NVIDIA (NASDAQ:NVDA) delivered another blockbuster quarter, reporting record revenue of US$46.7 billion for its second fiscal period as demand for artificial intelligence (AI) infrastructure continues to surge.

The chipmaking giant said sales rose 56 percent from a year earlier and 6 percent from the prior quarter, marking the ninth straight period of year-on-year revenue growth above 50 percent.

Meanwhile, NVIDIA's net income jumped 59 percent to US$26.42 billion from US$16.6 billion. Its adjusted earnings per share were US$1.05, beating analyst forecasts of US$1.01.

Keep reading...Show less
Digital globe with glowing blue patterns and network connections.

ResetData Creates New Public Sovereign AI Supercomputer in Australia

Australian cloud provider ResetData, part of Centuria Capital Group (ASX:CNI), has unveiled AI-F1, a public sovereign artificial intelligence (AI) supercomputer located in Australia.

AI-F1 offers onshore, high-performance AI computing resources for the government, academic and business sectors.

The multi-megawatt supercomputer allows customers to leverage NVIDIA's (NASDAQ:NVDA) NIM microservices, which are designed to work on machine learning and large language models.

Keep reading...Show less
Futuristic 3D microchip with glowing circuits on a blue background.

NVIDIA's Latest AI Chip Comes at Crucial Moment Before Earnings Report

Reports are circulating that NVIDIA (NASDAQ:NVDA) is quietly preparing a new artificial intelligence (AI) chip for China that would surpass the performance of its current H20 model.

The move comes as the US weighs how much access Chinese companies should have to American technology.

Two people briefed on the matter told Reuters that the chip, tentatively called the B30A, is based on NVIDIA's latest Blackwell architecture and is expected to deliver roughly half the computing power of the company’s flagship dual-die B300 accelerator card. Like the H20, the new chip is rumored to include high-bandwidth memory and NVLink interconnect technology, but would offer more power for Chinese clients.

Keep reading...Show less
Two businesspeople shaking hands over financial graphs and "Tech 5" text.

Tech 5: US Government Strikes Big Tech Deal, Perplexity Plots Expansion

Tech stocks led Wall Street to a second consecutive week of gains as a series of data releases reignited optimism about a September interest rate cut from the US Federal Reserve.

A strong consumer price index report was the catalyst, renewing anticipation that the Fed will lower rates when it meets next month. While Thursday's (August 14) less optimistic producer price index report caused a momentary pause, the tech sector's resilience — or defiance — mitigated losses and kept momentum alive.

Here's a look at the key moments that shaped the tech sector this week.

Keep reading...Show less

Latest Press Releases

Related News

×