ARway.ai Announces New Partnership Agreement With DesignSA.me Servicing Saudi Arabian Government Projects With AR Indoor Navigation

Rhea-AI Summary

ARway.ai announces a significant partnership with DesignSA.me to integrate augmented reality technology into government applications, enhancing public services. The company also issues bonus shares and has recently signed multiple new deals, showcasing increased demand for its spatial computing platform.

TORONTO, ON / ACCESSWIRE / March 5, 2024 / 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 thrilled to announce a significant partnership with DesignSA.me. This deal will redefine government sectors by integrating ARway's cutting-edge technology into their applications through the ARwayKit SDK.

Advancing Government Services with DesignSA.me

DesignSA.me, based in Saudi Arabia, is at the forefront of providing technology and consulting services for government projects. Their work spans various sectors, including sustainability, defense, energy, and exhibitions. By incorporating the ARwayKit SDK, DesignSA.me plans to introduce augmented reality into multiple government applications, enhancing the efficiency and effectiveness of public services.

This strategic partnership will allow DesignSA.me to implement ARway's technology with their esteemed clients, including the Ministry of Defense and the Ministry of Energy.

The integration of ARway's technology will enable more interactive and informative experiences for users, improving information delivery and engagement in critical government projects.

Bonus Shares

The Company has issued 200,000 common shares of the Company as bonus shares ("Bonus Shares") to certain employees/consultants of the Company. The Bonus Shares are being issued at a deemed price of $0.56 per share for past services rendered. All Bonus Shares issued are subject to a four (4) month and one day hold period.

Recent News

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• ARway.ai The Spatial Computing Company Launches Apple Vision Pro Compatibility and Early Access for ARwayKit SDK
• ARway.ai The Spatial Computing Platform Signs New Deal with Saudi Arabian Agency for AR Navigation
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• ARway.ai's Spatial Computing Platform Continues to See Increased Demand Ahead of Apple Vision Pro Release, Signs New Deal with F3 Geomatic

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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:1SS). Nextech retained a control ownership in ARway.ai. with 13 million shares, or a 50% stake. Nextech3D.ai is a Generative AI powered 3D modeling 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 the original press release on accesswire.com

FAQ

What is the significance of ARway.ai's partnership with DesignSA.me?

The partnership aims to integrate ARway's technology into government applications, improving public services' efficiency and effectiveness.

How many bonus shares did ARway.ai issue, and at what price?

ARway.ai issued 200,000 common shares at a deemed price of $0.56 per share for past services rendered.

What recent deals has ARway.ai signed?

ARway.ai has signed deals with Kuwait Agency, Saudi Arabian Agency, and Localiza Rent a Car, showcasing increased demand for its spatial computing platform.

What event is ARway.ai set to present at on March 7?

ARway.ai will present at the Emerging Growth Conference on March 7.

What new compatibility has ARway.ai launched for its ARwayKit SDK?

ARway.ai has launched Apple Vision Pro compatibility and early access for its ARwayKit SDK.