ARway Secures Multiple New SDK Deals to Drive Growth in $44B Indoor Positioning and Navigation Market

Rhea-AI Summary

ARway Corporation has announced the signing of five new Software Development Kit (SDK) deals, reflecting heightened demand for its AI-powered augmented reality platform. These deals, ranging from $9,000 to $15,000, span various industries including education and tourism. CEO Evan Gappelberg emphasized targeting growth segments such as universities and shopping malls, with a custom pricing strategy tailored to client usage. The SDK enables developers to create white label mobile apps, enhancing ARway's market presence. The company is capitalizing on emerging opportunities in the $44 billion indoor positioning and navigation market.

Positive

• Secured five new SDK deals, indicating strong demand.
• Deals range from $9,000 to $15,000, diversifying revenue sources.
• Targeting high growth opportunities in education and tourism sectors.
• Custom pricing strategy may enhance customer adoption and market penetration.
• SDK allows developers to create white label apps, broadening market appeal.

Negative

• None.

Company to target New key market segments identified as high growth opportunities

TORONTO, ON / ACCESSWIRE / March 30, 2023 / ARway Corporation ("ARway" or the "Company") (CSE:ARWY)(OTC:ARWYF)(FSE:E65) is an AI-powered augmented reality experience platform for indoor spaces with a disruptive no-code, no beacon spatial computing solution with centimeter precision, is pleased to announce the Company has signed five new deals for its Software Development Kit (SDK), which showcases the increasing demand for this disruptive technology. Since the SDK was released on January 31, 2023 the Company has been experiencing a wave of demand from resellers, enterprise corporations and brands. These SDK deals range in size from $9,000-$15,000 based on the usage of the platform, and are within various industries representing a wide range of use cases for ARway technology.

ARway CEO Evan Gappelberg commented "We are continuing to build a solid foundation of customers, pilot projects and new use cases which target several key market segments like , Universities, Museums, Shopping Malls, Stadiums and others that we've identified as high growth opportunities for ARway." He continued, "We are now custom tailoring our pricing to the way these customers use our solutions, which we believe will increase our penetration and accelerate the adoption in these markets."

New Deals Highlights:

• Vellore Institute of Technology - Education / using campus wayfinding in a university in India
• Wicked Interactive Storytelling - Tourism / using AR contextual content for engaging tourists on holiday sites
• Intron - Based in MENA. Using ARway in Universities for Wayfinding and Guided tours
• DQ Turkey - Based in MENA. Using ARway in Airports & Universities for Wayfinding and Guided tours
• LeLaboDigital - SDK Partner - Is a software development agency in Lebanon who are looking to add AR wayfinding to their service offerings

These SDK deals range in size from $9,000-$15,000 based on the usage of the platform, and are within various industries representing a wide range of use cases for ARway technology. ARway's SDK contains code libraries and API information that allows developers to build their own white label & private label mobile apps on both iOs and Android leveraging ARway's technology and creator tools to build AR wayfinding and spatial experiences. Creators and agencies will be able to develop white label and private label apps and access ARway APIs to author maps using the Web Creator Portal.

Pricing Has 3-Tiers:

The first tier has been built for digital marketing agencies, content creators, and mobile apps. developers who often work on a "campaign" basis. These customer types will be able to build and launch their campaigns, paying only when they are activated. Another tier has been created specifically for large, enterprise accounts that wish to deploy their Augmented Reality experiences across multiple locations or properties. Pricing for this customer type will be very appealing, scale according to size, and deliver long lasting value. Finally, a pricing tier for the Education market has been introduced that will make campus-wide deployment of Augmented Reality experiences more accessible. The Company is planning to introduce features and capabilities, unique to each market segment, over time to complement these pricing tiers and further differentiate its offerings.

About ARway Corp
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.

To learn more about ARway, please follow on Social Media: Twitter, YouTube, Instagram, LinkedIn, and Facebook, and visit our website: www.arway.ai

For further information, please contact:

Nextech AR Solutions
On October 26, 2022, ARway Corp. was spun-out from its parent Company, Nextech AR Solutions (OTCQX:NEXCF)(CSE:NTAR)(FSE:EP2). Nextech AR retained a control ownership in ARway Corp. with 13 million shares, or a 50% stake. Nextech AR Solutions 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 Nextech AR, visit www.nextechar.com

Investor Relations Contact
Julia Viola
investor.relations@arway.ai

ARway Corporation
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 Corp. 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

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https://www.accesswire.com/746538/ARway-Secures-Multiple-New-SDK-Deals-to-Drive-Growth-in-44B-Indoor-Positioning-and-Navigation-Market

FAQ

What new SDK deals did ARway Corporation announce in March 2023?

ARway Corporation announced five new SDK deals across education and tourism sectors, highlighting growing demand for its augmented reality platform.

What is the size range of the SDK deals secured by ARway Corporation?

The SDK deals secured by ARway Corporation range in size from $9,000 to $15,000 based on the platform's usage.

Which markets is ARway targeting for growth opportunities?

ARway is targeting markets such as universities, museums, and shopping malls for growth opportunities in augmented reality.

How does ARway's SDK benefit developers?

ARway's SDK enables developers to build white label mobile apps on iOS and Android, leveraging ARway's technology and tools.

What is ARway's strategy for increasing market penetration?

ARway plans to implement a custom pricing strategy based on usage to enhance customer adoption and market penetration.