ARWAY CORP - ARWYF STOCK NEWS

ARway.ai announces transition to a SaaS business model, offering Starter and Developer plans. CEO expects increased revenue and adoption. Company has seen significant growth in user base and active trials and pilots.

ARway (CSE:ARWY) (OTCQB:ARWYF) has announced a groundbreaking partnership with Map D, an event technology company owned by Nextech3D.ai. Under the agreement, Map D will license ARway's spatial computing navigation platform for a minimum of $500,000 annually, with an additional 10% royalty if sales exceed this amount.

This partnership aims to disrupt the $50 billion exhibition industry by integrating ARway's augmented reality indoor navigation system into Map D's event solutions. The collaboration is expected to revolutionize trade show experiences and position both companies at the forefront of event technology innovation.

The global exhibition market is projected to grow at a CAGR of over 3% during 2019-2025, with the US being the largest market. ARway's shares, which began trading in November, are currently priced at $0.67.

ARway.ai, a leading provider of innovative Augmented Reality Experience platforms, has announced a groundbreaking partnership with Map D, an event technology company owned by Nextech3D.ai. This collaboration aims to revolutionize the $50 billion trade show industry by introducing ARway's augmented reality indoor navigation system.

The partnership involves a $500,000 annual license agreement, with ARway receiving monthly payments of $41,666 for 12 months. If sales exceed $500,000 within any 12-month period, ARway will receive a 10% royalty. ARway's technology uses AI and spatial computing to create a no-code, no-beacon solution with visual marker tracking for centimeter precision, enabling seamless AR experiences in trade show navigation.

Map D, which works with top companies and trade shows in the industry, sees this collaboration as a first-mover advantage to transform the trade show experience for attendees and exhibitors.

The Market Herald's Power Play features new interviews with 01 Communique Laboratory, Galantas Gold, and ARway, offering investors a quick snapshot of their latest news.

ARway.ai announces its participation in the Smart Airport Initiative managed by TM Forum. The initiative aims to improve airport operations and create a working solution for reservations, passenger management, facilities management, baggage, access control, and more. ARway will provide technologies for wayfinding, retail advertising, and promotion of traveler amenities. The project is expected to be live in the fall of 2023.

ARway.ai has secured a provisional patent for its technology, enabling large-scale location persistent AR experiences and device tracking with computer vision. This positions the company at the forefront of the $44 billion global indoor positioning and indoor navigation market. The patent focuses on computational efficiency, minimizing processing load on client devices.