VANCOUVER, British Columbia, Oct. 31, 2022 (GLOBE NEWSWIRE) — ARway Corporation (CSE:ARWY) is likely one of the newest new listings on the Canadian Securities Exchange, following its spin off from Nextech AR Solutions. Management believes ARway is the primary publicly traded, pure-play spatial computing firm. ARway is disrupting the Augmented Reality Wayfinding market with its no-code, no {hardware}, no BLE beacon, spatial computing platform.
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Visitors can entry a venue map by merely scanning a visible marker, corresponding to a QR code, with their smartphone and navigate to any Point of Interest by following an augmented path and step-by-step instructions, whereas interacting with wealthy AR content material and experiences.
As a consumer, you may assemble your personal real-world metaverse with interactive spatial content material. Some examples embody stadiums and live performance venues, occasions and commerce reveals, retail, museums and galleries, hospitality, actual property, universities and hospitals. The functions are virtually limitless.
The international indoor positioning and indoor navigation market is anticipated to achieve US$44 Billion by 2025, representing a 7-year compound annual development fee of 42%, in line with Allied Market Research.
While ARway is focusing income technology in the direction of AR wayfinding, it’s discovering functions of its strong AR engine in extra markets which might be opening up solely new income alternatives. The know-how is now getting used as a part of the XR engine powering the music app “Encore” which opens up substantial new markets offering AR spatial activations for the music trade.
As an immature trade, AR know-how, together with AR software program, continues to be ready to be explored. According to Verified Market Research, the AR software program market dimension alone was valued at US$8.59 Billion in 2020 and is projected to achieve US$137.14 Billion by 2028, rising at a staggering compound annual development fee of 57.21% from 2021 to 2028.
Nextech AR has retained an possession stake of 13 million shares of ARway and is distributing 4 million extra shares, on a pro-rata foundation, as a inventory dividend to Nextech shareholders.
The shares are buying and selling at $0.66. For extra data, please go to the corporate’s web site www.arway.ai, or contact investor relations at investor.relations@arway.ai.
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