ARway Corp. Signs Multiple New Deals as $44 Billion Indoor Navigation Industry Accelerates Shift to Augmented Reality Navigation
Martech Outlook | Tuesday, February 14, 2023
TORONTO, O.N, Canada - ARway Corporation (“ARway” or the “Company”) (CSE: ARWY), (OTC: ARWYF) (FSE: E65) is disrupting the Augmented Reality Wayfinding market with a no-code, no beacon spatial computing platform enabled by visual marker tracking with centimeter precision. ARway is excited to announce that the Company has signed six new deals for its Software Development Kit (SDK), which showcases the increasing demand for this disruptive technology. The deals range in size from $600-$10,000 based on the usage of the platform. The Company is seeing significant and accelerating interest and deal flow from augmented reality agencies, large corporations and brands that are looking to enhance their wayfinding experience.
The Company is now signing up new creative agencies weekly at a cost to the agency of $600-$10,000. These creative agencies already work with dozens or even hundreds of customers and brands that want and need this AR wayfinding technology. By subscribing to the ARway platform the agency can demonstrate the ARway capabilities to their clients and act as a reseller for ARway’s solution. ARway wayfinding solutions range from $15,000-$30,000 annually plus .01/sq ft. The Company is currently in negotiations for multiple full service AR wayfinding contracts that have millions of sq ft to map.
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The Global Indoor Positioning and Indoor Navigation (IPIN) Market is projected to reach $44 Billion by 2025, growing at a CAGR of 42.0% from 2018 to 2025, according to Allied Market Research.[1]
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.
These latest SDK signings follow last week’s announcement that Saudi German Health has chosen to utilize ARway’s augmented reality wayfinding solution, at an initial cost of over $10,000 with expansion possibilities into the $100,000+ annually. Saudi German Health is the leading private healthcare provider across the Middle East and North Africa. The partnership is for a single project at one of Saudi German Health’s new locations in Makkah, Saudi Arabia with possible system wide expansion to a total of 15 hospitals. The project aims to bring the latest AR technology to the healthcare sector, by utilizing ARway’s AR wayfinding and guiding solutions, aimed at enhancing the patient experience and making navigation within the hospital more efficient. ARway’s groundbreaking technology will help patients and visitors navigate the complex medical facilities, providing clear and intuitive directions through the use of overlaid AR graphics and information
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