ARway.ai Launches Large Scale
AI-Powered 3D Spatial
Navigation Mapping
ARway is
leveraging AI to Transform Spatial mapping
TORONTO, O.N, Canada
-- December 14, 2023 -- InvestorsHub NewsWire
-- ARway.ai
("ARway" or the "Company") (CSE:
ARWY), (OTC:
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 announces the release of Version 2.7, marking a
significant leap forward in its spatial mapping capabilities. This
latest version introduces a new enhanced AI-powered process that
automates the creation of 400,000 square feet 3D spatial maps from
2D floor plans, significantly improving ARway's platform
performance for enterprises and developers. The deployment of this
technology at Congohas Airport, Brazil, and a prominent shopping
destination in South Africa, showcases its global applicability and
scalability.
This launch is expected to generate more
revenue for the Company as it is solving the challenges facing
enterprise customers.
Watch a video showcase of Version 2.7
- click
here
The centerpiece of Version 2.7 is the
enhanced capability to transform 2D floor plans into property and
mini-city scale 3D digital twins, now accommodating spaces more
than 400,000 square feet (37,000 square meters). This breakthrough
allows for the creation of centimeter-precise digital twins, which
can be connected for seamless navigation across multiple floors and
areas, both indoor and outdoor.
Previously announced
feature and patent
Earlier this year ARway announced it had
filed a
provisional patent for 3D Floor Plan and Digital Twin
Generation technology to create and manage virtual
replicas of physical spaces. This technology is unique in that it
eliminates the complexity and reliance on expensive hardware and
scanners by ingesting 2D floor plans and architectural drawings and
converting these artifacts into 3D environments.
Complementing these major features, ARway has
introduced several minor yet impactful enhancements to further
streamline the user experience.
Notable enhancements include:
-
Updated Toolbar and Help Modals: A cleaner
toolbar display and helpful instructional modals make creating with
ARway even more intuitive.
-
Upgraded Floor Plan Peg Adjustments:
Creators can manually adjust pegs with confidence, ensuring precise
placement.
-
Location
Directory Category and Subcategory Updates: A cleaner UI for adding
and editing categories and subcategories enhances
usability.
-
Map Connector Update: Creators can now
edit Map Connector pins from both the 3D and 2D maps with enhanced
controls for multi-map and multi-floor navigation
experiences.
-
Large Scale
Floor Plan Compatibility Upgrade: High-resolution floor plans are
now efficiently compressed without sacrificing clarity on mobile
apps powered by ARwayKit
SDK.
These upgrades are targeted towards ARway's
enterprise business and new SaaS business, aiming to drive
developer adoption and enhance the total value proposition of the
ARway platform. By democratizing AR features through the ARwayKit
SDK and improving the platform's capabilities, ARway is poised to
meet the evolving needs of SMEs, enterprises, agencies, and XR
developers.
The upgrades in Version 2.7 significantly
enhance ARway's market competitiveness. By offering a solution that
is not only more powerful but also easier to use, ARway is
positioned to attract a larger customer base. The automation of 3D
map creation and the expansion of the platform's capabilities are
key factors in driving the company's growth and
profitability.
As part of the Company's stock options plan
it has issued 1,175,000 3- year options at $0.215/
share.
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To
learn more about ARway, please follow on Social Media:
Twitter,
YouTube,
Instagram,
LinkedIn,
and Facebook,
and visit our website: www.arway.ai
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.
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