ARway.ai (ARWY.C) 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. “Augmented Reality way,” is more than a technology – it’s a new way of thinking about navigation and experience. This innovative system combines the traditional signage that we are used to with augmented reality to create a more immersive and intuitive wayfinding experience.
ARway takes traditional wayfinding to a whole new level by adding augmented reality. Instead of just pointing you to your endpoint, ARway guides you through an immersive experience, showing you various points of interest along the way. It’s like having a personal tour guide in your pocket, directing you through a space in a way that enhances your overall experience. Their no-code, no-beacon system enables easy creation of digital navigation and AR experiences across devices walking users through a facility using directions on their phone or AR future headset. Ideal for creators and brands, it features a web studio, SDK, and mobile app.
Today, ARway.ai announced its collaboration with the prestigious Institut für Innovations- und Informationsmanagement (iFii) to create an innovative AR navigation system on the iFii campus in Germany. This is a paid-partner deal, valued at 5 figures annually depending on usage. The deal also represents a significant growth opportunity, as iFii will refer ARway to other institutions and businesses in the EU by showcasing this project.
The joint project with iFii encompasses a comprehensive roadmap to harness the power of augmented reality for their smart campus. This partnership is set to revolutionize the way faculty and visitors experience the iFii campus, providing a seamless and intuitive AR experience and AR-powered navigation.
As part of their 2024 roadmap, iFii will implement, evaluate and publish research on over 20 different use cases with ARway’s technology, highlighting the depth of this collaboration. This initiative aligns with iFii’s vision of providing a modern and immersive campus experience, ultimately highlighting the advantages of ARway’s AR navigation technology over traditional “blue dot” navigation systems.
ARway.ai CEO Evan Gappelberg commented, “We are looking forward to the opportunities and achievements that this partnership will bring to the world of augmented reality and campus navigation. By combining cutting-edge technology, extensive research, and a shared vision for innovation, this collaboration promises to set new standards for smart campus navigation.”
Key components of the project include:
- 5G Testbed for a Smart Campus: ARway will lead the development of a state-of-the-art 5G testbed on the iFii campus. This will ensure high-speed connectivity and low-latency data transmission, enabling advanced AR capabilities.
- Prototype Development: ARway will build a cutting-edge prototype of AR navigation for the iFii campus. This prototype will serve as a model for future campus-wide implementation.
- Research and Evaluation of AR Navigation: iFii and ARway will conduct extensive research and evaluation of AR navigation applications within the 5G campus network. This includes seamless transitions between indoor and outdoor environments, ensuring a user-friendly experience.
- User Experience Analysis: The partnership will focus on understanding the user experience with AR navigation on the campus, gathering valuable insights.
The stock is rejecting the resistance zone at $0.68. There is a potential the stock could be forming a double bottom pattern. Bulls should watch for the confirmed breakout and close above the resistance zone.
