ARway Corp. Files First Provisional Patent In a Series for Digital Twin Technology

Company is building a patent moat around its game-changing AI powered technology

TORONTO, ON / ACCESSWIRE / March 7, 2023 / ARway Corporation ("ARway" or the "Company") (CSE:ARWY), (OTC PINK:ARWYF) (FSE:E65) is an AI powered Augmented Reality Navigation platform with a disruptive no-code, no beacon spatial computing solution enabled by visual marker tracking with centimeter precision. ARway is pleased to announce the Company has filed the first in a series of patents around its technology. The provisional utility patent titled "System & method for generating 3D digital twins from property floorplan images for Augmented Reality systems," was filed with the United States Patent and Trademark Office (USPTO) and is a crucial step in advancing ARway's digital twin technology. This disruptive technology eliminates the complexity and expense of creating digital environments with hardware like BLE beacons, Ultra Wide Band, satellite technology as well as laser and LiDAR scanners.

This technology is a foundational key part of the value proposition of the ARway platform and positions the Company at the forefront of the $44 Billion global indoor positioning and indoor navigation (IPIN) market. With this patent filing, ARway is poised to revolutionize indoor navigation with its no-code, no-hardware spatial computing platform.

ARway CEO Evan Gappelberg commented, "We are excited to announce this first in a series of planned patent filing for ARway's digital twin technology. We believe that this technology will become a cornerstone of our ARway platform and help us further establish the Company as a leader in the global indoor positioning and indoor navigation market. This market represents a massive revenue opportunity for ARway as the Company aims on becoming the leading service provider for indoor navigation across all industries."

ARway's technology transforms two-dimensional floor plans and architectural drawings into 3D digital twins that serve as an accurate reference model for remote AR content authoring. The ARway ``Map" in the Creator Portal is representative of the real-world size and scale of the property, ensuring accurate authoring of AR scenes. ARway's technology eliminates the complexity of creating digital environments with expensive hardware and scanners. These digital environments for authoring are also generated without writing code making it vastly more accessible for the user with unmatched intuitiveness.