ARway Corp. Signs Multiple New SDK Deals For Indoor Positioning (IPIN) & Augmented Reality Navigation

Company continues to gain traction in $44 billion global indoor positioning and indoor navigation (IPIN) market

TORONTO, ON / ACCESSWIRE / March 15, 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 excited to announce that the Company has signed five new deals for its Software Development Kit (SDK), which showcases the increasing demand for this disruptive technology. Since its SDK was released on January 31, 2023 the company has been experiencing a wave of demand from resellers, enterprise corporations and brands, which is expected to drive significant revenue in 2023.

According to research from Technavio, the $44 billion global indoor positioning and indoor navigation (IPIN) market will grow by USD 23.03 billion from 2020 to 2025, and the growth momentum of the market will accelerate at a CAGR of 33.21% during the forecast period. The market growth will be led by North America, as this region will account for 40% of the market's growth during the forecast period.

New Deals

• MPSKIN - SDK Partner: Using the ARway platform for existing map management of virtual tours and implementing new augmented reality tours on site at museums & art Galleries
  
• The TRIBE - SDK Partner: Using ARway to build a custom AR-powered app for their marketing agency to showcase capabilities to clients
  
• Suggesto - SDK Partner: Using ARway for a new experiential location-based game for its local customers in Italy
  
• ENCORE EAS: Entertainment Technology Provider based in MENA. Using ARway in Airports for Wayfinding and Guided tours.
  
• Rayqube - SDK Partner: Agency based in Dubai building an experiential AR app for some of their select client locations to drive social engagement/sharing

These SDK deals range in size from $600-$10,000 based on the usage of the platform, and are within various industries representing a wide range of use cases for ARway technology (see below). The Company is especially seeing significant and accelerating deals from augmented reality agencies. These creative agencies already work with dozens or even hundreds of customers and brands that want and need Arway's 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.