InvestmentPitch Media Video Discusses ARway’s License of its Augmented Reality Spatial Computing Navigation Platform for Minimum of $500,000 Annually with Plans to Disrupt $50 billion Exhibition Industry
VANCOUVER, British Columbia, July 21, 2023 (GLOBE NEWSWIRE) — ARway Corporation (CSE:ARWY) (OTCQB:ARWYF) (FSE:E65), the leading provider of an innovative Augmented Reality Experience platform, announced a groundbreaking partnership with Map D, a well-established event technology company. Map D, a 13-year old event technology company wholly owned by Nextech3D.ai. (OTCQX:NEXCF) (CSE:NTAR), specializes in providing innovative solutions that enhance attendee and exhibitor experiences.
A Media Snippet accompanying this announcement is available by selecting the image or link below:
For more information, please view the InvestmentPitch Media video which provides additional information about this news and the company, along with video comments from Evan Gappelberg, CEO. The video is available for viewing on “InvestmentPitch” and on “YouTube”. If these links are not enabled, please visit www.InvestmentPitch.com and enter “ARway” in the search box.
Under Map D’s contract to license ARway’s spatial computing navigation platform, ARway is guaranteed a minimum of $500,000 over 12 months with ARway entitled to an additional 10% royalty should sales exceed $500,000 within any 12-month period.
Through this strategic partnership, Map Dynamics aims to disrupt the trade show industry through the introduction of ARway’s cutting-edge augmented reality indoor navigation system. This momentous partnership sets the stage for a new era in the trade show industry, where augmented reality navigation becomes an integral part of the event experience. It is expected the synergy of these two industry leaders will drive innovation, foster growth, and position both companies at the forefront of the evolving event technology landscape.
Michael Candela, Map D’s Senior VP, Strategic Markets, stated: “The fusion of Map D’s robust interactive mapping technology with ARway’s innovative augmented reality capabilities is not just an upgrade; it’s a leap forward that promises to revolutionize the navigation, and advertising experiences at events!”
ReportLinker reports that the global exhibition market size is expected to reach over $50 billion, growing at a CAGR of over 3% during the period 2019–2025, with the US region the largest market for exhibitions.
The shares, which began trading in November, are trading at $0.67. For more information, please visit the company’s website www.arway.ai or contact Evan Gappelberg, CEO, at 866-274-8493. For Investor Relations, contact Julia Viola at [email protected].
About InvestmentPitch Media
InvestmentPitch Media leverages the power of video, which together with its extensive distribution, positions a company’s story ahead of the 1,000’s of companies seeking awareness and funding from the financial community. The company specializes in producing short videos based on significant news releases, research reports and other content of interest to investors.
Disclaimer
The information in this InvestmentPitch Media Ltd video is for the viewers information only. ARway has paid a fee not exceeding $2,000 in cash to have its current news release produced in video format. The corporate information is based on information that is publicly available. Any information provided by InvestmentPitch Media Ltd., through its media services is not to be construed as a recommendation or suggestion or offer to buy or sell securities but is provided solely as an informational media service. InvestmentPitch Media Ltd makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the viewer or their financial advisor. Investing in securities is speculative and carries risk.
CONTACT:
InvestmentPitch Media
Barry Morgan, CFO
[email protected]
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. TheTechOutlook.com takes no editorial responsibility for the same. 