TORONTO, ON / ACCESSWIRE / August 29, 2023 / ARway.ai ("ARway" or the "Company") (CSE:ARWY)(OTCQB: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 that the CEO Evan Gappelberg has purchased 18,000 shares in open market buys on August 24th & 25th with an avg purchase price of $0.45 USD or $0 .61 CAD.
Evan Gappelberg CEO of ARway Comments "It's clear to me that our technology is very valuable and being well received by our customers which include mall operators, rental car companies, museums, stadiums, hospitals and developers. It's also clear to me that our share price is very low and not reflective of the upside potential that I see with our augmented reality platform." He continues "We are only just entering the first inning of a nine inning game. I believe that we have the technology and team to be a leader in the indoor positioning and navigation market which is estimated to be worth $5.9 billion today growing at a CAGR of 42.6% and is expected to reach $102billion by the end of this decade, according to Maximizer market Research. That's why I'm buying stock and adding to my position here."
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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.
On October 26, 2022, ARway.ai. was spun-out from its parent Company, Nextech3D.ai (OTCQX: NEXCF) (CSE: NTAR) (FSE: EP2). Nextech retained a control ownership in ARway.ai. with 13 million shares, or a 50% stake. Nextech3D.ai is a Metaverse 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
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SOURCE: ARway Corporation
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