ARway.ai Announces
Localiza Car Extends Its Contract After Its Successful Airport
Deployment of AR Navigation
TORONTO, ON,
Canada -- January 18, 2024 -- InvestorsHub NewsWire
-- ARway.ai
(“ARway” or the
“Company”) (CSE:
ARWY), (OTC:
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 is pleased to announce its contract has been extended
after the successful completion of a pilot deployment at Congonhas
Airport in São Paulo, in partnership with Localiza Rent a Car S.A.,
the largest car rental network in South America. This deployment,
completed in December 2023, marks a significant milestone in
enhancing the travel experience for car rental customers. Localiza
Rent a Car (LZRFY) is the largest car rental network in South
America, with 540 locations in 9 countries.
In
recognition of the successful deployment and the potential benefits
to the customer experience, Localiza has extended its contract with
ARway.ai for 2024 on a subscription-based model. This extension
underscores the confidence in ARway's technology and its alignment
with Localiza's vision of delivering a differentiated customer
experience.
CEO
Evan Gappelberg commented, “We are thrilled with the successful
deployment of ARway's navigation technology at Congonhas Airport,
in collaboration with Localiza. This accomplishment not only
signifies a major leap in airport navigation technology but also
underscores the scalable potential of ARway's solutions in global
markets. For our investors, this represents an exciting
opportunity. This is more than just a technological advancement;
it's a strategic expansion into new markets and sectors. Our
investors should be excited about this because we are not only
redefining the way people navigate spaces but also paving the way
for ARway's technology to become an integral part of daily life
across various industries. The success at Congonhas Airport is a
first step in widespread adoption and potential of indoor AR
navigation, promising significant returns and growth opportunities
in the future.”
As
part of its ongoing commitment to improving customer satisfaction,
Localiza has commissioned a consumer research organization in
Brazil to conduct a comprehensive survey starting Friday, 19
January 2024. This survey aims to evaluate the efficacy and user
experience of ARway's technology at Congonhas Airport. Participants
in the survey will be offered a discount voucher from Localiza,
encouraging widespread participation and engagement.
The
project is slated to run for 30-90 days or until a statistically
significant dataset of respondents is achieved. This data will
enable Localiza and ARway to derive detailed insights and analysis
on the usage and impact of the AR navigation system.
The original contract between ARway.ai and Localiza was announced
in August 2023, signifying a
major step in integrating indoor AR navigation across major
airports in Latin America. The initial phase of this project
commenced at Congonhas Airport, São Paulo, as a pilot in February
2023. This innovative technology has since proven to be a
game-changer in navigating airports, significantly aiding travelers
from baggage pickup to their transportation depot, which includes
car rentals and other transport services.
Watch
a demo video of an indoor AR activation at an airport using ARway’s
technology:
click here to watch
The
ARway platform revolutionizes the traditional airport navigation
experience through its cutting-edge spatial computing technology.
By creating a 3D map of the airport, passengers can quickly and
intuitively find terminals, gates, and other key locations. The
platform's inclusion of voice commands and other user-friendly
features has elevated it as a more efficient and convenient option
compared to conventional navigation methods.
As
this project progresses, ARway.ai and Localiza Rent a Car continue
to demonstrate their commitment to leveraging technology for
enhancing customer experiences at airports. Their partnership
stands as a testament to the innovative application of AR in
everyday scenarios, paving the way for further advancements in this
field.
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About
ARway.ai
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.
Nextech
3D.ai
On
October 26, 2022, ARway.ai. was spun-out from its parent Company,
Nextech3D.ai (OTCQX: NEXCF) (CSE: NTAR) (FSE: 1SS).
Nextech
retained a control ownership in ARway.ai. with 13 million shares,
or a 50% stake. Nextech3D.ai is a Generative AI powered 3D modeling
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
For
further information, please contact:
Investor Relations
Contact
Julia
Viola
investor.relations@arway.ai
ARway.ai
Evan
Gappelberg
CEO
and Director
866-ARITIZE
(274-8493)
Forward-looking
Statements
The CSE has not
reviewed and does not accept responsibility for the adequacy or
accuracy of this release.
Certain
information contained herein may constitute “forward-looking
information” under Canadian securities legislation. Generally,
forward-looking information can be identified by the use of
forward-looking terminology such as, “will be” or variations of
such words and phrases or statements that certain actions, events
or results “will” occur. Forward-looking statements regarding the
completion of the transaction are subject to known and unknown
risks, uncertainties and other factors. There can be no assurance
that such statements will prove to be accurate, as future events
could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on
forward-looking statements and forward-looking information.
ARway.ai will not update any forward-looking statements or
forward-looking information that are incorporated by reference
herein, except as required by applicable securities
laws.
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