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ARway Corp (CSE:ARWY) (OTCPK:ARWYF) launches breakthrough computer vision-enhanced wayfinding technology

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CSE:ARWY
25 January 2023 12:30 (EDT)

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ARway (ARWY) has launched its new Image Access Point technology.

Image recognition and tracking for localization and wayfinding is a newly developed technology that uses computer vision to trigger from a brand image or logo. Developers can now pre-select which images will serve as AR triggers, also known as Image Access Points.

The company plans to file an application to have this technology patented in Q1, 2023.

ARway Corp. believes this breakthrough technology has significant revenue implications in advertising and adds to ARway’s value proposition.

Image Access Point technology allows smartphones to recognize 2D images, activating an augmented reality (AR) map and experiences linked to that specific location. By using advanced computer vision technology, it can detect and augment images, providing a seamless and engaging experience for users.

Evan Gappelberg, CEO of ARway, sat down with Sabrina Cuthbert to discuss the news.

“This technology offers a new and substantial revenue driver for ARway by providing interactive experiences and advertising opportunities, increasing foot traffic to specific areas or products. As a Company, we are committed to staying at the bleeding edge of AR technology and bringing innovative solutions to our customers. We believe that Image Access Point technology is game-changing and expect that it will only accelerate the adoption of our tech with new customers. He continued, “By 2027, the market for image recognition technology will be worth $76 Billion, and so again, we are positioning our Company at the forefront of yet another multi-billion dollar decade-long mega-trend.”

Arway is focused on developing an all-in-one real-world Metaverse creation tool with self-generating AR mapping solutions for consumers and brands alike.

Arway Corp. (ARWY) opened trading at C$1.10.


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