Spin-Out of Nextech AR’s Spatial Computing Platform, “ARway” is Now Complete
Nextech AR Solutions Corp. (“Nextech” or the “Company”), Metaverse Company and leading provider of augmented reality (“AR”) experience technologies, wayfinding technologies and 3D model services is pleased to announce that the spin-out of ARway Corp., a no-code spatial computing platform for real-world metaverse is now complete.
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ARway began trading on the Canadian Securities Exchange (CSE) on Wednesday, October 26, 2022 using the ticker symbol: ARWY. Nextech AR believes ARway is the first pure-play spatial computing public Company.
Nextech AR has retained an ownership stake of 13 million shares of ARway, and is distributing 4 million additional shares as a stock dividend to Nextech shareholders on a pro-rata basis, which are now expected to settle in brokerage accounts on Friday, October 28, 2022.
No Hardware.
No BLE Beacons.
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Create precise and robust navigation without any on-site hardware installation and ongoing maintenance.
ARway is disrupting the augmented reality wayfinding market with a no-code, no hardware, no BLE beacon, spatial computing platform enabled by visual marker tracking. ARway can create precise and robust navigation without any on-site hardware installation and ongoing maintenance which represents a significant TAM opportunity for ARway, as the global indoor positioning and indoor navigation market is projected to reach $44 Billion by 2025, growing at a CAGR of 42.0% from 2018 to 2025, according to Allied Market Research.1
While ARway is focusing revenue generation towards AR wayfinding, it is finding applications of its robust AR engine in additional markets that are opening up entirely new revenue opportunities. Announced earlier this week, ARway’s technology is now being used as part of the XR engine powering the music app: Encore. This application of the ARway platform opens up a substantial new market; providing AR spatial activations for the music industry.
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