ARway Corporation (CSE:ARWY) said it has signed six new deals for its Software Development Kit (SDK), which showcases the increasing demand for this disruptive technology, with the deals ranging in size from $600-$10,000 based on the usage of the platform.
The company said it is seeing significant and accelerating interest and deal flow from augmented reality agencies, large corporations and brands that are looking to enhance their wayfinding experience.
ARway is now signing up new creative agencies weekly at a cost to the agency of $600-$10,000. These creative agencies already work with dozens or even hundreds of customers and brands that want and need this AR wayfinding technology.
READ: ARway says leading private healthcare provider across the Middle East and North Africa has chosen to utilize its AR wayfinding solution
By subscribing to the ARway platform the agency can demonstrate the ARway capabilities to their clients and act as a reseller for ARway’s solution. ARway wayfinding solutions range from $15,000-$30,000 annually plus .01 per square foot. The company is currently in negotiations for multiple full-service AR wayfinding contracts that have millions of square feet to map.
The Global Indoor Positioning and Indoor Navigation (IPIN) 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.
ARway’s SDK contains code libraries and API information that allows developers to build their own white label and private label mobile apps on both iOs and Android leveraging ARway's technology and creator tools to build AR wayfinding and spatial experiences. Creators and agencies will be able to develop white-label and private-label apps and access ARway APIs to author maps using the Web Creator Portal.
These latest SDK signings follow last week’s announcement that Saudi German Health has chosen to utilize ARway’s augmented reality wayfinding solution, at an initial cost of over $10,000 with expansion possibilities into the $100,000-plus annually. Saudi German Health is the leading private healthcare provider across the Middle East and North Africa.
The partnership is for a single project at one of Saudi German Health’s new locations in Makkah, Saudi Arabia with possible system-wide expansion to a total of 15 hospitals. The project aims to bring the latest AR technology to the healthcare sector, by utilizing ARway’s AR wayfinding and guiding solutions, aimed at enhancing the patient experience and making navigation within the hospital more efficient.
ARway’s groundbreaking technology will help patients and visitors navigate the complex medical facilities, providing clear and intuitive directions through the use of overlaid AR graphics and information.
Contact the author at jon.hopkins@proactiveinvestors.com