ARway.ai (CSE:ARWY, OTCQB:ARWYF) has announced new strategic international partnerships with AI Africa out of South Africa, Vraxa out of Australia, and Brink Interactive in the United States.
The augmented reality experience platform provider said it has partnered with digital agency and marketing company AI Africa to provide indoor navigation services to its clients, with the partnership having a customer lifetime value (CLV) of $464,715.
Meanwhile, the company said its technology will be leveraged in a variety of use cases by Vraxa, an international production house that specializes in 360 videos and augmented reality, virtual reality and extended reality solutions for clients in retail, media, hospitals, and more.
Branding, customer experience, marketing technology, strategy and account services agency Brink Automotive will also deploy ARway’s technology in a variety of use cases for its clients in retail, automotive, telecom, real estate and more.
These partnerships are valued by ARway at $320,000 and $1,896,760 CLV, respectively.
The company said these partnerships will propel its reach further in the indoor navigation industry and toward profitability.
They come after ARway recently announced it has signed contracts with Süleyman Demirel Üniversitesi situated in Isparta, Turkey, South American car rental network Localiza, and one of the largest shopping malls in California.
ARway is a spatial computing platform powered by artificial intelligence (AI) providing an array of augmented reality (AR) experiences for indoor spaces.
Contact the author at emily.jarvie@proactiveinvestors.com
Follow her on Twitter @emilyjjarvie