ARway.ai (CSE:ARWY, OTCQB:ARWYF) told investors it is collaborating with Germany’s prestigious Institut für Innovations- und Informationsmanagement (iFii) to create an innovative AR navigation system on its campus using its AR wayfinding and Smart Campus activation technology.
The company said in a statement that the paid-partner deal is worth five figures annually depending on usage and represents a significant growth opportunity as iFii will refer ARway to other institutions and businesses in the EU by showcasing this project.
The partnership with iFii will revolutionize the way faculty and visitors experience its campus using an intuitive AR experience and AR-powered navigation, it added.
Highlighting the depth of the collaboration, the company said iFii will implement, evaluate and publish research on over 20 different use cases with ARway's technology,
The initiative aligns with iFii's vision of providing a modern and immersive campus experience and will ultimately highlight the advantages of its AR navigation technology over traditional "blue dot" navigation systems.
"We are looking forward to the opportunities and achievements that this partnership will bring to the world of augmented reality and campus navigation,” commented ARway CEO Evan Gappelberg.
“By combining cutting-edge technology, extensive research, and a shared vision for innovation, this collaboration promises to set new standards for smart campus navigation."
ARway.ai 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 stephen.gunnion@proactiveinvestors.com