Today's News

Vancouver, BC, November 8, 2022--(T-Net)--Nextech AR Solutions Corp. (OTCQB: NEXCF, CSE: NTAR), a Metaverse Company and provider of augmented reality ("AR") experience technologies, wayfinding technologies and 3D model services announced that its spin-out of ARway Corp., a no-code spatial computing platform for real-world metaverse is now complete.

ARway began trading on the Canadian Securities Exchange (CSE) on Wednesday October 26, 2022 using the ticker symbol: ARWY. 

Nextech AR has retained an ownership stake of 13 million shares of ARway, and says it 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.

The company says 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.

While ARway is focusing revenue generation towards AR wayfinding, it is finding applications of its AR engine in additional markets that are opening up entirely new revenue opportunities. 

About ARway

ARway is disrupting the Augmented Reality Wayfinding market with a no-code, no beacon spatial computing platform enabled by visual marker tracking. Visitors can access a venue map by scanning a visual marker (e.g., QR code) with their smartphone and navigate to any Point of Interest (POI) by following an augmented path and step-by-step directions, while interacting with rich AR content and experiences. ARway only requires end-users to scan a QR code with their smartphone to activate.

About Nextech AR

Nextech AR Solutions is the engine accelerating the growth of the Metaverse. Using breakthrough AI, Nextech AR is able to quickly, easily and affordably ARitize (transform) vast quantities and varieties of existing assets at scale making products, people and places ready for interactive 3D use, giving creators at every level all the essential tools they need to build out their digital AR vision in the Metaverse.

Our platform agnostic tools allow brands, educators, students, manufacturers, creators, and technologists to create immersive, interactive and the most photo-realistic 3D assets and digital environments, compose AR experiences, and publish them omnichannel. With a full suite of end-to-end AR solutions in 3D Commerce, Education, Events, and Industrial Manufacturing, Nextech AR is in a unique position to meet the needs of the world's biggest brands and all Metaverse contributors.

Nextech funds the development of its AR and Metaverse growth initiatives through its eCommerce platforms, which currently generate most of its revenue. Nextech's eCommerce platforms include: vacuumcleanermarket.com ("VCM"), infinitepetlife.com ("IPL") and Trulyfesupplements.com ("TruLyfe").

VCM and product sales of residential vacuums, supplies and parts, and small home appliances sold on Amazon. These eCommerce platforms serve as an incubator for developing and testing Nextech's leading edge AR, AI and machine learning applications for powering next-generation eCommerce technology.