TransGaming Announces New Licensing Model; Expansion of Its Leading Games Technology to Mobile Platforms; & Games Publishing ...
April 15 2014 - 8:30AM
Marketwired
TransGaming Announces New Licensing Model; Expansion of Its Leading
Games Technology to Mobile Platforms; and Games Publishing to Reach
Larger Customer Base
Company Adds Outbound and Source Code Technology Licensing; Full
Spectrum Game Publishing; and Ability to Enable PC Games For
Android and iOS Platforms
TORONTO, ONTARIO--(Marketwired - Apr 15, 2014) - TransGaming
Inc. (TSX-VENTURE:TNG), a global leader in delivering innovative
technology solutions for the rapidly evolving video games industry,
today announced a significant leap for its Graphics and Portability
Group (GPG) by adding technology source-code licensing, full game
publishing and the added support for the enablement of PC games and
other DirectX®-based content on Android, iOS and SteamOS. These new
products are market-driven opportunities to extend the company's
existing technology leadership business. The company's strategy is
tied to a changing industry, customers' increased demand for
technology to solve urgent development needs and the opportunity to
achieve scalability.
Offering technology source-code licensing for customers
represents the most monumental extension in TransGaming's Graphics
and Portability Group business since the introduction of Cider for
Mac video game enablement in 2006. Previously, TransGaming only
worked with clients to transfer PC games to Mac by internally
enabling those games, using its proprietary technology on behalf of
game developers and publishers. Now, TransGaming is licensing its
industry leading technology, including a source-code licensing
option, directly to customers, enabling game developers to harness
TransGaming's technology themselves in order to bring the entire
process in-house and allowing them to easily support multiple
platforms with only one code base, which saves significant time and
costs.
Additionally, developers can deploy the TransGaming technology
at any time, even at or near the end of the development cycle.
Typically, incorporating new technology or targeting new platforms
requires implementation early in a game's development cycle, but
TransGaming's technology has the versatility to be deployed at any
stage, including at the end of development or post product launch,
which provides a major benefit and unlimited flexibility for game
developers.
Secondly, TransGaming is now a full spectrum games publisher for
titles on the Mac platform. Game companies with industry leading PC
titles can partner with TransGaming to manage the complete games
publishing model including distribution and marketing. TransGaming
has been a successful Mac games company for over 7 years and will
expand that expertise and market reach as a publisher. TransGaming
has created the Mac SKUs for best-selling PC games from the
industry's most successful publishers, including CCP, Disney,
Electronic Arts, NCSoft, Take-Two.
Lastly, TransGaming has added support to its technology platform
to enable PC games for Android and iOS devices and for SteamOS.
With TransGaming's technology, customers can enable their DirectX®
based content on any device or system that supports Open GL® or
OpenGL ES. Game developers can save significant time and resources
by using TransGaming's innovative technology platform while
realizing new revenue streams.
"We are changing the way TransGaming operates with our customers
by significantly modifying our licensing models, by entering the
game publishing arena, and by supporting more platforms where high
quality games are in massive demand. We've seen an incredible
appetite by the industry to utilize our technology platform under
these new models and our customers will now be able to reach new
devices, systems and audiences without the need to engage in the
traditional expensive process of porting or redevelopment of their
content," said Vikas Gupta, President and CEO of TransGaming. "This
expansion was a significant new focus and required a sizeable
resource allocation. We've spent the last quarter readying our
technology to meet the needs of this new model and customer demand
and we expect the revenue opportunity to scale rapidly in the
coming quarters and provide a robust return on investment. We've
already commercially engaged with industry leading game companies
and will be announcing these customer wins soon."
TransGaming has been investing in its enablement technology
platform for more than a decade and has the most sophisticated
DirectX to Open GL technology in the world, which has already been
proven with the biggest game developers and publishers and on the
biggest game franchises. This technology platform is managed within
the company's Graphics and Portability Group and the new models and
opportunities are driven by market demand and the emergence of new
devices that are primarily OpenGL based.
A whitepaper detailing TransGaming's binary and source level
portability technologies can be found here:
http://bit.ly/1qXeHyu
A president's message video from Vikas Gupta about this strategy
is available here: http://transgaming.com
About TransGaming Inc.
TransGaming Inc. (TSX-VENTURE:TNG) engineers technologies that
ignite experiences, delighting audiences around the world. From its
roots as a trailblazer in cross-platform enablement, TransGaming
has expanded to deliver essential solutions fuelling software 3D
graphics rendering, parallel computing, and the distribution of
digital content. TransGaming's disruptive innovations are now used
by everyone from home consumers, to the largest and most
influential tech companies in the world. Visit us at
www.transgaming.com.
FORWARD-LOOKING STATEMENTS
Certain statements in this document may constitute
"forward-looking" statements, which involve known and unknown
risks, uncertainties and other factors which may cause our actual
results, performance or achievements, or industry results, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements. When used in this document, such statements use words
like "may", "will", "expect", "continue", "believe", "plan",
"intend", "would", "could", "should", "anticipate" and other
similar terminology. These statements reflect current assumptions
and expectations regarding future events and operating performance
and speak only as of the date of this document. Forward-looking
statements involve significant risks and uncertainties, should not
be read as guarantees of future performance or results, and will
not necessarily be accurate indications of whether or not such
results will be achieved. A number of factors could cause actual
results to vary significantly from the results discussed in the
forward-looking statements, including, but not limited to, the
factors discussed under the "Risk Factors" section of the Company's
the most recently filed Annual Information Form which is available
on SEDAR at www.sedar.com.
Although the forward-looking statements contained in this
document are based upon what we believe are reasonable assumptions,
we cannot assure investors that our actual results will be
consistent with these forward-looking statements. We assume no
obligation to update or revise these forward-looking statements to
reflect new events or circumstances, except as required by
securities law.
Neither TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this
release.
TransGaming Inc.Jean-Francois (JF) DubeInvestor Relations -
Canada+1-855-630-8475investors@transgaming.comBristol CapitalGlen
AkselrodInvestor Relations - United States+1 (905)
326-1888glen@bristolir.comBender/Helper Impact for TransGamingRoss
Purnell+1 (310) 694-3118ross_purnell@bhimpact.com