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TNG

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Share Name Share Symbol Market Type
TSXV:TNG TSX Venture Common Stock
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TransGaming Announces New Licensing Model; Expansion of Its Leading Games Technology to Mobile Platforms; and Games Publishin...

15/04/2014 1:30pm

Marketwired Canada


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(R)-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(R) based content on any device or
system that supports Open GL(R) 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
TransGaming Inc.
Jean-Francois (JF) Dube
Investor Relations - Canada
+1-855-630-8475
investors@transgaming.com


Bristol Capital
Glen Akselrod
Investor Relations - United States
+1 (905) 326-1888
glen@bristolir.com


Bender/Helper Impact for TransGaming
Ross Purnell
+1 (310) 694-3118
ross_purnell@bhimpact.com

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1 Year TransGaming Inc. Chart

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