TORONTO, ONTARIO--(Marketwired - April 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.