Mr. Anthony Brown reports
AMPD CEO PROVIDES CORPORATE UPDATE AND OUTLOOK FOR Q1 2020
AMPD Ventures Inc., on the day after the company held an official launch event for its first operational data centre, DC1, has provided its second quarterly update on progress since the company's listing on Oct. 17, 2019, as well as some glimpses into what lies ahead for the company in this first quarter of 2020.
AMPD specializes in providing high-performance computing and cloud solutions for next-generation applications including big data analysis and visualization, animation and visual effects rendering, multiplayer video games including e-sports, artificial intelligence, mixed reality, and high-level academic research.
Data centre 1 (DC1) project update
Initial client contract signings for DC1 have now been completed, most notably including a previously announced multiyear deal with the Emmy Award-winning animation studio Bardel Entertainment. Bardel is expected to utilize the AMPD remote render service housed inside DC1 to render animated television and movie content such as the popular Cartoon Network series Rick and Morty. Other previously announced deals include the high-performance hosting of the Digital Twin Learning Factory project in conjunction with Avcorp Industries Inc., Convergent Manufacturing Technologies, LlamaZOO Interactive Inc. and the University of British Columbia under Canada's Digital Technology Supercluster initiative. The learning factory will integrate the latest in virtual technologies and leverage AMPD's HPC platform to digitally design production lines for advanced aircraft parts.
A number of as-yet-unannounced deals and partnerships are in progress. The company expects that deals under negotiation in the pipeline will, when finalized, max out DC1's current capacity.
DC1 represents a more efficient, greener approach to urban data. Systems within DC1 capture the heat generated by the servers and repurpose it for use in the surrounding residential building, as well as producing clean drinking water.
The company formally christened DC1 with an official launch event on the evening of Jan. 16, with over 100 participants from across the digital media, video games and industry 4.0 sectors in British Columbia in attendance. The event was supported by technology partners including Telus Corp., AMD Inc., Super Micro Computer Inc., Kaminario, each of which are leaders in their respected fields and are enabling AMPD to become a rapidly emerging leader in the high-performance infrastructure space.
Data centre 2 (DC2) project update
Due to better-than-expected demand for DC1, plans for AMPD's second high-performance computing centre, DC2, have been accelerated. DC2 will be adjacent to DC1 and is expected to enable economies of scale across both centres and improving AMPD's capacity to meet the demands of companies requiring next-generation computer solutions.
The previously announced partnership with Capilano University for the development of the creative technology community, intended to house a three-megawatt AMPD data centre, is progressing satisfactorily.
AMPD continues to attract the interest of potential partners from across the digital media, video game and industry 4.0 sectors. On Nov. 13, 2019, the company announced its strategic partnership with My Esports Ventures Inc., through which AMPD will supply the digital infrastructure for My Esports Ventures' forthcoming e-sports gaming stadiums across North America.
A number of additional channel partnerships are expected to be formalized in the coming months, increasing AMPD's global footprint, as well as providing access to some of the world's leading video-game companies.
Hiring of Christene Best as vice-president of sales
On Jan. 8, 2020, AMPD announced that it had appointed Ms. Best as vice-president of sales, effective Jan. 2, 2020. Ms. Best joins AMPD from Infobip, a global mobile services cloud provider with offices in over 60 countries, where she was director of North American sales. Ms. Best's 20-year career in enterprise software and software-as-a-service sales leadership also includes stints as vice-president of sales and marketing at Klein Systems Group, vice-president of commercial sales and strategic alliances at 1-800-GOT-JUNK?, vice-president of sales, marketing and customer service at Fincentric Corp., and director of British Columbia sales operations at Xerox Canada.
Ms. Best's appointment has helped further increase the company's sales efforts and it is anticipated that additional account executives will be hired during this quarter to round out the company's sales team.
AMPD's chief strategy officer, James Hursthouse, presented at the GStar 2019 global game exhibition and conference, the largest gaming conference in South Korea, which took place from Nov. 14 to 17 in Busan, South Korea, alongside British Columbia provincial innovation commissioner Dr. Alan Winter and other leading experts from the on-line and mobile games industry.
Mr. Hursthouse also spoke at India Joy 2019 in Hyderabad, India, at the invitation of the organizers. India Joy is billed as the largest congregation of gaming, animation, visual effects (VFX), e-sports and entertainment events in India. AMPD hopes to pursue opportunities that may emerge from the India trip, specifically in relation to the rapidly burgeoning animation and VFX sector in the country, as appropriate over the coming months in conjunction with B.C.'s trade and investment offices in India.
Looking forward, AMPD plans to attend the annual DICE conference in Las Vegas in February, 2020, the game developers conference in San Francisco, Calif., in March, 2020, the GamesBeat summit in Los Angeles, Calif., in April, 2020, and SigGraph 2020 in Washington, D.C., in July, 2020, among other conferences and events.
On Friday, Jan. 10, 2020, AMPD announced a private placement of up to four million units, comprising of one common share of the company and one-half of one common share purchase warrant, with each whole warrant exercisable to purchase one additional share at a price of 50 cents per share for a period of 12 months from the date of closing of the private placement, at 23.75 cents per unit for gross proceeds of up to $950,000. This private placement replaced the private placement previously announced on Nov. 26, 2019, which was terminated by the company.
Prior to the completion of the private placement, certain subscribers that are shareholders of the company will sell 3,626,000 shares at 25 cents per share from their personal holdings, including Anthony Brown (chief executive officer and chairman) and Paul Mari (vice-president, operations) with the proceeds from such sale anticipated to be used to acquire an equal number of units under the private placement. The completion of the private placement is subject to a number of conditions, including receipt of approval of the Canadian Securities Exchange and other regulatory approvals, and all securities sold pursuant to the private placement will be subject to a four-month hold period.
The proceeds from the private placement are expected to be used for expansion, key staff hiring and general working capital purposes.
About AMPD Ventures Inc.
AMPD specializes in providing high-performance cloud and computing solutions for low-latency applications, including video games and e-sports, digital animation and visual effects, and big data collection, analysis and visualization.
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