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The Markets
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The Markets
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Tech

AMPD Ventures closes C$1.1M technology sale to leading digital media firm

“We are very pleased to complete this sale to an established leader in the digital media industry, further validating AMPD’s technologies which resonates across numerous key sectors in digital content creation," commented AMPD Ventures CEO

AMPD Ventures Inc has announced the C$1.1 million technology sale to a leading Vancouver-based digital media company that comprises high-performance workstations and networking systems specifically designed for content creation.

The sale takes new purchase orders received by AMPD since October 2021 to over C$2.6 million. Revenue on these orders will be realized as the orders are shipped.

“We are very pleased to complete this sale to an established leader in the digital media industry, further validating AMPD’s technologies which resonates across numerous key sectors in digital content creation," commented AMPD Ventures CEO Anthony Brown in a statement.

READ: AMPD Ventures inks deal with Parsec Cloud to bolster Virtual Studio offering

"More and more customers are trusting AMPD to provide them with the right technology solutions to fulfill their custom content creation needs. AMPD technology solutions improve operational efficiency and reduce operational costs while improving performance for the latest and greatest applications.

“Although COVID and supply issues continue to plague most companies AMPD has been able to navigate these waters effectively, continuing on a strong growth path and expects to see a solid growth multiple in comparison to FY2021,” Brown concluded.

AMPD Ventures is a next-generation infrastructure company specializing in providing high-performance computing solutions for low-latency applications.

With state-of-the-art, high-performance computing solutions hosted in sustainable urban data centres, AMPD is leading the transition to the next generation of computing infrastructure as 'the hosting company of the Metaverse'.

Through a mix of infrastructure as a service (IaaS) and an upgraded, high-performance cloud offering, it is meeting the low-latency requirements of multiplayer video games and eSports, computer graphics rendering, artificial intelligence, machine learning, mixed reality, big data processing, and the as-yet uncharted technological developments of the coming decades.

Contact the author at jon.hopkins@proactiveinvestors.com

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