Source: Reverb Communications
Emergent Game Technologies Reports 2009 Financial Results; Growth Exceeds Expectations and CEO Affirms Strong 2010 Outlook
Revenues Up 35 Percent Over Prior Year; Strong Licensing Deals and Reduction in Expenses Led Fourth Quarter; Gamebryo(R) LightSpeed(TM) Gaining Rapid Adoption Worldwide
CALABASAS, CA--(Marketwire - February 2, 2010) - Emergent Game Technologies, a worldwide
leader in 3D videogame engines, today reported a 35% increase in revenues
year over year and a 58% increase in profitability for the year ending
2009. Strong licensing deals and reduced expenses led the fourth quarter,
ending the year with over 120 deals closed. Growth was strongest in North
America, Japan and China, with Emergent™'s Gamebryo LightSpeed gaining
rapid adoption and driving the strong 2009 results.
"Emergent has made changes to weather the tough economic climate and is
poised to become stronger than ever as a result of those changes," says
Scott M. Johnson, Emergent's CEO. "While the Asian market and the US visual
simulation market never slowed for us, we are now seeing signs that game
development is starting to pick up in North America and Europe. Our core
message of reducing redundancies by using Gamebryo LightSpeed is resonating
with publishers and developers."
Based in Calabasas, CA, Emergent creates technologies that are driving
professional videogame development. Emergent's revolutionary game engine,
Gamebryo LightSpeed, was released in May 2009 and provides both established
and newly emerging studios with a flexible engine that continues to expand
and grow with their evolving development needs. LightSpeed empowers
developers to create their games in any genre and continues Emergent's
dedication to providing a one-stop cross-platform toolset for
PlayStation®3 computer entertainment system, Xbox®360, Wii™ and PC.
Fourth Quarter Fiscal 2009 and Recent Highlights:
-- Growth was in large part attributed to multi-SKU, multi-year commitments
from licensees in six countries, driving market share for Emergent.
-- Larian Studios commits to Emergent's technology for developing diverse
titles, including Divinity II - Ego Draconis (Xbox 360/PC) released Jan 5th
2010 and educational PC title Monkey Labs.
-- Cyanide Studios launches Blood Bowl for Windows PC and Xbox 360 in
January 2010, powered by Emergent's engine technology.
-- Emergent signs master licensing agreement with Interactive Believe
(InbeEdu) at Chongqing University in China and launched the Gamebryo
Engineer Certification Training Program with Gamebryo integrated directly
into the curriculum, and with all InbeEdu videogame engineering students
now trained using LightSpeed.
-- IPKeys, an emerging strategic partner in the government defense sector,
selected Emergent's LightSpeed to create counter-IED simulations for U.S.
Forces, specifically with the Joint Improvised Explosive Device Defeat
Organization's Technical Gaming Team (JIEDDO TGT).
-- Emergent and Scaleform® Corporation co-developed an out-of-the-box
integration that combines Scaleform GFx™ with LightSpeed, extending
LightSpeed's rapid iteration benefits to make it faster and easier than
ever for developers to create cutting-edge user interfaces (UIs) and video
using Scaleform and the Adobe® Creative Suite® and Flash® tools.
-- Three additional development technology providers joined more than 20
members of Emergent's partner program in creating integrations; Evolver's
easy-to-use web interface for building and customizing 3D character models
and avatars, Pixelux' Digital Molecular Matter and Sundog's
SilverLining™ for physically realistic skies, clouds, lighting, and
Emergent's game development products have been used for more than 300
successful projects. For more information, please visit www.emergent.net.
Best known for its industry-leading 3D game engines, Gamebryo and Gamebryo
LightSpeed, Emergent's technologies have been selected by studios around
the globe to bring nearly 300 titles across more than 15 genres to market,
including Game of the Year award-winning titles like The Elder Scrolls IV:
Oblivion, as well as critically acclaimed titles like Warhammer Online: Age
of Reckoning, Civilization Revolution and Bully. Emergent's videogame
technology is allowing studios to focus on innovative gameplay by enabling
rapid prototyping, rapid iteration and rapid production with real-time
on-target updates for Xbox 360, PlayStation 3, Wii and PC. As part of the
international development community, Emergent provides world class support
and technologies evolved from deep relationships with its developer
Emergent is headquartered in Calabasas, California, and has offices in
Chapel Hill, NC; London; Tokyo; China and Korea. To learn more, please
Emergent, LightSpeed, Gamebryo and related logos are trademarks or
registered trademarks of Emergent Game Technologies, Inc., or its
affiliates in the U.S. and other countries. Other names may be trademarks
of their respective owners.
Copyright © 2010 Emergent Game Technologies, Inc.
Contact Information: Emergent Media Contact:
(209) 586-1495 x104