Investee Company Update: Leap Gaming

RNS Number : 3090I

FastForward Innovations Limited

01 April 2020

 

FastForward Innovations Ltd / AIM: FFWD / Sector: Closed End Investments

1 April 2020

FastForward Innovations Ltd ("FastForward" or, "FFWD")

Investee Company Update: Leap Gaming

FastForward Innovations Ltd, the AIM quoted company focusing on making investments in fast growing and industry leading businesses, is pleased to note the update from IMG Arena on the launch of its official virtual tennis product. FastForward has a 43.4% interest in Fralis LLC ('Leap Gaming'), which has a strategic partnership with IMG Arena.

Leap Gaming is a B2B developer of high-end gaming applications whose realistic 3D immersive games are offered by leading online and retail gaming operators around the world.   In 2018, it formed a strategic partnership with IMG Arena, a data system division of global sports, events and entertainment agency IMG, which provides bookmakers with live streaming and virtual sports products.  This partnership sees the two companies collaborating on sales and product development initiatives; IMG Arena also holds an equity stake in Leap Gaming. 

IMG Arena is launching an official virtual tennis product, jointly developed by IMG Arena and Leap Gaming. The product is being launched in partnership with ATP Media, the global sales, broadcast production and distribution arm of the ATP Tour, a worldwide top-tier tennis tour organised by the Association of Tennis Professionals. This first-ever officially branded virtual tennis product, which will be available in April, will feature logos from the ATP Masters 1000 series along with official tournament names, to deliver an authentic experience.

Lorne Aborny, Chairman of FastForward, commented: "We are delighted to see that Leap Gaming is working with its strategic partner, IMG Arena, to advance its strong pipeline of products, using top of the line motion capture technology to create extremely realistic experiences for its customers."

ENDS

For further information on the Company please visit www.fstfwd.co   or contact:

Ed McDermott / Lance de Jersey	FastForward Innovations Ltd	Email: [e-mail]
James Biddle / Roland Cornish	Beaumont Cornish Limited, Nomad	Tel: [phone]
Jeremy King	Optiva Securities Limited, Broker	Tel: [phone]
Isabel De Salis / Beth Melluish	St Brides Partners Ltd, Financial PR	Tel: [phone]

Notes

FastForward innovations is an AIM quoted investment company focused primarily on disruptive high growth life sciences and technology businesses particularly within the medical cannabis arena. The Company's strategy is to identify early stage opportunities that have an upcoming investment catalyst and grow its portfolio in terms of value whilst limiting the number of investee companies to a level where relevant time can be devoted to each.

 

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