Announces end of Beta phase of Elite: Dangerous

RNS Number : 0419W

Frontier Developments PLC

04 November 2014

 

4 November 2014

Frontier Developments plc

(the “Company”)

Announces end of Beta phase of Elite: Dangerous

Frontier Developments plc (AIM: FDEV; “Frontier”, the “Company”), a leading independent developer of video games with studios in Cambridge, UK and Halifax, Canada, publically announced last week that the Beta phase of its development of Elite: Dangerous will come to an end on Saturday 22 November 2014, with the full public release happening in the current calendar quarter.

22 November is also the date Frontier has announced for the worldwide Premiere event it is holding for Elite: Dangerous at Imperial War Museum, Duxford.

Frontier has now raised total funding via Kickstarter, the crowd-funding website, and its own site of over £7.5 million from over 140,000 backers in order to develop Elite: Dangerous.

David Braben, Chief Executive Officer of Frontier Developments, said:

"Development continues to track well for a 2014 launch, and the end of a successful Beta phase on the 22^nd November means we expect to be able to recognize a substantial portion of the deferred revenue received before the end of the calendar year."

Enquiries:

Frontier Developments	[phone]
David Braben, CEO David Walsh, COO Neil Armstrong, CFO
Canaccord Genuity	[phone]
Simon Bridges/Cameron Duncan
Finncap	[phone]
Malar Velaigam
Tulchan Communications	[phone]
James Macey White / Tom Buchanan

About Frontier Developments

Frontier Developments plc, listed on the AIM stock market (ticker: FDEV), is a leading independent game developer founded in 1994 by David Braben, co-author of the seminal ‘Elite’ game. Based in Cambridge, UK and Halifax, Nova Scotia, Canada, Frontier uses its proprietary ‘Cobra’ game development technology to create innovative games across videogame consoles, computers, smartphones and tablets.

The studio released Zoo Tycoon as a launch title for Microsoft’s Xbox One console in 2013 and is currently working on Tales From Deep Space for Amazon, ScreamRide for Microsoft and other unannounced titles in addition to Elite: Dangerous.

www.frontier.co.uk

 

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