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TransGaming Successfully Delivers Core Translation Technology to Pioneering Cloud Services Provider




TORONTO, ONTARIO — (Marketwired) — 11/26/13 — TransGaming Inc. (TSX VENTURE: TNG), today reported that the licensing agreement for $1 million USD, previously announced April 9, 2013, has been successfully delivered to its Fortune 1000 pioneering cloud services customer and payment has been received. This licensing agreement was based on the utilization of TransGaming-s core translation technologies to enable select products to run on new platforms, including embedded System-on-Chip (SoC) based devices.

“We provided our customer with a version of our core Direct3D® to OpenGL® portability technology that allows Direct3D graphics commands to be executed on other systems, including inexpensive embedded systems based on the low-cost and low-power ARM architecture,” said Vikas Gupta, CEO and President of TransGaming Inc. “This agreement exemplifies the pervasiveness of OpenGL on a spectrum of devices, including the majority of emerging consumer electronic devices, and the importance of TransGaming-s core translation technologies in enabling graphics-based applications across platforms. Our intellectual property continues to be validated and we expect it to play an ongoing critical role for hardware and software companies that are striving to enable and enhance graphics capabilities on a broad assortment of devices and applications.”

TransGaming has built a portfolio of proprietary technologies and deep intellectual property that enables games and graphics to deliver rich applications across different platforms, without the need for significant redevelopment. With the sheer multitude of devices that exist in the marketplace today, TransGaming-s technology is gaining increased visibility and attention for the critical role it plays in facilitating cross-platform support.

About TransGaming Inc.

TransGaming Inc. (TSX VENTURE: TNG) is the global leader in developing and delivering platform-defining social video game experiences to consumers around the world. From engineering essential technologies for the world-s leading companies, to engaging audiences with truly immersive interactive experiences, TransGaming fuels disruptive innovation across the entire spectrum of consumer technology. TransGaming-s core businesses span the digital distribution of games for Smart TVs, next-generation set-top boxes, and the connected living room, as well as technology licensing for cross-platform game enablement, software 3D graphics rendering, and parallel computing. Visit us at .

FORWARD-LOOKING STATEMENTS

Certain statements in this document may constitute “forward-looking” statements, which involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this document, such statements use words like “may”, “will”, “expect”, “continue”, “believe”, “plan”, “intend”, “would”, “could”, “should”, “anticipate” and other similar terminology. These statements reflect current assumptions and expectations regarding future events and operating performance and speak only as of the date of this document. Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not such results will be achieved. A number of factors could cause actual results to vary significantly from the results discussed in the forward-looking statements, including, but not limited to, the factors discussed under the “Risk Factors” section of the Company-s the most recently filed Annual Information Form which is available on SEDAR at .

Although the forward-looking statements contained in this document are based upon what we believe are reasonable assumptions, we cannot assure investors that our actual results will be consistent with these forward-looking statements. We assume no obligation to update or revise these forward-looking statements to reflect new events or circumstances, except as required by securities law.

Direct3D® is a registered trademark of Microsoft Corporation in the United States and/or other countries. OpenGL® and the oval logo are trademarks or registered trademarks of Silicon Graphics, Inc. in the United States and/or other countries worldwide. Other company and product names may be trademarks of their respective owners.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
TransGaming Inc.
Jean-Francois (JF) Dube
Investor Relations – Canada
+1 877 848 8790

Bender/Helper Impact for TransGaming
Ross Purnell
+1 310-694-3118





Posted by on 26. November 2013. Filed under Cable & Satellite Services, Picture Gallery. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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