Last checked at 11 Jun 2019 09:30
11 June 2019
Frontier Developments plc
Publishing partnership agreement with Haemimont Games
Surviving Mars and Tropico developer first signee to Frontier Publishing
Frontier Developments plc (AIM: FDEV, "Frontier", the "Company"), a leading developer and publisher of videogames based in Cambridge, is pleased to announce a publishing partnership with experienced developer Haemimont Games (the "Agreement").
As referenced in the Company's 2018 annual results, external partnerships (including third party publishing agreements where Frontier brings other developers' games to market) are expected to form an important element within the Company's plans as it continues to grow its portfolio. The Agreement marks the first publishing partnership under Frontier's new Frontier Publishing initiative.
Haemimont Games ("Haemimont"), founded in 1997 in Bulgaria, boasts a passionate team of over 60 highly skilled people and a wealth of experience in the strategy and management game genres, developing the hit title Surviving Mars and titles in the Tropico series. The partnership will see Frontier and Haemimont work together on a new project for release in two to three years' time, with Frontier providing the development funding as well as marketing and distribution.
This deal is strategic and the first step to growing Frontier's publishing business with third party titles. The Board expects the publishing business to become a material contributor to the group in years to come, as more partnerships are agreed.
Frontier CEO David Braben said: "This is a strong start for Frontier Publishing - we're delighted to partner with a studio of the quality of Haemimont. Our Frontier Publishing initiative helps us to further expand our game portfolio through external development partnerships that supplement our own internal development roadmap. We are in discussions with other developers and hope to be able to announce further publishing partnerships in the future."
Gabriel Dobrev, CEO at Haemimont Games said: "Partnering with Frontier, who have a long history with great, innovative titles, is the perfect fit for us at Haemimont Games. We're proud to be the first partner for Frontier Publishing and can't wait to reveal details on our brand new project in the future."
Frontier CCO Jonny Watts said: "Haemimont has a great reputation within the industry and we're excited to start this working relationship. From the beginning of discussions it was clear both companies have a strong passion for the management and strategy genre that makes this an ideal match."
This announcement contains inside information as defined in Article 7 of the Market Abuse Regulation (EU) 596/2014. The person responsible for making this announcement on behalf of the Company is Alex Bevis.
Enquiries:
Frontier Developments +44 (0)1223 394 300
David Braben, CEO
Alex Bevis, CFO
Liberum - Nomad and Joint Broker +44 (0)20 3100 2000
Neil Patel / Cameron Duncan
finnCap - Joint Broker +44 (0) 207 220 0500
Matt Goode / Giles Rolls / Alice Lane
Tulchan Communications +44 (0) 207 353 4200
Matt Low
About Frontier
Frontier is a leading developer and publisher of videogame franchises founded in 1994 by David Braben, co-author of the iconic Elite game. Based in Cambridge, Frontier uses its proprietary 'COBRA' game development technology to create innovative games, currently focusing on videogame consoles and personal computers.
Frontier's LEI number: 213800B9LGPWUAZ9GX18.
www.frontier.co.uk
About Haemimont Games
Haemimont Games is an independent game development team brought together by a common passion: to thrill, engage and provoke gamers worldwide.
Using its own proprietary technology, the studio has developed a number of games including entries in the Tropico series, Victor Vran and Surviving Mars.