World Renowned Studio Tippett Selects AMPD Virtual Studio as it Expands Operations in North America

VANCOUVER, BC, October 6, 2022 /CNW/ – AMPD Ventures Inc. (CSE: AMPD) (OTCQB: AMPDF) (FRA: 2Q0) (“AMPD” or the “Company”) is pleased to announce that Tippett Studio Inc. has selected AMPD Virtual Studio to help fuel their growth and expansion in the North American market.

“This is a very important step for us,” said Anthony BrownCEO of AMPD Ventures Inc. “Securing an industry leader like Tippett Studio as a AMPD Virtual Studio client represents a major validation for the entire VFX market as to the viability and overall strength of our virtual studio the solution.”

AMPD Virtual Studio (Offered by AMPD subsidiary company AMPD Technologies Inc.) was designed to be the cloud-based, high-performance digital content creation platform and represents a greener, more flexible, more powerful and more cost-effective alternative for developing cutting-edge digital content compared to desktops on site and to the existing “merchandise” cloud.

Tippett Studio announced its expansion into Canada in May 2022with its first satellite office, known as Tippet Canadabeing established in Toronto. Tippett’s recent projects include work on “The Book of Boba Fett“Season 2 of “The Mandalorian”, Marvel Studios’ “The Falcon and the Winter Soldier”, all three on Disney+, and season 2 of “Locke and Key” on Netflix.

Tippett Toronto operation, which will house a fully functional post-production studio, will be led by Gary Mundelpresident of Tippet Canadaand COO of Tippett Studio. Tippet Canada will serve customers, including marvel studios, lucasfilm, disney, Show time, New line cinema, AMC, Amazon and Legendary Pictures, including “The Toxic Avenger”. (https://variety.com/2022/tv/news/tippett-canada-the-mandalorian-the-book-of-boba-fett)

“It all started when we were trying to find a solution for remote rendering,” said Michel Racine, technical director of Tippett Studio. “We have tried several enterprise solutions from both North America and Asia and didn’t find a logical solution from a performance or price point of view. When we finally got to try out AMPD Render, one of the solutions in the AMPD Virtual Studio suite, we were immediately impressed. In fact, in our first test, we rendered about 4,000 frames using the AMPD renderer on the AMPD POD in Los Angeles, and my team never knew that the server they were rendering on was over five hundred kilometers.”

“Moving most of a studio’s compute infrastructure from under the desk to AMPD enterprise-grade hosting environments have many technical and economic advantages for digital content creation studios,” said Don Bustintechnical director at AMPD. “Tippett Studio is, as always, doing groundbreaking work and pioneering new ways to create next-gen digital content. We couldn’t have asked for a better company to be one of the first to adopt AMPD Virtual Studio.”

About Tippett Studio Inc.

Tippett Studio is an American visual effects company specializing in computer-generated imagery (CGI) for motion pictures and television commercials. The studio has created visual effects and animation on more than fifty feature films and commercials, winning an Academy Award, four Clio Awards and two Emmy Awards. The company currently has approximately 150 employees, with offices located in Berkeley, California.

About AMPD Technologies Inc.

AMPD Technologies is a next generation infrastructure company specializing in providing high performance computing solutions for low latency applications. With state-of-the-art high-performance computing solutions housed in sustainable city data centers, AMPD Technologies Inc. leads the transition to the next generation of IT infrastructure as a “metaverse hosting company”. Through a combination of Infrastructure as a Service (“IaaS”) and an upgraded high-performance cloud offering, we meet the low latency requirements of multiplayer video games and esports, computer graphics rendering, artificial intelligence, machine learning, mixed reality, big data processing and unexplored technological developments for decades to come.

About AMPD Ventures Inc.

AMPD companies builds the world’s best suite of tools and technologies for creating and distributing next-generation digital content. Through its operating subsidiaries, AMPD Technologies and Departure Lounge, AMPD combines the power of cloud computing’s high-performance edge approach with state-of-the-art capture technologies to enable businesses to enter the next era of digital content.

ON BEHALF OF THE BOARD OF DIRECTORS

/s/ “Anthony Brown”

Anthony BrownCEO and director
AMPD Ventures Inc.
Phone: 604-332-3329
E-mail: [email protected]

CSE does not accept responsibility for the adequacy or accuracy of this release.

Caution

Forward-looking statements

This press release contains statements and information that constitute “forward-looking information” within the meaning of Canadian securities laws. Forward-looking information is based on reasonable assumptions, estimates, analyzes and opinions of our management based on its experience and perception of trends, current conditions and expected developments, as well as other factors that management considers relevant and reasonable in the circumstances on the date such statements are made, but which may prove to be incorrect. Forward-looking statements or information included herein include, but are not limited to, statements or information regarding the company’s relationship with Tippett Studio and the use, marketing and future benefits of AMPD Virtual Studio and other AMPD products and services.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of AMPD differ materially from any future results, performance or achievements expressed or implied by the forward-looking information. These factors include, but are not limited to: business, economic, competitive, geopolitical, technological and social uncertainties; uncertainties regarding the development and direction of cloud computing solutions; uncertain capital markets; other risks relating to a party’s inability to perform its obligations under the Share Purchase Agreement, as well as the factors discussed in the section titled “Risk Factors” of the Statement of registration on Form 2A of the company dated October 17, 2019 and “Risks and Uncertainties” in the Company’s most recent MD&A filed on SEDAR.

Although forward-looking information is based on our management’s reasonable assumptions as of the date such statements are made, there can be no assurance that the project will produce the anticipated benefits, or that the forward-looking information will prove to be accurate, as results and events future could differ materially from those anticipated in this forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. AMPD does not undertake to update or revise any forward-looking information except in accordance with applicable securities laws. All forward-looking information contained in this press release is qualified by this cautionary statement.

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