AMPD Ventures Inc. Provides FY 2022 Results Preview - Seite 2

Buildout of the facility is progressing on schedule and is expected to be completed by mid-June with initial bookings expected shortly thereafter. Departure Lounge CEO, James Hursthouse spoke at several high-profile Metaverse conferences and events, including the Vancouver International Privacy & Security Summit (VIPSS), the Metaverse 2.0 Global Summit, and the International Spark 2022 Visual Effects Conference, building awareness and generating significant early-stage interest in the company and its services.

In January 2022, AMPD added to its roster of high caliber senior leaders with the appointment of Ian Wilms in the position of Vice President of Business Development and Government Affairs. AMPD was subsequently accepted into the ‘Accelerate Growth Service' program, which was established by the federal government to help support Canadian companies with high growth potential via assistance and guidance on a wide range of government programs designed to supercharge growth.

On Feb 2^nd, 2022, the Company announced the expansion of The Learning Factory Digital Twin Project in partnership with Canada's Digital Technology Supercluster.

On February 9^th, the Company signed an agreement with Parsec Cloud Inc., now a wholly owned subsidiary of Unity, Inc (NYSE: U), to enhance the AMPD Virtual Studio offering with Parsec's ultra-low latency streaming technology. Parsec's ultra-low latency streaming technology has been designed to enable anyone in the world to remotely interact with real-time 3D content and empowers some of the world's most inspiring and creative companies to freely work and play from anywhere, on any device, on their own terms.

AMPD Virtual Studio is an integrated suite of fully composable, private cloud-based solutions designed to create the ultimate ‘infrastructure-less' studio for digital content creators and specifically addresses the opportunity represented by the ongoing transition to virtual desktop infrastructure (VDI). It is estimated that the virtual desktop infrastructure (VDI) market will reach USD $30B by 2026, up from USD $11B in 2020, representing 17% annual CAGR growth during the forecast period.[3]

On Feb 28^th, 2022, the Company signed an agreement with Versatile Media Inc. through which it will sell and support the Versatile Virtual Production System ("VPS"), a robust, end-to-end suite of technology solutions that offers many advantages over current virtual production workflows. AMPD demonstrated the incredible capabilities of the Versatile VPS to numerous global studio executives at the recent NAB Conference in Las Vegas.