AMPD Ventures (AMPD.C), a Canadian company focused on providing next generation high-performance computing solutions for low-latency applications, announced today that Tippett Studio Inc has picked AMPD Virtual Studio to help power their growth and expansion in the North American market.
Tippett Studio is a leading, full service, animation and visual effects production company led by two-time Oscar and Emmy winner Phil Tippett.
A co-developer of the revolutionary go motion animation technique, Tippett has been a fixture in Hollywood animation and visual effects since the 1970’s when he famously created the stop-motion miniature chess scene in the original Star Wars film.
From there, he has earned a string of nominations and awards, working on over 30 films including multiple Jurassic Park offerings as well as the latest Star Wars Trilogy.
Tippett Studio’s expansion into Canada began in May 2022, with the company’s first satellite office, Tippett Canada, in Toronto. Recent projects handled by the studio include work on “The Book of Boba Fett,” Season 2 of “The Mandelorian,” Marvel Studios’ “The Falcon and the Winter Soldier, all on the Disney +, and Season 2 of “Locke and Key” on Netflix.
The AMPD Virtual Studio (offered by AMPD’s subsidiary, AMPD Technologies) has been designed to be the ultimate high-performance cloud-based digital content creation platform.
AMPD Virtual Studio is not only a greener alternative for creating cutting-edge digital content, but it has more power, flexibility and cost-effectiveness than the traditional on-premises workstations and the existing ‘commodity’ cloud.
Tippett’s Toronto operation will house a fully functioning post-production studio, headed by Gary Mundell, president of Tippett Canada and COO of Tippett Studio.
Anthony Brown, CEO of AMPD Ventures, commented, “This is a very important milestone for us. Securing an industry leader such as Tippett Studio as an AMPD Virtual Studio customer represents major validation to the entire VFX market as to the viability and overall strength of our Virtual Studio solution.”
Tippett Canada will be servicing the likes of Marvel Studios, Lucasfilm, Disney, Showtime, New Line Cinema, AMC, Amazon, and Legendary Studios including “The Toxic Avenger.”
Michael Root, CTO for Tippett Studio, added, “It all started when we were trying to find a solution for remote rendering. We tried several solutions from companies in both North America and Asia and couldn’t find a solution that made sense from either a performance or price perspective. When we finally got to try AMPD Render, one of the solutions in the AMPD Virtual Studio Suite, we were immediately impressed. In fact, during our first test we rendered approximately 4,000 frames using AMPD Render on the AMPD POD in LA, and my team was never aware that the server they were rendering on was over three hundred miles away.”
The global VFX market was valued at $26.3 billion in 2021 and is expected to surpass $48.9 billion by 2028 at a CAGR of 10.9%.
The global high performance computing market was estimated at $39.86 billion in 2021 and expected to hit $64.65 billion by 2030 at a CAGR of 5.5%.
Equity Guru founder, Chris Parry, took some time to lay out AMPD’s value proposition and why investors should give it serious consideration as a significant growth opportunity:
As well, Jody Vance recently sat down with CEO Anthony Brown to get an inside look at the ground-breaking company and its leadership:
In other news, AMPD announced at the beginning of September that it had successfully closed the second and final tranche of its previously announced private placement for an aggregate total $1.83 million CAD.
AMPD reported $1.13 million in cash as of May 31, 2022, with a 12-month ending May 31, 2022 revenue of $3.23 million for a yearly net loss of $7.12 million.
Currently the company trades at $0.15 per share for a market cap of $14.29 million.
