AMPD Ventures (AMPD.CN), a next generation digital media tools and technologies provider, announced today that its subsidiary, AMPD Technologies, has signed an agreement with Magnolia Quality Development Corporation (MQDC).
MQDC is a property development company in Thailand which is looking to AMPD’s expertise for their next generation metaverse content production initiative, which is intended to be the largest in Asia. The Thai company operates on the principle, “For All Well-Being”, and is dedicated to achieving well-being for society and all living beings. Their property developments are based on the latest technology and innovations in sustainable property. The company was established in 1994.
The company will be building a large-scale project with retail, office and hotel in the Sukhumvit Innovative District in Bangkok, Thailand. Multiple amenities such as a public park, a tech village, hotels and restaurants, a multi-function theatre, multipurpose halls for events, conferences or concerts, education hubs and eSport ecosystems will also be included.
AMPD will be offering consulting services to MQDC and will offer consulting on the technical and studio infrastructure requirements to design and build a world-class Creator Studio utilizing AMPD Technologies Inc and Departure Lounge Inc, which both are AMPD subsidiaries.
This Creator Studio will have the latest cutting edge technology and could transform Thailand into the centre of the Metaverse and film production in Thailand.
“The computing infrastructure, in combination with Virtual Production and Volumetric Capture stages work synergistically to facilitate the creation of next-generation digital content for film, television, games, and the Metaverse.” said Anthony Brown, CEO at AMPD. “We are very excited to be involved in a project with such a grand scale.”
“The AMPD teams have the experience and proven ability to build world-class facilities like Volumetric Capture Stages and LED Virtual Production Sound Stages,” said Paul Sirisant, Senior Vice President MQDC. “Their involvement in the development of our largest project will help ensure the completion of our vision to build the largest content production house in Asia.”
Equity Guru founder Chris Parry digs into AMPD, its offerings and what growth opportunities are available for investors wishing to get behind the industry-leading performance computing company in a recent Three Minute Hits segment:
The stock is currently up 8% with over 115,000 shares traded at time of writing.
AMPD Ventures stock remains in its range, and we are very close to the bottom of this range at $0.12. Buyers are expected to be there, and with today’s news, we could see the spark of a new uptrend move.
Technically, we still require a breakout. Ideally, the big break comes when the price climbs over $0.19. However, notice the trendline I have drawn. The price of the stock has been respecting this trendline and I would say it is a valid technical indicator for traders. If we see price close above it, above $0.15, we would have a trendline breakout. This break would be a technical breakout which would see the stock potentially rise back up to the $0.19 resistance zone.
