AMPD Ventures (AMPD.CN), is a Canadian company providing cutting-edge performance computing solutions for video game development, esports, film and entertainment, AI, and big data.
Recently AMPD announced its wholly owned subsidiary, Departure Lounge, was open for business. This facility contains the world’s largest volumetric capture stage packed with next gen technologies. CEO Anthony Brown explains the facility’s capabilities and potential:
Today, AMPD provided an update from its subsidiary, Departure Lounge Inc, highlighting a strong start to operations in 2022, and well positioned for growth in 2023.
- creating volumetric holograms for Fortune 500 company’s marketing campaigns.
- helping to design and build a Metaverse for one of the world’s largest and most highly distributed cryptocurrencies.
- co-producing music videos using volumetric capture.
- selected as a Metaverse partner of record to one of Canada’s most important First Nation’s cultural centres.
An example of co-producing music videos is highlighted, with the Departure Lounge team co-producing a 4 minute music video and accompanying 3D VR experience. Within two weeks of the artists arriving at the volumetric capture stage for a single day of capture, Departure Lounge delivered a 2-minute teaser that was included in Vancouver International Film Festival’s ‘Signals’, a curated selection of experiences that are exploring technology’s potential in storytelling.
As production work continues on the full video, Departure Lounge is receiving early interest from the international film festival circuit to include the video in their official selections for 2023.
AMPD Technologies also 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.
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.
Similar work with well-funded groups in Europe and the Middle East are also being discussed.
Departure Lounge has seen a growth to 20 employees across studio operations, production, creative development, sales, and admin. The company expects to add at least 5-8 new full time employees in H1 2023 as well as several contractors to meet the expected increase in demand for services. Physical presence has been increased with neighbouring office space at the Centre of Digital Media (CDM).
Departure Lounge is also supporting the local community and digital media sector. The company did volumetrically capture an Indigenous Welcoming Ceremony, and as in-kind sponsors of Indigenous Fashion Week, the team volumetrically captured several incredible pieces by First Nations designers. The resulting holograms are slated to be used in future engagements. Departure Lounge was proud to host DigiBC’s 25th-anniversary event in the Departure Lounge studio and is looking forward to supporting two student projects in conjunction with the CDM’s Master of Digital Media program in 2023.
AMPD Ventures stock just recently closed below the major $0.12 support, and thus breaking the range. This was a bearish sign, and we could have seen a drop down to $0.08. However, breakdowns, just like breakouts, tend to pullback to retest the zone it closed below before continuing lower.
On the retest, buyers managed to get a close back above the $0.12 nullifying the breakdown. We have a confirmed false breakdown or a fake out.
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.