AMPD Announces the Formal Launch of Its AMPD Lab Initiative in Conjunction with Leading Technology Partners

VANCOUVER, BC / ACCESSWIRE / October 6, 2020 / AMPD Ventures Inc. ("AMPD" or the "Company") (CSE:AMPD)(FRA:2Q0), is pleased to announce the formal launch of its AMPD Lab initiative with the support of leading technology partners, including Intel and Dell. The AMPD Lab is a state-of the-art, high-performance cloud and computing test facility, housed within AMPD's DC1 urban data centre in Vancouver, BC.

AMPD's customers and prospective customers are now able to use the latest in CPU and GPU processors, storage, and high-performance networking technologies to conduct real-world benchmark testing with their own specific workloads, to clearly demonstrate the advantages of high-performance computing at the edge.

The AMPD Lab enables customers to test existing AMPD products and services, such as the AMPD Remote Render Solution, as well as newer solutions that are still being refined, such as AMPD Virtual Workstations and AMPD High-Speed Storage.

Both AMPD and its customers, including Bardel Entertainment Inc. and Versatile Media, benefit from working on solutions for real-world challenges in an environment that can truly test the limits of performance and functionality. The AMPD Lab means that solutions have immediate customer application once proven.

"The AMPD Lab was instrumental in our choice of AMPD as our technology partner," said Steven Read, Executive VP & Studio Head at Versatile Media Vancouver. "It's refreshing when a vendor really wants to dig in and provide proof that solutions work in real-world environments, providing us with the comfort that we're making the right technology choices. Virtual production technology is evolving on a what seems like a daily basis, so the opportunity to test various options is invaluable."

"The AMPD Lab represents an important part of our customer onboarding and development process," said Anthony Brown, CEO at AMPD. "AMPD services customers who are making multi-million-dollar, multi-year infrastructure decisions, so being able to offer this testing environment as part of our sales cycles and developing solutions that are proven to meet customers' needs is key. It's a way to prove out that our solutions are indeed better, faster, and more cost effective."

AMPD has invested in servers, network and security systems for the lab, and partners Dell, Intel, NVIDIA, and AMD have all donated hardware and expertise to contribute to the platform.

"It's very pleasing to see our partners such as Dell and Intel step up to assist us with the implementation of the AMPD Lab as the pipeline of meaningful deals expected to close in the coming months grows," said Don Bustin, CTO at AMPD. "Vendors also view the AMPD Lab as an important environment in which to showcase the latest and greatest technologies to prospective customers."

Dell supplied AMPD with hardware equipped with the latest GPU and CPU processors to include in the AMPD Virtual Workstation as part of AMPD's initiative to innovate a better performing and lower-cost solution for studios. This enables the Company to preview and demonstrate how the technology works to customers who are beginning to understand the impact that this type of computing can have on their workflows.

One example of specific outcomes from the lab is the development of a new, innovative storage product that combines technologies from Intel, Lightbits, and IBM to offer blazing fast access to data across almost any type of compute workload.

"AMPD's adoption of NVME over Fabric using Intel Optane Memory NVME storage brings the latest iteration of high-speed data storage to the cloud," said Phil Vokins, Cloud Services Director for Intel Americas and Canada. "By working with AMPD to develop industry leading technology in the AMPD Lab, we can demonstrate the impact that this style of low-latency, high-performance storage has on workloads for digital media and AI. We are looking forward to seeing what this technology can do for AMPD's customers as it becomes prevalent."

Companies interested in reserving time on the AMPD Lab platform are requested to contact AMPD on [email protected]

About AMPD Ventures Inc.

AMPD specializes in providing high-performance cloud and computing solutions for low-latency applications, including video games and eSports, digital animation and visual effects, and big data collection, analysis and visualization.

For further information please contact Investor Relations:

Tel: 604-332-3329 ext. 3
[email protected]
http://www.ampd.tech

About Intel Corporation.

Intel (Nasdaq: INTC) is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore's Law, we continuously work to advance the design and manufacturing of semiconductors to help address our customers' greatest challenges. By embedding intelligence in the cloud, network, edge, and every kind of computing device, we unleash the potential of data to transform business and society for the better.

To learn more about Intel's innovations, go to newsroom.intel.com and intel.com.

About Versatile Media Vancouver

Versatile Media Vancouver is a creative production studio developing a brand new 12,000 sq. ft purpose-built virtual production facility in Vancouver, BC, Canada. Versatile is the North American arm of Versatile Media Asia, a company with over 30 years of experience in full digital movie production, and a pioneer in virtual production techniques.

ON BEHALF OF THE BOARD OF DIRECTORS

/s/ "Anthony Brown"

Anthony Brown
CEO & Director
Tel: 604-332-3329
AMPD Ventures Inc.

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

Cautionary Statement

Certain statements made herein may contain forward-looking information within the meaning of the applicable Canadian securities laws ("forward looking statements"). Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "budgets", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negatives or thereof. Forward-looking statements herein include, but are not limited, to statements with respect to the performance and utility of the AMPD Lab and the expected benefits to AMPD and its customers and prospective customers thereof, customer relationships with Bardel Entertainment and Versatile Media among others, and the expected benefits to AMPD thereof, and partner relationships with Intel, Dell, Lightbits, IBM and other vendors, and the expected benefits to AMPD thereof.

Forward-looking statements by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by the forward-looking statements. We have made certain assumptions, which our management believes to be reasonable, about the forward-looking statements, including the ability to continue to utilize the AMPD Lab as a meaningful way to secure new business, the expected revenue and other benefits to be generated by the relationships generated by the AMPD Lab, as well as the ongoing performance advantages of AMPD solutions in comparison with existing or future competitive offerings. However, we can provide no assurance that the forward-looking statements will prove to be accurate. Furthermore, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, you should not place undue reliance on the forward-looking statements or information contained herein. Important additional information identifying risks and uncertainties and other factors is contained in in the section entitled "Risk Factors" in the Company's Form 2A Listing Statement dated October 17, 2019 and "Risk and Uncertainties" in the Company's most recent Management Discussion and Analysis filed on SEDAR.

Except as required by law, we do not intend to update forward-looking statements whether as a result of new information, future events or otherwise.

SOURCE: AMPD Ventures Inc.