4 November 2014
Frontier Developments plc
(the “Company”)
Announces end of Beta phase of Elite: Dangerous
Frontier Developments plc (AIM: FDEV; “Frontier”, the “Company”), a leading independent developer of video games with studios in Cambridge, UK and Halifax, Canada, publically announced last week that the Beta phase of its development of Elite: Dangerous will come to an end on Saturday 22 November 2014, with the full public release happening in the current calendar quarter.
22 November is also the date Frontier has announced for the worldwide Premiere event it is holding for Elite: Dangerous at Imperial War Museum, Duxford.
Frontier has now raised total funding via Kickstarter, the crowd-funding website, and its own site of over £7.5 million from over 140,000 backers in order to develop Elite: Dangerous.
David Braben, Chief Executive Officer of Frontier Developments, said:
"Development continues to track well for a 2014 launch, and the end of a successful Beta phase on the 22nd November means we expect to be able to recognize a substantial portion of the deferred revenue received before the end of the calendar year."
Enquiries:
Frontier Developments |
+44 (0)1223 394 300 |
David Braben, CEO
David Walsh, COO
Neil Armstrong, CFO |
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Canaccord Genuity |
+44 (0) 207 523 8000 |
Simon Bridges/Cameron Duncan |
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Finncap |
+44 (0) 207 220 0506 |
Malar Velaigam |
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Tulchan Communications |
+44 (0) 207 353 4200 |
James Macey White / Tom Buchanan |
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About Frontier Developments
Frontier Developments plc, listed on the AIM stock market (ticker: FDEV), is a leading independent game developer founded in 1994 by David Braben, co-author of the seminal ‘Elite’ game. Based in Cambridge, UK and Halifax, Nova Scotia, Canada, Frontier uses its proprietary ‘Cobra’ game development technology to create innovative games across videogame consoles, computers, smartphones and tablets.
The studio released Zoo Tycoon as a launch title for Microsoft’s Xbox One console in 2013 and is currently working on Tales From Deep Space for Amazon, ScreamRide for Microsoft and other unannounced titles in addition to Elite: Dangerous.
www.frontier.co.uk
