Ampd Ventures - AMPDF STOCK NEWS

AMPD Ventures Inc. has successfully closed a CAD $1.1 million technology sale to a prominent Vancouver-based digital media company, which acquired high-performance workstations and networking systems tailored for content creation. Since October 2021, AMPD reported over CAD $2.6 million in new purchase orders, with revenue anticipated upon shipment. The company's CEO, Anthony Brown, emphasized AMPD's resilient growth amid ongoing challenges like Covid and supply chain issues, projecting significant growth compared to FY2021, and validating AMPD's technologies in the digital content creation sector.

AMPD Ventures Inc. has announced a Referral Agreement with Parsec Cloud, Inc., aiming to enhance its AMPD Virtual Studio offerings. This collaboration will allow AMPD customers to access Parsec's ultra-low latency streaming technology for improved connectivity to AMPD's Virtual Workstations. The partnership aligns with AMPD's goal of providing high-performance computing solutions for digital content creation, as the VDI market is projected to grow from USD $11B in 2020 to USD $30B by 2026.

AMPD Ventures Inc. announced the expansion of the Learning Factory Digital Twin (LFDT) project in collaboration with partners including Avcorp Industries Inc. and Convergent Manufacturing Technologies. Initially launched in March 2019, the LFDT focuses on applying digital twinning technologies to aerospace manufacturing, enhancing virtual reality applications for real-time monitoring and training. The new phase aims to introduce a self-learning Digital Twin capable of predicting outcomes in complex manufacturing processes, scheduled for implementation in 2022, indicating a significant advancement in aerospace manufacturing efficiency.

AMPD Ventures Inc. has engaged Red Cloud Securities to provide market-making services to enhance the liquidity of its common shares on the CSE. The engagement, pending regulatory approval, involves a monthly fee of $5,000 payable quarterly. Red Cloud's role is to stabilize the market for AMPD's shares without receiving shares or options as compensation. Furthermore, AMPD emphasizes its focus on providing next-generation digital infrastructure solutions tailored for various high-demand sectors, including gaming and artificial intelligence.

AMPD Ventures Inc. has announced the appointment of Ian Wilms as Vice President of Business Development and Government Affairs. With over 26 years of experience, including leadership roles at IBM and several successful startups, Wilms aims to drive both domestic and international growth. CEO Anthony Brown highlighted that AMPD is experiencing unprecedented growth and expects to continue launching new initiatives for revenue expansion. The company specializes in next-generation digital infrastructure, focusing on high-performance computing solutions for various sectors.

AMPD Ventures Inc. has completed the acquisition of Departure Lounge Inc. for CAD $1,079,458 to enhance its Metaverse-focused technology and content initiatives. This acquisition is part of AMPD's strategy to expand its cloud and compute platform. Departure Lounge will partner with Metastage Inc. to build a holographic capture facility in Vancouver, utilizing $2.5M from AMPD's recent funding. This move is expected to strengthen AMPD's offering in low-latency applications, with a performance-based profit-sharing plan established as part of the acquisition.

AMPD Ventures Inc. announced its common shares are now eligible for electronic clearing and settlement via the Depository Trust Company (DTC) in the United States. This DTC eligibility is expected to enhance the liquidity and trading efficiency of AMPD's shares. American investors may benefit from improved execution speeds, making shares more accessible to a broader range of U.S. investors. AMPD provides high-performance cloud solutions targeted at low-latency applications, including gaming and big data.

AMPD Ventures Inc. has successfully closed a non-brokered private placement, raising CAD $6.94 million through the issuance of 23,139,663 units. Initially aimed to raise CAD $3.5 million, investor interest led to an increase in the offering size. Each unit includes a share and a warrant, exercisable at CAD $0.50 over two years. The funds will partly support the operations of Departure Lounge Inc. post-acquisition, as well as enhance AMPD's High-Performance Edge computing initiatives. Insiders subscribed to 6.48% of the total raised.

AMPD Ventures Inc has engaged Investor Cubed Inc for investor relations and shareholder communications in Canada. The agreement stipulates a monthly fee of CAD $10,000 for the first three months and CAD $7,000 thereafter for one year. Investor Cubed will receive options to purchase 250,000 common shares, vesting quarterly. Both companies see this partnership as beneficial for AMPD’s growth in the high-performance computing sector, aiming to enhance its market presence and shareholder value.