|[June 25, 2016]|
Acer Inc. (TWSE: 2353, LSE: ACID) and Starbreeze AB (First North: STAR (News – Alert))
announced today that their respective Board of Directors have approved
the establishment of a joint venture for design, manufacturing,
promotion, marketing and sales of the StarVR Virtual Reality (VR)
Head-Mounted Display (HMD) as previously announced May 15th,
2016 upon signing the letter of intent.
The new company is provisionally named Acer (News – Alert) Starbreeze Corporation, with
an authorized capital of up to NT$800 million (US$25 million) shared
equally between the companies, and is expected to be incorporated in
Taiwan in the third quarter of this year subject to necessary approvals
from regulators. Acer and Starbreeze will each be holding 50-percent of
the total shares and incrementally inject capital to the joint venture
based on capital needs and planned schedule.
“The joint venture with Starbreeze highlights Acer’s commitment of
bringing premium user experiences in time to the market,” said Jason
Chen, Corporate President and CEO, Acer Inc. “Combining Starbreeze’s
industry-leading VR technology, and Acer’s established experience in
hardware and computing, we will bring VR experiences to new heights with
“Our strategic alignment with Acer is going to exponentially improve the
StarVR HMD in terms of quality, execution and market reach. Together, we
will keep pushing the frontier of VR technology,” said Bo Andersson
Klint, CEO, Starbreeze AB. “With the Acer production partnership for the
StarVR headset, our joint venture with IMAX for location-based
entertainment, and the content platform collaboration with Smilegate, we
now have a perfect ecosystem for our VR centers.”
With its best-in-class cinematic experience, StarVR targets
professional- and location-based entertainment market such as high-end
cinemas, gaming arcades, automotive retail and aviation training. We
expect to ship a small volume of units in 2016, while mass production is
scheduled for 2017.
StarVR provides a truly immersive VR experience with its unique
ultra-wide 210-degree horizontal field of view, with custom optics that
deliver great image quality across the eye’s natural vision. This allows
users to move their eyes freely in any direction and continue to be
immersed in the virtual worl, without the sensation of wearing blinders
that conventional VR displays bring. Powered by a dual Quad HD display
architecture, one per eye, StarVR provides a realistic visual experience
with a total panoramic definition of 5120×1440 pixels, with
highly-detailed scenes and virtually no screen door effect.
here for the press kit.
Established in 1976, Acer is a hardware + software + services company
dedicated to the research, design, marketing, sale, and support of
innovative products that enhance people’s lives. Acer’s product
offerings include PCs, displays, projectors, servers, tablets,
smartphones and wearables. It is also developing cloud solutions to
bring together the Internet of Things. As one of the world’s top 5 PC
companies, Acer employs 7,000 people worldwide and has a presence in
over 160 countries. Its shares are listed on the Taiwan Stock Exchange
(TWSE: 2353), and Global Depository Receipts (GDR) are listed on the
London Stock Exchange (LSE: ACID). Please visit www.acer.com
for more information.
Starbreeze is an independent creator, publisher and distributor of
high quality entertainment products. With studios in Stockholm, Paris
and Los Angeles, the company creates games and other virtual reality
entertainment products, based on proprietary design and licensed
content. Starbreeze’s most recent games include PAYDAY 2, the adrenaline
fueled bank robbing co-op game and the upcoming John Wick (News – Alert) VR shooter and
survival co-op FPS OVERKILL’s The Walking Dead.
Starbreeze has set out to develop truly immersive virtual reality
experiences, by integrating software and hardware in its StarVR head
mounted display, to be produced together with Acer, displaying a unique
field of vision and a mission to bring top-end VR to large audiences.
Starbreeze launched StarVR with a VR-experience at the Electronic
Entertainment Expo (E3) in June 2015, gained by teaming up with French
Infinite (News – Alert) Eye. In January 2016, Starbreeze unveiled the StarCade
initiative; centers that invites people to immerse themselves into
premium VR experiences. The first cinematic VR experience “Cockatoo
Spritz” directed by Stephane Barbato, premiered at the 69th
Cannes Film Festival 2016.
Headquartered in Stockholm, Sweden, Starbreeze’s shares are listed on
Nasdaq Stockholm First North Premier under the tickers STAR A and STAR B
with the ISIN-codes SE0007158928 (A-share) and SE0005992831 (B-share).
Remium Nordic is the company’s Certified Adviser. For more information,
please visit http://www.starbreeze.com,
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