Cemtrex Licenses Virtual Reality Gaming Rights to Leading Sci-Fi Series, Star Force
August 20 2018 - 9:15AM
Cemtrex Inc. (Nasdaq: CETX, CETXP, CETXW), a world leading
technology and manufacturing company, today announced that the
Company and Best-Selling author, B. V. Larson, have entered into an
exclusive licensing agreement to develop and publish video games
based on the author’s popular series, Star Force.
B. V. Larson is the author of more than fifty books with over
two million copies sold. His fiction regularly tops the bestseller
charts. Star Force is a military, science fiction book series
written by Mr. Larson. Larson started the space opera Star Force
series in December 2010 with the publishing and release of the
first novel, Swarm. Star Force is a fast paced, action packed
series that is real page turner, filled with nearly non-stop
warfare and futuristic technology.
The agreement grants Cemtrex exclusive rights to publish games
on VR, console, PC, and handheld devices. The Company plans to
prioritize the development of virtual reality (VR) games for the
Star Force series.
Cemtrex’s Chairman and CEO, Saagar Govil, said, “We are
immensely excited to collaborate with B.V. Larson on bringing this
great series to life in virtual reality. Based on the vast universe
that he has created in Star Force, we see tremendous opportunity to
create amazing VR experiences and games around this content that
will appeal to his massive fanbase as well as attract new fans into
the series.”
“At Cemtrex we believe that virtual reality will revolutionize
the way stories are told and experienced. Whereas books and movies
allow people to read and watch their favorite stories, virtual
reality will allow them to play and live the story through the
first person in a fully immersive way that has never been done
before. We see an enormous opportunity over the long term to bring
both fiction and non-fiction to virtual reality for truly unique
immersive experiences,” added Mr. Govil.
Cemtrex plans to release its first game around the Star Force
series in 2019.
About CemtrexCemtrex, Inc. (NASDAQ:CETX) is the
manufacturer of the SmartDesk, the world’s most advanced
workstation. Cemtrex is a diversified technology company that's
driving innovation in a wide range of sectors, including smart
technology, virtual and augmented realities, advanced electronic
systems, industrial solutions, and intelligent security
systems.www.cemtrex.com
Safe Harbor Statement
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995, including statements relating to our new product offerings or
any proposed fundraising activities. These forward-looking
statements are based on management's current expectations and are
subject to certain risks and uncertainties that could cause actual
results to differ materially from those set forth in or implied by
such forward looking statements. These risks and
uncertainties include, but are not limited to: operational losses
and negative cash flows; any need for additional financing; market
acceptance of our products; our ability to manufacture and develop
effective products and solutions; indebtedness to our lenders;
current and future economic conditions that may adversely affect
our business and customers; potential fluctuation of our revenues
and profitability from period to period which could result in our
failure to meet expectations; our ability to maintain adequate
levels of working capital; our ability to incentivize and retain
our current senior management team and continue to attract and
retain qualified scientific, technical and business personnel; our
ability to expand our product offerings or to develop other new
products and services; our ability to generate sales and profits
from current product offerings; rapid technological changes and new
technologies that could render certain of our products and services
to be obsolete; competitors with significantly greater financial
resources; introduction of new products and services by
competitors; challenges associated with expansion into new markets;
and, other factors discussed under the heading "Risk Factors"
contained in our Form 10-K filed with the Securities and Exchange
Commission. All information in this press release is as of
the date of the release and we undertake no duty to update this
information unless required by law.
For further information, please contact:
Investor Relations
Cemtrex, Inc.
Phone: 631-756-9116
investors@cemtrex.com
General Inquiries
sales@cemtrex.com
Cemtrex (NASDAQ:CETXW)
Historical Stock Chart
From Mar 2024 to Apr 2024
Cemtrex (NASDAQ:CETXW)
Historical Stock Chart
From Apr 2023 to Apr 2024