Alpha Esports Tech Inc. Announces Partnership with Esports Entertainment Group to Design Computer Vision for Automated Scoring
October 04 2021 - 8:00AM
Alpha Esports Tech Inc. (“Company” or “Alpha
Tech”) (CSE:
ALPA)
(FSE: 9HN),
(OTC PINK:
APETF), is proud to announce that
it has signed a partnership with Esports Entertainment Group’s
newly rebranded subsidiary EEG Labs (NASDAQ: GMBL). EEG Labs was
previously known as Genji. The Company and EEG Labs will develop a
new computer vision tech system that allows the Company’s online
platform, GamerzArena, to conduct automated scoring for popular
games such as Call of Duty and Fortnite.
The new computer vision tech simplifies match
scoring and allows GamerzArena to detect many common types of
fraudulent activity, such as falsifying game outcomes. An
additional benefit of this new technology involves tournament
results being available instantly on the leaderboards on
GamerzArena. The automated tech will allow users to have an added
sense of trust for the results of tournaments and contests due to
the consistency of the computer vision tech around scoring. EEG
Labs will also deploy its computer vision tech to extract data from
additional sources and contests to optimize content plans for the
Company.
“Partnering with EEG Labs Analytics to design a
computer vision tech will push GamerzArena to the next level,” said
Interim CEO, Matthew Schmidt. “The automated scoring system and
anti-cheating software will give GamerzArena an added level of
trust and security, which will help us continue to increase our
userbase.”
“We're excited to continue expanding EEG Labs'
technology and GamerzArena is a great avenue to do so,” adds Magnus
Leppaniemi, President of EEG Games. “In working together, we will
pave the way for ground-breaking and efficient scoring of esports
match results, allowing gamers everywhere to compete safely and
reliably.
About Alpha Esports Tech
Inc.
Alpha Esports Tech Inc. is a technology company
that focuses on emerging markets in Esports, mobile gaming,
ecommerce, blockchain and high growth opportunities. Through a
strong portfolio of technology assets, we bring a new edge to
modern gaming. Learn more at: www.alphatech.inc.
About EEG Labs and Esports Entertainment
Group
EEG Labs is a subsidiary of Esports
Entertainment Group and will use their sophisticated computer
vision to deliver cutting-edge broadcast optimization and talent
scouting analytics. Esports Entertainment Group is a publicly
trading company on the NASDAQ, trading under the ticker GMBL.
Esports Entertainment Group has become licensed and regulated to
legally run esports wagering and the global esports market is
expected to surpass $205 billion by 2027.
Contact:
Investor Relations: ir@alphatech.inc - 604 359 1256 Media:
media@alphatech.inc - 917 674 8292
On Behalf of The Board of
DirectorsMatthew SchmidtInterim
CEO and Director
For further information, please visit www.alphatech.inc, or
contact ir@alpahatech.inc.
Forward Looking Statement
This news release contains "forward-looking
information" within the meaning of applicable securities laws
relating to statements regarding the Company's business, products
and future of the Company’s business. Although the Company believes
that the expectations reflected in the forward-looking information
are reasonable, there can be no assurance that such expectations
will prove to be correct. Readers are cautioned not to place undue
reliance on forward-looking information. Such forward-looking
statements are subject to risks and uncertainties that may cause
actual results, performance and developments to differ materially
from those contemplated by these statements depending on, among
other things, the risks that the Company's products and plan will
vary from those stated in this news release and the Company may not
be able to carry out its business plans as expected. Except as
required by law, the Company expressly disclaims any obligation and
does not intend to update any forward-looking statements or
forward-looking information in this news release. Although the
Company believes that the expectations reflected in the
forward-looking information are reasonable, there can be no
assurance that such expectations will prove to be correct. The
statements in this news release are made as of the date of this
release.
The CSE has not reviewed, approved or
disapproved the content of this press release
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